WGU D101 Cost and Managerial Accounting
Latest 2026/2027 FINAL Assessment Exam
Complete Questions and Answers OA |Already
Graded A
Question 1: Which of the following should be included as manufacturing overhead cost?
The wages of employees who work on production lines
The raw materials used in the finishing department
The direct materials used to make a product
The wages of factory custodians
Question 2: The glue and nails used in a manufacturing process should be included in which cost
category?
Administrative costs
Manufacturing overhead costs
Prepaid supplies
Direct materials costs
Question 3: How is the purchase of raw materials on open account recorded?
Debit to accounts payable
Credit to raw materials inventory
Credit to work-in-process inventory
Debit to raw materials inventory
, Question 4: Which journal entry is used to record payment of factory rent in cash?
Debit to finished goods inventory
Debit to cost of goods sold
Debit to work-in-process inventory
Debit to manufacturing overhead
Question 5: What is the manufacturing overhead rate that is applied to work-in-process during
manufacturing?
An estimate based on expected overhead and machine/labor hours
The actual costs of manufacturing overhead components
An estimate based on actual costs divided by products made
The actual costs of manufacturing overhead divided by total products
Question 6: In a job order costing system, what does a debit to work-in-process inventory and a credit
to salaries and wages payable represent?
Recognizing total labor costs
Applying indirect labor costs to work-in-process inventory
Assigning direct labor costs to products being manufactured
Payment of salaries to factory employees
Question 7: In a job order costing system, what does a debit to manufacturing overhead and a credit
to salaries and wages payable represent?
Recording indirect labor costs to manufacturing overhead
Paying the salaries of indirect laborers
Latest 2026/2027 FINAL Assessment Exam
Complete Questions and Answers OA |Already
Graded A
Question 1: Which of the following should be included as manufacturing overhead cost?
The wages of employees who work on production lines
The raw materials used in the finishing department
The direct materials used to make a product
The wages of factory custodians
Question 2: The glue and nails used in a manufacturing process should be included in which cost
category?
Administrative costs
Manufacturing overhead costs
Prepaid supplies
Direct materials costs
Question 3: How is the purchase of raw materials on open account recorded?
Debit to accounts payable
Credit to raw materials inventory
Credit to work-in-process inventory
Debit to raw materials inventory
, Question 4: Which journal entry is used to record payment of factory rent in cash?
Debit to finished goods inventory
Debit to cost of goods sold
Debit to work-in-process inventory
Debit to manufacturing overhead
Question 5: What is the manufacturing overhead rate that is applied to work-in-process during
manufacturing?
An estimate based on expected overhead and machine/labor hours
The actual costs of manufacturing overhead components
An estimate based on actual costs divided by products made
The actual costs of manufacturing overhead divided by total products
Question 6: In a job order costing system, what does a debit to work-in-process inventory and a credit
to salaries and wages payable represent?
Recognizing total labor costs
Applying indirect labor costs to work-in-process inventory
Assigning direct labor costs to products being manufactured
Payment of salaries to factory employees
Question 7: In a job order costing system, what does a debit to manufacturing overhead and a credit
to salaries and wages payable represent?
Recording indirect labor costs to manufacturing overhead
Paying the salaries of indirect laborers
