Part-12:Oracle Cloud Cost Management Certifications: 1Z0-1074-20

Question 45:

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

Option's:

A. It is based on the material and resource requirements of a released work order. 

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 actual cost of the work order after it is completed. 

Answer: B

Question 46

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 ?

Option's:

A. The item has no on-hand inventory. 

B. The assembly item is marked as Perpetual Average costed. 

C. Outstanding purchase orders have not been received. 

D. The Work Definition is incomplete. 

E. Burdens have not been established for the item 

Answer: C & D

Question 47

Identify two ways that standard cost is calculated ?

Option's:

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 

Answer: B & E

Question 48

You have finished creating your sub ledger journal entry rule sets and see that they are still in the incomplete status. Which two steps will ensure that the journal entries are generated? 

Option's:

A. Run the "Activate Accounting Methods" process. 

B. Validate the sub ledger journal entry rule sets using Validate Journal Entry Rule Set. 

C. Run the "Activate Sub ledger Journal Entry Rule Set Assignments" process. 

D. Add the sub ledger journal entry rule sets to the Manage Journal Entry Rule Set task 

E. Add the sub ledger journal entry rule sets to the Manage Accounting Methods task. 

Answer: B & C