Oracle 1Z0-1074-23 Exam Actual Questions

Name: Oracle Cost Management Cloud 2023 Implementation Professional
Brand: QA4Exam
SKU: 1Z0-1074-23
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The questions for 1Z0-1074-23 were last updated on Oct 2, 2024.

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Question No. 1

Identify four features provided by the Review Work Order Costs UI when displaying work order

AScrap Costs

BVariable Costs

COutput Costs

DIncremental Costs

EInput Costs

FStandard Cost variances

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Correct Answer: A, C, E, F

Question No. 2

Which four steps need to be completed to establish standard costs for a make item?

AExport item costs

BRun preprocessor

CComplete cost roll-up

DPublish costs

ECreate a new cost scenario

FAdd standard costs to a cost scenario

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Correct Answer: C, D, E, F

Question No. 3

Which two statements are true about Cost Accounting books? (Choose two.)

AA cost organization can use secondary books to perform Cost Accounting for different purposes such as currencies, regulatory reporting, or management reporting.

BA cost organization has one book that posts to the primary ledger.

CEvery cost organization must use different book names; they cannot be shared.

DSecondary books can post accounting entries into any ledger, including the primary ledger or any secondary ledger.

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Correct Answer: A, B

Question No. 4

You have an item with two work definitions. One work definition is production priority 1 and named Plan

AAnother work definition is production priority 2 and named Plan B. In your cost planning scenario, you have specified the work definition selection criteria as name and then production priority, and you have defined the name as Plan B.
How will the application select the work definition?

AThe scenario will choose the work definition that is production priority 1.

BThe cost planning scenario will use both work definitions for the item.

CThe application will generate an error because there are two work definitions for the same item.

DThe application will use the work definition that is named Plan B.

EWhile you can have more than one work definition for the same item, the cost scenario has no way to unambiguously select one of them.

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Correct Answer: A, A

Question No. 5

Which four predefined costing reports can you use to gather information to review inventory value? (Choose four.)

ACosting Account Balances Report

BIn-transit Valuation Report

CCOGS and Revenue Matching Report

DWork in Process Inventory Valuation Report

ELayer Inventory Valuation Report

FCost Accounting Valuation Report

GInventory Valuation Report

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Correct Answer: A, B, E, G

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