WGU D196 Verified Multiple Choice and Conceptual
Actual Final Exam Questions With Reviewed 100%
Correct Detailed Answers
Guaranteed Pass!!Current Update
1. Which item is a period cost?
Manufacturing supplies
Overhead directly tied to the production facility
Raw materials
Marketing expense - ANSWER d
2. Which overhead allocation method should be used for a trash bag manufacturer?
a. Product-line costing
b. Process costing
c. ABC costing
d. Job order costing - ANSWER b
3. For relevant range, which costs are approximately linear within a certain range of
production?
a. Fixed costs
b. Variable costs
c. Stepped costs
d. Mixed costs - ANSWER b
4. Which of the following focuses on how a company's activity levels impact profits?
,Job order costing
Cost-Volume-Profit Analysis
Overhead cost allocation
Process costing - ANSWER b
5. Which overhead allocation method should be used for a automobile repair shop?
a. Product-line costing
b. Process costing
c. ABC costing
d. Job order costing - ANSWER d
6. What is an example of indirect labor?
a. Factory supervisors wages
b. Security guard wages
c. Maintenance staff wages
d. All of the above are examples of indirect labor - ANSWER d
7. Which of the following is an example of an indirect material?
a.Timber used to construct a house
b. The grease used on machines that manufacture products
c. The fabric used to assemble clothing
d. The circuit board included in a radio - ANSWER b
8. Which of the following is not an operating expense?
a.Advertising and marketing
b.Office supplies
, c.Utilities
d. Income taxes - ANSWER d
9. A company reports the following data:
Total sales revenue = $275,000
Number of units sold = 25,000 units
Variable costs = $100,000
If the company is operating at its break-even point, what is the company's total contribution
margin?
a.$250,000
b.$175,000
c.$150,000
d. $125,000 - ANSWER b
10. How are period costs reported on an income statement?
a. As revenue
b. As an expense
c. As cost of goods sold
d. As an asset - ANSWER b
11. Which item is an example of a controllable cost?
a. Advertising costs
b. Rent expense
c. Depreciation
d. Customer tastes and economic conditions - ANSWER a
Actual Final Exam Questions With Reviewed 100%
Correct Detailed Answers
Guaranteed Pass!!Current Update
1. Which item is a period cost?
Manufacturing supplies
Overhead directly tied to the production facility
Raw materials
Marketing expense - ANSWER d
2. Which overhead allocation method should be used for a trash bag manufacturer?
a. Product-line costing
b. Process costing
c. ABC costing
d. Job order costing - ANSWER b
3. For relevant range, which costs are approximately linear within a certain range of
production?
a. Fixed costs
b. Variable costs
c. Stepped costs
d. Mixed costs - ANSWER b
4. Which of the following focuses on how a company's activity levels impact profits?
,Job order costing
Cost-Volume-Profit Analysis
Overhead cost allocation
Process costing - ANSWER b
5. Which overhead allocation method should be used for a automobile repair shop?
a. Product-line costing
b. Process costing
c. ABC costing
d. Job order costing - ANSWER d
6. What is an example of indirect labor?
a. Factory supervisors wages
b. Security guard wages
c. Maintenance staff wages
d. All of the above are examples of indirect labor - ANSWER d
7. Which of the following is an example of an indirect material?
a.Timber used to construct a house
b. The grease used on machines that manufacture products
c. The fabric used to assemble clothing
d. The circuit board included in a radio - ANSWER b
8. Which of the following is not an operating expense?
a.Advertising and marketing
b.Office supplies
, c.Utilities
d. Income taxes - ANSWER d
9. A company reports the following data:
Total sales revenue = $275,000
Number of units sold = 25,000 units
Variable costs = $100,000
If the company is operating at its break-even point, what is the company's total contribution
margin?
a.$250,000
b.$175,000
c.$150,000
d. $125,000 - ANSWER b
10. How are period costs reported on an income statement?
a. As revenue
b. As an expense
c. As cost of goods sold
d. As an asset - ANSWER b
11. Which item is an example of a controllable cost?
a. Advertising costs
b. Rent expense
c. Depreciation
d. Customer tastes and economic conditions - ANSWER a
