Page 1 of 74
WGU D101 - COST AND MANAGERIAL
ACCOUNTING | OA | OBJECTIVE ASSESSMENT |
{LATEST 2026/ 2027 UPDATE} COMPLETE
ACTUAL AND AUTHENTIC EXAM | BRAND NEW!
In a process costing system, production costs are accumulated in the
process centers. Where do the costs go when all production work is
completed in the process centers?
a. Finished goods inventory
b. Selling, general, and administrative expenses
c. Manufacturing overhead
d. Raw materials inventory
a
What does identifying the overhead costs associated with a particular
production cost pool require?
,Page 2 of 74
a. Analyzing how indirect production personnel involved in a
production process spend their time during their breaks during the
workday
b. Analyzing how indirect production personnel involved in a
production process spend their time during the workday
c. Analyzing how the CEO and the CFO spend their time during the
workday
d. Analyzing how sales and marketing personnel spend their time
during the workday
b. Correct! Identifying how indirect production personnel involved in a
production process spend their time during the workday helps a
company identify the overhead costs associated with a particular
production cost pool.
Which is a measure of the amount of work done during the
production period under process costing?
a. Direct materials
,Page 3 of 74
b. Conversion costs
c. Equivalent units of production
d. Equivalent units in beginning inventory
c.
What are the sum of direct labor and manufacturing overhead costs
referred to in a process costing system?
a. Total manufacturing costs
b. Conversion costs
c. Finished goods inventory
d. Manufacturing costs
b.
Assume a production process using process costing starts with a
certain number of units in beginning inventory that are partially
completed, a certain number of units are started and completed
, Page 4 of 74
during the period, and the ending inventory at the end of the period is
partially complete.
How would you determine the equivalent units of production in this
situation for the period?
a. You would add the work required to complete the units in
beginning inventory plus the degree of completion of the ending
inventory units.
b. You would add the work required to start and complete the units
started during the period plus the degree of completion of the ending
inventory units.
c. You would add the work required to complete the units in beginning
inventory to the number of units started and completed during the
period to the degree of completion of the ending inventory units.
d. You would add the work required to complete the
c. Correct! To determine the equivalent units of production in this
situation in this period, you would add the work required to complete
the units in beginning inventory plus the number of units started and
completed during the period plus the degree of completion of the
ending inventory units.
WGU D101 - COST AND MANAGERIAL
ACCOUNTING | OA | OBJECTIVE ASSESSMENT |
{LATEST 2026/ 2027 UPDATE} COMPLETE
ACTUAL AND AUTHENTIC EXAM | BRAND NEW!
In a process costing system, production costs are accumulated in the
process centers. Where do the costs go when all production work is
completed in the process centers?
a. Finished goods inventory
b. Selling, general, and administrative expenses
c. Manufacturing overhead
d. Raw materials inventory
a
What does identifying the overhead costs associated with a particular
production cost pool require?
,Page 2 of 74
a. Analyzing how indirect production personnel involved in a
production process spend their time during their breaks during the
workday
b. Analyzing how indirect production personnel involved in a
production process spend their time during the workday
c. Analyzing how the CEO and the CFO spend their time during the
workday
d. Analyzing how sales and marketing personnel spend their time
during the workday
b. Correct! Identifying how indirect production personnel involved in a
production process spend their time during the workday helps a
company identify the overhead costs associated with a particular
production cost pool.
Which is a measure of the amount of work done during the
production period under process costing?
a. Direct materials
,Page 3 of 74
b. Conversion costs
c. Equivalent units of production
d. Equivalent units in beginning inventory
c.
What are the sum of direct labor and manufacturing overhead costs
referred to in a process costing system?
a. Total manufacturing costs
b. Conversion costs
c. Finished goods inventory
d. Manufacturing costs
b.
Assume a production process using process costing starts with a
certain number of units in beginning inventory that are partially
completed, a certain number of units are started and completed
, Page 4 of 74
during the period, and the ending inventory at the end of the period is
partially complete.
How would you determine the equivalent units of production in this
situation for the period?
a. You would add the work required to complete the units in
beginning inventory plus the degree of completion of the ending
inventory units.
b. You would add the work required to start and complete the units
started during the period plus the degree of completion of the ending
inventory units.
c. You would add the work required to complete the units in beginning
inventory to the number of units started and completed during the
period to the degree of completion of the ending inventory units.
d. You would add the work required to complete the
c. Correct! To determine the equivalent units of production in this
situation in this period, you would add the work required to complete
the units in beginning inventory plus the number of units started and
completed during the period plus the degree of completion of the
ending inventory units.
