Online Access Free 1z0-987 Exam Questions

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

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

What are three cost method choices that are available in Cost Accounting?

• A.Periodic average cost
• B.Actual cost (LIFO or Last In First Out)
• C.Actual cost (FIFO or First In First Out)
• D.Standard cost
• E.Period end average cost
• F.Perpetual average cost

Your client wants to set up some of their items as expense items and then enable them to be accrued at period end for one of their business units.
Which two configurations will support this request?

• A.Product Information Item > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "No".
• B.Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to Period End.
• C.Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at Period End.
• D.Product Information Item > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes".
• E.Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to At Receipt.
• F.Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt.

How is the standard cost of a manufactured configured item calculated?

• A.It is based on the actual cost of the work order after it is completed.
• B.The standard cost of a model item is calculated.
• C.The standard cost is calculated for every possible combination of options under a model
• D.It is based on the material and resource requirements of a released work order.

If the accounting method does not have an assigned chart of accounts (COA), which option is valid?

• A.The accounting method may only be used by ledgers without a COA.
• B.The accounting method can be assigned to any ledger.
• C.Any secondary ledger that uses the method cannot have a COA.
• D.Accounting rules cannot override the accounting method.
• E.The accounting method must have a mapping set to convert the accounts.