WGU D196 Pre-Assessment 2025/2026 ACTUAL COMPLETE
REAL TESTING EXAM QUESTIONSAND VERIFIED ANSWERS
(MULTIPLE CHOICES) ||A+ GRADED |100% CORRECT!! 2025
BRAND NEW VERSION.
What is an example of a financial cost that would result from
poor direct labor budgeting and planning?
-Delayed cash collections from credit customers
-Increased hiring, training, and overtime costs
-Excessive inventory storage costs
-Increased depreciation costs for facilities - ANSWER-Increased
hiring, training, and overtime costs
Which items are uncontrollable, external variables that make it
difficult to forecast the level of sales?
-Direct labor and advertising expenditures
-Selling price and sales effort
-Inventory level and product management
-Customer tastes and economic conditions - ANSWER-
Customer tastes and economic conditions
What is the correct sequence of budgets in a manufacturing
business?
,-Direct materials, sales, production -
Production, direct materials, sales
-Sales, direct materials, production
-Sales, production, direct materials - ANSWER-Sales,
production, direct materials
Which type of business organization has a major focus on
direct materials, direct labor, and overhead?
-Retail
-Merchandising
-Service
-Manufacturing - ANSWER-Manufacturing
What are the three primary functions that company managers
use managerial accounting information for?
-Planning, controlling, and evaluating
-Operating, investing, and financing
-Reporting, allowing, and negotiating
-Borrowing, repaying, and lending - ANSWER-Planning,
controlling, and evaluating
What is the proper accounting for a
product cost?
, -Record as a financing
cash flow
-Record immediately as an
expense
-Record as a liability on the balance sheet
-Record as an inventory cost until the item is sold - ANSWER-
Record as an inventory cost until the item is sold
How could a period cost be reported in an income
statement?
-As manufacturing
overhead
-As cost of goods
sold
-As cost of goods
manufactured
-As an administrative expense - ANSWER-As an
administrative expense
A retail company purchased inventory costing $100,000. By the
end of the year,
inventory costing $75,000 had
been sold.
How is the remaining $25,000 in inventory reported in the
financial statements?
REAL TESTING EXAM QUESTIONSAND VERIFIED ANSWERS
(MULTIPLE CHOICES) ||A+ GRADED |100% CORRECT!! 2025
BRAND NEW VERSION.
What is an example of a financial cost that would result from
poor direct labor budgeting and planning?
-Delayed cash collections from credit customers
-Increased hiring, training, and overtime costs
-Excessive inventory storage costs
-Increased depreciation costs for facilities - ANSWER-Increased
hiring, training, and overtime costs
Which items are uncontrollable, external variables that make it
difficult to forecast the level of sales?
-Direct labor and advertising expenditures
-Selling price and sales effort
-Inventory level and product management
-Customer tastes and economic conditions - ANSWER-
Customer tastes and economic conditions
What is the correct sequence of budgets in a manufacturing
business?
,-Direct materials, sales, production -
Production, direct materials, sales
-Sales, direct materials, production
-Sales, production, direct materials - ANSWER-Sales,
production, direct materials
Which type of business organization has a major focus on
direct materials, direct labor, and overhead?
-Retail
-Merchandising
-Service
-Manufacturing - ANSWER-Manufacturing
What are the three primary functions that company managers
use managerial accounting information for?
-Planning, controlling, and evaluating
-Operating, investing, and financing
-Reporting, allowing, and negotiating
-Borrowing, repaying, and lending - ANSWER-Planning,
controlling, and evaluating
What is the proper accounting for a
product cost?
, -Record as a financing
cash flow
-Record immediately as an
expense
-Record as a liability on the balance sheet
-Record as an inventory cost until the item is sold - ANSWER-
Record as an inventory cost until the item is sold
How could a period cost be reported in an income
statement?
-As manufacturing
overhead
-As cost of goods
sold
-As cost of goods
manufactured
-As an administrative expense - ANSWER-As an
administrative expense
A retail company purchased inventory costing $100,000. By the
end of the year,
inventory costing $75,000 had
been sold.
How is the remaining $25,000 in inventory reported in the
financial statements?
