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WGU D101 Cost and Managerial Accounting
ACTUAL Exam Questions And Answers
100% Pass
Actual Manufacturing Overhead - ANS Manufacturing costs other than direct materials and
direct labor
Applied Manufacturing Overhead - ANS The amount of the manufacturing overhead that is
assigned to the goods produced; this is usually done by using a predetermined annual overhead
rate
Batch-level Activities - ANS Activities that take place to support a batch or production run,
regardless of the size of the batch
Beginning Work-in-process Inventory - ANS The ending-work-in-process inventory that is
carried over from the last accounting period to the current accounting period
Break-even Point - ANS The amount of sales at which total costs of the number of units sold
equal total revenues; the point at which there is no profit or loss
Budgeted Production in Units - ANS The budgeted number of units to be produced in a
period, taking into consideration the sales volume, the number of units in beginning inventory,
and the number of units required to be in ending inventory
, ©EVERLY 2025 ALL RIGHTS RESERVED
Budgeted Sales in Dollars - ANS The result when the budgeted sales in units is multiplied by
the unit sales prices for each product budgeted to be sold in the budget for the next year or the
next period
Budgeted Sales in Units - ANS Information in the sales budget that feeds directly into the
production budget, from which the direct materials and direct labor budgets are created
Common Costs - ANS Overhead costs like executive salaries or property taxes that cannot be
attributed to and are not the responsibility of specific products, departments, or business
segments
Contribution Margin - ANS The difference between total sales and variable costs; the portion
of sales revenue available to cover fixed costs and provide a profit
Contribution Margin Ratio - ANS The percentage of net sales revenue left after variable costs
are deducted; the contribution margin divided by net sales revenue
Conversion Costs - ANS The costs of converting raw materials to finished products; these
include direct labor and manufacturing overhead costs
Cost Behavior - ANS The way a cost is affected by changes in activity levels
Cost Driver - ANS Numerical measure used to reflect the amount of a specific cost associated
with a particular activity
Cost Objects - ANS A product or division for which costs are accumulated and tracked
Cost Pool - ANS Total cost being generated by a specific overhead cost activity
WGU D101 Cost and Managerial Accounting
ACTUAL Exam Questions And Answers
100% Pass
Actual Manufacturing Overhead - ANS Manufacturing costs other than direct materials and
direct labor
Applied Manufacturing Overhead - ANS The amount of the manufacturing overhead that is
assigned to the goods produced; this is usually done by using a predetermined annual overhead
rate
Batch-level Activities - ANS Activities that take place to support a batch or production run,
regardless of the size of the batch
Beginning Work-in-process Inventory - ANS The ending-work-in-process inventory that is
carried over from the last accounting period to the current accounting period
Break-even Point - ANS The amount of sales at which total costs of the number of units sold
equal total revenues; the point at which there is no profit or loss
Budgeted Production in Units - ANS The budgeted number of units to be produced in a
period, taking into consideration the sales volume, the number of units in beginning inventory,
and the number of units required to be in ending inventory
, ©EVERLY 2025 ALL RIGHTS RESERVED
Budgeted Sales in Dollars - ANS The result when the budgeted sales in units is multiplied by
the unit sales prices for each product budgeted to be sold in the budget for the next year or the
next period
Budgeted Sales in Units - ANS Information in the sales budget that feeds directly into the
production budget, from which the direct materials and direct labor budgets are created
Common Costs - ANS Overhead costs like executive salaries or property taxes that cannot be
attributed to and are not the responsibility of specific products, departments, or business
segments
Contribution Margin - ANS The difference between total sales and variable costs; the portion
of sales revenue available to cover fixed costs and provide a profit
Contribution Margin Ratio - ANS The percentage of net sales revenue left after variable costs
are deducted; the contribution margin divided by net sales revenue
Conversion Costs - ANS The costs of converting raw materials to finished products; these
include direct labor and manufacturing overhead costs
Cost Behavior - ANS The way a cost is affected by changes in activity levels
Cost Driver - ANS Numerical measure used to reflect the amount of a specific cost associated
with a particular activity
Cost Objects - ANS A product or division for which costs are accumulated and tracked
Cost Pool - ANS Total cost being generated by a specific overhead cost activity
