Free Oracle 1z0-1074-20 Exam Dumps Questions & Answers

Select two ways to define the standard cost for an item from the Cost Accounting work area.

• A.Manage the Standard Cost task.
• B.Create Standard Cost in a spreadsheet.
• C.Import standard costs from receipt layers.
• D.Manage the Item Cost task.

After all relevant transactions are in Receipt Accounting, which two tasks must be completed for these transactions to be transferred to the General Ledger?

• A.Transfer transactions from receiving.
• B.Create distributions.
• C.Transfer transactions from payables.
• D.Assign accruals to purchase order transactions.
• E.Transfer to Sub ledger Accounting.

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.

Your client wants their expense items to be accrued at receipt. Which two configurations support this requirement?

• A.Product Information Management > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes".
• B.Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to Period End.
• C.Product Information Management > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "No".
• D.Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to At Receipt.
• E.Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt.
• F.Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at Period End.

How is the standard cost of a manufactured configured item calculated?

• A.It is based on the actual cost of the work order after it is completed.
• B.The standard cost of a model item is calculated.
• C.The standard cost is calculated for every possible combination of options under a model
• D.It is based on the material and resource requirements of a released work order.