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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 18, 2026

Q & A: 71 Questions and Answers

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

SectionWeightObjectives
Topic 1: Profit Planning10–15%- Cost-volume-profit (CVP) analysis
  • 1. Break-even and target profit calculations
  • 2. Sensitivity analysis
Topic 2: Financial Analysis45–50%- Purpose and components of financial statements
  • 1. GAAP and reporting standards
  • 2. Balance sheet, income statement, cash flow statement
- Financial statement analysis techniques
  • 1. Ratio analysis: liquidity, profitability, solvency
  • 2. Trend and comparative analysis
Topic 3: Budgeting and Decision Making10–15%- Relevant information for decision making
  • 1. Capital budgeting basics
  • 2. Make-or-buy, special order, keep-or-drop decisions
- Master budget and components
  • 1. Cash budgeting and forecasting
  • 2. Operating and financial budgets
Topic 4: Controls and Regulations10–15%- Internal control systems and principles
  • 1. Compliance with laws and regulations
  • 2. Risk assessment and control activities
Topic 5: Cost Systems20–25%- Costing methods
  • 1. Traditional costing
  • 2. Activity-based costing (ABC)
- Cost concepts and classification
  • 1. Variable, fixed, mixed costs
  • 2. Direct vs indirect costs

WGU Accounting for Decision Makers C213 VAC2 Sample Questions:

Question #1

Who does Sarbanes-Oxley apply to?

  • A. Nonpublic wholly-owned subsidiaries of foreign companies doing business in the United States
  • B. Publicly traded, wholly-owned subsidiaries of foreign companies doing business in the United States
  • C. Nonpublic companies in the United States
  • D. Publicly traded companies in the United States
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #2

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. $1,462,500
  • B. $412,500
  • C. $550,000
  • D. $1,875,000
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #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. $25 million
  • B. $60 million
  • C. $140 million
  • D. $80 million
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #4

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 liabilities 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 sales for each dollar in assets
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #5

Which organization establishes rules U.S. companies use to record and report accounting transactions?

  • A. Internal Revenue Service
  • B. Accounting Principles Board
  • C. Financial Accounting Standards Board
  • D. Securities and Exchange Commission
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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