WGU D101 COST AND MANAGERIAL ACCOUNTING EXAM
WITH 100% CORRECT AND VERIFIED ANSWERS
Correct 109
100%
Incorrect 00
Your answers
, 1 of 109
Term
The security safeguards implemented to protect the manufacturing
facility are an example of which type of ABC support activity?
a. Batch activity
b. Facility support activity
c. Product line activity
d. Unit activity
Give this one a try later!
b. Correct! The security safeguards implemented to protect the
manufacturing facility are an example of a facility support activity.
d. Correct! The correct formula for calculating the target level of income is as
follows: Step 1: (Fixed costs + target level net income) divided by the contribution
margin per unit [($100,000 + $200,000)/25 = 12,000]. Step 2: Multiply that answer by
the selling price per unit (12,000 × $50 = $600,000).
b. Correct! The relevant range is the range over which the variable cost per
unit stays the same and the fixed cost remains the same in total.
d. Correct! The depreciation of the factory is an example of an ABC facility support
activity.
Don't know?
, 2 of 109
Term
A company is using process costing, which cost step should be
followed?
a.Calculate the manufacturing overhead costs for each product
b. Calculate the direct labor costs for each product
c. Calculate the direct materials costs for each product
d. Calculate the average cost using total manufacturing costs for
each product
Give this one a try later!
c. Correct! The number of boxes shipped to customers throughout the year is the
appropriate cost driver in this situation as the company's objective is to
determine the best way to allocate the warehouse person's annual costs to each
customer
order shipped during the year.
b.
d.
a.
Don't know?
, 3 of 109
Term
Which statement accurately describes the cost of goods transferred
out?
a.The cost of goods transferred out to finished goods is the sum of the
goods in only one process but not in all periods.
b.The cost of goods transferred out to finished goods is the sum of the
costs to make the finished goods in all processes, both in the current
or prior period.
c.The cost of goods transferred out to finished goods is the sum of the
costs to make the finished goods in all processes only in the prior
periods.
d.The cost of goods transferred out to finished goods is the sum of the
costs to make the finished goods in all processes only in the current
period.
Give this one a try later!
b. Correct! The conversion costs in the ending work-in-process inventory at the end
of the current period is calculated by taking the conversion cost per equivalent unit
during the current period and multiplying it by the conversion equivalent units in
the ending work-in-process inventory.
WITH 100% CORRECT AND VERIFIED ANSWERS
Correct 109
100%
Incorrect 00
Your answers
, 1 of 109
Term
The security safeguards implemented to protect the manufacturing
facility are an example of which type of ABC support activity?
a. Batch activity
b. Facility support activity
c. Product line activity
d. Unit activity
Give this one a try later!
b. Correct! The security safeguards implemented to protect the
manufacturing facility are an example of a facility support activity.
d. Correct! The correct formula for calculating the target level of income is as
follows: Step 1: (Fixed costs + target level net income) divided by the contribution
margin per unit [($100,000 + $200,000)/25 = 12,000]. Step 2: Multiply that answer by
the selling price per unit (12,000 × $50 = $600,000).
b. Correct! The relevant range is the range over which the variable cost per
unit stays the same and the fixed cost remains the same in total.
d. Correct! The depreciation of the factory is an example of an ABC facility support
activity.
Don't know?
, 2 of 109
Term
A company is using process costing, which cost step should be
followed?
a.Calculate the manufacturing overhead costs for each product
b. Calculate the direct labor costs for each product
c. Calculate the direct materials costs for each product
d. Calculate the average cost using total manufacturing costs for
each product
Give this one a try later!
c. Correct! The number of boxes shipped to customers throughout the year is the
appropriate cost driver in this situation as the company's objective is to
determine the best way to allocate the warehouse person's annual costs to each
customer
order shipped during the year.
b.
d.
a.
Don't know?
, 3 of 109
Term
Which statement accurately describes the cost of goods transferred
out?
a.The cost of goods transferred out to finished goods is the sum of the
goods in only one process but not in all periods.
b.The cost of goods transferred out to finished goods is the sum of the
costs to make the finished goods in all processes, both in the current
or prior period.
c.The cost of goods transferred out to finished goods is the sum of the
costs to make the finished goods in all processes only in the prior
periods.
d.The cost of goods transferred out to finished goods is the sum of the
costs to make the finished goods in all processes only in the current
period.
Give this one a try later!
b. Correct! The conversion costs in the ending work-in-process inventory at the end
of the current period is calculated by taking the conversion cost per equivalent unit
during the current period and multiplying it by the conversion equivalent units in
the ending work-in-process inventory.
