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

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.

Identify four processors available in the cost processor.

A. Receipt Processor

B. Cost Distribution Processor

C. Cost Reports Processor

D. Cost of Goods Sold Processor

E. Cost Accounting Processor

F. Costing Period Processor

Trade events for physical shipments are interfaced into the Cost Accounting subledger from which module?

A. Inventory

B. Order Management

C. Purchasing

D. Financial Orchestration

E. Shipping

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

A. Receivables invoices; actual cost can be used.

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

C. Receipt costs; costs include adjustments.

D. Requisition costs; validated costs can be used.

E. Purchase order costs; item catalog costs can be used.

Identify two characteristics of Landed Cost charge names.

A. Duty is a seeded charge name for Landed Cost.

B. You can modify a charge name until it is associated with a trade operation.

C. Charge names cannot be used to tie an invoice to a trade operation.

D. You can use multiple currencies within a trade operation for the same charge name on different lines.

E. Charge names cannot be associated with a PO schedule.

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

A. You can share definitions across multiple cost organizations.

B. You can control which definitions are visible to different cost organizations

C. You can streamline your setup effort.

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

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

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

You have finished creating your sub ledger journal entry rule sets and see that they are still in the incomplete status. Which two steps will ensure that the journal entries are generated?

A. Run the "Activate Accounting Methods" process.

B. Validate the sub ledger journal entry rule sets using Validate Journal Entry Rule Set.

C. Run the "Activate Sub ledger Journal Entry Rule Set Assignments" process.

D. Add the sub ledger journal entry rule sets to the Manage Journal Entry Rule Set task

E. Add the sub ledger journal entry rule sets to the Manage Accounting Methods task.

You are verifying your distributions for your transactions. You Just ran the receipt accounting distribution

process. However, your purchase order receipt is not showing up.

What do you need to do for your receipt to show up?

A. Run the Transactions from Procurement to Costing process.

B. Run the Transfer Costs from Payables to Cost Management process.

C. Run the Create Accounting process.

D. Run the Clear Receipt Accrual Balances process.

E. Run the Transactions from Receiving to Costing process.

Your client needs to import the relevant transactions and tax determinants for their expense items into Receipt Accounting. What is the correct sequence of processes to accomplish this?

A. Transfer Transactions from Receiving to Costing, Transfer Costs to Cost Management

B. Transfer Transactions from Receiving to Costing, Transfer Transactions from Inventory to Costing

C. Transfer Costs to Cost Management, Transfer Transactions from Receiving to Costing

D. Transfer Transactions from Inventory to Costing, Transfer Costs to Cost Management

E. Transfer Transactions from Receiving to Costing, Transfer Transactions from Inventory to Costing

F. Transfer Costs to Cost Management, Transfer Transactions from Inventory to Costing

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 lots differently then others What must they do to accomplish this?

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.