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PRINCIPLES OF FINANCIAL AND MANAGERIAL ACCOUNTING D196 WGU EXAM QUESTIONS WITH CORRECT ANSWERS ALL VERIFIED BY AN EXPERT A+ GRADED (LATEST UPDATE)$12.99
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PRINCIPLES OF FINANCIAL AND MANAGERIAL ACCOUNTING D196 WGU EXAM QUESTIONS WITH CORRECT ANSWERS ALL VERIFIED BY AN EXPERT A+ GRADED (LATEST UPDATE)
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Course
WGU D196
Institution
WGU D196
the production budget - ANS Sales budget + ending finished goods inventory - beginning finished goods inventory
direct materials production budget - ANS Production budget × direct materials per unit
the direct materials purchases budget - ANS Direct materials production budget + ending...
K
C
LO
PRINCIPLES OF FINANCIAL
YC
AND MANAGERIAL
D
ACCOUNTING D196 WGU
U
EXAM QUESTIONS WITH
ST
CORRECT ANSWERS ALL
VERIFIED BY AN EXPERT A+
GRADED (LATEST UPDATE)
, the production budget - ANS Sales budget + ending finished goods inventory - beginning
finished goods inventory
direct materials production budget - ANS Production budget × direct materials per unit
the direct materials purchases budget - ANS Direct materials production budget + ending direct
materials inventory - beginning direct materials inventory
Cash collected from customers - ANS (current period revenue × current period collection rate)
+ cash collected from previous period sales
K
Cash payments to suppliers - ANS (current period purchases × current period payment rate) +
cash paid on previous period purchases
C
Cost Variance - ANS Difference between actual costs and budgeted costs
LO
Contribution Margin - ANS = Sales Revenue - Variable Costs
The difference between total sales and variable costs; the portion of sales revenue available to
cover fixed costs and provide a profit.
Target Income - ANS = Sales Revenue - Variable Costs - Fixed Costs
YC
A profit level desired by management.
At break-even - ANS Target income = 0
Sales Revenue - ANS = Sales Price x Number of Units
D
Variable Costs - ANS = Variable Cost per Unit x Number of Units
Costs that change in total in direct proportion to changes in activity level.
U
Variable Cost Ratio x Sales Revenue - ANS Variable Costs
Unit-level activities - ANS Activities that take place each time a unit of product is produced.
ST
Batch-level activities - ANS Activities that take place in order to support a batch or production
run, regardless of the size of the batch.
Product-line Activities - ANS Activities that take place in order to support a product line,
regardless of the number of batches or individual units produced.
cost pool - ANS Total cost being generated by a specific overhead cost activity.
cost driver - ANS A numerical measure used to reflect the amount of a specific cost that is
associated with a particular activity
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