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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

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

A) The standard cost is calculated for every possible combination of options under a model
B) It is based on the actual cost of the work order after it is completed.
C) The standard cost of a model item is calculated.
D) It is based on the material and resource requirements of a released work order.

2. Identify two characteristics of an expense pool. (Choose two.)

A) It is used only for analyzing gross margins on noninventory sales of services.
B) You can define the name of your expense pool, but you cannot define more than one.
C) It helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto the balance sheet as inventory value.
D) It is a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.

3. Your client uses actual costing and needs to cost to the subinventory level. They have a few subinventories that hold normal goods and one subinventory that holds returned goods. They want their normal goods subinventories to be costed differently from their returned goods subinventory.
Which cost policy supports this requirement?

A) Create a separate cost organization for the normal goods subinventories and one cost organization for the returned goods subinventory.
B) Create a separate cost book for the normal goods subinventories and one cost book for the returned goods subinventory Add both cost books to the same cost organization.
C) Manually create one valuation unit for the normal goods subinventories and one valuation unit for the returned goods subinventory.
D) EnaWe the inventory organization that holds the subinventories to be costed to the subinventory level by changing the organization parameter field from "Costing Level" to "Subinventory."
E) Manually create one cost profile for the normal goods subinventories and one cost profile for the returned goods subinventory.

4. Select two ways to define the standard cost for an item from the Cost Accounting work area.

A) Manage the Item Cost task.
B) Manage the Standard Cost task.
C) Create Standard Cost in a spreadsheet.
D) Import standard costs from receipt layers.

5. Which three tasks can be completed in the Receipt Accounting work area?

A) Create Accounting
B) Review and Approve Item Cost Profiles
C) Review Cost Accounting Distributions
D) Create Receipt Accounting Distributions
E) Manage Accrual Clearing Rules
F) Review Item Costs

Solutions: