WGU C253 Managerial Accounting Final Exam Questions
With 00% Correct Answers | Newest Update 2026/2027 (100%
Assured Pass)
1)determining product selling prices
2)reducing direct labor costs
3)determining spoilage - Answer A company will use managerial reports to help with all
of the following...
Income Tax Expense - Answer Managerial reports include information regarding all of
the following except...
1)factory overhead 2)direct labor
3)direct materials - Answer All of the following are considered manufacturing costs...
Flour - Answer Which of the following would not be considered a conversion cost by a
baking company?
salaries of production supervisors - Answer Which of the following would be classified
as an indirect cost by a baking company?
cost of materials placed in production
(+) direct labor
(+)
factory overhead
(+)
finished goods inventory
(-)
work in progress - Answer Cost of Goods Sold problem
75%...
(3375x1)=3375
(150x30)=4500
3375/4500=75% - Answer Super Sleep Hotel is a single hotel with 150 rooms. During
the month of September, the hotel had 3,375 guests, who each stayed a single night.
What is the occupancy rate for September?
, utilization - Answer The measure that captures the use of a fixed asset in serving
customers relative to the asset's capacity is known as the __________ rate.
True - Answer Prime costs are the combination of direct materials and direct labor costs.
True - Answer On the balance sheet for a manufacturing business, the cost of direct
materials, direct labor, and factory overhead are categorized as either materials
inventory, work in process inventory, or finished goods inventory.
factory heating and lighting costs - Answer Which of the following is an example of a
factory overhead cost?
Factory supervisor - Answer Which of the following positions would have a salary or
wage that is classified as a factory overhead cost by a baking company?
baker - Answer Which of the following positions would have a salary or wage that is
classified as a direct labor cost by a baking company?
a statement of stockholder's equity - Answer Which of the following would be least likely
to be considered a managerial accounting report?
Service companies require a physical production site - Answer Which of the following
statements regarding the differences between managerial accounting applications for
manufacturing and service companies is not true?
direct labor cost - Answer The cost of wages paid to employees directly involved in the
manufacturing process in converting materials into finished products is classified as...
False - Answer Labor costs that are directly traceable to the product are part of factory
overhead.
neither direct nor indirect - Answer (i/d) insurance expired on administrative facilities
direct - Answer (i/d) product assembly labor incurred
With 00% Correct Answers | Newest Update 2026/2027 (100%
Assured Pass)
1)determining product selling prices
2)reducing direct labor costs
3)determining spoilage - Answer A company will use managerial reports to help with all
of the following...
Income Tax Expense - Answer Managerial reports include information regarding all of
the following except...
1)factory overhead 2)direct labor
3)direct materials - Answer All of the following are considered manufacturing costs...
Flour - Answer Which of the following would not be considered a conversion cost by a
baking company?
salaries of production supervisors - Answer Which of the following would be classified
as an indirect cost by a baking company?
cost of materials placed in production
(+) direct labor
(+)
factory overhead
(+)
finished goods inventory
(-)
work in progress - Answer Cost of Goods Sold problem
75%...
(3375x1)=3375
(150x30)=4500
3375/4500=75% - Answer Super Sleep Hotel is a single hotel with 150 rooms. During
the month of September, the hotel had 3,375 guests, who each stayed a single night.
What is the occupancy rate for September?
, utilization - Answer The measure that captures the use of a fixed asset in serving
customers relative to the asset's capacity is known as the __________ rate.
True - Answer Prime costs are the combination of direct materials and direct labor costs.
True - Answer On the balance sheet for a manufacturing business, the cost of direct
materials, direct labor, and factory overhead are categorized as either materials
inventory, work in process inventory, or finished goods inventory.
factory heating and lighting costs - Answer Which of the following is an example of a
factory overhead cost?
Factory supervisor - Answer Which of the following positions would have a salary or
wage that is classified as a factory overhead cost by a baking company?
baker - Answer Which of the following positions would have a salary or wage that is
classified as a direct labor cost by a baking company?
a statement of stockholder's equity - Answer Which of the following would be least likely
to be considered a managerial accounting report?
Service companies require a physical production site - Answer Which of the following
statements regarding the differences between managerial accounting applications for
manufacturing and service companies is not true?
direct labor cost - Answer The cost of wages paid to employees directly involved in the
manufacturing process in converting materials into finished products is classified as...
False - Answer Labor costs that are directly traceable to the product are part of factory
overhead.
neither direct nor indirect - Answer (i/d) insurance expired on administrative facilities
direct - Answer (i/d) product assembly labor incurred
