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

  • Exam Code: Accounting-for-Decision-Makers
  • Exam Name: WGU Accounting for Decision Makers C213 VAC2
  • Updated: Oct 05, 2026   Q&As: 71 Questions and Answers

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WGU Accounting-for-Decision-Makers Exam Syllabus Topics:
SectionObjectives
Managerial Accounting for Decision Making- Cost Behavior
  • 1. Mixed costs analysis
    • 2. Fixed vs variable costs
      - Cost-Volume-Profit Analysis
      • 1. Contribution margin concepts
        • 2. Break-even analysis
          - Budgeting and Planning
          • 1. Operating budgets
            • 2. Forecasting and variance analysis
              Business Decision Support- Relevant Costing
              • 1. Differential cost analysis
                • 2. Make or buy decisions
                  - Performance Measurement
                  • 1. Financial ratios overview
                    • 2. Responsibility accounting concepts
                      Financial Accounting Fundamentals- Financial Statements
                      • 1. Cash Flow Statement basics
                        • 2. Income Statement analysis
                          • 3. Balance Sheet structure
                            - Accounting Principles
                            • 1. Revenue recognition concepts
                              • 2. Accrual vs cash accounting
                                WGU Accounting for Decision Makers C213 VAC2 Sample Questions:
                                Question #1

                                During the year, a company purchased goods on a credit basis for its supplies of $750.
                                What would be the impact on the accounting equation and financial statement?

                                • A. Decrease in assets by $750 and decrease in liability by $750
                                • B. Decrease in assets by $750 and increase in liability by $750
                                • C. Increase in assets by $750 and decrease in liability by $750
                                • D. Increase in assets by $750 and increase in liability by $750
                                Reveal Solution  Discussion  0

                                Correct Answer: D  🗳️

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                                Question #2

                                How are activity-based costing systems different from traditional costing systems?

                                • A. Activity-based costing systems require less time and expense to administer than traditional costing systems
                                • B. Activity-based costing systems are used with homogeneous products while traditional costing systems are used with heterogeneous products
                                • C. Activity-based costing systems provide a more precise assignment of overhead costs when multiple products are manufactured than traditional costing systems do
                                • D. Activity-based costing systems are based on a single cost driver and traditional costing systems are based on multiple cost drivers
                                Reveal Solution  Discussion  0

                                Correct Answer: C  🗳️

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

                                Question #3

                                A company has projected the following sales for the spring quarter of a year:
                                April = $300,000
                                May = $325,000
                                June = $375,000
                                Cash is used to pay for 65% of all sales. The remainder is on credit.
                                The pattern for credit receivables collections is as follows:
                                * Month of sale = 60%
                                * Month after sale = 30%
                                * Second month after sale = 10%
                                What are the projected cash sales for all three months of the spring quarter?

                                • A. $350,000
                                • B. $650,000
                                • C. $105,000
                                • D. $195,000
                                Reveal Solution  Discussion  0

                                Correct Answer: B  🗳️

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                                Question #4

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

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

                                Correct Answer: C  🗳️

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                                Question #5

                                Which ratio provides a measure of how well a company turns sales into profits?

                                • A. Return on profit
                                • B. Return on sales
                                • C. Return on costs
                                • D. Return on expenses
                                Reveal Solution  Discussion  0

                                Correct Answer: B  🗳️

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

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