Free Oracle 1Z1-511 Exam Dumps Questions & Answers

A customer has provided a purchase order for $100k. The customer issues an additional $20k to the original purchase order. How would you invoice the total amount of $120k on only one invoice as per the terms of the contract?

• A.Update the existing agreement value to $120k and add an additionalfunding line against the project for $20k.
• B.Update any existing transactionsto allow billing to the new amount.
• C.Update the cost budget to $l20k.
• D.Createa manual invoice in Accounts Receivable for the additional value.
• E.Create a separateagreement and funding for $20k.

You have defined a Non-Labor resource "Mini Truck" with an expenditure type "Vehicle" that has a rate of $100. This resource is attached to three Non-Labor resource organizations: "Construction-East," "Construction-West," and "Construction-Central."
How do you set up a rate of $150 for usage charges when the "Mini Truck" owned by "Construction-Central" is charged to a project?

• A.Write custom code in Non-Labor cost override extension.
• B.In the Project setup, enter a rate of $150 for"Construction-Central"in the organization overrides.
• C.Create a new rate schedule with a rate of $150 for"Mini Truck"and attach it to"Construction-Central."
• D.In the Non-Labor resources setup, select the"Construction-Central"organization and enter a rate of $150.
• E.Create a new rate schedule with a rate of $150 for"Mini Truck"and attach it to the project.

Which types of rate schedules should be defined to allow rates to be used to generate financial plans?

• A.Resource Class SchedulePlanning Rate ScheduleLabor Rates Schedule
• B.ResourceClass SchedulePlanning Rate ScheduleNon LaborRates Schedule
• C.Job Labor Rates ScheduleNon Labor Rate Schedule
• D.Resource Class ScheduleLabor Rates ScheduleNon Labor Rate Schedule

A project is undertaken for a customer where all labor costs are non-billable, and Non-Labor costs are billable if the accumulated costs incurred are greater than $10k.
How can Oracle Projects be implemented to support this?

• A.Use transaction controls tobilling Non-Labor elements, capture the value on the project, and then use the Non-Labor billing extension to calculate when an activity is billable.
• B.Use the cost accrual extension.
• C.Create an agreement and funding for $10k only, and fund only those tasks on a project where you estimate to incur costs of $10k or more.
• D.Use transaction controls to restrict billing to Non-Labor elements and to calculate the bill amounts on Non-Labor.
• E.Use the cost-to-cost billing extension to build billing rules to meet the requirement.

A project has two customer billing elements. One part of the project is based on a fixed fee and the other part is a variable based on a cost plus basis. The customer requires separate invoices for fixed fee elements and variable works elements. How can agreements be used to provide separate invoices?

• A.Use billing events and create separate events per purchase order.
• B.Have one agreement and create an invoice grouping rule in Accounts Receivable.
• C.Createeach element as a top task and implement top task billing for the project.
• D.Create each element as a top task on the project and create an agreement for variable works and onefor fixed fee.Then fund the project at the top task level.
• E.Create oneagreement and fund the project.