11/14/24, 6:21 PM WGU C253 ADVANCED MANAGERIAL ACCOUNTING EXAM 2024 ACTUAL EXAM COMPLETE 200 QUESTIONS WITH DETAI…
WGU C253 ADVANCED MANAGERIAL
ACCOUNTING EXAM 2024 ACTUAL EXAM
COMPLETE 200 QUESTIONS WITH DETAILED
VERIFIED ANSWERS/ALREADY GRADED A+
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Terms in this set (165)
A costing method that Absorption costing
includes all manufacturing
costs—direct materials,
direct labor, and both
variable and fixed
manufacturing overhead—
in unit product costs.
https://quizlet.com/971440599/wgu-c253-advanced-managerial-accounting-exam-2024-actual-exam-complete-200-questions-with-detailed-verified-a… 1/20
,11/14/24, 6:21 PM WGU C253 ADVANCED MANAGERIAL ACCOUNTING EXAM 2024 ACTUAL EXAM COMPLETE 200 QUESTIONS WITH DETAI…
An event that causes the Activity
consumption of overhead
resources in an
organization.
A measure of whatever Activity base
causes the incurrence of a
variable cost. For
example, the total cost of
surgical gloves in a
hospital will increase as
the number of surgeries
increases. Therefore, the
number of surgeries is the
activity base that explains
the total cost of surgical
gloves.
A "bucket" in which costs Activity cost pool
are accumulated that
relate to a single activity
measure in an activity-
based costing system.
An allocation base in an Activity measure
activity-based costing
system; ideally, a measure
of the amount of activity
that drives the costs in an
activity cost pool.
https://quizlet.com/971440599/wgu-c253-advanced-managerial-accounting-exam-2024-actual-exam-complete-200-questions-with-detailed-verified-a… 2/20
, 11/14/24, 6:21 PM WGU C253 ADVANCED MANAGERIAL ACCOUNTING EXAM 2024 ACTUAL EXAM COMPLETE 200 QUESTIONS WITH DETAI…
The difference between a Activity variance
revenue or cost item in the
flexible budget and the
same item in the static
planning budget. An
activity variance is due
solely to the difference
between the actual level
of activity used in the
flexible budget and the
level of activity assumed in
the planning budget.
A costing method based Activity-based costing (ABC)
on activities that is
designed to provide
managers with cost
information for strategic
and other decisions that
potentially affect capacity
and therefore fixed as well
as variable costs.
A management approach Activity-based management (ABM)
that focuses on managing
activities as a way of
eliminating waste and
reducing delays and
defects.
All executive, Administrative costs
organizational, and
clerical costs associated
with the general
management of an
organization rather than
with manufacturing or
selling.
https://quizlet.com/971440599/wgu-c253-advanced-managerial-accounting-exam-2024-actual-exam-complete-200-questions-with-detailed-verified-a… 3/20
WGU C253 ADVANCED MANAGERIAL
ACCOUNTING EXAM 2024 ACTUAL EXAM
COMPLETE 200 QUESTIONS WITH DETAILED
VERIFIED ANSWERS/ALREADY GRADED A+
Practice questions for this set
Learn
Studied 7 terms
Nice work, you're crushing it
Continue studying in Learn
Terms in this set (165)
A costing method that Absorption costing
includes all manufacturing
costs—direct materials,
direct labor, and both
variable and fixed
manufacturing overhead—
in unit product costs.
https://quizlet.com/971440599/wgu-c253-advanced-managerial-accounting-exam-2024-actual-exam-complete-200-questions-with-detailed-verified-a… 1/20
,11/14/24, 6:21 PM WGU C253 ADVANCED MANAGERIAL ACCOUNTING EXAM 2024 ACTUAL EXAM COMPLETE 200 QUESTIONS WITH DETAI…
An event that causes the Activity
consumption of overhead
resources in an
organization.
A measure of whatever Activity base
causes the incurrence of a
variable cost. For
example, the total cost of
surgical gloves in a
hospital will increase as
the number of surgeries
increases. Therefore, the
number of surgeries is the
activity base that explains
the total cost of surgical
gloves.
A "bucket" in which costs Activity cost pool
are accumulated that
relate to a single activity
measure in an activity-
based costing system.
An allocation base in an Activity measure
activity-based costing
system; ideally, a measure
of the amount of activity
that drives the costs in an
activity cost pool.
https://quizlet.com/971440599/wgu-c253-advanced-managerial-accounting-exam-2024-actual-exam-complete-200-questions-with-detailed-verified-a… 2/20
, 11/14/24, 6:21 PM WGU C253 ADVANCED MANAGERIAL ACCOUNTING EXAM 2024 ACTUAL EXAM COMPLETE 200 QUESTIONS WITH DETAI…
The difference between a Activity variance
revenue or cost item in the
flexible budget and the
same item in the static
planning budget. An
activity variance is due
solely to the difference
between the actual level
of activity used in the
flexible budget and the
level of activity assumed in
the planning budget.
A costing method based Activity-based costing (ABC)
on activities that is
designed to provide
managers with cost
information for strategic
and other decisions that
potentially affect capacity
and therefore fixed as well
as variable costs.
A management approach Activity-based management (ABM)
that focuses on managing
activities as a way of
eliminating waste and
reducing delays and
defects.
All executive, Administrative costs
organizational, and
clerical costs associated
with the general
management of an
organization rather than
with manufacturing or
selling.
https://quizlet.com/971440599/wgu-c253-advanced-managerial-accounting-exam-2024-actual-exam-complete-200-questions-with-detailed-verified-a… 3/20
