WGU C213 Accounting for Decision Makers PVAC Questions with
Correct Answers 100% and Answers with Verified Solutions | Latest
2026 Update
Q: How does management accounting differ from financial accounting?
Answer:
Management accounting is used primarily for internal planning, control, and
evaluation Which account is seen on the balance sheet of a manufacturing company
but not on the balance sheet of a service-oriented company? Inventory What is a cost
that will change in the future based upon the decision made? differential cost Which
two examples are period costs? Administrative overhead. Selling expenses A
company manufactures custom-built wooden bookshelves. Which two costs would
the company classify as period costs? Advertising costs. Salary of the receptionist.
What role do ethical standards have in management accounting? To guide the
resolution to possible ethical dilemmas that the managerial accountant may encounter
Which two costs are included when calculating inventory costs? Direct labor.
Overhead. In which scenario would activity-based costing be more appropriate than
traditional costing? A company produces five different products. The products are
highly differentiated and have significantly different demands for their use of
overhead costs Which category of ABC activities are machine setup and material
movement costs associated with? Batch-level activities
, Q: The director of a marathon race wants to assign the cost of having police officers
along the race route to manage crowd control. Which consideration is an
appropriate cost driver?
Answer:
The cost of liability insurance for the race. The number of participants and
spectators. Which two concepts are studied in cost-volume-profit analysis? profits.
levels of activity What are two impacts on costs as sales volume increases? Total
fixed costs will increase in direct proportion. Fixed costs per unit will decrease. A
company is experiencing an increase in bad debt expense, which change in credit
policy would cause this increase? Some customers were allowed to pay their bills in
60 days versus the normal 30 days In January of year 1, a company began doing
business as a corporation in order to sell technology-related accessories and services.
During its first month of operations, it focused on obtaining the financing needed to
start its operations. In February of year 1, the company sold inventory costing
$25,000 for $75,000 cash. Accounts receivable will increase $6000, Retained earning
will increase $10000 They usually pay 50% of inventory purchases in the month of
purchase, 35% in the following month, and 15% in the second month. Based on this
information, what are the forecasted total 2014 cash payments for inventory
purchased in the second half of 2014? $752,500 A company has projected the
following sales for the spring quarter of 2014: What are the forecasted cash
collections for the month of June? $269750
Correct Answers 100% and Answers with Verified Solutions | Latest
2026 Update
Q: How does management accounting differ from financial accounting?
Answer:
Management accounting is used primarily for internal planning, control, and
evaluation Which account is seen on the balance sheet of a manufacturing company
but not on the balance sheet of a service-oriented company? Inventory What is a cost
that will change in the future based upon the decision made? differential cost Which
two examples are period costs? Administrative overhead. Selling expenses A
company manufactures custom-built wooden bookshelves. Which two costs would
the company classify as period costs? Advertising costs. Salary of the receptionist.
What role do ethical standards have in management accounting? To guide the
resolution to possible ethical dilemmas that the managerial accountant may encounter
Which two costs are included when calculating inventory costs? Direct labor.
Overhead. In which scenario would activity-based costing be more appropriate than
traditional costing? A company produces five different products. The products are
highly differentiated and have significantly different demands for their use of
overhead costs Which category of ABC activities are machine setup and material
movement costs associated with? Batch-level activities
, Q: The director of a marathon race wants to assign the cost of having police officers
along the race route to manage crowd control. Which consideration is an
appropriate cost driver?
Answer:
The cost of liability insurance for the race. The number of participants and
spectators. Which two concepts are studied in cost-volume-profit analysis? profits.
levels of activity What are two impacts on costs as sales volume increases? Total
fixed costs will increase in direct proportion. Fixed costs per unit will decrease. A
company is experiencing an increase in bad debt expense, which change in credit
policy would cause this increase? Some customers were allowed to pay their bills in
60 days versus the normal 30 days In January of year 1, a company began doing
business as a corporation in order to sell technology-related accessories and services.
During its first month of operations, it focused on obtaining the financing needed to
start its operations. In February of year 1, the company sold inventory costing
$25,000 for $75,000 cash. Accounts receivable will increase $6000, Retained earning
will increase $10000 They usually pay 50% of inventory purchases in the month of
purchase, 35% in the following month, and 15% in the second month. Based on this
information, what are the forecasted total 2014 cash payments for inventory
purchased in the second half of 2014? $752,500 A company has projected the
following sales for the spring quarter of 2014: What are the forecasted cash
collections for the month of June? $269750
