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

  • Exam Code: Accounting-for-Decision-Makers
  • Exam Name: WGU Accounting for Decision Makers C213 VAC2
  • Updated: Sep 13, 2026     Q & A: 71 Questions and Answers

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WGU Accounting-for-Decision-Makers Exam Syllabus Topics:

SectionWeightObjectives
Controls and Regulations10–15%- Internal control systems and principles
  • 1. Risk assessment and control activities
  • 2. Compliance with laws and regulations
Financial Analysis45–50%- Financial statement analysis techniques
  • 1. Trend and comparative analysis
  • 2. Ratio analysis: liquidity, profitability, solvency
- Purpose and components of financial statements
  • 1. GAAP and reporting standards
  • 2. Balance sheet, income statement, cash flow statement
Profit Planning10–15%- Cost-volume-profit (CVP) analysis
  • 1. Break-even and target profit calculations
  • 2. Sensitivity analysis
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. Make-or-buy, special order, keep-or-drop decisions
  • 2. Capital budgeting basics

WGU Accounting for Decision Makers C213 VAC2 Sample Questions:

Question #1

What can be deduced when a company has an asset turnover of 0.95?

  • A. The company was able to generate $0.95 in profit for each dollar in assets
  • B. The company was able to generate $0.95 in sales for each dollar in assets
  • C. The company was able to generate $0.95 in equity for each dollar in assets
  • D. The company was able to generate $0.95 in liabilities for each dollar in assets
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #2

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

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

Correct Answer: A  🗳️

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Question #3

Where should a company report cash payments to acquire or construct long-term fixed assets on a statement of cash flows?

  • A. Cash flows from investing activities
  • B. Cash flows from financing activities
  • C. Cash flows from business activities
  • D. Cash flows from operating activities
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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

Correct Answer: D  🗳️

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Question #5

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

  • A. Sarbanes-Oxley Act
  • B. Securities Exchange Act
  • C. Auditing Accountability Act
  • D. Corporate Accountability Act
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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