WGU D196 OA AND PRE ASSESSMENT ACTUAL EXAM 3 LATEST COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) A NEW UPDATED VERSION

WGU D196 EXAM TEST BANK FOR OA AND PRE-
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ASSESSMENT REVIEW / D196 PRACTICE EXAM | m m m m m m m




COMPLETE 2025 ACTUAL EXAM WITH CORRECT m m m m m m




VERIFIED ANSWERS | GUARANTEED A+ EXAMm m m m m




Excellence


How do revenues and expenses fit into the accounting equation? -
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✔✔✔ Correct Answer > Revenues minus expenses equals net income,
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m which is part of owners' equity.
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Which overhead allocation method should be used for a trash bag man
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ufacturer? - ✔✔✔ Correct Answer > Process Costing
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How does a classified balance sheet provide useful information to
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a decision maker? -
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✔✔✔ Correct Answer > It distinguishes between current and lon
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g-term assets. m

,What is the name of the account that shows the distribution of net inc
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ome (earnings) to the owners of a business? - ✔✔✔ Correct Answer
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> Dividends
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Which of the following is not an example of a transaction? - ✔✔✔
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Correct Answer > Preparing financial statements
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On which financial statement would you see cash flows from financing
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activities? - ✔✔✔ Correct Answer > Statement of Cash Flows
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A transaction involving the payment of dividends to the owners reduce
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s which part of the accounting equation? -
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m ✔✔✔ Correct Answer > Owners' equity
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What is the final step in the accounting cycle? -
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✔✔✔ Correct Answer > Preparing Reports
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,Whose job is it to make sure that investors are provided with full and f
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air information about publicly traded companies? -
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m ✔✔✔ Correct Answer > SEC
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In some companies, the performance measure for profit center manag
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ers is heavily influenced by cost allocations downwards from organizati
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onal units (such as company headquarters). Why is this a mistake? -
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✔✔✔ Correct Answer > Uncontrollable costs should not be included i
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n the performance evaluation measure of a profit center manager.
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Which is an examples of a product cost? -
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✔✔✔ Correct Answer > Raw materials to make a product.
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Which label is given to the cost of wages for factory supervisors? -
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✔✔✔ Correct Answer > Manufacturing Overhead
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A company reports the following data:
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m Price/unit = $20 m m

, Variable costs/unit = $12 Fixe
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d costs = $12,000
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Given this data, what is the variable cost ratio? - ✔✔✔ Correct Answer
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> 60%
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If overhead is underapplied, which statement is true? -
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✔✔✔ Correct Answer > Actual costs exceed applied costs.
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Which of the following is NOT an example of a cost driver? - ✔✔✔
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Correct Answer > Selling costs
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Which item is a period cost? -
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✔✔✔ Correct Answer > Marketing expense
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For the relevant range, which costs are approximately linear within a c
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ertain range of production? - ✔✔✔ Correct Answer > Variable Costs
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