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WGU Accounting-for-Decision-Makers Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Financial Accounting Fundamentals | - Accounting Principles
|
| Managerial Accounting for Decision Making | - Cost-Volume-Profit Analysis
|
| Business Decision Support | - Performance Measurement
|
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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