Online Access Free Oracle.1z0-1074-21.v2022-07-14.q28 Practice Test (Page 6)

1Z0-1074-21 Exam Question 21

Which four statements describe what is unique about Cost Accounting for items received into inventory as consigned?

A.The liability for a consigned item occurs when there is an ownership event.

B.A consumption can automatically trigger a momentary ownership transaction before the consumption transaction.

C.There is no difference between owned inventory and consigned inventory.

D.Consigned items can appear on inventory reports with information about the eventual value of the consigned item

E.The quantity is tracked in inventory but not as an asset until there is an ownership event

F.Consigned items cannot appear on inventory reports with information about the eventual value of the consigned item.

1Z0-1074-21 Exam Question 22

Identify two ways that standard cost is calculated.

A.The standard cost is the sum of the cost of the selected option items.

B.The cost of a configured item is calculated based on the work definition of the model item.

C.Users must manually enter the cost of each configured item; the calculation is not automated.

D.The roll-up calculation can be performed to update standard costs for Cost Accounting purposes

E.The standard cost of the configured item is based on the purchase order price quoted by the supplier for the configured item.

1Z0-1074-21 Exam Question 23

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.Retro-reprice

D.Cost of Goods Sold

E.Overhead

1Z0-1074-21 Exam Question 24

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.Outstanding purchase orders have not been received.

B.The item has no on-hand inventory.

C.The Work Definition is incomplete.

D.Burdens have not been established for the item

E.The assembly item is marked as Perpetual Average costed.

1Z0-1074-21 Exam Question 25

Identify three characteristics of cost component to cost element mapping.

A.You cannot modify, duplicate, or create user-defined cost components.

B.You can only define one cost component to cost element mapping for an installation.

C.It is one of the attributes you define as part of your cost profile definitions.

D.It is user-defined.

E.It lets you define how cost component level costs will map into cost elements.

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1Z0-1074-21 Exam Question 21

1Z0-1074-21 Exam Question 22

1Z0-1074-21 Exam Question 23

1Z0-1074-21 Exam Question 24

1Z0-1074-21 Exam Question 25

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