WGU D101 Managerial Accounting – 2024 Exam Questions with Verified Answers

WGU D101 MANAGERIAL
ACCOUNTING EXAM
2024 QUESTIONS WITH
VERIFIED ANSWERS

, WGU D101 MANAGERIAL ACCOUNTING EXAM 2024
QUESTIONS WITH VERIFIED ANSWERS

- - Answer --Sales revenue
-Cost of good sold
=Gross margin
-Selling and administrative expense
=Operating income
-Interest expense
=Net income before tax
-Income taxes
Net income after tax

(Sales Price x units) -(Variable Costs) - Fixed costs - - Answer --Target Income=

$132,000 - - Answer --A company reported the following data:
Sales $240,000 (20,000 units)
Variable operating costs $80,000
Contribution margin $160,000
Fixed operating costs $72,000
What is this company's margin of safety in sales dollars using these data?

$132,000
$142,000
$152,000
$160,000

$200,000 U - - Answer --An auto company reports these cost data:
Actual Results
Total labor cost: $1,140,000
Number of units produced: 10,000
Number of labor hours worked: 24,000
The company has established these standards:
Number of labor hours to produce one unit: 2
Standard labor rate: $50
What is the labor efficiency variance?
You Selected
$60,000 F
$60,000 U
$200,000 F
$200,000 U

$3,000 U - - Answer --A toy company reports these cost data:
Actual Results
Total manufacturing overhead: $35,000
Number of units produced: 3,000
Number of labor hours worked: 8,000
The company has established these standards: