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1z0-1074-22 – Oracle Cost Management Cloud 2022 Implementation Professional

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Showing 1–3 of 10 questions

Question 1

Identify two ways that standard cost is calculated.

Select all that apply, then click Submit answer.

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    Users must manually enter the cost of each configured item; the calculation is not automated.
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    The standard cost is the sum of the cost of the selected option items.
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    The cost of a configured item is calculated based on the work definition of the model item.
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    The standard cost of the configured item is based on the purchase order price quoted by the
    supplier for the configured item.
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    The roll-up calculation can be performed to update standard costs for Cost Accounting purposes
Question 2

Which four steps need to be completed to establish standard costs for a make item?

Select all that apply, then click Submit answer.

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    Run preprocessor.
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    Complete cost roll-up.
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    Publish costs
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    Export item costs.
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    Add standard costs to a cost scenario.
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    Create a new cost scenario.
Question 3

Your client wants their expense items to be accrued at receipt. Which two configurations support this requirement?

Select all that apply, then click Submit answer.

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    Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to At Receipt.
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    Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt.
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    Product Information Management > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes".
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    Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at Period End.
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    Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to Period End.
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    Product Information Management > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "No".