WGU D101 MANAGERIAL AND COST ACCOUNTING (JSV1) PRE-
ASSESSMENT QUESTIONS WITH VERIFIED ANSWERS
100% Correct 47
Incorrect 0
1 of 47
Term
A company is evaluating whether to replace an old machine used in
production with a new machine.
Which type of cost is the old machine in this analysis?
Give this one a go later!
Opportunity costs Sunk costs
Future cost Differential cost
Don't know?
2 of 47
,Term
A juice company reports these data:
Selling price per unit: $7
Variable cost per unit: $3
Number of units sold: 70,000 units Net
income: $60,000
What is the juice company's calculated break-even point in number of
units?
Give this one a go later!
30,000 55,000
40,000 25,000
Don't know?
3 of 47
Term
Mickey Corporation has a model for its business that is 50/10/5,
meaning that it always wants its gross margin to be at least 50%, its
operating income as a percentage of revenues to be at least 10% , and
its net income as a percentage of revenues to be at least 5%. Of
these three targets, which targets did Mickey Corporation meet this
period?
Give this one a go later!
, 9.25% 50%
18.8% 9.4%
Don't know?
4 of 47
Term
An entrepreneur identifies a business opportunity to produce and
market custom-printed T-shirts to local organizations. The
entrepreneur plans to use activity-based costing.
Which type of costs should be associated to the production of each
custom-printed T-shirt in the future using cost drivers?
Give this one a go later!
All the manufacturing costs
except for direct materials Direct materials costs only
and direct labor
All the manufacturing costs including
direct materials and direct labor Direct labor costs only
Don't know?
, 5 of 47
Term
A restaurant chain is forecasting $ borrowing needs for the next three
months. The controller for the company has assembled these
forecasted data:
Forecasted amounts
Cash coll for cust
Jan $120,000
Feb $90,000
Mar $150,000
Cash Payments
Direct mat purchases
Jan 25,000
Feb 35,000
Mar 30,000
Direct labor
costs Jan 17,000
Feb 15,000
Mar 18,000
Manufac overhead costs
Jan 30,000
Feb 25,000
Mar 35,000
Selling and administrative expenses
Jan 16,000
Feb 13,000
Mar 20,000
Interest payments
Jan 3,000
ASSESSMENT QUESTIONS WITH VERIFIED ANSWERS
100% Correct 47
Incorrect 0
1 of 47
Term
A company is evaluating whether to replace an old machine used in
production with a new machine.
Which type of cost is the old machine in this analysis?
Give this one a go later!
Opportunity costs Sunk costs
Future cost Differential cost
Don't know?
2 of 47
,Term
A juice company reports these data:
Selling price per unit: $7
Variable cost per unit: $3
Number of units sold: 70,000 units Net
income: $60,000
What is the juice company's calculated break-even point in number of
units?
Give this one a go later!
30,000 55,000
40,000 25,000
Don't know?
3 of 47
Term
Mickey Corporation has a model for its business that is 50/10/5,
meaning that it always wants its gross margin to be at least 50%, its
operating income as a percentage of revenues to be at least 10% , and
its net income as a percentage of revenues to be at least 5%. Of
these three targets, which targets did Mickey Corporation meet this
period?
Give this one a go later!
, 9.25% 50%
18.8% 9.4%
Don't know?
4 of 47
Term
An entrepreneur identifies a business opportunity to produce and
market custom-printed T-shirts to local organizations. The
entrepreneur plans to use activity-based costing.
Which type of costs should be associated to the production of each
custom-printed T-shirt in the future using cost drivers?
Give this one a go later!
All the manufacturing costs
except for direct materials Direct materials costs only
and direct labor
All the manufacturing costs including
direct materials and direct labor Direct labor costs only
Don't know?
, 5 of 47
Term
A restaurant chain is forecasting $ borrowing needs for the next three
months. The controller for the company has assembled these
forecasted data:
Forecasted amounts
Cash coll for cust
Jan $120,000
Feb $90,000
Mar $150,000
Cash Payments
Direct mat purchases
Jan 25,000
Feb 35,000
Mar 30,000
Direct labor
costs Jan 17,000
Feb 15,000
Mar 18,000
Manufac overhead costs
Jan 30,000
Feb 25,000
Mar 35,000
Selling and administrative expenses
Jan 16,000
Feb 13,000
Mar 20,000
Interest payments
Jan 3,000
