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ACCOUNTING FOR DECISION MAKERS C213 WGU 2025| BRAND NEW ACTUAL EXAM WITH 100% VERIFIED QUESTIONS AND CORRECT SOLUTIONS| GUARANTEED VALUE PACK| ACE YOUR GRADES.

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Gather evidence to be able to certify the fairness of the financial statements through: Interviews Observation Sampling Confirmation Analytical procedures - correct answer - External auditors Requiring independent audits Reviewing financial statements itself Sanctioning firms that violate its standards - correct answer - The SEC adds credibility to financial statements by Requiring independent audits Management desire to improve - correct answer - Good management accounting is motivated by: Unique competitive tool, Both financial and non financial data, Data usually kept secret within the company,Used for internal planning, control, and evaluation - correct answer - Management accounting Uniform across companies (generally accepted accounting principles), Restricted to financial data, data is made public,Used primarily by investors and creditors in deciding whether to provide capital to the company. - correct answer - Financial accounting Manufacturing overhead - correct answer - The allocation of which of the following can cause the greatest errors when computing product costs? Activities that consume overhead cost - correct answer - ABC assume that: Products consume overhead costs. - correct answer - Traditional product costing systems (e.g. job order costing and process costing) usually assume that: Identify overhead cost activities, analyze individual overhead costs in terms of those cost activities, identify measurable cost drivers, assign overhead, and use the cost data to make decisions - correct answer - 5 steps of ABC system A unit-level item associated with the overhead cost activity "operating the ice cream production process." - correct answer - Machine depreciation. A facility support item associated with the overhead cost activity "keeping the factory open." - correct answer - Building depreciation. Building insurance. A facility support item associated with the overhead cost activity "keeping the factory open. - correct answer - Building insurance. Security guards. A facility support item associated with the overhead cost activity "keeping the factory open." - correct answer - Security guards. activities that take place each time a unit of product is produced. Examples:• Machine maintenance Machine depreciation

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Institución
Wgu-c213
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Wgu-c213

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Subido en
6 de octubre de 2025
Número de páginas
103
Escrito en
2025/2026
Tipo
Examen
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…………………………………………………………………………………………….


2025-2026 ACCOUNTING FOR DECISION MAKERS C213
WGU 2025| BRAND NEW ACTUAL EXAM WITH 100%
VERIFIED QUESTIONS AND CORRECT SOLUTIONS|
GUARANTEED VALUE PACK| ACE YOUR GRADES.




ACE YOUR EXAMS
GET BEST RESULTS

,Gather evidence to be able to certify the fairness of the financial statements through:

Interviews Observation Sampling Confirmation




Analytical procedures - correct answer - External auditors




Requiring independent audits Reviewing financial statements itself

Sanctioning firms that violate its standards - correct answer - The SEC adds credibility to
financial statements by

Requiring independent audits




Management desire to improve - correct answer - Good management accounting is motivated
by:




Unique competitive tool, Both financial and non financial data, Data usually kept secret within
the company,Used for internal planning, control, and evaluation - correct answer - Management
accounting

,Uniform across companies (generally accepted accounting principles), Restricted to financial
data, data is made public,Used primarily by investors and creditors in deciding whether to
provide capital to the company. - correct answer - Financial accounting




Manufacturing overhead - correct answer - The allocation of which of the following can cause
the greatest errors when computing product costs?




Activities that consume overhead cost - correct answer - ABC assume that:




Products consume overhead costs. - correct answer - Traditional product costing systems (e.g.
job order costing and process costing) usually assume that:




Identify overhead cost activities, analyze individual overhead costs in terms of those cost
activities, identify measurable cost drivers, assign overhead, and use the cost data to make
decisions - correct answer - 5 steps of ABC system

, A unit-level item associated with the overhead cost activity "operating the ice cream production
process." - correct answer

- Machine depreciation.




A facility support item associated with the overhead cost activity "keeping the factory open." -
correct answer - Building depreciation.




Building insurance. A facility support item associated with the overhead cost activity "keeping
the factory open. - correct answer - Building insurance.




Security guards. A facility support item associated with the overhead cost activity "keeping the
factory open." - correct answer - Security guards.




activities that take place each time a unit of product is produced. Examples:• Machine
maintenance



Machine depreciation
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