WGU Accounting-for-Decision-Makers Q&A - in .pdf

  • Accounting-for-Decision-Makers pdf
  • Exam Code: Accounting-for-Decision-Makers
  • Exam Name: WGU Accounting for Decision Makers C213 VAC2
  • Updated: Oct 08, 2026
  • Q & A: 71 Questions and Answers
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  • Q & A: 71 Questions and Answers
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  • Exam Code: Accounting-for-Decision-Makers
  • Exam Name: WGU Accounting for Decision Makers C213 VAC2
  • Updated: Oct 08, 2026
  • Q & A: 71 Questions and Answers
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WGU Accounting-for-Decision-Makers Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Controls and Regulations10–15%- Internal control systems and principles
  • 1. Risk assessment and control activities
  • 2. Compliance with laws and regulations
Topic 2: Cost Systems20–25%- Costing methods
  • 1. Traditional costing
  • 2. Activity-based costing (ABC)
- Cost concepts and classification
  • 1. Variable, fixed, mixed costs
  • 2. Direct vs indirect costs
Topic 3: Financial Analysis45–50%- Purpose and components of financial statements
  • 1. Balance sheet, income statement, cash flow statement
  • 2. GAAP and reporting standards
- Financial statement analysis techniques
  • 1. Trend and comparative analysis
  • 2. Ratio analysis: liquidity, profitability, solvency
Topic 4: Profit Planning10–15%- Cost-volume-profit (CVP) analysis
  • 1. Sensitivity analysis
  • 2. Break-even and target profit calculations
Topic 5: Budgeting and Decision Making10–15%- Master budget and components
  • 1. Cash budgeting and forecasting
  • 2. Operating and financial budgets
- Relevant information for decision making
  • 1. Make-or-buy, special order, keep-or-drop decisions
  • 2. Capital budgeting basics

WGU Accounting for Decision Makers C213 VAC2 Sample Questions:

Question #1

Given the following information:
Pairs of shoes expected to be produced = 1,950,000
Pairs of shoes produced = 2,500,000
Overhead rate = $0.75
What is the amount of applied overhead?

  • A. $412,500
  • B. $1,462,500
  • C. $550,000
  • D. $1,875,000
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #2

What does it mean if a company has a debt ratio of 101.5%?

  • A. The company has 1.5% more total liabilities than gross sales
  • B. The company has 1.5% more total liabilities than total assets
  • C. The company has 1.5% more total liabilities than net income
  • D. The company has 1.5% more current liabilities than current assets
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #3

A company presently uses traditional volume-based costing to allocate overhead to its products.
The following table provides information on two of the company's products:
Product A
Product B
Selling price
$8
$12
Direct material
$2
$3
Direct labor
$1
$2
Applied overhead
$3
$4
Gross margin
$2
$3
Overhead that would be applied to Product A would increase to $8 per unit after identifying cost pools and cost drivers, and the overhead applied to Product B would drop to $2 per unit .
How would this change in the way overhead is allocated affect the selling price of both products?

  • A. The price of neither product would change
  • B. The price of Product A would decrease, and the price of Product B would increase
  • C. The price of Product A would increase, and the price of Product B would decrease
  • D. The price of Product A would increase, and the price of Product B would increase
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #4

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

Correct Answer: C  🗳️

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

Question #5

Which two examples represent financial statement errors?
Choose 2 answers.

  • A. An accounting department miscalculates the payroll tax due at year-end, resulting in an inaccurate liability
  • B. An accounting employee overpays a supplier and receives a portion of the excess as a kickback
  • C. An outside auditor disagrees with the amount reported as an allowance for uncollectible accounts receivable
  • D. An accountant unintentionally records amounts as revenue that were prepaid by customers but not yet earned
Reveal Solution  Discussion  0

Correct Answer: A,D  🗳️

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