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2025-2026 ACCOUNTING FOR DECISION MAKERS C213
WGU 2025| BRAND NEW ACTUAL EXAM WITH 100%
VERIFIED QUESTIONS AND CORRECT SOLUTIONS|
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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