WGU D196 Objective Assessment Prep (Latest 2024/ 2025 Update) Principles of Financial and Managerial Accounting- Questions and Verified Answers| 100% Correct| Grade A
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WGU D196
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WGU D196
WGU D196 Objective Assessment Prep (Latest 2024/ 2025 Update) Principles of Financial and Managerial Accounting- Questions and Verified Answers| 100% Correct| Grade A
Q: Which of the following is not an example of a cost driver?
a. Miles driven
b. Selling costs
c. Machine hours
d. Number of...
WGUID196IObjective IAssessment IPrepI (LatestI2024/I2025IUpdate)IPrinciples IofI Financial IandIManagerial IAccounting -
IQuestions IandIVerifiedIAnswers| I100%I Correct|IGradeIA Q:IWhichIofItheIfollowingIisInotIanIexampleIofIaIcostIdriver?I a.IMilesIdriven b.ISellingIcosts c.IMachineIhours d.INumberIofIcustomers Answer: b Q:IWhichIitemIisIaIperiodIcost? Manufacturing Isupplies OverheadIdirectlyItiedItoItheIproduction Ifacility RawImaterials MarketingIexpense Answer: d Q:IWhichIoverheadIallocationImethodIshouldIbeIusedIforIaItrashIbagImanufacturer? a.IProduct-lineIcosting b.IProcessIcosting c.IABCIcosting dI.IJobIorderIcosting Answer: b Q:IForIrelevantIrange,IwhichIcostsIareIapproximately IlinearIwithinIaIcertainIrangeIofIproduct
ion? a.IFixedIcosts b.IVariableIcosts c.ISteppedIcosts d.IMixedIcosts Answer: b Q:IWhichIofItheIfollowingIfocusesIonIhowIaIcompany's IactivityIlevelsIimpactIprofits? JobIorderIcosting Cost-Volume-ProfitIAnalysis OverheadIcostIallocation ProcessIcosting Answer: b Q:IWhichIoverheadIallocationImethodIshouldIbeIusedIforIaIautomobile IrepairIshop? a.IProduct-lineIcostingI b.IProcessIcostingI c.IABCIcostingI d.IJobIorderIcosting Answer: d Q:IWhatIisIanIexampleIofIindirectIlabor? a.IFactoryIsupervisors IwagesI b.ISecurityIguardIwagesI c.IMaintenance IstaffIwagesI d.IAllIofItheIaboveIareIexamplesIofIindirectIlabor Answer: d Q:IWhichIofItheIfollowingIisIanIexampleIofIanIindirectImaterial? a.ITimberIusedItoIconstructIaIhouseI b.ITheIgreaseIusedIonImachinesIthatImanufacture Iproducts c.ITheIfabricIusedItoIassembleIclothingI d.ITheIcircuitIboardIincludedIinIaIradio Answer: b Q:IWhichIofItheIfollowingIisInotIanIoperatingIexpense? a.IAdvertising IandImarketingI b.IOfficeIsupplies Ic.IUtilitiesI d.IIncomeItaxes Answer: d Q:IAIcompanyIreportsItheIfollowingIdata:I TotalIsalesIrevenueI=I$275,000I NumberIofIunitsIsoldI=I25,000IunitsI VariableIcostsI=I$100,000I IfItheIcompanyIisIoperatingIatIitsIbreak-
evenIpoint,IwhatIisItheIcompany's ItotalIcontribution Imargin?I a.I$250,000 Ib.I$175,000 Ic.I$150,000I d.I$125,000 Answer: b Q:IHowIareIperiodIcostsIreportedIonIanIincomeIstatement? a.IAsIrevenueI b.IAsIanIexpenseI c.IAsIcostIofIgoodsIsoldI d.IAsIanIasset Answer: b Q:IWhichIitemIisIanIexampleIofIaIcontrollable Icost? a.IAdvertising Icosts b.IRentIexpense c.IDepreciation d.ICustomerItastesIandIeconomicIconditions Answer: a Q:IAIcompanyIpurchasesIequipmentIwithIaInoteIpayable.IHowIdoesIthisItransaction IaffectIth
eIpayingIcompany's Iaccounting Iequation?Ia.IAssetIincreases;ILiabilityIincreasesI b.IAssetIincreases;IAssetIdecreasesI c.IAssetIincreases;IExpenseIincreasesI dI.IAssetIincreases;IEquityIdecreases Answer: a Q:IWhatIisItheIimpactIofIpayingIemployeeIwagesIonItheIaccounting Iequation? a.IIncreaseIowner'sIequityI b.IIncreaseIexpense
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