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: Sep 15, 2026
  • Q & A: 71 Questions and Answers

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About WGU Accounting-for-Decision-Makers Exam

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

SectionObjectives
Topic 1: 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 2: 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. Operating budgets
                      • 2. Forecasting and variance analysis
                        Topic 3: Business Decision Support- Relevant Costing
                        • 1. Make or buy decisions
                          • 2. Differential cost analysis
                            - Performance Measurement
                            • 1. Financial ratios overview
                              • 2. Responsibility accounting concepts

                                WGU Accounting for Decision Makers C213 VAC2 Sample Questions:

                                Question #1

                                Under the Sarbanes-Oxley Act, which requirement must an accounting firm that audits public companies meet?

                                • A. The firm cannot audit a company for more than five years
                                • B. The firm cannot be retained only by the CFO
                                • C. The firm cannot use any forms of advertising to obtain new audit clients
                                • D. The firm cannot provide several nonaudit services such as internal audit outsourcing to its audit clients
                                Reveal Solution  Discussion  0

                                Correct Answer: D  🗳️

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                                Question #2

                                A company allocates overhead based on the number of shoes produced.
                                The company estimates the following costs and shoe production for the upcoming year:
                                Estimated total overhead = $1,250,000
                                Estimated number of shoes = 4,000,000
                                Actual overhead = $1,350,000
                                Actual number of shoes = 4,100,000
                                What is the predetermined overhead rate?

                                • A. $0.329
                                • B. $0.343
                                • C. $0.313
                                • D. $0.375
                                Reveal Solution  Discussion  0

                                Correct Answer: C  🗳️

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                                Question #3

                                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. $1,875,000
                                • D. $550,000
                                Reveal Solution  Discussion  0

                                Correct Answer: C  🗳️

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                                Question #4

                                Which body regulates a certified public accounting firm's audit practices when the firm is auditing a large, publicly traded company?

                                • A. The Financial Accounting Standards Board (FASB)
                                • B. The Financial Accounting Standards Advisory Council (FASAC)
                                • C. The Internal Revenue Service (IRS)
                                • D. The Public Company Accounting Oversight Board (PCAOB)
                                Reveal Solution  Discussion  0

                                Correct Answer: D  🗳️

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                                Question #5

                                What is an advantage of the indirect method of the cash flow statement?

                                • A. Easy to highlight the difference between direct and indirect costs
                                • B. Easy for a novice to decipher operating cash flow information
                                • C. Easy to avoid making mistakes because the method reveals indirect costs
                                • D. Easy to reconcile between net income and cash flows
                                Reveal Solution  Discussion  0

                                Correct Answer: D  🗳️

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