WGU D101 COST AND MANAGERIAL
ACCOUNTING EXAM WITH STUDY GUIDE
COMBINED EXAM QUESTIONS WITH
VERIFIED SOLUTIONS 2025/2026 NEWEST
MODIFIED
Which type of company should use job order costing?
a. Air filter manufacturer
b. Soda bottler
c. Paper towel manufacturer
d. Commercial aircraft manufacturer -- ANSWER--d.
What is a condition to using job order costing?
a. Tracking total direct materials for a given period of time
b. Having no manufacturing overhead assigned to the product cost
c. Tracking total direct labor costs for a period of time
d. Identifying each specific job or product manufactured -- ANSWER--d.
Which costs should be assigned to each product under a job order costing
system?
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,a. Direct materials, direct labor, and manufacturing overhead
b. Direct labor, manufacturing overhead, and administrative expenses
c. Direct materials, direct labor, and administrative expenses
d. Manufacturing overhead, administrative expenses, and depreciation of office
buildings -- ANSWER--a.
Which company should use a job ordering costing system?
a. Manufacturer of custom furniture
b. Manufacturer of paint
c. Food processing plant
d. Loan processing firm -- ANSWER--a.
The profitability of each separate job or product can only be tracked using
which product costing system?
a. Process costing
b. Average unit costing
c. Profitability costing
d. Job order costing -- ANSWER--d.
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,In completing its job order costing journal entries, ABC Company's accountants
made a credit entry to finished goods inventory.
When is this entry made?
a. When work-in-process inventory is transferred to finished goods inventory
b. When finished goods inventory is sold
c. When the cost of goods manufactured is being calculated
d. When manufacturing overhead costs are applied to products being made --
ANSWER--b.
Which account are the costs of the raw materials, direct labor, and
miscellaneous manufacturing overhead transferred to when the product is being
manufactured?
a. Finished goods inventory
b. Cost of goods sold
c. Work-in-process inventory
d. Direct materials -- ANSWER--c.
When manufacturing is completed on specific products, their costs are
transferred to which account?
a. Cost of goods sold
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, b. Work-in-process inventory
c. Finished goods inventory
d. Direct materials -- ANSWER--c.
The cost of which items should be included as a manufacturing overhead cost?
a. The wages of employees who work on production lines
b. The raw materials used in the finishing department
c. The direct materials used to make a product
d. The wages of factory custodians -- ANSWER--d.
The glue and nails used in a manufacturing process should be included in which
cost?
a. Administrative costs
b. Manufacturing overhead costs
c. Prepaid supplies
d. Direct materials costs -- ANSWER--b.
The purchase of raw materials on open account is recorded by which journal
entry?
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ACCOUNTING EXAM WITH STUDY GUIDE
COMBINED EXAM QUESTIONS WITH
VERIFIED SOLUTIONS 2025/2026 NEWEST
MODIFIED
Which type of company should use job order costing?
a. Air filter manufacturer
b. Soda bottler
c. Paper towel manufacturer
d. Commercial aircraft manufacturer -- ANSWER--d.
What is a condition to using job order costing?
a. Tracking total direct materials for a given period of time
b. Having no manufacturing overhead assigned to the product cost
c. Tracking total direct labor costs for a period of time
d. Identifying each specific job or product manufactured -- ANSWER--d.
Which costs should be assigned to each product under a job order costing
system?
Page 1 of 77
,a. Direct materials, direct labor, and manufacturing overhead
b. Direct labor, manufacturing overhead, and administrative expenses
c. Direct materials, direct labor, and administrative expenses
d. Manufacturing overhead, administrative expenses, and depreciation of office
buildings -- ANSWER--a.
Which company should use a job ordering costing system?
a. Manufacturer of custom furniture
b. Manufacturer of paint
c. Food processing plant
d. Loan processing firm -- ANSWER--a.
The profitability of each separate job or product can only be tracked using
which product costing system?
a. Process costing
b. Average unit costing
c. Profitability costing
d. Job order costing -- ANSWER--d.
Page 2 of 77
,In completing its job order costing journal entries, ABC Company's accountants
made a credit entry to finished goods inventory.
When is this entry made?
a. When work-in-process inventory is transferred to finished goods inventory
b. When finished goods inventory is sold
c. When the cost of goods manufactured is being calculated
d. When manufacturing overhead costs are applied to products being made --
ANSWER--b.
Which account are the costs of the raw materials, direct labor, and
miscellaneous manufacturing overhead transferred to when the product is being
manufactured?
a. Finished goods inventory
b. Cost of goods sold
c. Work-in-process inventory
d. Direct materials -- ANSWER--c.
When manufacturing is completed on specific products, their costs are
transferred to which account?
a. Cost of goods sold
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, b. Work-in-process inventory
c. Finished goods inventory
d. Direct materials -- ANSWER--c.
The cost of which items should be included as a manufacturing overhead cost?
a. The wages of employees who work on production lines
b. The raw materials used in the finishing department
c. The direct materials used to make a product
d. The wages of factory custodians -- ANSWER--d.
The glue and nails used in a manufacturing process should be included in which
cost?
a. Administrative costs
b. Manufacturing overhead costs
c. Prepaid supplies
d. Direct materials costs -- ANSWER--b.
The purchase of raw materials on open account is recorded by which journal
entry?
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