WGU D101 2026 HEALTH POLICY AND
REGULATORY FRAMEWORK MODULE
QUESTIONS STRUCTURED REVIEW
◉ A company's actual manufacturing overhead was $156,000, and
applied manufacturing overhead was $172,000.
What should be included in the journal entry necessary to close the
manufacturing overhead account?
Debit to manufacturing overhead for $16,000.
Debit to cost of goods sold for $16,000.
Debit to cost of goods sold for $156,000.
Debit to manufacturing overhead for $156,000.
Answer: Debit to manufacturing overhead for $16,000
◉ A company that manufactures wood furniture paid $12,500 in
cash for the wages of woodworkers who create the wood furniture
in the factory.
What should be included in the journal entry necessary to record
this payment of wages to the woodworkers?
Credit to work-in-process inventory for $12,500.
Debit to work-in-process inventory for $12,500.
,Credit to manufacturing overhead for $12,500.
Debit to manufacturing overhead for $12,500.
Answer: Debit to work-in-process inventory for $12,500.
◉ Data for an art supplies company for the year are as follows:
Finished goods inventory, beginning balance
$300,000
Work-in-process inventory, ending balance
215,000
Underapplied manufacturing overhead
40,000
Finished goods inventory, ending balance
250,000
Work-in-process inventory, beginning balance
200,000
Cost of goods manufactured
685,000
What is the company's computed adjusted cost of goods sold?
$630,000
$710,000
$715,000
$775,000
, Answer: $775,000
◉ What is true about debits in the work-in-process T-account during
the period?
They are costs of goods manufactured during the period.
They are direct material costs incurred only during the period.
They are direct labor costs incurred only during the period.
They are costs put into production during the period.
Answer: They are costs put into production during the period.
◉ Which cost item does the cost of goods manufactured schedule
begin with?
The cost of materials purchased during the period.
The cost of direct labor incurred during the period.
The costs related to manufacturing overhead incurred during the
period.
The cost of materials placed into production.
Answer: The cost of materials placed into production.
◉ Data for an auto company for the year are as follows:
Total manufacturing costs
$400,000
REGULATORY FRAMEWORK MODULE
QUESTIONS STRUCTURED REVIEW
◉ A company's actual manufacturing overhead was $156,000, and
applied manufacturing overhead was $172,000.
What should be included in the journal entry necessary to close the
manufacturing overhead account?
Debit to manufacturing overhead for $16,000.
Debit to cost of goods sold for $16,000.
Debit to cost of goods sold for $156,000.
Debit to manufacturing overhead for $156,000.
Answer: Debit to manufacturing overhead for $16,000
◉ A company that manufactures wood furniture paid $12,500 in
cash for the wages of woodworkers who create the wood furniture
in the factory.
What should be included in the journal entry necessary to record
this payment of wages to the woodworkers?
Credit to work-in-process inventory for $12,500.
Debit to work-in-process inventory for $12,500.
,Credit to manufacturing overhead for $12,500.
Debit to manufacturing overhead for $12,500.
Answer: Debit to work-in-process inventory for $12,500.
◉ Data for an art supplies company for the year are as follows:
Finished goods inventory, beginning balance
$300,000
Work-in-process inventory, ending balance
215,000
Underapplied manufacturing overhead
40,000
Finished goods inventory, ending balance
250,000
Work-in-process inventory, beginning balance
200,000
Cost of goods manufactured
685,000
What is the company's computed adjusted cost of goods sold?
$630,000
$710,000
$715,000
$775,000
, Answer: $775,000
◉ What is true about debits in the work-in-process T-account during
the period?
They are costs of goods manufactured during the period.
They are direct material costs incurred only during the period.
They are direct labor costs incurred only during the period.
They are costs put into production during the period.
Answer: They are costs put into production during the period.
◉ Which cost item does the cost of goods manufactured schedule
begin with?
The cost of materials purchased during the period.
The cost of direct labor incurred during the period.
The costs related to manufacturing overhead incurred during the
period.
The cost of materials placed into production.
Answer: The cost of materials placed into production.
◉ Data for an auto company for the year are as follows:
Total manufacturing costs
$400,000
