[Jan 12, 2023] Fully Updated Dumps PDF - Latest 1z0-1074-22 Exam Questions and Answers [Q23-Q43] : Free Exam Dumps Collection : http://free.examcollectionpass.com

NEW QUESTION 23
Your client would like to accrue expense items at period end. What subledger journal entry rule set must be created in order for the expense accrual Journal entries to be successfully generated?

Event Class: Expense Accrual Event Type: Expense Accrual

Event Class: Period End Accrual Event Type: Period End Accrual

Event Class: Expense AccrualEvent Type: Period End Accrual

Event Class: Purchase Order Price Adjustment Event Type: Period End Accrual

Event Class: Purchase Order Price Adjustment Event Type: Expense Accrual

NEW QUESTION 24
At what level can you define item cost profiles?

Item cost profiles are defined within an inventory organization. There can be only one cost method for an inventory organization.

Cost profiles are ultimately defined at the item level. Different items within the same inventory organization can use different cost profiles.

Item cost profiles are defined at the cost organization level. All items within a cost organization must use the same cost profile.

Different items within an inventory organization can use different cost profiles, but items within an item category must all use the same cost profile because that is the level at which the default cost profile is defined.

NEW QUESTION 25
How is the standard cost of a manufactured configured item calculated?

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

The standard cost of a model item is calculated.

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

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

NEW QUESTION 26
Your client is using Quick Setup to implement Costing. They have a requirement to track costs for manufacturing overhead. How can you make sure that this requirement is met?

Complete Quick Setup and then create the user-defined cost using the Manage Cost Component task.

This requirement will already be met by the default data generated when using Quick Setup.

Create the cost in Manage Cost Scenarios.

You can only track costs for Direct Labor and Direct Equipment; this requirement cannot be met.

NEW QUESTION 27
Identify four characteristics of a cost element.

Users can define any number of cost elements.

It is the most granular level of cost captured by upstream systems such as procurement, accounts payable, and manufacturing.

It is the granularity at which costs are tracked and accounted.

It is user-defined.

The mapping of cost components into cost elements is user-defined.

It uses date effectivity.

NEW QUESTION 28
You are trying to import the purchase order information into Receipt Accounting in the Schedule Process work area. Why can’t you see this process?

Purchase order information is automatically sent to Receipt Accounting using a real-time method

This process can only be scheduled and run from the Receipt Accounting work area

You do not have the role to import purchase order information into Receipt Accounting.

All purchase order information is included in the Transfer Transactions from Receiving to Costing process. There is no separate process.

Purchase order information should not be imported into Receipt Accounting.

NEW QUESTION 29
You are establishing the cost for a make assembly. When we run Cost Rollup, it is not rolling up and the Assemblyshows “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.

The item has no on-handinventory.

The assembly item is marked as Perpetual Average costed.

Outstanding purchase orders have not been received.

The Work Definition is incomplete.

Burdens have not been established for the item

NEW QUESTION 30
Identify four reasons to use the set ID when defining Cost Accounting setups. (Choose four)

You can share definitions across multiple cost organizations.

You cancontrol which definitions are visible to different cost organizations

You can streamline your setup effort.

You have the option to share setup data across all cost organizations using the common set.

You can take advantage of the business unit-to-set ID mapping defined in Cost Accounting.

You don’t have to create any definitions for cost books.

NEW QUESTION 31
Identify the four types of cost adjustments.

A change to a requisition after the purchase order has been created will create a cost adjustment.

A revenue recognition event, which in turn triggers a cost of goods sold recognition event, can cause a cost adjustment.

A standard cost update willcreate an inventory value adjustment.

Authorized users can manually create cost adjustments.

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 different from the estimated amount on the purchase order.

A retroactive purchase order price adjustment can cause an adjustment to the inventory value and the cost of goods sold.

NEW QUESTION 32
Landed Cost Variance Analysis can be performed based on which three dimension combinations?

Business Unit/Landed Cost Charge/Cost Organization

Item/Business Unit/Route

ItemCategory/Material Supplier/Landed Cost Charge

Inventory Organization/Landed Cost Charge/Third Party Supplier

Item Catalog/Inventory Organization/Business Unit

NEW QUESTION 33
When running the Transfer Costs to Cost Management process,where will the primary default source for costs come from and what is the effect?

Receivables invoices; actual cost can be used.

Payables invoices; invoice price variance can be added to item cost.

Receipt costs; costs include adjustments.

Requisition costs; validated costs can be used.

Purchase order costs; item catalog costs can be used.

NEW QUESTION 34
Your client wants to view Landed Cost Variance. Which pair of search options are available to view Landed CostVariance?

Business Unit and Cost Organization

Inventory Organization and Legal Entity

Business Unit and Legal Entity

Business Unit and Inventory Organization

Legal Entity and Cost Organization

Inventory Organization and Cost Organization

NEW QUESTION 35
Your client uses actual costing and needs to cost to the subinventory level. They have a few subinventories that holdnormal 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?

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.

Create a separate cost organization for the normal goods subinventories and one cost organization for the returned goods subinventory.

Manually create one cost profile for the normal goods subinventories and one cost profile for the returned goods subinventory.

Manually create one valuation unit for the normal goods subinventories and one valuation unit for the returnedgoods subinventory.

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.”

NEW QUESTION 36
Universal Containers has implemented a Knowledge solution to provide Field Technicians with information necessary to complete assigned work. Which two capabilities will now be available?

Attach Knowledge Articles to Work Order Line Items Only.

Attach Articles to Work Orders and Work Order Line Items.

Include Quick Actions and Global Actions in Attached Articles.

Manage Attached Articles and Search the Knowledge Base.

NEW QUESTION 37
Which two types of costs are included in the cost of contract manufactured items?

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

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

The cost of resources consumed at the OEM’s factory

The cost of the contract manufacturing service Item. This is the price that the contract

Manufacturer will charge to make the outputs and would normally be enough to cover their costs and include a fair profit.

NEW QUESTION 38
universal containers technician may be assigned to jobs with arrival window to meet the costumer appointment time preference technicians are also assigned to jobs without a preferred appointment time In which two ways should the consultant define operation house to meet this requirement Choose 2 answers

When service resources are available for work

The due date of the service appointment

The maintenance plan for account

The time slots for appointment booking

NEW QUESTION 39
Identify four features provided by the Review Work Order Costs UI when displaying work order

Scrap Costs

Variable Costs

Output Costs

Incremental Costs

Input Costs

Standard Cost variances

NEW QUESTION 40
You have just finished modifying an accounting method. What is the final step to complete the accounting method configuration?

Activate its journal entry rule set assignments.

Transfer costs to Cost Management.

Create Accounting.

Transfer transactions from Receiving to Costing.

Execute the Preprocessor.

NEW QUESTION 41
Universal containers (UC) wants to schedule work orders only if technicians have the necessary qualifications to complete the designated work In which two ways can UC achieve this Choose 2 answers

Leverage the match skills scheduling policy when scheduling appointments

Create skills that relate to qualifications from the skills tab end assign them to a service resource

Leverage the match skills work rule when scheduling appointments

Create skills that relate to qualifications from setup and assign them to a service resource

NEW QUESTION 42
Which two rules determine whether a condition has been met for accounting rules?

When the condition is met, the rule associated with that priority is used.

Priorities determine the order in which accounting rule conditions are examined.

The conditions are evaluated in the sequence they are defined in the accounting rule.

After all conditions are tested, the final resulting value is used.

Use parenthesis to control the order of the condition evaluation.

NEW QUESTION 43
Universal containers requires trained inspectors to make three site visits per year to inspect containers sites. These visits must be scheduled within 14 days of the inspection due date.
What are two ways s consultant can configure maintenance plans to meet the requirement? Choose 2 answer

Auto-generate work orders with a 14-day Generation horizon.

Auto-generate work orders with a 14-day Generation timeframe.

Associate a required skill called site visit to a maintenance plan.

Associate a work type called site visit to a maintenance plan.

[Jan 12, 2023] Fully Updated Dumps PDF - Latest 1z0-1074-22 Exam Questions and Answers [Q23-Q43]

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