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WGU D101 COST AND MANAGERIAL ACCOUNTING EXAM 2024 ACTUAL EXAM 2 VERSIONS (VERSION A AND B) COMPLETE 400 QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+ $12.99
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WGU D101 COST AND MANAGERIAL ACCOUNTING EXAM 2024 ACTUAL EXAM 2 VERSIONS (VERSION A AND B) COMPLETE 400 QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+
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WGU D101 COST AND MANAGERIAL ACCOUNTING EXAM 2024 ACTUAL EXAM 2 VERSIONS (VERSION A AND B) COMPLETE 400 QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+ What is a price taker? - A company that has to accept the price that the market sets for a good. ...

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  • January 11, 2025
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  • 2024/2025
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WGU D101 COST AND MANAGERIAL

ACCOUNTING EXAM 2024 ACTUAL

EXAM 2 VERSIONS (VERSION A AND B)

COMPLETE 400 QUESTIONS WITH

DETAILED VERIFIED ANSWERS (100%

CORRECT ANSWERS) /ALREADY

GRADED A+


What is a price taker? - ✔✔A company that has to accept the price that the

market sets for a good. They have no influence over setting the price.


What is a price maker? - ✔✔a firm possessing the power to set the price

within the market. They still need to track all costs in order to make sure

they are making an adequate return.

What is the major purpose and use of job order costing?

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©NINJANERD 2025/2026. YEAR PUBLISHED 2025.

,a. To create a system that tracks both manufacturing and period costs and

assigns both to products




b. To create a system in which manufacturing costs are tracked by period

instead of by products




c. To create a system in which manufacturing costs are accumulated by

separate product orders or batches




d. To create a system that is exclusively used by price makers and not by

price takers - ✔✔c.


Which statement is true?




a. Having accurate product or service cost information is important for both

price takers and price makers.




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©NINJANERD 2025/2026. YEAR PUBLISHED 2025.

,b. Having accurate product or service cost information is important for price

takers, but not price makers.




c. Having accurate produce or service cost information is not important for

either price takers or price makers.




d. Having accurate product or service cost information is important for price

makers, but not price takers. - ✔✔a.


Two competitors exist in the same industry. The first company has accurate

product cost information while the second company does not.

What is the reason behind why the first company is more successful than

the second?




a. With accurate job cost information, the first company can undercut the

second company's prices, thus driving the second company out of

business.




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©NINJANERD 2025/2026. YEAR PUBLISHED 2025.

, b. With accurate job cost information, the first company can set prices that

guarantee making a profit, can understand which costs need to be worked

on, and can determine which actions can be taken to make the company

more efficient and profitable.




c. With accurate job cost information, the first company can pay higher

wages to employees, thus motivating them more than the employees of the

second company.




d. With accurate job cost information, the first company can set prices

higher than the second company, thus earning higher profits. - ✔✔b.


Job order costing is appropriate when which two conditions exist?




a. Products produced are all the same, and the manufacturing processes

used to produce them are the same.




b. Products produced are distinct from each other, and the manufacturing

processes used are different for different products.

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©NINJANERD 2025/2026. YEAR PUBLISHED 2025.

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