Question 1

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 2

Your client originally used Quick Setup to configure Cost Accounting However, after reviewing their costingpolicies, they realize that they want to cost some of their lotsdifferently then othersWhat 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

After all relevant transactions are in Receipt Accounting, which two tasks must be completed for these transactions to be transferred to the General Ledger?

Options :

A : Transfer to Sub ledger Accounting.

B : Transfer transactions from payables.

C : Transfer transactions from receiving.

D : Create distributions.

E : Assign accruals to purchase order transactions.

Answer: A,D

Question 4

At what level can you define item cost profiles?

Options :

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

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

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

D : 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.

Answer: B

Question 5

You have made some changes to your subledger accounting setups for Costing and want to verify that thejournal entries are showing up correctly.How can you generate a report that allows you to see the subledger journal entries for transactions withoutactually transferring to the General Ledger?

Options :

A : Run the Create Accounting for Costing process with the following parameters: • Accounting Mode = Draft •Report Style = Detail• Transfer to General Ledger = No • Post in General Ledger = No

B : Run the Transfer Transactions from Inventory to Costing process with the following parameters: • Accounting Mode = Draft • Report Style = Detail • Transfer to General Ledger = No • Post in General Ledger = No

C : Run the Create Cost Accounting Distribution process with the following parameters: • Accounting Mode = Draft • Report Style = Detail • Transfer to General Ledger = No • Post in General Ledger = No

D : Run the Create Cost Accounting Distribution process with the following parameters: • Accounting Mode = Final • Report Style = No report• Transfer to General Ledger = No• Post in General Ledger = No

E : Run the Create Accounting for Costing process with the following parameters: • Accounting Mode = Final • Report Style = No report• Transfer to General Ledger = No• Post in General Ledger = No

Answer: A

Free 1Z0-1074-26 Mock Exam – Practice Online Confidently

Buying Options: