1|Page
WGU D196 OBJECTIVE ASSESSMENT VERSION 1,2
AND 3 EXAM NEWEST 2026/2027 ACTUAL VERIFIED
EXAM COMPLETE 300 QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+||NEWEST EXAM!!!
What is activity under ABC?
a. product line , batch unit , non product line
b. unit level , non unit level , and batch
c. Unit level, Batch unit, and product line.
d. none of the anwers - ANSWER-c
You will use a search tool on the SEC's website called
a. IRS website
b.EDGAR
c. CIK
D. none of the answers - ANSWER-b
Which business document involves the process of tracking
the actual performance of a company?
a. balance sheet
b.sales invoice and purchase order.
,2|Page
c. money order
d. none of the anwers - ANSWER-b
Your company purchases new equipment for cash. Which
accounts are increased and decreased because of this
transaction?
a. Cash increases and Equipment increases
b. Cash decreases and equipment decreases
c.Equipment increases and owners equity decreases
d .Equipment increases and cash decreases. - ANSWER-
d
What factors should the production supervisor consider in
assembling her production?
a.Projected sales, desired ending inventory, and amount
of beginning inventory.
b.desired ending inventory, sales, and beginning inventory
c. beginning inventory, sales, and ending inventory
d. none of the answers - ANSWER-a
BEP (units) formula
,3|Page
a. sales- cm
b.fixed costs / CM per unit
c.fixed cost / variance cost
d. fixed costs - cm per unit - ANSWER-b
Earnings (Loss) Per Share (EPS)
a.net income /outstanding number of shares of stock.
b. number of shares of stock - net income
c. both alternatives
d. none of the alternatives - ANSWER-a
What is the impact of expenses on the accounting
equation?
a. Expenses decrease owners' equity.
b. revenue increases owner's equity
c. owners 's equity increase revenue
d. liability decrease owner's equity - ANSWER-a
For purposes of cash flow classification in the statement of
cash flows, which item is an investing activity?
a. Repaying loans
b. Borrowing money
, 4|Page
c. Distribution to owners
d. Purchasing land - ANSWER-d
Is true or false that :
FASB : accounting standards for publicity listed
companies
GAAP : rules governing financial . Set by private, non-
governate group Fasb and IASB
GASB : private non-governmental that seeks improve acct
practices and procedures.
IASB : founded in 1973- international accounting
standards. - ANSWER-true
Direct Labor Budget (memorize)
a. schedule of direct labor requirements for budget
period.units needed to produce * hours of labor per unit / #
of hours per week to work / 4 weeks in a month = how
many employees needed - ANSWER-a.
Prints Plus reported the following data:
Sales price per unit $60
Variable cost per unit 30
WGU D196 OBJECTIVE ASSESSMENT VERSION 1,2
AND 3 EXAM NEWEST 2026/2027 ACTUAL VERIFIED
EXAM COMPLETE 300 QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+||NEWEST EXAM!!!
What is activity under ABC?
a. product line , batch unit , non product line
b. unit level , non unit level , and batch
c. Unit level, Batch unit, and product line.
d. none of the anwers - ANSWER-c
You will use a search tool on the SEC's website called
a. IRS website
b.EDGAR
c. CIK
D. none of the answers - ANSWER-b
Which business document involves the process of tracking
the actual performance of a company?
a. balance sheet
b.sales invoice and purchase order.
,2|Page
c. money order
d. none of the anwers - ANSWER-b
Your company purchases new equipment for cash. Which
accounts are increased and decreased because of this
transaction?
a. Cash increases and Equipment increases
b. Cash decreases and equipment decreases
c.Equipment increases and owners equity decreases
d .Equipment increases and cash decreases. - ANSWER-
d
What factors should the production supervisor consider in
assembling her production?
a.Projected sales, desired ending inventory, and amount
of beginning inventory.
b.desired ending inventory, sales, and beginning inventory
c. beginning inventory, sales, and ending inventory
d. none of the answers - ANSWER-a
BEP (units) formula
,3|Page
a. sales- cm
b.fixed costs / CM per unit
c.fixed cost / variance cost
d. fixed costs - cm per unit - ANSWER-b
Earnings (Loss) Per Share (EPS)
a.net income /outstanding number of shares of stock.
b. number of shares of stock - net income
c. both alternatives
d. none of the alternatives - ANSWER-a
What is the impact of expenses on the accounting
equation?
a. Expenses decrease owners' equity.
b. revenue increases owner's equity
c. owners 's equity increase revenue
d. liability decrease owner's equity - ANSWER-a
For purposes of cash flow classification in the statement of
cash flows, which item is an investing activity?
a. Repaying loans
b. Borrowing money
, 4|Page
c. Distribution to owners
d. Purchasing land - ANSWER-d
Is true or false that :
FASB : accounting standards for publicity listed
companies
GAAP : rules governing financial . Set by private, non-
governate group Fasb and IASB
GASB : private non-governmental that seeks improve acct
practices and procedures.
IASB : founded in 1973- international accounting
standards. - ANSWER-true
Direct Labor Budget (memorize)
a. schedule of direct labor requirements for budget
period.units needed to produce * hours of labor per unit / #
of hours per week to work / 4 weeks in a month = how
many employees needed - ANSWER-a.
Prints Plus reported the following data:
Sales price per unit $60
Variable cost per unit 30
