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WGU Accounting for Decision Makers C213 VAC2 : Accounting-for-Decision-Makers

Accounting-for-Decision-Makers

Exam Code: Accounting-for-Decision-Makers

Exam Name: WGU Accounting for Decision Makers C213 VAC2

Updated: Sep 16, 2026

Q & A: 71 Questions and Answers

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WGU Accounting-for-Decision-Makers Exam Syllabus Topics:
SectionObjectives
Financial Accounting Fundamentals- Accounting Principles
  • 1. Revenue recognition concepts
    • 2. Accrual vs cash accounting
      - Financial Statements
      • 1. Income Statement analysis
        • 2. Cash Flow Statement basics
          • 3. Balance Sheet structure
            Managerial Accounting for Decision Making- Cost-Volume-Profit Analysis
            • 1. Break-even analysis
              • 2. Contribution margin concepts
                - Cost Behavior
                • 1. Fixed vs variable costs
                  • 2. Mixed costs analysis
                    - Budgeting and Planning
                    • 1. Operating budgets
                      • 2. Forecasting and variance analysis
                        Business Decision Support- Performance Measurement
                        • 1. Responsibility accounting concepts
                          • 2. Financial ratios overview
                            - Relevant Costing
                            • 1. Differential cost analysis
                              • 2. Make or buy decisions
                                WGU Accounting for Decision Makers C213 VAC2 Sample Questions:

                                Question #1
                                A company budgeted the following purchases for raw materials:
                                January = $10,000
                                February = $20,000
                                March = $25,000
                                April = $22,000
                                May = $27,000
                                June = $30,000
                                July = $24,000
                                The company has a policy of paying for 40% of purchases in the month of the purchase, 35% in the month following the purchase, and 25% in the second month following the purchase.
                                What are the budgeted cash disbursements for May based on this information?

                                A. $25,050
                                B. $27,300
                                C. $24,750
                                D. $18,500


                                Question #2
                                A company plans to purchase inventory for the second half of a year as follows:
                                July = $100,000
                                August = $75,000
                                September = $225,000
                                October = $125,000
                                November = $250,000
                                December = $30,000
                                The company usually pays 50% of inventory purchases in the month of purchase, 35% in the following month, and 15% in the second month.
                                What are the forecasted October cash payments based on this information?

                                A. $62,500
                                B. $78,750
                                C. $18,750
                                D. $152,500


                                Question #3
                                Which two details can management determine through a cost-volume-profit analysis?
                                Choose 2 answers.

                                A. The impact of past transactions on a business organization's profit margin
                                B. The impact of past income tax costs on a business organization's profit margin
                                C. The impact of a change in a business organization's number of units sold to reach a certain profit margin in the future
                                D. The impact that a change in cost would have on a business organization's profit margin in the future


                                Question #4
                                What can be determined when a firm performs an external audit of a company's financial statements?

                                A. Whether a company's financial statements fairly reflect its financial position
                                B. Whether a company's financial statements indicate it made a profit
                                C. Whether a company's financial statements indicate that the company has to pay income taxes
                                D. Whether a company's financial statements were prepared by a trained bookkeeper


                                Question #5
                                A company manufactures leather products and has recently switched to the activity-based costing (ABC) method. It needs to determine the cost of its leather wallets. The company is already aware of its DM and DL costs.
                                What is the first step to calculating the cost of the product?

                                A. Double check the DM & DL calculations
                                B. Identify overhead cost activities
                                C. Calculate G & A
                                D. Assign overhead costs


                                Solutions:

                                Question #1
                                Correct Answer: A
                                Question #2
                                Correct Answer: D
                                Question #3
                                Correct Answer: C,D
                                Question #4
                                Correct Answer: A
                                Question #5
                                Correct Answer: B

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