WGU D196- Principles of Financial and Managerial
Accounting |OA| Objective Assessment| Actual
Questions and Answers Latest Updated
(Graded A+)
Correct
Incorrect
D196- Principles of Financial and Managerial Accounting |OA
, 1 of 86
Term
What is the predetermined overhead rate?
A. This is estimated manufacturing overhead cost for the year divided
by a total estimated activity base (such as machine hours, direct labor
hours, direct labor cost, and so forth).
B. The amount of the manufacturing overhead that is assigned to the
goods produced.
Give this one a try later!
A. The amount of the manufacturing overhead that is assigned to the goods
produced.
B. The excess of actual manufacturing overhead costs over the applied
manufacturing overhead costs for the period.
A. This is estimated manufacturing overhead cost for the year divided by a
total estimated activity base (such as machine hours, direct labor hours, direct
labor cost, and so forth).
A. Overhead cost pool divided by cost driver
Don't know?
, 2 of 86
Term
Buildings are classified as? (pick one)
A. Asset
B. Liability
C. Equity
D. Revenue
E. Expense
F. Dividend
Give this one a try later!
A. Asset B. Liability
E. Expense C. Equity
Don't know?
, 3 of 86
Term
What is actual manufacturing overhead?
A. Budgeted manufacturing overhead costs that are used to establish
the predetermined overhead rate.
B. Manufacturing costs other than direct materials and direct labor.
Give this one a try later!
C. Total cost being generated by a
A. Manufacturing Budget
specific overhead cost activity.
B. Costs over which a manager does B. Manufacturing costs other
not have direct authority and cannot than direct materials and direct
change. labor.
Don't know?
Accounting |OA| Objective Assessment| Actual
Questions and Answers Latest Updated
(Graded A+)
Correct
Incorrect
D196- Principles of Financial and Managerial Accounting |OA
, 1 of 86
Term
What is the predetermined overhead rate?
A. This is estimated manufacturing overhead cost for the year divided
by a total estimated activity base (such as machine hours, direct labor
hours, direct labor cost, and so forth).
B. The amount of the manufacturing overhead that is assigned to the
goods produced.
Give this one a try later!
A. The amount of the manufacturing overhead that is assigned to the goods
produced.
B. The excess of actual manufacturing overhead costs over the applied
manufacturing overhead costs for the period.
A. This is estimated manufacturing overhead cost for the year divided by a
total estimated activity base (such as machine hours, direct labor hours, direct
labor cost, and so forth).
A. Overhead cost pool divided by cost driver
Don't know?
, 2 of 86
Term
Buildings are classified as? (pick one)
A. Asset
B. Liability
C. Equity
D. Revenue
E. Expense
F. Dividend
Give this one a try later!
A. Asset B. Liability
E. Expense C. Equity
Don't know?
, 3 of 86
Term
What is actual manufacturing overhead?
A. Budgeted manufacturing overhead costs that are used to establish
the predetermined overhead rate.
B. Manufacturing costs other than direct materials and direct labor.
Give this one a try later!
C. Total cost being generated by a
A. Manufacturing Budget
specific overhead cost activity.
B. Costs over which a manager does B. Manufacturing costs other
not have direct authority and cannot than direct materials and direct
change. labor.
Don't know?
