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1. Identify two characteristics of Landed Cost charge names.
A) Charge names cannot be associated with a PO schedule.
B) You can use multiple currencies within a trade operation for the same charge name on different lines.
C) Charge names cannot be used to tie an invoice to a trade operation.
D) Duty is a seeded charge name for Landed Cost.
E) You can modify a charge name until it is associated with a trade operation.
2. Identify four features provided by the Review Work Order Costs UI when displaying work order
A) Incremental Costs
B) Output Costs
C) Variable Costs
D) Input Costs
E) Scrap Costs
F) Standard Cost variances
3. Which three features are included in Receipt Accounting?
A) Create Receipt Accounting Distribution
B) Adjust Receipt Accrual Clearing Balances
C) Review Item Costs
D) Review Journal Entries
E) Analyze Standard Purchase Cost Variances
4. Identify two characteristics of an expense pool. (Choose two.)
A) You can define the name of your expense pool, but you cannot define more than one.
B) It is used only for analyzing gross margins on noninventory sales of services.
C) It is a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.
D) It helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto the balance sheet as inventory value.
5. Identify three Landed Cost Management tasks.
A) Create Accounting
B) Perform Allocations
C) Manage Cost Scenarios
D) Review Journal Entries
E) View Rolled Up Costs
F) Capture Charges
Solutions:
| Question # 1 Answer: B,E | Question # 2 Answer: B,D,E,F | Question # 3 Answer: A,B,D | Question # 4 Answer: C,D | Question # 5 Answer: A,B,F |
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