Wgu d101 2024 - Study guides, Class notes & Summaries

WGU D101 Cost and Managerial Accounting 2024/2025 with Verified Solutions What is a price taker? - Answer -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? - Answer -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? a. To create a system...

WGU D101 Cost and Managerial Accounting Exam with complete verified solutions 2024.

WGU D101 PA REVIEW EXAM / 60 QUESTIONS, FORMULAES AND ANSWERS ALL CORRECT / 2023/2024 GRADED A+. 1) Job order costing- When is it appropriate to use job order costing? The customer has to provide the specifications of the product or service. In order to use job order costing you must be able to separate and identify each job (product) being produced. Companies that cannot specifically identifying and separate each job they use processing costing. 2) Which figures are used in computing ...

(WGU D101)ACCT 3314 COST & MANAGERIAL ACCOUNTING FINAL EXAM REVIEW Q & A 2024.(WGU D101)ACCT 3314 COST & MANAGERIAL ACCOUNTING FINAL EXAM REVIEW Q & A 2024.

What is a price taker? - correct answer 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? - correct answer 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? a. To create a system that tracks both manufacturing and period costs and assig...

WGU D101 COST AND MANAGERIAL ACCOUNTING ACTUAL QUESTIONS AND ANSWERS 2024 WITH COMPLETE SOLUTION When a movie producer receives a contract to produce movies following the specifications of the customer. Answer- When would it be appropriate to use job order costing? When an oil producer produces a large volume of regular unleaded gasoline for a gas station chain of stores. When a company provides warranty services to a group of customers using a uniform set of processes and services f...

WGU D101 PA REVIEW EXAM / 60 QUESTIONS, FORMULAES AND ANSWERS ALL CORRECT / 2023/2024 GRADED A+. 1) Job order costing- When is it appropriate to use job order costing? The customer has to provide the specifications of the product or service. In order to use job order costing you must be able to separate and identify each job (product) being produced. Companies that cannot specifically identifying and separate each job they use processing costing. 2) Which figures are used in computing a predeter...

WGU D101 PA REVIEW EXAM / 60 QUESTIONS, FORMULAES AND ANSWERS ALL CORRECT / 2023/2024 GRADED A+. 1) Job order costing- When is it appropriate to use job order costing? The customer has to provide the specifications of the product or service. In order to use job order costing you must be able to separate and identify each job (product) being produced. Companies that cannot specifically identifying and separate each job they use processing costing. 2) Which figures are used in computing ...

WGU D101 Cost and Managerial Accounting Exam with complete verified solutions 2024