Online 1Z0-1074-25 Practice Test

Question 1

You are establishing the cost for a make assembly. When we run Cost Rollup, it is not rolling up and the

Assembly shows "0" cost. However,item costs are available for child (buy) components. In the review work

order cost, we are able to see child components costs, but not the rollup cost of the assembly.

Identify two reasons this happened

Options :

A : The item has no on-hand inventory.

B : The assembly item is marked as Perpetual Average costed.

C : Outstanding purchase orders have not been received.

D : The Work Definition is incomplete.

E : Burdens have not been established for the item

Answer: D,E

Question 2

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

Options :

A : Run preprocessor.

B : Complete cost roll-up.

C : Publish costs

D : Export item costs.

E : Add standard costs to a cost scenario.

F : Create a new cost scenario.

Answer: B,C,E,F

Question 3

A chart of accounts (COA) must be specified on the accounting method for which two situations?

Options :

A : When using ledgers that have unique accounting requirements

B : When using account combination rules

C : When account combination rules use constants

D : Every accounting method should have a COA.

E : When usingsegment rules

Answer: B,E

Question 4

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

Question 5

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

EXPERTY DESIGNED 1Z0-1074-25 PRACTICE TEST