Exam (elaborations)
WGU D196 EXAM QUESTIONS AND ANSWERS 2024
- Course
- Institution
WGU D196 EXAM QUESTIONS AND ANSWERS 2024
[Show more]
Content preview
WGU D196 EXAM1. Which label is given to the cost of wages for factory supervisors?
a. Direct labor
b.Direct materials
c. Manufacturing overhead
d. Administrative expenses - ANSWERS-c
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% - ANSWERS-d
3. If overhead is underapplied, which statement is true?
a.Actual costs exceed applied costs
b.Applied costs exceed actual costs
c.Costs will not be affected
d. Budgeted and applied costs will be equal - ANSWERS-a
,4. Which of the following is not an example of a cost driver?
a.Miles driven
b.Selling costs
c.Machine hours
d. Number of customers - ANSWERS-b
5. Which item is a period cost?
Manufacturing supplies
Overhead directly tied to the production facility
Raw materials
Marketing expense - ANSWERS-d
6. Which overhead allocation method should be used for a trash bag
manufacturer?
a. Product-line costing
b. Process costing
c. ABC costing
d . Job order costing - ANSWERS-b
,7. For relevant range, which costs are approximately linear within a certain range
of production?
a. Fixed costs
b. Variable costs
c. Stepped costs
d. Mixed costs - ANSWERS-b
8. Which of the following focuses on how a company's activity levels impact
profits?
Job order costing
Cost-Volume-Profit Analysis
Overhead cost allocation
Process costing - ANSWERS-b
9. Which overhead allocation method should be used for a automobile repair
shop?
a. Product-line costing
b. Process costing
c. ABC costing
d. Job order costing - ANSWERS-d
10. What is an example of indirect labor?
a. Factory supervisors wages
, b. Security guard wages
c. Maintenance staff wages
d. All of the above are examples of indirect labor - ANSWERS-d
11. Which budget should include all production costs other than those for direct
materials and direct labor?
A.Sales budget
B.Direct materials budget
C.Manufacturing overhead budget
D. Production budget - ANSWERS-c
12. Which account is a common asset account?
A.Accounts payables
B.Equity
C.Accounts receivable
D. Utilities Expense - ANSWERS-c
13 .On which financial statement would you see the valuation of a company's
asset accounts?
a.Statement of Cash Flows
b.Balance Sheet
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 Teacher101. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $17.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
85443 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now