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| Section | Objectives |
|---|---|
| Topic 1: Cost Accounting and Processing | - Period close and cost rollup - Cost calculation processes - Cost accounting distributions |
| Topic 2: Reporting and Analysis | - Cost reconciliation and audit - Cost analysis reports |
| Topic 3: Setup and Configuration | - Costing methods configuration - Inventory valuation setup - Cost organization and cost profiles setup |
| Topic 4: Inventory and Work Order Costing | - Manufacturing and work order costing - Inventory transactions costing |
| Topic 5: Cost Management Cloud Overview | - Key business processes and architecture - Integration with Oracle SCM Cloud |
1. 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) Burdens have not been established for the item
B) Outstanding purchase orders have not been received.
C) The item has no on-hand inventory.
D) The Work Definition is incomplete.
E) The assembly item is marked as Perpetual Average costed.
2. You need to simulate and estimate landed cost charges associated with purchase order receipts of material.
What must you create to make this possible?
A) Trade Operation
B) Routes
C) Cost Scenario
D) Charge Name
E) Orders
3. Your client wants to view Landed Cost Variance. Which pair of search options are available to view Landed Cost Variance?
A) Inventory Organization and Legal Entity
B) Business Unit and Cost Organization
C) Business Unit and Inventory Organization
D) Inventory Organization and Cost Organization
E) Legal Entity and Cost Organization
F) Business Unit and Legal Entity
4. Which two types of costs are included in the cost of contract manufactured items?
A) Manufacturer will charge to make the outputs and would normally be enough to cover their costs and include a fair profit.
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 the contract manufacturing service Item. This is the price that the contract
D) 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
E) The cost of resources consumed at the OEM's factory
5. Which three predefined areas can you review on the Overview page of Cost Accounting? (Choose three.)
A) Purchase Variance Summary
B) Item Costs
C) Journal Entries
D) Inventory Valuation
E) Cost Processing
F) Work Order Costs
Solutions:
| Question # 1 Answer: D,E | Question # 2 Answer: A | Question # 3 Answer: C | Question # 4 Answer: B,D | Question # 5 Answer: A,D,F |
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