Part-10:Oracle Cloud Cost Management Certifications: 1Z0-1074-20

Question 37:

At what level can you define item cost profiles?

Option's:

 A. Item cost profiles are defined within an inventory organization. There can be only one cost method for an inventory organization. 

B. Cost profiles are ultimately defined at the item level. Different items within the same inventory organization can use different cost profiles. 

C. Item cost profiles are defined at the cost organization level. All items within a cost organization must use the same cost profile. 

D. Different items within an inventory organization can use different cost profiles, but items within an item category must all use the same cost profile because that is the level at which the default cost profile is defined. 

Answer: A

Question 38:

Your customer wants to run a report to review account balances for both inventory valuation and cost of goods sold. Which two Oracle Transactional Business Intelligence reports would you run so the customer can review these balances? 

Option's:

A. Inventory Account Balances Report 

B. COGS Account Balances Report 

C. Revenue and COGS Matching Report 

D. Costing Balances Report 

E. Inventory Valuation Report 

Answer: A

Question 39:

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

Option's:

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. 

Answer: A & B

Question 40:

Identify two characteristics of a cost profile ?

Option's:

A. It is used for calculating the estimated cost of manufactured items under different scenarios. 

B. It is used for Receipt Accounting. 

C. It is where you define your Cost Accounting policies. 

D. It is where you define which cost method you want to use for the cost component to cost element mapping. 

Answer: B & C