WGU D196 |OA| OBJECTIVE ASSESSMENT EXAM
Correct
Incorrect
, A. Budgeted manufacturing
C. Overhead is allocated
overhead costs that are used to
based on different activity
establish the predetermined
levels
overhead rate.
B. The excess of actual
manufacturing overhead costs over B. Manufacturing costs other than
the applied manufacturing direct materials and direct labor.
overhead costs for the period.
Don't know?
2 of 87
Term
Shows the profitability of an organization by comparing revenues
and expenses for a period of time.
A. Income Statement
B. Balance Sheet
C. Statement of Cash Flows
Give this one a try later!
A. Product Cost
A. Income Statement
C. Unit-level, batch-level, product-line
, A. A subsection of an organization that is distinct from the whole organization
based on its operational activities, customers, or geographic location.
Don't know?
3 of 87
Term
Retained Earnings are classified as? (pick one)
A. Asset
B. Liability
C. Equity
D. Revenue
E. Expense
F. Dividend
Give this one a try later!
D. Revenue E. Expense
A. Product Cost C. Equity
Don't know?
4 of 87
Term
What is applied manufacturing overhead?
A. The amount of the manufacturing overhead that is assigned to the
, goods produced.
B. Costs normally incurred for the benefit of several segments within
the organization.
Give this one a try later!
B. The excess of applied
B. Costs over which a manager does
manufacturing overhead costs over
not have direct authority and cannot
the actual manufacturing overhead
change.
costs for the period.
A. The amount of the B. The excess of actual
manufacturing overhead that manufacturing overhead costs over
is assigned to the goods the applied manufacturing
produced. overhead costs for the period.
Don't know?
5 of 87
Term
What is an uncontrollable cost?
A. Costs that are specifically traceable to a unit of business or
segment being analyzed.
B. Costs over which a manager does not have direct authority and
cannot change.
Give this one a try later!
Correct
Incorrect
, A. Budgeted manufacturing
C. Overhead is allocated
overhead costs that are used to
based on different activity
establish the predetermined
levels
overhead rate.
B. The excess of actual
manufacturing overhead costs over B. Manufacturing costs other than
the applied manufacturing direct materials and direct labor.
overhead costs for the period.
Don't know?
2 of 87
Term
Shows the profitability of an organization by comparing revenues
and expenses for a period of time.
A. Income Statement
B. Balance Sheet
C. Statement of Cash Flows
Give this one a try later!
A. Product Cost
A. Income Statement
C. Unit-level, batch-level, product-line
, A. A subsection of an organization that is distinct from the whole organization
based on its operational activities, customers, or geographic location.
Don't know?
3 of 87
Term
Retained Earnings are classified as? (pick one)
A. Asset
B. Liability
C. Equity
D. Revenue
E. Expense
F. Dividend
Give this one a try later!
D. Revenue E. Expense
A. Product Cost C. Equity
Don't know?
4 of 87
Term
What is applied manufacturing overhead?
A. The amount of the manufacturing overhead that is assigned to the
, goods produced.
B. Costs normally incurred for the benefit of several segments within
the organization.
Give this one a try later!
B. The excess of applied
B. Costs over which a manager does
manufacturing overhead costs over
not have direct authority and cannot
the actual manufacturing overhead
change.
costs for the period.
A. The amount of the B. The excess of actual
manufacturing overhead that manufacturing overhead costs over
is assigned to the goods the applied manufacturing
produced. overhead costs for the period.
Don't know?
5 of 87
Term
What is an uncontrollable cost?
A. Costs that are specifically traceable to a unit of business or
segment being analyzed.
B. Costs over which a manager does not have direct authority and
cannot change.
Give this one a try later!
