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WGU Principles of Financial and Managerial Accounting - D196 Practice Test NEWEST EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+.$20.99
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WGU Principles Of Financial And Managerial Account
WGU Principles of Financial and Managerial Account
Exam (elaborations)
WGU Principles of Financial and Managerial Accounting - D196 Practice Test NEWEST EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+.
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WGU Principles of Financial and Managerial Account
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WGU Principles Of Financial And Managerial Account
WGU Principles of Financial and Managerial Accounting - D196 Practice Test NEWEST EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+.
WGU Principles of Financial and Managerial
Accounting - D196 Practice Test NEWEST EXAM
COMPLETE QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) |ALREADY
GRADED A+.
Which item is a period cost? ✔✔ANSWER✔✔Utility bills to heat the
headquarters building
Which statement is true with respect to activity-based costing (ABC)
systems? ✔✔ANSWER✔✔An ABC system allocates overhead based on
multiple activities.
How is overhead allocated in an ABC system? ✔✔ANSWER✔✔Activity
rate multiplied by number of cost driver events
In an ABC system, which name is given to a numerical measure
reflecting the amount of a cost associated with a particular overhead
cost activity? ✔✔ANSWER✔✔Cost driver
How are production costs treated in a process costing system?
✔✔ANSWER✔✔Costs are accumulated by process and averaged over
all products made during the period.
, How is the production cost per unit computed in a process costing
system? ✔✔ANSWER✔✔Amount of total production cost divided by
the number of units completed during a particular period of time
For which production process is process costing the appropriate costing
method to use? ✔✔ANSWER✔✔Refining gasoline in a petroleum
facility
Which overhead allocation method should be used for a business that
mass-produces breakfast cereal? ✔✔ANSWER✔✔Process costing
What is the correct sequence for the flow of costs through a job order
costing system? ✔✔ANSWER✔✔Raw materials inventory, work-in-
process inventory, finished goods inventory, cost of goods sold
What is the effect of a company's accounting department maintaining
high ethical standards? ✔✔ANSWER✔✔The company's accounting
information will increase in value.
Why might employees be interested in their company's financial
accounting information? ✔✔ANSWER✔✔Financial statement data are
often used in determining employee bonuses.
Which group establishes financial accounting rules in the United States?
✔✔ANSWER✔✔Financial Accounting Standards Board (FASB)
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