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Oracle 1z0-1074-23 Exam Syllabus Topics:

Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. 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?

A) Complete Quick Setup and then create the user-defined cost using the Manage Cost Component task.
B) Create the cost in Manage Cost Scenarios.
C) This requirement will already be met by the default data generated when using Quick Setup.
D) You can only track costs for Direct Labor and Direct Equipment; this requirement cannot be met.

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

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

3. Which two outcomes can happen in create accounting when an account combination returned is end dated?

A) An error will always occur.
B) The original account is stored on the journal line.
C) An alternate account will be used if provided.
D) Suspense accounts cannot be used.
E) The preprocessor will pre-warn about this error.

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

A) 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
B) The cost of resources consumed at the OEM's factory
C) Manufacturer will charge to make the outputs and would normally be enough to cover their costs and include a fair profit.
D) 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
E) The cost of the contract manufacturing service Item. This is the price that the contract

5. Which four steps need to be completed to establish standard costs for a make item?

A) Add standard costs to a cost scenario
B) Run preprocessor
C) Export item costs
D) Publish costs
E) Complete cost roll-up
F) Create a new cost scenario

Solutions: