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

  • Exam Code: WGU
  • Exam Name: WGU Accounting for Decision Makers C213 VAC2
  • Updated: Aug 06, 2026
  • Q & A: 71 Questions and Answers

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WGU Accounting-for-Decision-Makers Exam Syllabus Topics:
SectionObjectives
Decision Making and Performance Evaluation- Capital budgeting techniques (NPV, IRR, Payback Period)
- Balanced Scorecard concepts
- Make-or-buy and special order decisions
- Responsibility accounting and performance metrics
- Relevant costs for decision making
Financial Statement Analysis- Interpreting financial data for decision-making purposes
- Ratio analysis (liquidity, profitability, solvency, efficiency ratios)
- Horizontal and vertical analysis
Financial Accounting Fundamentals- Preparing financial statements (Income Statement, Balance Sheet, Statement of Cash Flows)
- Accrual vs. cash basis accounting
- Recording transactions and adjusting entries
- Understanding the accounting cycle
Budgeting and Planning- Financial budgets (cash budget, budgeted income statement, budgeted balance sheet)
- Operating budgets (sales, production, direct materials, direct labor, overhead)
- Master budget components
- Variance analysis
Managerial Accounting Concepts- Cost-Volume-Profit (CVP) analysis
- Job order and process costing
- Cost classification and behavior (fixed, variable, mixed costs)
- Contribution margin and break-even analysis
WGU Accounting for Decision Makers C213 VAC2 Sample Questions:

1. A company manufactures and sells widgets. The following information is available:
* Total fixed costs per month are $300,000
* The variable cost per widget is $50
* Each widget sells for $100
How many widgets does the company need to sell each month to break even?

A) 3,000
B) 6,000
C) 4,500
D) 2,000


2. The following list provides partial financial information for a company.
Current assets = $36,543
Total assets = $58,719
Current liabilities = $24,824
Total liabilities = $48,561
Stockholders' equity = $10,158
Sales = $46,997
Net income = $3,761
Market value of equity = $41,316
What is the current ratio for this company?

A) 1.47
B) 4.78
C) 0.83
D) 1.38


3. Which two procedures do external auditors use to gain confidence in the quality of a company's financial reporting processes?
Choose 2 answers.

A) They perform a marketing analysis to determine demand for the company's products or services
B) They examine records to support balances and transactions
C) They poll the public regarding the company's external image
D) They obtain confirmations from third parties the company does business with
E) They conduct a customer satisfaction survey


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 liabilities for each dollar in assets
B) The company was able to generate $0.95 in equity 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 profit for each dollar in assets


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

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


Solutions:

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

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