1Z0-1074-20 Exam Questions & Answers

Exam Code: 1Z0-1074-20

Exam Name: Oracle Cost Management Cloud 2020 Implementation Essentials

Updated: Sep 07, 2023

Q&As: 79

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Practice These Free Questions and Answers to Pass the Supply Chain Management (SCM) Exam

Questions 1

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.

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Questions 2

Which predefined report should you use from Oracle Business Intelligence Publisher to manage the balance of accrued supplier liabilities for a business unit?

A. Accrual Supplier Liability Report

B. Accrual Reconciliation Report

C. Accrual Clearing Report

D. Uninvoiced Receipt Accrual Report

E. Receipt Accounting Real Time Report

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Questions 3

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

C. Create the cost in Manage Cost Scenarios.

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

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Questions 4

Which three cost planning tasks can be performed in the Cost Accounting work area?

A. Review Work Order Costs

B. Review Item Costs

C. Analyzing and Comparing Costs

D. Estimating Standard Costs for Assemblies

E. Manage Resource Rates

F. Manage Cost Accounting Periods

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Questions 5

Which four statements describe what is unique about Cost Accounting for items received into inventory as consigned?

A. Consigned items cannot appear on inventory reports with information about the eventual value of the consigned item.

B. There is no difference between owned inventory and consigned inventory.

C. The liability for a consigned item occurs when there is an ownership event.

D. A consumption can automatically trigger a momentary ownership transaction before the consumption transaction.

E. The quantity is tracked in inventory but not as an asset until there is an ownership event

F. Consigned items can appear on inventory reports with information about the eventual value of the consigned item

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