Oracle 1Z0-1074-21 Exam |
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1Z0-1074-21 Certification Detail Exam Code
1Z0-1074-21
Full Exam Name
Oracle Cost Management Cloud 2021 Implementation Essentials
Number of Questions
55
Practice Exams
1Z0-1074-21 Online Practice Exam
Passing Score
62%
Time Limit
90 minutes
Recommended Training
Oracle Cost Management Cloud 2021 Certified Implementation Specialist Oracle Supply Chain Management Cloud Learning Subscription
Syllabus Topics for Oracle 1Z0-1074-21 Exam Topic Name Managerial Accounting Overview
Receipt Accounting Overview
Cost Accounting Overview
Standard Costs
Landed Cost Overview
Subledger Accounting
Costing and Inventory Foundations
Projects Enabled Supply Chain
Oracle 1Z0-1074-21 Exam Questions
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01. You have just finished modifying an accounting method. What is the final step to complete the accounting method configuration? Option a) Activate its journal entry rule set assignments. b) Transfer costs to Cost Management. c) Create Accounting. d) Transfer transactions from Receiving to Costing. e) Execute the Preprocessor.
ANSWER c) Create Accounting.
02. How is the standard cost of a manufactured configured item calculated? Option
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 b) The standard cost of a model item is calculated.
03. Which two types of costs are included in the cost of contract manufactured items? Option a) The cost of Items that the contract manufacturer had to purchase to perform the contract manufacturing service, and the cost of resources used by the contract manufacturer b) The cost of items that the original equipment manufacturer (OEM) owns and has provided to the contract manufacturer for use in the process of making the output Items c) The cost of resources consumed at the OEM's factory
d) The cost of the contract manufacturing service Item. This is the price that the contract e) Manufacturer will charge to make the outputs and would normally be enough to cover their costs and include a fair profit.
ANSWER a) The cost of Items that the contract manufacturer had to purchase to perform the contract manufacturing service, and the cost of resources used by the contract manufacturer b) The cost of items that the original equipment manufacturer (OEM) owns and has provided to the contract manufacturer for use in the process of making the output Items
04. What are three cost method choices that are available in Cost Accounting? Option
a) Period end average cost b) Actual cost (LIFO or Last In First Out) c) Periodic average cost d) Standard cost e) Perpetual average cost f) Actual cost (FIFO or First In First Out)
ANSWER b) Actual cost (LIFO or Last In First Out) e) Perpetual average cost f) Actual cost (FIFO or First In First Out)
05. Which three features are included in Receipt Accounting? Option a) Analyze Standard Purchase Cost Variances
b) Create Receipt Accounting Distribution c) Review Item Costs d) Adjust Receipt Accrual Clearing Balances e) Review Journal Entries
ANSWER b) Create Receipt Accounting Distribution d) Adjust Receipt Accrual Clearing Balances e) Review Journal Entries
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