Part-2:Oracle Cloud Cost Management Certifications: 1Z0-1074-20

Question 5

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

 

Option's:
A. Work definitions without alternates
B. Work definitions with specific unit numbers
C. Work definitions with the highest production priority
D. Work definitions with the lowest production cost
E. Work definitions with the highest costing priority

 

Answer: B D (CE)


Question 6

What are three cost method choices that are available in Cost Accounting?

 

Option's:
A. Period end average cost
B. Actual cost (LIFO or Last In First Out)
C. Periodic average cost
D. Standard cost
E. Perpetual average cost
F. Actual cost (FIFO or First In First Out)

Answer: B E F (DEF)
 

Question 7

Your client uses actual costing and needs to cost to the subinventory level. They have a few
sub inventories that hold normal goods and one subinventory that holds returned goods. They want
their normal goods subinventories to be costed differently from their returned goods subinventory.
Which cost policy supports this requirement?

A. Create a separate cost book for the normal goods subinventories and one cost book for
thereturned goods subinventory Add both cost books to the same cost organization.
B. Create a separate cost organization for the normal goods subinventories and one cost
organizationfor the returned goods subinventory.
C. Manually create one cost profile for the normal goods subinventories and one cost profile for
the returned goods subinventory.
D. Manually create one valuation unit for the normal goods subinventories and one valuation
unit forthe returned goods subinventory.
E. EnaWe the inventory organization that holds the subinventories to be costed to the
subinventory level by changing the organization parameter field from "Costing Level" to "Subinventory"

Answer: E

Question 8

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

Option's:
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

Answer: C (Ok)