WGU & Managerial
D196 Principles
Accounting
of Financial
–WGU
Study
& Managerial
D196
Guide
Principles
2026_2027.pdf
Accounting
of Financial
– Study
& Managerial
Guide 2026_2027.pdf
Accounting – Study Guide 2026_2027.pdf
WGU D196 Principles of Financial &
Managerial Accounting – Study Guide
2026/2027
Guidehttps://www.stuvia.com/dashboard!@_)#*)(@$)($@*($@)($@*_
WGU D196 Principles of Financial
WGU & Managerial
D196 Principles
Accounting
of Financial
–WGU
Study
& Managerial
D196
Guide
Principles
2026_2027.pdf
Accounting
of Financial
– Study
& Managerial
Guide 2026_2027.pdf
Accounting – Study Guide 2026_2027.pdf
,Principles of Financial and Managerial Accounting - D196 WGU.pdf Principles of Financial and Managerial Accounting - D196 WGU.pdf Principles of Financial and Managerial Accounting - D196 WGU.pdf
1 Operating Budget 2 Master Budget
3 Purchases Budget 4 Sales Budget
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Terms in this set (179)
the production budget Sales budget + ending finished goods inventory - beginning finished goods
inventory
direct materials production budget Production budget × direct materials per unit
the direct materials purchases budget Direct materials production budget + ending direct materials inventory -
beginning direct materials inventory
Principles of Financial and Managerial Accounting - D196 WGU.pdf Principles of Financial and Managerial Accounting - D196 WGU.pdf Principles of Financial and Managerial Accounting - D196 WGU.pdf
, Principles of Financial and Managerial Accounting - D196 WGU.pdf Principles of Financial and Managerial Accounting - D196 WGU.pdf Principles of Financial and Managerial Accounting - D196 WGU.pdf
Cash collected from customers (current period revenue × current period collection rate) + cash collected
from previous period sales
Cash payments to suppliers (current period purchases × current period payment rate) + cash paid on
previous period purchases
Cost Variance Difference between actual costs and budgeted costs
Contribution Margin = Sales Revenue - Variable Costs
The difference between total sales and variable costs; the portion of sales
revenue available to cover fixed costs and provide a profit.
Principles of Financial and Managerial Accounting - D196 WGU.pdf Principles of Financial and Managerial Accounting - D196 WGU.pdf Principles of Financial and Managerial Accounting - D196 WGU.pdf