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 08, 2026     Q & A: 71 Questions and Answers

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

SectionWeightObjectives
Topic 1: Cost Systems20–25%- Costing methods
  • 1. Activity-based costing (ABC)
  • 2. Traditional costing
- Cost concepts and classification
  • 1. Direct vs indirect costs
  • 2. Variable, fixed, mixed costs
Topic 2: 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
Topic 3: Controls and Regulations10–15%- Internal control systems and principles
  • 1. Risk assessment and control activities
  • 2. Compliance with laws and regulations
Topic 4: Profit Planning10–15%- Cost-volume-profit (CVP) analysis
  • 1. Break-even and target profit calculations
  • 2. Sensitivity analysis
Topic 5: 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. Balance sheet, income statement, cash flow statement
  • 2. GAAP and reporting standards

WGU Accounting for Decision Makers C213 VAC2 Sample Questions:

1. Which two details can management determine through a cost-volume-profit analysis?
Choose 2 answers.

A) The impact that a change in cost would have on a business organization's profit margin in the future
B) The impact of past transactions on a business organization's profit margin
C) The impact of a change in a business organization's number of units sold to reach a certain profit margin in the future
D) The impact of past income tax costs on a business organization's profit margin


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


3. Last year, X Corporation had sales of $500,000 and total expenses of $300,000. A manager of the company is entitled to get a sales commission of 10% of net profit.
What amount of sales commission is to be recognized at year-end?

A) $10,000
B) $50,000
C) $20,000
D) $30,000


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 sales for each dollar in assets
D) The company was able to generate $0.95 in equity for each dollar in assets


5. Which two items increase net income?
Choose 2 answers.

A) Gain on sale of assets
B) Interest income
C) Income tax expense
D) Cost of sales


Solutions:

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

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