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1. If the Create Accounting process ends with errors or warnings, which three statements outline places you can go to get more detailed information about the specific errors and warnings? (Choose Three)
A) Query the transaction from Review Cost Accounting Distributions to see the error message.
B) Refer to the Accounting Event Diagnostic Log.
C) Refer to the Accounting Event Diagnostic report.
D) Review errors in the Create Accounting Execution log.
E) Review errors in the Create Accounting Execution report.
2. Landed Cost Variance Analysis can be performed based on which three dimension combinations?
A) Item/Business Unit/Route
B) Inventory Organization/Landed Cost Charge/Third Party Supplier
C) Item Category/Material Supplier/Landed Cost Charge
D) Item Catalog/Inventory Organization/Business Unit
E) Business Unit/Landed Cost Charge/Cost Organization
3. At what level can you define item cost profiles?
A) Item cost profiles are defined at the cost organization level. All items within a cost organization must use the same cost profile.
B) Different items within an inventory organization can use different cost profiles, but items within an item category must all use the same cost profile because that is the level at which the default cost profile is defined.
C) Item cost profiles are defined within an inventory organization. There can be only one cost method for an inventory organization.
D) Cost profiles are ultimately defined at the item level. Different items within the same inventory organization can use different cost profiles.
4. 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) You can only track costs for Direct Labor and Direct Equipment; this requirement cannot be met.
D) This requirement will already be met by the default data generated when using Quick Setup.
5. Select the two valid relationships between subledger components.
A) The accounting method groups journal entry rule sets by Event Class and Event Type.
B) The journal lines hold the journal entry rule sets.
C) Journal entry rules are used to hold accounting rules.
D) Journal entry rule sets hold journal rules and accounting rules.
E) The accounting method holds the accounting rules by Event Class and Event Type.
Solutions:
| Question # 1 Answer: A,C,E | Question # 2 Answer: D | Question # 3 Answer: B | Question # 4 Answer: D | Question # 5 Answer: C,D |
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