Question 1

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

Options :

A : Create a separate cost book for the normal goods subinventories and one cost book for the returned 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 organization for the returned goods subinventory.

C : Manually create one cost profile for the normal goods subinventories and one cost profile for the returnedgoods subinventory.

D : Manually create one valuation unit for the normal goods subinventories and one valuation unit for the 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: D

Question 2

Identify the four types of cost adjustments.

Options :

A : A change to a requisitionafter the purchase order has been created will create a cost adjustment.

B : A revenue recognition event, which in turn triggers a cost of goods sold recognition event, can cause a cost adjustment.

C : A standard cost update will create an inventory value adjustment.

D : Authorized users can manually create cost adjustments.

E : When a supplier invoice is processed in accounts payable, it can cause an adjustment to the inventory value and the cost of goods sold if the amounts processed for payment are differentfrom the estimated amount on the purchase order

F : A retroactive purchase order price adjustment can cause an adjustment to the inventory value and the cost of goods sold.

Answer: C,D,E,F

Question 3

Identify three characteristics of cost component to cost element mapping.

Options :

A : You cannot modify, duplicate, or create user-defined cost components.

B : You can onlydefine one cost component to cost element mapping for an installation.

C : It is one of the attributes you define as part of your cost profile definitions.

D : It is user-defined.

E : It lets you define how cost component level costs will map into cost elements.

Answer: C,D,E

Question 4

Which three cost planning tasks can be performed in the Cost Accounting work area?

Options :

A : Review Work Order Costs

B : Review Item Costs

C : Analyzing and Comparing Costs

D : Estimating Standard Costs for Assemblies

E : Manage Resource Rates

F : Manage Cost Accounting Periods

Answer: A,B,D

Question 5

You need to simulateand estimate landed cost charges associated with purchase order receipts of material. What must you create to make this possible?

Options :

A : Orders

B : Cost Scenario

C : Charge Name

D : Routes

E : Trade Operation

Answer: B