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Download Oracle Cost Management Cloud 2021 Implementation Essentials Exam Dumps
NEW QUESTION 20
What are three cost method choices that are available in Cost Accounting?
- A. Actual cost (LIFO or Last In First Out)
- B. Perpetual average cost
- C. Actual cost (FIFO or First In First Out)
- D. Periodic average cost
- E. Standard cost
- F. Period end average cost
Answer: A,B,C
NEW QUESTION 21
You are explaining the characteristics of a "profit in inventory" cost element to a client. Which three statements describe true characteristics of this cost element?
- A. It is only used when you do not need to maintain an arm's length relationship.
- B. It can help you understand true margins and value added by internal business units through the internal supply chain.
- C. It can help you with consolidated financial reporting.
- D. It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in the same business unit.
- E. It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in different business units.
Answer: C,D,E
NEW QUESTION 22
Your client is using Quick Setup to implement Costing. They have a requirement to track costs for manufacturing overhead. How can you make sure that this requirement is met?
- A. This requirement will already be met by the default data generated when using Quick Setup.
- B. Create the cost in Manage Cost Scenarios.
- C. You can only track costs for Direct Labor and Direct Equipment; this requirement cannot be met.
- D. Complete Quick Setup and then create the user-defined cost using the Manage Cost Component task.
Answer: A
NEW QUESTION 23
You are establishing the cost for a make assembly. When we run Cost Rollup, it is not rolling up and the Assembly shows "0" cost. However, item costs are available for child (buy) components. In the review work order cost, we are able to see child components costs, but not the rollup cost of the assembly.
Identify two reasons this happened.
- A. Burdens have not been established for the item
- B. The Work Definition is incomplete.
- C. The assembly item is marked as Perpetual Average costed.
- D. Outstanding purchase orders have not been received.
- E. The item has no on-hand inventory.
Answer: B,C
NEW QUESTION 24
Trade events for physical shipments are interfaced into the Cost Accounting subledger from which module?
- A. Purchasing
- B. Financial Orchestration
- C. Inventory
- D. Shipping
- E. Order Management
Answer: B
NEW QUESTION 25
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