WGU UFC 1 MANAGERIAL ACCOUNTING PRE-
ASSESSMENT EXAM 2025 WITH ACCURATE
SOLUTIONS
Which Feature of managerial accounting improves
a company's ability to plan and control operations?
a) It requires strict adherence to GAAP.
b) It allows comparability across businesses.
c) It provides earnings per share.
d) It generates detailed information on product
cost. - Answer✅️ ☑️It generates detailed
information on product cost.
Which statement describes period costs?
a) They flow directly to the balance sheet as
expenses.
b) They pertain to costs necessary to manufacture
the product.
,c) They flow directly to the current income
statement as expenses.
d) They include direct materials, direct labor, and
manufacturing overhead costs. - Answer✅️ ☑️ They
flow directly to the current income statement as
expenses.
A company has the following costs associated with
a job:
Direct materials: $400
Direct labor: $450
Work in process: $950
Revenue from job: $1,450
What is the amount of overhead applied to this
job?
a) $100.
b) $500.
c) $600.
d) $1,000. - Answer✅️
☑️
$100.
,Management wants to assess how many units must
be sold to earn a profit.
The most useful analysis will separate costs into
which categories?
a) Fixed and variable.
b) Direct and indirect.
c) Product and period.
d) Controllable and not controllable. -
Answer✅️ ☑️ Fixed and variable.
A manufacturing company budgeted for
$1,240,000 in manufacturing overhead and
expected 400,000 direct labor hours. Actual
overhead was $1,200,000, and actual direct labor
hours were 390,000.
Was manufacturing overhead over - or under-
applied and by how much?
a) Over-applied by $9,000.
, b) Under-applied by $9,000.
c) Over-applied by $40,000.
d) Under-applied by $40,000. - Answer✅️
☑️
Over-
applied by $9,000.
Cost of goods manufactured equals $87,000 for the
year. Finished goods inventory is $10,000 at the
beginning of the year and $4,000 at the end of the
year. Beginning and ending work in process are
$4,000 and $5,000, respectively.
How much is cost of goods sold for the year?
a) $83,000.
b) $87,000.
c) $93,000.
d) $97,000. - Answer✅️
☑️
$93,000.
The following information relates to a company's
production activities for the month of October:
Estimated cost of direct labor: $18,500
ASSESSMENT EXAM 2025 WITH ACCURATE
SOLUTIONS
Which Feature of managerial accounting improves
a company's ability to plan and control operations?
a) It requires strict adherence to GAAP.
b) It allows comparability across businesses.
c) It provides earnings per share.
d) It generates detailed information on product
cost. - Answer✅️ ☑️It generates detailed
information on product cost.
Which statement describes period costs?
a) They flow directly to the balance sheet as
expenses.
b) They pertain to costs necessary to manufacture
the product.
,c) They flow directly to the current income
statement as expenses.
d) They include direct materials, direct labor, and
manufacturing overhead costs. - Answer✅️ ☑️ They
flow directly to the current income statement as
expenses.
A company has the following costs associated with
a job:
Direct materials: $400
Direct labor: $450
Work in process: $950
Revenue from job: $1,450
What is the amount of overhead applied to this
job?
a) $100.
b) $500.
c) $600.
d) $1,000. - Answer✅️
☑️
$100.
,Management wants to assess how many units must
be sold to earn a profit.
The most useful analysis will separate costs into
which categories?
a) Fixed and variable.
b) Direct and indirect.
c) Product and period.
d) Controllable and not controllable. -
Answer✅️ ☑️ Fixed and variable.
A manufacturing company budgeted for
$1,240,000 in manufacturing overhead and
expected 400,000 direct labor hours. Actual
overhead was $1,200,000, and actual direct labor
hours were 390,000.
Was manufacturing overhead over - or under-
applied and by how much?
a) Over-applied by $9,000.
, b) Under-applied by $9,000.
c) Over-applied by $40,000.
d) Under-applied by $40,000. - Answer✅️
☑️
Over-
applied by $9,000.
Cost of goods manufactured equals $87,000 for the
year. Finished goods inventory is $10,000 at the
beginning of the year and $4,000 at the end of the
year. Beginning and ending work in process are
$4,000 and $5,000, respectively.
How much is cost of goods sold for the year?
a) $83,000.
b) $87,000.
c) $93,000.
d) $97,000. - Answer✅️
☑️
$93,000.
The following information relates to a company's
production activities for the month of October:
Estimated cost of direct labor: $18,500
