Managerial Accounting, Canadian Edition

Errata

Text Errata

March 20, 2012

Managerial Accounting, Canadian Edition

Ramji Balakrishnan, Konduru Sivaramakrishnan, Geoff Sprinkle, Lynn Carty, Maria Ferraro

978-0-470-67786-5

Note from the publisher: While every effort was made by the publisher and proofreaders to make this an error-free text, some errors did come to our attention too late in the process to be corrected. The following is a list of corrections to the text you may wish to share with your students.

Chapter

Reference

(if applicable) /

Correction Required

6 / 233 / Heritage’s joint costs are $60,000, not $23,000. The last sentence of the second paragraph should read:
Heritage’s joint costs are, therefore, $60,000 per week.
6 / 233 / Exhibit 6.12 / Cost Flows / Erroneous Cost / Correct Cost
Raw milk 75,000 litres / $18,000 / $45,000
Joint Cost / $45,000 / $60,000
Pasteurizing and packaging / $8,000 / $24,000
6 / 234 / The last sentence of the sixth paragraph should read:
Similar calculations show that it is more profitable for Heritage Dairy to sell cream at split off than to convert cream into butter
6 / 234 / The second sentence of the seventh paragraph should read:
We do not consider the joint cost of $60,000, nor how it might be allocated between the two products, in these sell now or process further decisions.
6 / 235 / Exhibit 6.14 / In the “Decision” row, “Process further into butter” should be “Sell cream and split off”.
6 / 235 / Before the paragraph which begins with “Consider MJM Corporation, which produces three products …”, insert the subheading:
Joint Cost Allocation
6 / 236 / At the top of the page, before the text “How do we allocate the $60,000 joint costs to each product?”, insert the subheading:
Net Realizable Value
Before the paragraph which begins with “A simple approach that allocates the joint costs”, insert the subheading:
Physical Unit Approach
8 / 361 / 8.47 / The vacuum cleaner headings in the table should be as follows:
Vacuum Cleaner
F1 / F3 / F5
Sales Cost per unit / $150 / $200 / $400
Variable cost per unit / $75 / $110 / $240
Quantity sold / 25,000 / 15,000 / 10,000
12 / 546 / In the ‘Transfer-Pricing Example’ section, the current price of per chip should be “$40”, not “$30”