100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
WGU D196 OBJECTIVE ASSESMENT & PREASSESSMENT EXAM QUESTION BANK LATEST ALL 350 QUESTIONS AND CORRECT ANSWERS JUST RELEASED| click on ALSO AVAILABLE IN PACKAGE DEAL. You'll get more for less!" £16.43
Add to cart
Quickly navigate to
Preview
  2.  
  3. WGU D196
  4.  
  5. WGU D196

Exam (elaborations)

WGU D196 OBJECTIVE ASSESMENT & PREASSESSMENT EXAM QUESTION BANK LATEST ALL 350 QUESTIONS AND CORRECT ANSWERS JUST RELEASED| click on ALSO AVAILABLE IN PACKAGE DEAL. You'll get more for less!"

2 reviews
 64 views  1 purchase
  • Module
  • WGU D196
  • Institution
  • WGU D196

click on ALSO AVAILABLE IN PACKAGE DEAL. You'll get more for less!" Great news! Discover affordable options that don’t compromise on quality. Explore our fantastic deals and enjoy extra details that make your shopping experience even better using OUR PACKAGE OFFERS. Happy shopping!

Last document update: 2 months ago

Preview 4 out of 144  pages

Document information

  • July 3, 2024
  • October 2, 2024
  • 144
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

  • wgu d196
  • wgu d196 oa
  • wgu d196 objective
  • wgu d196
  • wgu d196
  • wgu d196 objective assesment preassessment exam
  • wgu d196 objective assesment

Written for

  • WGU D196
  • WGU D196

2  reviews

review-writer-avatar

By: natalieteabo • 2 months ago

reply-writer-avatar

By: STUVIAGRADES • 2 months ago

Thank you so much

review-writer-avatar

By: Essiebrown04 • 5 months ago

Seller

avatar-seller
STUVIAGRADES

Reviews received

Content preview

Page 1 of 144




WGU D196 OBJECTIVE ASSESMENT & PREASSESSMENT EXAM
QUESTION BANK LATEST 2024-2025 ALL 350 QUESTIONS AND
CORRECT ANSWERS JUST RELEASED
WGU D196 OBJECTIVE ASSESMENT

QUESTION: 1. Which label is given to the cost of wages for factory supervisors?

a. Direct labor

b.Direct materials

c. Manufacturing overhead

d. Administrative expenses - ANSWER-c




QUESTION: 2. A company reports the following data: Price per unit = $20 Variable costs per unit
= $12 Fixed costs = $12,000 Given these data, what is the variable cost ratio?

a. 40%

b. 25%

c. 16%

d. 60% - ANSWER-d




QUESTION: 3. If overhead is underapplied, which statement is true?

a.Actual costs exceed applied costs


1

,Page 2 of 144




b.Applied costs exceed actual costs

c.Costs will not be affected

d. Budgeted and applied costs will be equal - ANSWER-a




QUESTION: 4. What is the final step in the accounting cycle?

a.Summarize the effects of transactions

b.Analyze transactions

c.Prepare reports

d.Record the effects of transactions - ANSWER-c




QUESTION: 5. Which of the following is not an example of a transaction?

a.Receive cash in payment of an invoice

b.Purchase an asset from a supplier

c.Sale on credit to a customer

d. Preparing financial statements - ANSWER-d




QUESTION: 6. On which financial statement would you see cash flows from financing activities?

a.Statement of Cash Flows



2

,Page 3 of 144




b.Balance Sheet

c.Income Statement

d.Statement of Retained Earnings - ANSWER-d




QUESTION: 7. Whose job is it to make sure that investors are provided with full and fair
information about publicly traded companies?

FASB

AICPA

IASB

SEC - ANSWER-d




QUESTION: 8. How does a classified balance sheet provide useful information to a decision
maker?

a.It distinguishes between current and long-term assets

b.It provides data that are not publicly disclosed

c.It distinguishes liabilities from expenses

D. It provides data for a period of time instead of as a point in time - ANSWER-a




3

, Page 4 of 144




QUESTION: 9. In some companies, the performance measures for profit center managers are
heavily influenced by cost allocations downward from organizational units (such as company
headquarters). Why is this a mistake?

a.Controllable costs should not be included in the performance evaluation measure of a profit
center manager

b.Revenues should not be included in the performance evaluation measure of a profit center
manager

c.Uncontrollable costs should not be included in the performance evaluation measure of a
profit center manager

d. Direct costs should not be included in the performance evaluation measure of a profit center
manager - ANSWER-c




QUESTION: 10. Which is an example of a product cost?

a.Non-manufacturing personnel costs

b.Rent Expense

c.Office Supplies

d. Raw materials to make a product - ANSWER-d




11. Which budget should include all production costs other than those for direct materials and
direct labor?

A.Sales budget

4

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller STUVIAGRADES. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for £16.43. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

53068 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now

Start selling
£16.43  1x  sold
  • (2)
Add to cart
Added