Question No. 1

Landed Cost Variance Analysis can be performed based on which three dimension combinations?

ABusiness Unit/Landed Cost Charge/Cost Organization

BItem/Business Unit/Route

CItem Category/Material Supplier/Landed Cost Charge

DInventory Organization/Landed Cost Charge/Third Party Supplier

EItem Catalog/Inventory Organization/Business Unit

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Correct Answer: E

Question No. 2

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

AWhen using ledgers that have unique accounting requirements

BWhen using account combination rules

CWhen account combination rules use constants

DEvery accounting method should have a COA.

EWhen using segment rules

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Correct Answer: D, E

Question No. 3

Identify two criteria to select a specific work definition in an inventory organization when defining a cost estimation in a Cost Planning scenario

AWork definitions with the highest costing priority

BWork definitions with the lowest production priority

CWork definitions with specific unit numbers

DWork definitions without alternates

EWork definitions with the highest production priority

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Correct Answer: A, E

Question No. 4

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

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

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

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

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

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Correct Answer: A, B

Question No. 5

Assume today is November 15, 2015, and you are getting ready to implement new standard costs for the new year Your cost planning scenario has a January 1, 2016 effective date. An item has three work definitions. One work definition has an October l, 2015 effective date. A second work definition has a December 1, 2015 effective date. A third work definition has a January 2, 2016 effective date.

How will the application select the work definition?

AIt will use the work definition with the January 2, 2016 effective date.

BDepending on the selection criteria, it will use the work definition with the December l, 2015 effective date or the work definition with the October l, 2015 effective date.

CIt must always use the work definition with the October 1, 2015 effective date.

DYou will receive an error because the application will detect that all three are plausible, and it will be unable to determine which one to choose.

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Correct Answer: D

Free Oracle 1Z0-1074-23 Exam Actual Questions

The questions for 1Z0-1074-23 were last updated On Nov 4, 2024