WGU D196 TEST BANK FOR
2024/2025 WITH ACTUAL
EXAM QUESTIONS AND
CORRECT ANSWERS (100%)
D196 PRACTICE EXAM
[Document subtitle]
[DATE]
[COMPANY NAME]
[Company address]
, 1. Which budget should include all production costs other than those for direct
materials and direct labor?
C. Manufacturing overhead budget
2. Which account is a common asset account?
C. Accounts receivable
3. On which financial statement would you see the valuation of a company's
asset accounts?
B. Balance Sheet
4. What is the final step in the accounting cycle?
C. Prepare reports
5. Which of the following is not an example of a transaction?
D. Preparing financial statements
6. On which financial statement would you see cash flows from financing
activities?
A. Statement of Cash Flows
7. Whose job is it to make sure that investors are provided with full and fair
information about publicly traded companies?
D. SEC
8. How does a classified balance sheet provide useful information to a
decision maker?
A. It distinguishes between current and long-term assets
9. In some companies, the performance measures for profit center managers
are heavily influenced by cost allocations downward from organizational
units (such as company headquarters). Why is this a mistake?
C. Uncontrollable costs should not be included in the performance evaluation
measure of a profit center manager
10. Which is an example of a product cost?
D. Raw materials to make a product
11. Which label is given to the cost of wages for factory supervisors?
C. Manufacturing overhead
12. A company reports the following data: Price per unit = $20 Variable costs per
unit = $12 Fixed costs = $12,000. Given these data, what is the variable cost
ratio?
D. 60%
2024/2025 WITH ACTUAL
EXAM QUESTIONS AND
CORRECT ANSWERS (100%)
D196 PRACTICE EXAM
[Document subtitle]
[DATE]
[COMPANY NAME]
[Company address]
, 1. Which budget should include all production costs other than those for direct
materials and direct labor?
C. Manufacturing overhead budget
2. Which account is a common asset account?
C. Accounts receivable
3. On which financial statement would you see the valuation of a company's
asset accounts?
B. Balance Sheet
4. What is the final step in the accounting cycle?
C. Prepare reports
5. Which of the following is not an example of a transaction?
D. Preparing financial statements
6. On which financial statement would you see cash flows from financing
activities?
A. Statement of Cash Flows
7. Whose job is it to make sure that investors are provided with full and fair
information about publicly traded companies?
D. SEC
8. How does a classified balance sheet provide useful information to a
decision maker?
A. It distinguishes between current and long-term assets
9. In some companies, the performance measures for profit center managers
are heavily influenced by cost allocations downward from organizational
units (such as company headquarters). Why is this a mistake?
C. Uncontrollable costs should not be included in the performance evaluation
measure of a profit center manager
10. Which is an example of a product cost?
D. Raw materials to make a product
11. Which label is given to the cost of wages for factory supervisors?
C. Manufacturing overhead
12. A company reports the following data: Price per unit = $20 Variable costs per
unit = $12 Fixed costs = $12,000. Given these data, what is the variable cost
ratio?
D. 60%
