Certbus > Oracle > Oracle Cloud > 1Z0-1074 > 1Z0-1074 Online Practice Questions and Answers

1Z0-1074 Online Practice Questions and Answers

Questions 4

Which two types of costs are included in the cost of contract manufactured items?

A. The cost of Items that the contract manufacturer had to purchase to perform the contract manufacturing service, and the cost of resources used by the contract manufacturer

B. The cost of items that the original equipment manufacturer (OEM) owns and has provided to the contract manufacturer for use in the process of making the output Items

C. The cost of resources consumed at the OEM's factory

D. The cost of the contract manufacturing service Item. This is the price that the contract

E. Manufacturer will charge to make the outputs and would normally be enough to cover their costs and include a fair profit.

Browse 79 Q&As
Questions 5

Identify four characteristics of a cost element.

A. Users can define any number of cost elements.

B. It is the most granular level of cost captured by upstream systems such as procurement, accounts payable, and manufacturing.

C. It is the granularity at which costs are tracked and accounted.

D. It is user-defined.

E. The mapping of cost components into cost elements is user-defined.

F. It uses date effectivity.

Browse 79 Q&As
Questions 6

Identify four processors available in the cost processor.

A. Receipt Processor

B. Cost Distribution Processor

C. Cost Reports Processor

D. Cost of Goods Sold Processor

E. Cost Accounting Processor

F. Costing Period Processor

Browse 79 Q&As
Questions 7

You can track costs at what granularity level in Cost Accounting for the actual costing method?

A. Subinventory, Make, Lot, Serial

B. Grade, Serial, Group, Lot

C. Subinventory. Lot, Serial, Grade

D. Grade, Subinventory, Locator, Serial

E. Subinventory, Lot, Serial, Locator

Browse 79 Q&As
Questions 8

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 is the sum of the cost of the selected option items.

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

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

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

Browse 79 Q&As
Questions 9

There are freight charges on an invoice. Which two setups are required to get create accounting to enter a separate accounting line for it?

A. Sub ledger accounting is set up to accomplish this out-of-the-box.

B. Line Type must be set to Freight.

C. Account Class must be set to Freight.

D. Create a condition for a journal line for freight.

Browse 79 Q&As
Questions 10

What are the predefined areas that give you visibility into the status of Receipt Accounting, on the overview page in the Receipt Accounting work area?

A. Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Transactions

B. Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Transactions

C. Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Period Validation Status

D. Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Period Validation Status

E. Receipt Accounting Processes, Accrual Schedule, Review Journal Entries, Receipt Accounting Transactions

Browse 79 Q&As
Questions 11

Which three cost planning tasks can be performed in the Cost Accounting work area?

A. Review Work Order Costs

B. Review Item Costs

C. Analyzing and Comparing Costs

D. Estimating Standard Costs for Assemblies

E. Manage Resource Rates

F. Manage Cost Accounting Periods

Browse 79 Q&As
Questions 12

A chart of accounts (COA) must be specified on the accounting method for which two situations?

A. When using ledgers that have unique accounting requirements

B. When using account combination rules

C. When account combination rules use constants

D. Every accounting method should have a COA.

E. When using segment rules

Browse 79 Q&As
Questions 13

You are trying to import the purchase order information into Receipt Accounting in the Schedule Process work are

A. Why can't you see this process?

B. Purchase order information is automatically sent to Receipt Accounting using a real-time method

C. This process can only be scheduled and run from the Receipt Accounting work area

D. You do not have the role to import purchase order information into Receipt Accounting.

E. All purchase order information is included in the Transfer Transactions from Receiving to Costing process. There is no separate process.

F. Purchase order information should not be imported into Receipt Accounting.

Browse 79 Q&As
Questions 14

You have configured your expense items to accrue at receipt. You have created a few purchase orders and want to verify that the supplier invoices have been created. Which accounting entries signal this process has taken place?

A. Debit Charge Account (expense or inventory), Credit Receiving Inspection

B. Debit Accrued Liability, Credit Accounts Payable

C. Debit Receiving Inspection, Credit Accrued Liability

D. Debit Expense, Credit Receiving Inspection

E. Debit Expense, Credit Expense Accrual

Browse 79 Q&As
Questions 15

Your client originally used Quick Setup to configure Cost Accounting However, after reviewing their costing policies, they realize that they want to cost some of their lots differently then others What must they do to accomplish this?

A. Quick Setup generates valuation units so they just have to access those valuation units and make their changes.

B. They cannot change their current configuration; data generated by Quick Setup cannot be changed.

C. They must create their valuation units manually.

D. Quick Setup generates one valuation unit so they can access this to make changes and manually create new valuation units.

Browse 79 Q&As
Questions 16

Identify four features provided by the Review Work Order Costs UI when displaying work order

A. Scrap Costs

B. Variable Costs

C. Output Costs

D. Incremental Costs

E. Input Costs

F. Standard Cost variances

Browse 79 Q&As
Questions 17

Identify two characteristics of an expense pool. (Choose two.)

A. It helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto the balance sheet as inventory value.

B. It is a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.

C. You can define the name of your expense pool, but you cannot define more than one.

D. It is used only for analyzing gross margins on noninventory sales of services.

Browse 79 Q&As
Questions 18

Which statement is true regarding the cost cutoff date in Cost Accounting?

A. It only affects whether or not you can process a cost adjustment.

B. Transactions with a transaction date after the cost cutoff date will not be processed until the cost cutoff date is changed to a date that is later than the transaction date.

C. Transactions with a transaction date after the cost cutoff date will not be processed. These transactions will never be processed in any subsequent cost processor run.

D. Transactions with a transaction date before the cost cutoff date will not be processed until the cost cutoff date is changed to a date that is before the transaction date.

Browse 79 Q&As
Exam Code: 1Z0-1074
Exam Name: Oracle Cost Management Cloud 2019 Implementation Essentials
Last Update: Sep 07, 2023
Questions: 79 Q&As

PDF

$45.99

VCE

$49.99

PDF + VCE

$59.99