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: Aug 12, 2026     Q & A: 71 Questions and Answers

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

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

                                WGU Accounting for Decision Makers C213 VAC2 Sample Questions:

                                1. A company has three product lines and has historically used the traditional costing system to allocate overhead costs to each product line. Due to significant differences in the production processes for the three product lines, the company implemented an activity-based costing study and identified the activity-based cost for each product, as shown in the following table.
                                Product A
                                Product B
                                Product C
                                Traditional cost per unit
                                $558
                                $1,375
                                $1,211
                                Activity-based cost per unit
                                $675
                                $1,585
                                $1,350
                                Selling price per unit
                                $650
                                $1,450
                                $1,300
                                What do these data points reveal about the selling price of this company's products?

                                A) The selling price for only Products A and C should increase
                                B) The selling price should increase for all three products
                                C) The selling price for only Product B should increase
                                D) No change should be made to the selling price


                                2. In January of Year 1, a company began doing business as a corporation in order to sell technology-related accessories and services. During its first month of operations, the following events occurred:
                                January 1
                                The corporation received $900,000 in cash in exchange for stock issued to stockholders.
                                January 3
                                The corporation borrowed $250,000 from a bank. The loan is a four-year loan with an interest rate of 12%, payable each year on January 1 beginning in Year 2.
                                January 5
                                The corporation purchased equipment to be used in the business for $200,000 cash.
                                January 8
                                The corporation purchased inventory costing $200,000 by paying $120,000 in cash. The remainder was put on credit accounts with suppliers.
                                January 15
                                The corporation hired five employees. Each employee will be paid $1,000 at the end of each month.
                                January 30
                                The corporation paid $6,000 cash for a one-year insurance policy. The policy period will begin on February 1, Year 1.
                                What will be the impact of the January 1 event on the company's balance sheet on that date, along with an increase to cash of $900,000?

                                A) Loan payable will increase by $900,000
                                B) Stockholders' equity will increase by $900,000
                                C) Retained earnings will increase by $900,000
                                D) Investments will increase by $900,000


                                3. A corporation has liabilities and owners' equity of $100 million and $40 million respectively. What is the amount of the asset balance in this case?

                                A) $140 million
                                B) $80 million
                                C) $60 million
                                D) $25 million


                                4. Which internal control is intended to ensure that a company does not mistakenly pay a supplier for an invoice that includes more items than were actually received?

                                A) The accounts payable department uses prenumbered checks in the payment of supplier invoices
                                B) The company requires two signatures on each check in order for a payment to be sent
                                C) The inventory department counts and inspects items as received and forwards the receiving record to accounts payable
                                D) The purchasing department authorizes the order of all items before they occur


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

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


                                Solutions:

                                Question # 1
                                Answer: B
                                Question # 2
                                Answer: B
                                Question # 3
                                Answer: A
                                Question # 4
                                Answer: C
                                Question # 5
                                Answer: A

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