Online 1D0-1074-25-D Practice Test

Question 1

How is the standard cost of a manufactured configured item calculated?

Options :

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

B : The standard cost of a model item is calculated.

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

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

Answer: A

Question 2

Your client originally used Quick Setup to configure Cost Accounting However, after reviewing their costing

policies, they realize that they want to cost some of their lotsdifferently then others

What must they do to accomplish this?

Options :

A :

Quick Setup generates valuation units so they just have to access those valuation units and make their changes.

B : They cannot change their current configuration; data generated by Quick Setup cannot be changed.

C : They must create their valuation units manually.

D :

Quick Setup generates one valuation unit so they can access this to make changes and manually create new valuation units.

Answer: C

Question 3

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 4

Your client needs to import the relevant transactions and tax determinants for their expense items into ReceiptAccounting. What is the correct sequence of processes to accomplish this?

Options :

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

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

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

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

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

Answer: A

Question 5

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, 2015effective 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?

Options :

A : It will use the work definition with the January 2, 2016effective date.

B :

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.

C : It must always use the work definition with the October 1, 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.

Answer: B

EXPERTY DESIGNED 1D0-1074-25-D PRACTICE TEST