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WGU D101 OBJECTIVE ASSESSMENT V1 & V2 NEWEST 2026
TEST BANK| D101 COST AND MANAGERIAL ACCOUNTING OA
EXAM WITH COMPLETE 300 REAL EXAM QUESTIONS AND
CORRECT VERIFIED ANSWERS/ ALREADY GRADED A+ (MOST
RECENT!!)
Job order costing is appropriate when which two conditions exist?
a. Products produced are all the same, and the manufacturing
processes used to produce them are the same.
b. Products produced are distinct from each other, and the
manufacturing processes used are different for different products.
c. Products produced are distinct, but the manufacturing processes
used are the same for different products.
d. Products produced are all the same, but the manufacturing processes
used to produce them are different for different products.
......ANSWER......b.
Why is having accurate product cost information important?
a. So manufacturers can charge a price based on costs and a reasonable
markup
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b. So companies can minimize the profits they are earning
c. So manufacturers can charge a price based on estimated product
costs, not including a reasonable markup
d. So companies can grow faster than all competitors in their industry
......ANSWER......a.
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.
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Which costs should be assigned to each product under a job order
costing system?
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
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d. Job order costing ......ANSWER......d.
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?
WGU D101 OBJECTIVE ASSESSMENT V1 & V2 NEWEST 2026
TEST BANK| D101 COST AND MANAGERIAL ACCOUNTING OA
EXAM WITH COMPLETE 300 REAL EXAM QUESTIONS AND
CORRECT VERIFIED ANSWERS/ ALREADY GRADED A+ (MOST
RECENT!!)
Job order costing is appropriate when which two conditions exist?
a. Products produced are all the same, and the manufacturing
processes used to produce them are the same.
b. Products produced are distinct from each other, and the
manufacturing processes used are different for different products.
c. Products produced are distinct, but the manufacturing processes
used are the same for different products.
d. Products produced are all the same, but the manufacturing processes
used to produce them are different for different products.
......ANSWER......b.
Why is having accurate product cost information important?
a. So manufacturers can charge a price based on costs and a reasonable
markup
,2|Page
b. So companies can minimize the profits they are earning
c. So manufacturers can charge a price based on estimated product
costs, not including a reasonable markup
d. So companies can grow faster than all competitors in their industry
......ANSWER......a.
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.
,3|Page
Which costs should be assigned to each product under a job order
costing system?
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
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d. Job order costing ......ANSWER......d.
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?
