Solution Manual

Cost and Management Accounting

Sixth Edition

Students’ Manual

Colin Drury

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Cost and Management Accounting 6e: Students Manual Colin Drury

Publishing Director John Yates Production Editor Alissa Chappell Typesetter Saxon Graphics, Derby

Publisher Patrick Bond Manufacturing Manager Helen Mason Production Controller Maeve Healy

Development Editor Thomas Rennie Marketing Manager Katie Thorn

Copyright © 2006 Colin Drury The Thomson logo is a registered trademark used herein under licence. For more information, contact Thomson Learning, High Holborn House; 50-51 Bedford Row, London WC1R 4LR or visit us on the World Wide Web at: http://www.thomsonlearning.co.uk

All rights reserved by Thomson Learning 2006. The text of this publication, or any part thereof, may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, storage in an information retrieval system, or otherwise, without prior permission of the publisher.

While the publisher has taken all reasonable care in the preparation of this book the publisher makes no representation, express or implied, with regard to the accuracy of the information contained in this book and cannot accept any legal responsibility or liability for any errors or omissions from the book or the consequences thereof. Products and services that are referred to in this book may be either trademarks and/or registered trademarks of their respective owners. The publisher and author/s make no claim to these trademarks. British Library Cataloguing-inPublication Data A catalogue record for this book is available from the British Library

This edition published 2006 by Thomson Learning.

Contents

Part 1: Questions An introduction to cost terms and concepts Accounting for direct costs Cost assignment for indirect costs Accounting entries...