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D196 - OA Prep - Practice questions with answers

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D196 - OA Prep - Practice questions with answers

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D196 - OA Prep - Practice questions with
|\ |\ |\ |\ |\ |\ |\ |\

answers

What budget includes corporate office expenses?
|\ |\ |\ |\ |\

A. Manufacturing Budget
|\ |\

B. Selling and Administrative Expense Budget - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\

ANSWERS ✔✔B. Selling and Administrative Expense
|\ |\ |\ |\ |\ |\

Budget

Insurance policy on office building
|\ |\ |\ |\

A. Product Cost
|\ |\

B. Period Cost - CORRECT ANSWERS ✔✔B. Period Cost
|\ |\ |\ |\ |\ |\ |\ |\

What budget is used for large corporate purchases?
|\ |\ |\ |\ |\ |\ |\

A. Sales Budget
|\ |\

B. Capital Budget - CORRECT ANSWERS ✔✔B. Capital
|\ |\ |\ |\ |\ |\ |\ |\

Budget

What budget is usually the last budget prepared?
|\ |\ |\ |\ |\ |\ |\

,A. Budgeted Income Statement
|\ |\ |\

B. Budgeting Balance Sheet - CORRECT ANSWERS ✔✔B.
|\ |\ |\ |\ |\ |\ |\ |\

Budgeting Balance Sheet |\ |\

What budget is the first budget prepared?
|\ |\ |\ |\ |\ |\

A. Sales Budget
|\ |\

B. Production Budget - CORRECT ANSWERS ✔✔A. Sales
|\ |\ |\ |\ |\ |\ |\ |\

Budget

What budget includes information on the cost of
|\ |\ |\ |\ |\ |\ |\ |\

materials?

A. Finished Goods Budget
|\ |\ |\

B. Direct Materials Budget - CORRECT ANSWERS ✔✔B.
|\ |\ |\ |\ |\ |\ |\ |\

Direct Materials Budget
|\ |\

What budget includes information on the depreciation of
|\ |\ |\ |\ |\ |\ |\ |\

factory equipment?
|\

A. Manufacturing Budget
|\ |\

B. Selling and Administrative Budget - CORRECT
|\ |\ |\ |\ |\ |\ |\

ANSWERS ✔✔A. Manufacturing Budget |\ |\ |\

,What budget helps with inventory control?
|\ |\ |\ |\ |\

A. Production Budget
|\ |\

B. Finished Goods Budget - CORRECT ANSWERS ✔✔B.
|\ |\ |\ |\ |\ |\ |\ |\

Finished Goods Budget
|\ |\

What budget shows revenues?
|\ |\ |\

A. Sales Budget
|\ |\

B. Selling and Administrative Budget - CORRECT
|\ |\ |\ |\ |\ |\ |\

ANSWERS ✔✔A. Sales Budget |\ |\ |\

What budget uses the rate of pay for assembly line
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\

workers?

A. Direct Material Budget
|\ |\ |\

B. Direct Labor Budget - CORRECT ANSWERS ✔✔B. Direct
|\ |\ |\ |\ |\ |\ |\ |\ |\

Labor Budget
|\

What is an unfavorable cost variance?
|\ |\ |\ |\ |\

, A. A difference between the actual cost and the budgeted
|\ |\ |\ |\ |\ |\ |\ |\ |\

cost where the actual cost is less than the budgeted
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\

amount.
B. A difference between the actual cost and the budgeted
|\ |\ |\ |\ |\ |\ |\ |\ |\

cost where the actual cost is more than the budgeted
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\

amount. - CORRECT ANSWERS ✔✔B. A difference
|\ |\ |\ |\ |\ |\ |\

between the actual cost and the budgeted cost where the
|\ |\ |\ |\ |\ |\ |\ |\ |\

actual cost is more than the budgeted amount.
|\ |\ |\ |\ |\ |\ |\ |\

What is a direct cost?
|\ |\ |\ |\

A. Costs normally incurred for the benefit of several
|\ |\ |\ |\ |\ |\ |\ |\ |\

segments within the organization; sometimes called |\ |\ |\ |\ |\ |\

common costs or joint costs. |\ |\ |\ |\

B. Costs that are specifically traceable to a unit of
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\

business or segment being analyzed. - CORRECT
|\ |\ |\ |\ |\ |\ |\

ANSWERS ✔✔B. Costs that are specifically traceable to a
|\ |\ |\ |\ |\ |\ |\ |\ |\

unit of business or segment being analyzed.
|\ |\ |\ |\ |\ |\

What is a cost center?
|\ |\ |\ |\

A. An organizational unit in which a manager has control
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\

over and is held accountable for cost performance.
|\ |\ |\ |\ |\ |\ |\

B. An organizational unit in which a manager has control
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\

over and is held accountable for both cost and revenue
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\

performance. - CORRECT ANSWERS ✔✔A. An |\ |\ |\ |\ |\ |\

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Institution: Western Governors University
Course: D196

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Uploaded on: January 28, 2026
Number of pages: 32
Written in: 2025/2026
Type: Exam (elaborations)
Contains: Questions & answers

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