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

WGU Accounting-for-Decision-Makers Actual PDF
  • Exam Code: Accounting-for-Decision-Makers
  • Exam Name: WGU Accounting for Decision Makers C213 VAC2
  • Updated: Oct 09, 2026
  • Q & A: 71 Questions and Answers
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WGU Accounting-for-Decision-Makers Exam Syllabus Topics:

SectionWeightObjectives
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
Profit Planning10–15%- Cost-volume-profit (CVP) analysis
  • 1. Sensitivity analysis
  • 2. Break-even and target profit calculations
Cost Systems20–25%- Cost concepts and classification
  • 1. Variable, fixed, mixed costs
  • 2. Direct vs indirect costs
- Costing methods
  • 1. Activity-based costing (ABC)
  • 2. Traditional costing
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. Capital budgeting basics
  • 2. Make-or-buy, special order, keep-or-drop decisions
Controls and Regulations10–15%- Internal control systems and principles
  • 1. Compliance with laws and regulations
  • 2. Risk assessment and control activities

WGU Accounting for Decision Makers C213 VAC2 Sample Questions:

Question #1

Which overhead cost is associated with batch-level activities?

  • A. Product engineering wages
  • B. Factory insurance
  • C. Machine setups
  • D. Property taxes
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #2

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

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

Correct Answer: C,D  🗳️

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Question #3

Which act was implemented as a result of the corporate scandals at companies such as Enron and WorldCom?

  • A. Corporate Accountability Act
  • B. Sarbanes-Oxley Act
  • C. Auditing Accountability Act
  • D. Securities Exchange Act
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. $158,000
  • B. $126,500
  • C. $265,000
  • D. $112,500
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #5

Which role do ethical standards have in management accounting?

  • A. To guide the resolution to possible ethical dilemmas that the managerial accountant may encounter
  • B. To provide the management accountant with the ability to know whether a person will act ethically or not
  • C. To prevent all unethical behavior of anyone the management accountant may work with
  • D. To provide the management accountant with the ability to work with only companies that follow strict ethical principles
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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