WGU D196 EXAM TEST BANK FOR OA AND PRE-
m m m m m m m m
ASSESSMENT REVIEW / D196 PRACTICE EXAM | m m m m m m m
COMPLETE 2025 ACTUAL EXAM WITH CORRECT m m m m m m
VERIFIED ANSWERS | GUARANTEED A+ EXAMm m m m m
Excellence
How do revenues and expenses fit into the accounting equation? -
m m m m m m m m m m
✔✔✔ Correct Answer > Revenues minus expenses equals net income,
m m m m m m m m m
m which is part of owners' equity.
m m m m m
Which overhead allocation method should be used for a trash bag man
m m m m m m m m m m m
ufacturer? - ✔✔✔ Correct Answer > Process Costing
m m m m m m m
How does a classified balance sheet provide useful information to
m m m m m m m m m m
a decision maker? -
m m m
✔✔✔ Correct Answer > It distinguishes between current and lon
m m m m m m m m m m
g-term assets. m
,What is the name of the account that shows the distribution of net inc
m m m m m m m m m m m m m
ome (earnings) to the owners of a business? - ✔✔✔ Correct Answer
m m m m m m m m m m m
> Dividends
m
Which of the following is not an example of a transaction? - ✔✔✔
m m m m m m m m m m m m
Correct Answer > Preparing financial statements
m m m m m
On which financial statement would you see cash flows from financing
m m m m m m m m m m m
activities? - ✔✔✔ Correct Answer > Statement of Cash Flows
m m m m m m m m m
A transaction involving the payment of dividends to the owners reduce
m m m m m m m m m m
s which part of the accounting equation? -
m m m m m m m
m ✔✔✔ Correct Answer > Owners' equity
m m m m m
What is the final step in the accounting cycle? -
m m m m m m m m m
✔✔✔ Correct Answer > Preparing Reports
m m m m m m
,Whose job is it to make sure that investors are provided with full and f
m m m m m m m m m m m m m m
air information about publicly traded companies? -
m m m m m m
m ✔✔✔ Correct Answer > SEC
m m m m
In some companies, the performance measure for profit center manag
m m m m m m m m m
ers is heavily influenced by cost allocations downwards from organizati
m m m m m m m m m
onal units (such as company headquarters). Why is this a mistake? -
m m m m m m m m m m m
✔✔✔ Correct Answer > Uncontrollable costs should not be included i
m m m m m m m m m m m
n the performance evaluation measure of a profit center manager.
m m m m m m m m m
Which is an examples of a product cost? -
m m m m m m m m
✔✔✔ Correct Answer > Raw materials to make a product.
m m m m m m m m m m
Which label is given to the cost of wages for factory supervisors? -
m m m m m m m m m m m m
✔✔✔ Correct Answer > Manufacturing Overhead
m m m m m
A company reports the following data:
m m m m m
m Price/unit = $20 m m
, Variable costs/unit = $12 Fixe
m m m m
d costs = $12,000
m m m
Given this data, what is the variable cost ratio? - ✔✔✔ Correct Answer
m m m m m m m m m m m m
> 60%
m
If overhead is underapplied, which statement is true? -
m m m m m m m m
✔✔✔ Correct Answer > Actual costs exceed applied costs.
m m m m m m m m m
Which of the following is NOT an example of a cost driver? - ✔✔✔
m m m m m m m m m m m m m
Correct Answer > Selling costs
m m m m
Which item is a period cost? -
m m m m m m
✔✔✔ Correct Answer > Marketing expense
m m m m m m
For the relevant range, which costs are approximately linear within a c
m m m m m m m m m m m
ertain range of production? - ✔✔✔ Correct Answer > Variable Costs
m m m m m m m m m m
m m m m m m m m
ASSESSMENT REVIEW / D196 PRACTICE EXAM | m m m m m m m
COMPLETE 2025 ACTUAL EXAM WITH CORRECT m m m m m m
VERIFIED ANSWERS | GUARANTEED A+ EXAMm m m m m
Excellence
How do revenues and expenses fit into the accounting equation? -
m m m m m m m m m m
✔✔✔ Correct Answer > Revenues minus expenses equals net income,
m m m m m m m m m
m which is part of owners' equity.
m m m m m
Which overhead allocation method should be used for a trash bag man
m m m m m m m m m m m
ufacturer? - ✔✔✔ Correct Answer > Process Costing
m m m m m m m
How does a classified balance sheet provide useful information to
m m m m m m m m m m
a decision maker? -
m m m
✔✔✔ Correct Answer > It distinguishes between current and lon
m m m m m m m m m m
g-term assets. m
,What is the name of the account that shows the distribution of net inc
m m m m m m m m m m m m m
ome (earnings) to the owners of a business? - ✔✔✔ Correct Answer
m m m m m m m m m m m
> Dividends
m
Which of the following is not an example of a transaction? - ✔✔✔
m m m m m m m m m m m m
Correct Answer > Preparing financial statements
m m m m m
On which financial statement would you see cash flows from financing
m m m m m m m m m m m
activities? - ✔✔✔ Correct Answer > Statement of Cash Flows
m m m m m m m m m
A transaction involving the payment of dividends to the owners reduce
m m m m m m m m m m
s which part of the accounting equation? -
m m m m m m m
m ✔✔✔ Correct Answer > Owners' equity
m m m m m
What is the final step in the accounting cycle? -
m m m m m m m m m
✔✔✔ Correct Answer > Preparing Reports
m m m m m m
,Whose job is it to make sure that investors are provided with full and f
m m m m m m m m m m m m m m
air information about publicly traded companies? -
m m m m m m
m ✔✔✔ Correct Answer > SEC
m m m m
In some companies, the performance measure for profit center manag
m m m m m m m m m
ers is heavily influenced by cost allocations downwards from organizati
m m m m m m m m m
onal units (such as company headquarters). Why is this a mistake? -
m m m m m m m m m m m
✔✔✔ Correct Answer > Uncontrollable costs should not be included i
m m m m m m m m m m m
n the performance evaluation measure of a profit center manager.
m m m m m m m m m
Which is an examples of a product cost? -
m m m m m m m m
✔✔✔ Correct Answer > Raw materials to make a product.
m m m m m m m m m m
Which label is given to the cost of wages for factory supervisors? -
m m m m m m m m m m m m
✔✔✔ Correct Answer > Manufacturing Overhead
m m m m m
A company reports the following data:
m m m m m
m Price/unit = $20 m m
, Variable costs/unit = $12 Fixe
m m m m
d costs = $12,000
m m m
Given this data, what is the variable cost ratio? - ✔✔✔ Correct Answer
m m m m m m m m m m m m
> 60%
m
If overhead is underapplied, which statement is true? -
m m m m m m m m
✔✔✔ Correct Answer > Actual costs exceed applied costs.
m m m m m m m m m
Which of the following is NOT an example of a cost driver? - ✔✔✔
m m m m m m m m m m m m m
Correct Answer > Selling costs
m m m m
Which item is a period cost? -
m m m m m m
✔✔✔ Correct Answer > Marketing expense
m m m m m m
For the relevant range, which costs are approximately linear within a c
m m m m m m m m m m m
ertain range of production? - ✔✔✔ Correct Answer > Variable Costs
m m m m m m m m m m
