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Oracle 1z0-1074-23 Exam Syllabus Topics:

Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. Assume today is November 15, 2015, and you are getting ready to implement new standard costs for the new year Your cost planning scenario has a January 1, 2016 effective date. An item has three work definitions. One work definition has an October l, 2015 effective date. A second work definition has a December 1, 2015 effective date. A third work definition has a January 2, 2016 effective date.
How will the application select the work definition?

A) It will use the work definition with the January 2, 2016 effective date.
B) It must always use the work definition with the October 1, 2015 effective date.
C) Depending on the selection criteria, it will use the work definition with the December l, 2015 effective date or the work definition with the October l, 2015 effective date.
D) You will receive an error because the application will detect that all three are plausible, and it will be unable to determine which one to choose.

2. Identify two characteristics of Landed Cost charge names.

A) Charge names cannot be used to tie an invoice to a trade operation.
B) You can modify a charge name until it is associated with a trade operation.
C) You can use multiple currencies within a trade operation for the same charge name on different lines.
D) Duty is a seeded charge name for Landed Cost.
E) Charge names cannot be associated with a PO schedule.

3. Identify four processors available in the cost processor.

A) Cost Accounting Processor
B) Cost Distribution Processor
C) Costing Period Processor
D) Receipt Processor
E) Cost Reports Processor
F) Cost of Goods Sold Processor

4. Your client is using Quick Setup to implement Costing. They have a requirement to track costs for manufacturing overhead. How can you make sure that this requirement is met?

A) Complete Quick Setup and then create the user-defined cost using the Manage Cost Component task.
B) Create the cost in Manage Cost Scenarios.
C) You can only track costs for Direct Labor and Direct Equipment; this requirement cannot be met.
D) This requirement will already be met by the default data generated when using Quick Setup.

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

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

Solutions: