WGU D101 Cost and Managerial
Accounting Question and answers 100%
correct 2025
Actual Manufacturing Overhead - correct answer ✔Manufacturing costs
other than direct materials and direct labor
Applied Manufacturing Overhead - correct answer ✔The amount of the
manufacturing overhead that is assigned to the goods produced; this is
usually done by using a predetermined annual overhead rate
Batch-level Activities - correct answer ✔Activities that take place to support a
batch or production run, regardless of the size of the batch
Beginning Work-in-process Inventory - correct answer ✔The ending-work-in-
process inventory that is carried over from the last accounting period to the
current accounting period
Break-even Point - correct answer ✔The amount of sales at which total costs
of the number of units sold equal total revenues; the point at which there is no
profit or loss
Budgeted Production in Units - correct answer ✔The budgeted number of
units to be produced in a period, taking into consideration the sales volume,
the number of units in beginning inventory, and the number of units required
to be in ending inventory
Budgeted Sales in Dollars - correct answer ✔The result when the budgeted
sales in units is multiplied by the unit sales prices for each product budgeted
to be sold in the budget for the next year or the next period
, Budgeted Sales in Units - correct answer ✔Information in the sales budget
that feeds directly into the production budget, from which the direct materials
and direct labor budgets are created
Common Costs - correct answer ✔Overhead costs like executive salaries or
property taxes that cannot be attributed to and are not the responsibility of
specific products, departments, or business segments
Contribution Margin - correct answer ✔The difference between total sales
and variable costs; the portion of sales revenue available to cover fixed costs
and provide a profit
Contribution Margin Ratio - correct answer ✔The percentage of net sales
revenue left after variable costs are deducted; the contribution margin divided
by net sales revenue
Conversion Costs - correct answer ✔The costs of converting raw materials
to finished products; these include direct labor and manufacturing overhead
costs
Cost Behavior - correct answer ✔The way a cost is affected by changes in
activity levels
Cost Driver - correct answer ✔Numerical measure used to reflect the amount
of a specific cost associated with a particular activity
Cost Objects - correct answer ✔A product or division for which costs are
accumulated and tracked
Accounting Question and answers 100%
correct 2025
Actual Manufacturing Overhead - correct answer ✔Manufacturing costs
other than direct materials and direct labor
Applied Manufacturing Overhead - correct answer ✔The amount of the
manufacturing overhead that is assigned to the goods produced; this is
usually done by using a predetermined annual overhead rate
Batch-level Activities - correct answer ✔Activities that take place to support a
batch or production run, regardless of the size of the batch
Beginning Work-in-process Inventory - correct answer ✔The ending-work-in-
process inventory that is carried over from the last accounting period to the
current accounting period
Break-even Point - correct answer ✔The amount of sales at which total costs
of the number of units sold equal total revenues; the point at which there is no
profit or loss
Budgeted Production in Units - correct answer ✔The budgeted number of
units to be produced in a period, taking into consideration the sales volume,
the number of units in beginning inventory, and the number of units required
to be in ending inventory
Budgeted Sales in Dollars - correct answer ✔The result when the budgeted
sales in units is multiplied by the unit sales prices for each product budgeted
to be sold in the budget for the next year or the next period
, Budgeted Sales in Units - correct answer ✔Information in the sales budget
that feeds directly into the production budget, from which the direct materials
and direct labor budgets are created
Common Costs - correct answer ✔Overhead costs like executive salaries or
property taxes that cannot be attributed to and are not the responsibility of
specific products, departments, or business segments
Contribution Margin - correct answer ✔The difference between total sales
and variable costs; the portion of sales revenue available to cover fixed costs
and provide a profit
Contribution Margin Ratio - correct answer ✔The percentage of net sales
revenue left after variable costs are deducted; the contribution margin divided
by net sales revenue
Conversion Costs - correct answer ✔The costs of converting raw materials
to finished products; these include direct labor and manufacturing overhead
costs
Cost Behavior - correct answer ✔The way a cost is affected by changes in
activity levels
Cost Driver - correct answer ✔Numerical measure used to reflect the amount
of a specific cost associated with a particular activity
Cost Objects - correct answer ✔A product or division for which costs are
accumulated and tracked
