WGU D101 COST AND MANAGERIAL
ACCOUNTING EXAM 2024 ACTUAL
EXAM 2 VERSIONS (VERSION A AND B)
COMPLETE 400 QUESTIONS WITH
DETAILED VERIFIED ANSWERS (100%
CORRECT ANSWERS) /ALREADY
GRADED A+
What is a price taker? - ✔✔A company that has to accept the price that the
market sets for a good. They have no influence over setting the price.
What is a price maker? - ✔✔a firm possessing the power to set the price
within the market. They still need to track all costs in order to make sure
they are making an adequate return.
What is the major purpose and use of job order costing?
1
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
,a. To create a system that tracks both manufacturing and period costs and
assigns both to products
b. To create a system in which manufacturing costs are tracked by period
instead of by products
c. To create a system in which manufacturing costs are accumulated by
separate product orders or batches
d. To create a system that is exclusively used by price makers and not by
price takers - ✔✔c.
Which statement is true?
a. Having accurate product or service cost information is important for both
price takers and price makers.
2
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
,b. Having accurate product or service cost information is important for price
takers, but not price makers.
c. Having accurate produce or service cost information is not important for
either price takers or price makers.
d. Having accurate product or service cost information is important for price
makers, but not price takers. - ✔✔a.
Two competitors exist in the same industry. The first company has accurate
product cost information while the second company does not.
What is the reason behind why the first company is more successful than
the second?
a. With accurate job cost information, the first company can undercut the
second company's prices, thus driving the second company out of
business.
3
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
, b. With accurate job cost information, the first company can set prices that
guarantee making a profit, can understand which costs need to be worked
on, and can determine which actions can be taken to make the company
more efficient and profitable.
c. With accurate job cost information, the first company can pay higher
wages to employees, thus motivating them more than the employees of the
second company.
d. With accurate job cost information, the first company can set prices
higher than the second company, thus earning higher profits. - ✔✔b.
Job order costing is appropriate when which two conditions exist?
a. Products produced are all the same, and the manufacturing processes
used to produce them are the same.
b. Products produced are distinct from each other, and the manufacturing
processes used are different for different products.
4
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
ACCOUNTING EXAM 2024 ACTUAL
EXAM 2 VERSIONS (VERSION A AND B)
COMPLETE 400 QUESTIONS WITH
DETAILED VERIFIED ANSWERS (100%
CORRECT ANSWERS) /ALREADY
GRADED A+
What is a price taker? - ✔✔A company that has to accept the price that the
market sets for a good. They have no influence over setting the price.
What is a price maker? - ✔✔a firm possessing the power to set the price
within the market. They still need to track all costs in order to make sure
they are making an adequate return.
What is the major purpose and use of job order costing?
1
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
,a. To create a system that tracks both manufacturing and period costs and
assigns both to products
b. To create a system in which manufacturing costs are tracked by period
instead of by products
c. To create a system in which manufacturing costs are accumulated by
separate product orders or batches
d. To create a system that is exclusively used by price makers and not by
price takers - ✔✔c.
Which statement is true?
a. Having accurate product or service cost information is important for both
price takers and price makers.
2
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
,b. Having accurate product or service cost information is important for price
takers, but not price makers.
c. Having accurate produce or service cost information is not important for
either price takers or price makers.
d. Having accurate product or service cost information is important for price
makers, but not price takers. - ✔✔a.
Two competitors exist in the same industry. The first company has accurate
product cost information while the second company does not.
What is the reason behind why the first company is more successful than
the second?
a. With accurate job cost information, the first company can undercut the
second company's prices, thus driving the second company out of
business.
3
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
, b. With accurate job cost information, the first company can set prices that
guarantee making a profit, can understand which costs need to be worked
on, and can determine which actions can be taken to make the company
more efficient and profitable.
c. With accurate job cost information, the first company can pay higher
wages to employees, thus motivating them more than the employees of the
second company.
d. With accurate job cost information, the first company can set prices
higher than the second company, thus earning higher profits. - ✔✔b.
Job order costing is appropriate when which two conditions exist?
a. Products produced are all the same, and the manufacturing processes
used to produce them are the same.
b. Products produced are distinct from each other, and the manufacturing
processes used are different for different products.
4
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
