Oracle 1z0-1074-22 Oracle Cost Management Cloud 2022 Implementation Professional Exam Practice Test

Users must manually enter the cost of each configured item; the calculation is not automated.

The standard cost is the sum of the cost of the selected option items.

The cost of a configured item is calculated based on the work definition of the model item.

The standard cost of the configured item is based on the purchase order price quoted by the

supplier for the configured item.

The roll-up calculation can be performed to update standard costs for Cost Accounting purposes

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

The standard cost of a model item is calculated.

The standard cost is calculated for every possible combination of options under a model

It is based on the actual cost of the work order after it is completed.

Transfer Transactions from Receiving to Costing, Transfer Costs to Cost Management

Transfer Transactions from Receiving toCosting, Transfer Transactions from Inventory to Costing

Transfer Costs to Cost Management, Transfer Transactions from Receiving to Costing

Transfer Transactions from Inventory to Costing, Transfer Costs to Cost Management

Transfer Transactions from Receiving to Costing, Transfer Transactions from Inventory to Costing

Transfer Costs to Cost Management, Transfer Transactions from Inventory to Costing

Scrap Costs

Variable Costs

Output Costs

Incremental Costs

Input Costs

Standard Cost variances

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

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

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

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.

Costing Account Balances Report

In-transit Valuation Report

COGS and Revenue Matching Report

Work in Process Inventory Valuation Report

Layer Inventory Valuation Report

Cost Accounting Valuation Report

InventoryValuation Report

Run preprocessor.

Complete cost roll-up.

Publish costs

Export item costs.

Add standard costs to a cost scenario.

Create a new cost scenario.

Consigned items cannot appear on inventory reports with information about the eventual value of the consigned item.

There is no difference between owned inventory and consigned inventory.

The liability for a consigned item occurs when there is an ownership event.

A consumption can automatically trigger a momentary ownership transaction before the consumption transaction.

The quantity is tracked in inventory but not as an asset until there is an ownership event

Consigned items can appear on inventory reports with information about the eventual value of the consigned item

Material Receipts

Charge Names

PreReference Types

Routes

Trade OperationTemplate

Business Unit/Landed Cost Charge/Cost Organization

Item/Business Unit/Route

ItemCategory/Material Supplier/Landed Cost Charge

Inventory Organization/Landed Cost Charge/Third Party Supplier

Item Catalog/Inventory Organization/Business Unit

When the condition is met, the rule associated with that priority is used.

Priorities determine the order in which accounting rule conditions are examined.

The conditions are evaluated in the sequence they are defined in the accounting rule.

After all conditions are tested, the final resulting value is used.

Use parenthesis to control the order of the condition evaluation.