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WGU Accounting-for-Decision-Makers Exam Syllabus Topics:

WGU Accounting for Decision Makers C213 VAC2 Sample Questions:

1. What would be the appropriate cost driver to allocate overhead for a call center?

A) Total sales dollars
B) Number of customer contacts
C) Number of labor hours
D) Total material cost

2. A company has three product lines and has historically used the traditional costing system to allocate overhead costs to each product line. Due to significant differences in the production processes for the three product lines, the company implemented an activity-based costing study and identified the activity-based cost for each product, as shown in the following table.
Product A
Product B
Product C
Traditional cost per unit
$558
$1,375
$1,211
Activity-based cost per unit
$675
$1,585
$1,350
Selling price per unit
$650
$1,450
$1,300
What do these data points reveal about the selling price of this company's products?

A) The selling price for only Product B should increase
B) The selling price should increase for all three products
C) The selling price for only Products A and C should increase
D) No change should be made to the selling price

3. What are two examples of product costs?
Choose 2 answers.

A) Direct labor
B) Raw materials
C) Selling and administrative expenses
D) Period expenses

4. Which ratio provides a measure of how well a company turns sales into profits?

A) Return on costs
B) Return on sales
C) Return on expenses
D) Return on profit

5. What can be determined when a firm performs an external audit of a company's financial statements?

A) Whether a company's financial statements were prepared by a trained bookkeeper
B) Whether a company's financial statements indicate it made a profit
C) Whether a company's financial statements indicate that the company has to pay income taxes
D) Whether a company's financial statements fairly reflect its financial position

Solutions: