WGU D101 UNIT EXAM TEST WITH 100% CORRECT AND
VERIFIED ANSWERS
Correct 81
100%
Incorrect 00
Your answers
1 of
81
Definition
The costs to complete direct materials in beginning work - in - process
inventory are added to the costs to complete conversion of the
beginning work - in - process , and the total is added to the total costs
of the started and completed inventory for the period .
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, Implementation of an ABC system requires that each individual overhead cost be
analyzed to determine which fraction of that cost is caused by each identified
overhead cost activity .
What is the total cost of the soft drink company's units completed and transferred
out this period?
The beginning inventory for a company is 100 units at 30 % complete . A
total of 5,000 units were started and completed during the period .
Ending inventory is 400 units at 60 % complete .
How much is the company's equivalent units for the period ?
When computing the costs transferred out of a department or processing
center , which of the following is true ?
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2 of 81
Term
Which costs are included in the computation of total manufacturing
costs?
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Raw materials purchased, Cost of goods sold, overapplied
indirect labor, and actual manufacturing overhead, and direct
manufacturing overhead labor
, Direct materials, direct labor, Raw materials purchased,
and applied overapplied manufacturing overhead,
manufacturing overhead and indirect labor
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3 of 81
Term
What is the name of the cost associated with the completed units ?
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Cost of goods sold Cost of goods manufactured
Cost of goods available for sale Cost of services provided
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4 of 81
Term
In which case is it appropriate to use job costing?
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, When a company supports more than When rental costs are allocated
one product line among various product lines
When the activities performed
When the costs of outsourcing
in each process center are
exceed the benefits
different for all units produced
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5 of 81
Term
Which of the following are always considered 100 % complete when
calculating equivalent units ?
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Units partially completed during the Units started and completed
period during the period .
Units transferred out but
Units in beginning inventory not completed
Don't know?
6 of 81
VERIFIED ANSWERS
Correct 81
100%
Incorrect 00
Your answers
1 of
81
Definition
The costs to complete direct materials in beginning work - in - process
inventory are added to the costs to complete conversion of the
beginning work - in - process , and the total is added to the total costs
of the started and completed inventory for the period .
Give this one a try later!
, Implementation of an ABC system requires that each individual overhead cost be
analyzed to determine which fraction of that cost is caused by each identified
overhead cost activity .
What is the total cost of the soft drink company's units completed and transferred
out this period?
The beginning inventory for a company is 100 units at 30 % complete . A
total of 5,000 units were started and completed during the period .
Ending inventory is 400 units at 60 % complete .
How much is the company's equivalent units for the period ?
When computing the costs transferred out of a department or processing
center , which of the following is true ?
Don't know?
2 of 81
Term
Which costs are included in the computation of total manufacturing
costs?
Give this one a try later!
Raw materials purchased, Cost of goods sold, overapplied
indirect labor, and actual manufacturing overhead, and direct
manufacturing overhead labor
, Direct materials, direct labor, Raw materials purchased,
and applied overapplied manufacturing overhead,
manufacturing overhead and indirect labor
Don't know?
3 of 81
Term
What is the name of the cost associated with the completed units ?
Give this one a try later!
Cost of goods sold Cost of goods manufactured
Cost of goods available for sale Cost of services provided
Don't know?
4 of 81
Term
In which case is it appropriate to use job costing?
Give this one a try later!
, When a company supports more than When rental costs are allocated
one product line among various product lines
When the activities performed
When the costs of outsourcing
in each process center are
exceed the benefits
different for all units produced
Don't know?
5 of 81
Term
Which of the following are always considered 100 % complete when
calculating equivalent units ?
Give this one a try later!
Units partially completed during the Units started and completed
period during the period .
Units transferred out but
Units in beginning inventory not completed
Don't know?
6 of 81
