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

WGU Accounting-for-Decision-Makers test insides dumps
  • Exam Code: Accounting-for-Decision-Makers
  • Exam Name: WGU Accounting for Decision Makers C213 VAC2
  • Updated: Sep 14, 2026
  • Q & A: 71 Questions and Answers
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WGU Accounting-for-Decision-Makers Exam Syllabus Topics:

SectionObjectives
Budgeting and Planning- Master budget components
- Financial budgets (cash budget, budgeted income statement, budgeted balance sheet)
- Operating budgets (sales, production, direct materials, direct labor, overhead)
- Variance analysis
Decision Making and Performance Evaluation- Make-or-buy and special order decisions
- Relevant costs for decision making
- Responsibility accounting and performance metrics
- Balanced Scorecard concepts
- Capital budgeting techniques (NPV, IRR, Payback Period)
Financial Accounting Fundamentals- Understanding the accounting cycle
- Recording transactions and adjusting entries
- Preparing financial statements (Income Statement, Balance Sheet, Statement of Cash Flows)
- Accrual vs. cash basis accounting
Managerial Accounting Concepts- Cost-Volume-Profit (CVP) analysis
- Cost classification and behavior (fixed, variable, mixed costs)
- Job order and process costing
- Contribution margin and break-even analysis
Financial Statement Analysis- Interpreting financial data for decision-making purposes
- Ratio analysis (liquidity, profitability, solvency, efficiency ratios)
- Horizontal and vertical analysis

WGU Accounting for Decision Makers C213 VAC2 Sample Questions:

Question #1

What is a cost incurred as part of the production process?

  • A. Sunk cost
  • B. Period cost
  • C. Opportunity cost
  • D. Raw materials cost
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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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. $18,750
  • B. $62,500
  • C. $78,750
  • D. $152,500
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #3

What purpose do the notes within financial statements serve to the Financial Accounting Standards Board?

  • A. Providing a summary of accounting policies
  • B. Providing supplementary information as needed
  • C. Summarizing totals of financial statements
  • D. Disclosing financial statistics
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #4

A manufacturer produces three products A, B, and C.
The company uses the following information to determine activity rates for each pool.
Cost Pool
Costs
Total Activity
Pool 1
$300,000
20,000 hours
Pool 2
$20,000
500 pounds
Pool 3
$10,000
100 moves
Data concerning the three products appear in the following table.
Cost Driver
Product A
Product B
Product C
Number of hours
10,000
7,500
2,500
Number of pounds
150
250
100
Number of moves
20
40
50
What is the total amount of overhead applied to Product B?

  • A. $112,500
  • B. $158,000
  • C. $126,500
  • D. $265,000
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #5

A company's statement of cash flows includes the following cash transactions.
Sales = $1,250,000
Inventory purchase = -$750,000
Property and equipment purchase = -$280,000
Interest payment on long-term debt = -$25,000
Payment of wages = -$315,000
Payment of rent = -$40,000
Borrowing long-term debt = $200,000
Payment of cash dividends = -$15,000
Repurchase of treasury stock = -$40,000
Total cash flows = -$5,000
What is the total cash flow from investing activities?

  • A. -$310,000
  • B. -$280,000
  • C. -$55,000
  • D. -$325,000
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Explanation: Only visible for VerifiedDumps members. You can sign-up / login (it's free).

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