WGU D101 MANAGERIAL AND COST ACCOUNTING (JSV1)
PRE-ASSESSMENT EXAM WITH 100% CORRECT AND
VERIFIED ANSWERS
Correct 47
100%
Incorrect 00
Your answers
1 of 47
Term
A company had 5,000 partially completed units in beginning work-in-
process inventory. This period, after the 5,000 beginning inventory units
were completed, another 35,000 units were started. At the end of the
period, 7,000 units were in ending work-in-process inventory.
How many units were completed and transferred out during this
period?
,Give this one a try later!
40,000 37,000
33,000 23,000
Don't know?
2 of 47
Term
Implementation of an activity-based costing (ABC) system requires an
analysis of the percentage of time employees spend on each
overhead cost activity.
Through which activity can these data be gathered?
Give this one a try later!
Employee interviews Employee wage ranking
General ledger posting Equivalent unit analysis
Don't know?
, 3 of 47
Term
A company reports these cost data:
Actual Results
Total cost of purchasing material: $80,000
Number of material pounds used in production: 9,500
Number of units produced: 400
Number of material pounds purchased: 6,000
The company has established these standards:
Price per pound of materials: $12.00
Number of pounds of material to produce one unit: 25
What is the materials quantity variance?
Give this one a try later!
$6,000 U $8,000 U
$6,000 F $8,000 F
Don't know?
4 of 47
Term
, A company reported the following data:
Sales price per unit: $10
Fixed cost per month: $20,000
Variable cost per unit: $2
How many units must this company sell each month in order to reach a
target profit of $50,000?
Give this one a try later!
8,750 units 8,950 units
8,550 units 9,150 units
Don't know?
5 of 47
Term
Data for a phone company are as follows:
Physical Units
Percent Completed
Beginning work in process
Physical Units 0
Percent Completed 0%
Started and completed
Physical Units 7,000
PRE-ASSESSMENT EXAM WITH 100% CORRECT AND
VERIFIED ANSWERS
Correct 47
100%
Incorrect 00
Your answers
1 of 47
Term
A company had 5,000 partially completed units in beginning work-in-
process inventory. This period, after the 5,000 beginning inventory units
were completed, another 35,000 units were started. At the end of the
period, 7,000 units were in ending work-in-process inventory.
How many units were completed and transferred out during this
period?
,Give this one a try later!
40,000 37,000
33,000 23,000
Don't know?
2 of 47
Term
Implementation of an activity-based costing (ABC) system requires an
analysis of the percentage of time employees spend on each
overhead cost activity.
Through which activity can these data be gathered?
Give this one a try later!
Employee interviews Employee wage ranking
General ledger posting Equivalent unit analysis
Don't know?
, 3 of 47
Term
A company reports these cost data:
Actual Results
Total cost of purchasing material: $80,000
Number of material pounds used in production: 9,500
Number of units produced: 400
Number of material pounds purchased: 6,000
The company has established these standards:
Price per pound of materials: $12.00
Number of pounds of material to produce one unit: 25
What is the materials quantity variance?
Give this one a try later!
$6,000 U $8,000 U
$6,000 F $8,000 F
Don't know?
4 of 47
Term
, A company reported the following data:
Sales price per unit: $10
Fixed cost per month: $20,000
Variable cost per unit: $2
How many units must this company sell each month in order to reach a
target profit of $50,000?
Give this one a try later!
8,750 units 8,950 units
8,550 units 9,150 units
Don't know?
5 of 47
Term
Data for a phone company are as follows:
Physical Units
Percent Completed
Beginning work in process
Physical Units 0
Percent Completed 0%
Started and completed
Physical Units 7,000
