5/9/25, 1:49 PM WGU D101 Cost and Managerial Accounting ACTUAL EXAM TEST QUESTIONS & ANSWERS (A+ GRADED 100% VERIFIED…
Scheduled maintenance: May 10, 2025 from 07:00 AM to 10:00 AM
WGU D101 Cost and Managerial Accounting
ACTUAL EXAM TEST QUESTIONS & ANSWERS
(A+ GRADED 100% VERIFIED) 2025 LATEST!!
Save
Terms in this set (85)
Actual Manufacturing Manufacturing costs other than direct materials and
Overhead direct labor
The amount of the manufacturing overhead that is
Applied Manufacturing assigned to the goods produced; this is usually
Overhead done by using a predetermined annual overhead
rate
Activities that take place to support a batch or
Batch-level Activities
production run, regardless of the size of the batch
The ending-work-in-process inventory that is
Beginning Work-in-
carried over from the last accounting period to the
process Inventory
current accounting period
The amount of sales at which total costs of the
Break-even Point number of units sold equal total revenues; the point
at which there is no profit or loss
The budgeted number of units to be produced in a
Budgeted Production in period, taking into consideration the sales volume,
Units the number of units in beginning inventory, and the
number of units required to be in ending inventory
https://quizlet.com/1041911005/wgu-d101-cost-and-managerial-accounting-actual-exam-test-questions-answers-a-graded-100-verified-2025-lates… 1/9
, 5/9/25, 1:49 PM WGU D101 Cost and Managerial Accounting ACTUAL EXAM TEST QUESTIONS & ANSWERS (A+ GRADED 100% VERIFIED…
The result when the budgeted sales in units is
Budgeted Sales in multiplied by the unit sales prices for each product
Dollars budgeted to be sold in the budget for the next year
or the next period
Information in the sales budget that feeds directly
Budgeted Sales in Units into the production budget, from which the direct
materials and direct labor budgets are created
Overhead costs like executive salaries or property
taxes that cannot be attributed to and are not the
Common Costs
responsibility of specific products, departments, or
business segments
The difference between total sales and variable
Contribution Margin costs; the portion of sales revenue available to
cover fixed costs and provide a profit
The percentage of net sales revenue left after
Contribution Margin
variable costs are deducted; the contribution
Ratio
margin divided by net sales revenue
The costs of converting raw materials to finished
Conversion Costs products; these include direct labor and
manufacturing overhead costs
The way a cost is affected by changes in activity
Cost Behavior
levels
Numerical measure used to reflect the amount of a
Cost Driver
specific cost associated with a particular activity
A product or division for which costs are
Cost Objects
accumulated and tracked
Total cost being generated by a specific overhead
Cost Pool
cost activity
Cost of Goods Total of all manufacturing costs
Manufactured
https://quizlet.com/1041911005/wgu-d101-cost-and-managerial-accounting-actual-exam-test-questions-answers-a-graded-100-verified-2025-lates… 2/9
Scheduled maintenance: May 10, 2025 from 07:00 AM to 10:00 AM
WGU D101 Cost and Managerial Accounting
ACTUAL EXAM TEST QUESTIONS & ANSWERS
(A+ GRADED 100% VERIFIED) 2025 LATEST!!
Save
Terms in this set (85)
Actual Manufacturing Manufacturing costs other than direct materials and
Overhead direct labor
The amount of the manufacturing overhead that is
Applied Manufacturing assigned to the goods produced; this is usually
Overhead done by using a predetermined annual overhead
rate
Activities that take place to support a batch or
Batch-level Activities
production run, regardless of the size of the batch
The ending-work-in-process inventory that is
Beginning Work-in-
carried over from the last accounting period to the
process Inventory
current accounting period
The amount of sales at which total costs of the
Break-even Point number of units sold equal total revenues; the point
at which there is no profit or loss
The budgeted number of units to be produced in a
Budgeted Production in period, taking into consideration the sales volume,
Units the number of units in beginning inventory, and the
number of units required to be in ending inventory
https://quizlet.com/1041911005/wgu-d101-cost-and-managerial-accounting-actual-exam-test-questions-answers-a-graded-100-verified-2025-lates… 1/9
, 5/9/25, 1:49 PM WGU D101 Cost and Managerial Accounting ACTUAL EXAM TEST QUESTIONS & ANSWERS (A+ GRADED 100% VERIFIED…
The result when the budgeted sales in units is
Budgeted Sales in multiplied by the unit sales prices for each product
Dollars budgeted to be sold in the budget for the next year
or the next period
Information in the sales budget that feeds directly
Budgeted Sales in Units into the production budget, from which the direct
materials and direct labor budgets are created
Overhead costs like executive salaries or property
taxes that cannot be attributed to and are not the
Common Costs
responsibility of specific products, departments, or
business segments
The difference between total sales and variable
Contribution Margin costs; the portion of sales revenue available to
cover fixed costs and provide a profit
The percentage of net sales revenue left after
Contribution Margin
variable costs are deducted; the contribution
Ratio
margin divided by net sales revenue
The costs of converting raw materials to finished
Conversion Costs products; these include direct labor and
manufacturing overhead costs
The way a cost is affected by changes in activity
Cost Behavior
levels
Numerical measure used to reflect the amount of a
Cost Driver
specific cost associated with a particular activity
A product or division for which costs are
Cost Objects
accumulated and tracked
Total cost being generated by a specific overhead
Cost Pool
cost activity
Cost of Goods Total of all manufacturing costs
Manufactured
https://quizlet.com/1041911005/wgu-d101-cost-and-managerial-accounting-actual-exam-test-questions-answers-a-graded-100-verified-2025-lates… 2/9
