Online Access Free 1z0-1074-20 Exam Questions

Which three features are included in Receipt Accounting?

• A.Create Receipt Accounting Distribution
• B.Review Journal Entries
• C.Review Item Costs
• D.Adjust Receipt Accrual Clearing Balances
• E.Analyze Standard Purchase Cost Variances

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.You can only track costs for Direct Labor and Direct Equipment; this requirement cannot be met.
• B.Create the cost in Manage Cost Scenarios.
• C.This requirement will already be met by the default data generated when using Quick Setup.
• D.Complete Quick Setup and then create the user-defined cost using the Manage Cost Component task.

An invoice is created in a foreign currency. The invoice is not paid until several weeks later. By then, the currency conversion rate has changed.
How do you get the journal line rule to calculate the gain or loss?

• A.Turn on the Subledger Gain or Loss Option.
• B.Subledger Accounting is already set up to process it.
• C.Create a secondary ledger to track gain/loss.
• D.Create a foreign reporting currency to track gain/loss.

After "Cost Accounting Processor" has processed the physical inventory classification of transactions which transaction types will it process next?

• A.Adjustments
• B.In-transit
• C.Cost of Goods Sold
• D.Overhead
• E.Retro-reprice

Identify two ways that standard cost is calculated.

• A.Users must manually enter the cost of each configured item; the calculation is not automated.
• B.The standard cost of the configured item is based on the purchase order price quoted by the supplier for the configured item.
• C.The cost of a configured item is calculated based on the work definition of the model item.
• D.The roll-up calculation can be performed to update standard costs for Cost Accounting purposes
• E.The standard cost is the sum of the cost of the selected option items.