Instant Access Oracle.1Z0-1074-21.v2022-05-28.q29 Actual Practice Test Engine for Free (Page 3)

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

A.Manufacturer will charge to make the outputs and would normally be enough to cover their costs and include a fair profit.
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 Items that the contract manufacturer had to purchase to perform the contract manufacturing service, and the cost of resources used by the contract manufacturer
D.The cost of resources consumed at the OEM's factory
E.The cost of the contract manufacturing service Item. This is the price that the contract

Identify two ways that standard cost is calculated.

A.The cost of a configured item is calculated based on the work definition of the model item.
B.The standard cost of the configured item is based on the purchase order price quoted by the supplier for the configured item.
C.The standard cost is the sum of the cost of the selected option items.
D.Users must manually enter the cost of each configured item; the calculation is not automated.
E.The roll-up calculation can be performed to update standard costs for Cost Accounting purposes

Identify the four types of cost adjustments.

A.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.
B.Authorized users can manually create cost adjustments.
C.A retroactive purchase order price adjustment can cause an adjustment to the inventory value and the cost of goods sold.
D.A standard cost update will create an inventory value adjustment.
E.A revenue recognition event, which in turn triggers a cost of goods sold recognition event, can cause a cost adjustment.
F.A change to a requisition after the purchase order has been created will create a cost adjustment.

You are configuring Landed Cost Management for client proof of concept and only want to set up required tasks. Which task must be completed?

Which three features are included in Receipt Accounting?

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