Oracle 1Z0-1024 Online Practice Questions and Exam Preparation

Oracle 1Z0-1024 Online Questions & Answers

• Question 41:

  Which two types of costs are included cost of contract manufactured in the items? (Choose two.)

  A. The cost of resources consumed at the OEM's factory
  B. The cost of the contract manufacturing service item. This is the price that the contract manufacturer will charge to make the outputs and would normally be enough to cover their costs and include a fair profit.
  C. The cost of items that the original equipment manufacturer (OEM) owns and has provided to the contract manufacturer for use in the process of making the output items
  D. The cost of items that the contract manufacturer had to purchase to perform the contract manufacturing service, and the cost of resources used by the contract manufacturer
  B. The cost of the contract manufacturing service item. This is the price that the contract manufacturer will charge to make the outputs and would normally be enough to cover their costs and include a fair profit.
  C. The cost of items that the original equipment manufacturer (OEM) owns and has provided to the contract manufacturer for use in the process of making the output items

• Question 42:

  You are verifying your distributions for your transactions. You just ran the receipt accounting distribution process. However, your purchase order receipt is not showing up.

  What do you need to do for your receipt to show up?

  A. Run the Clear Receipt Accrual Balances process.
  B. Run the Transfer Costs from Payables to Cost Management process.
  C. Run the Transactions from Receiving to Costing process.
  D. Run the Create Accounting process.
  E. Run the Transactions from Procurement to Costing process.
  E. Run the Transactions from Procurement to Costing process.

• Question 43:

  Which three cost planning tasks can be performed in the Cost accounting work area? (Choose three.)

  A. Management Cost Accounting Periods
  B. Analyzing and Comparing Costs
  C. Review Work Order Costs
  D. Estimating Standard Costs for Assemblies
  E. Manage Resource Rates
  F. Review Item Costs
  C. Review Work Order Costs
  D. Estimating Standard Costs for Assemblies
  E. Manage Resource Rates

• Question 44:

  Your organization currently has the August period for this year open. They want to be able to open the September period, while keeping August open. When you try to open the target period, August of this year, you get an error.

  What must you do to meet your customer's requirement and resolve this error?

  A. Run the Transfer Transactions to Costing process.
  B. Change the number of maximum open periods in Manage Cost Organization Relationships.
  C. Close the August period; you can never have two open periods at the same time.
  D. Perform cost account validations for August in Manage Cost Accounting Periods.
  A. Run the Transfer Transactions to Costing process.

• Question 45:

  If the accounting method does not have an assigned chart of accounts (COA), which option is valid?

  A. The accounting method may only be used by ledgers without a COA.
  B. The accounting method must have a mapping set to convert the accounts.
  C. Any secondary ledger that uses the method cannot have a COA.
  D. The accounting method can be assigned to any ledger.
  E. Accounting rules cannot override the accounting method.
  E. Accounting rules cannot override the accounting method.

• Question 46:

  You are establishing the cost for a make assembly. When we run Cost Rollup, it is not rolling up and the Assembly shows "0" cost. However, item costs are available for child (buy) components. Jn the review work order cost, we are able to see child components costs, but not the rollup cost of the assembly.

  Identify two reasons this happened. (Choose two.)

  A. Outstanding purchase orders have not been received.
  B. Burdens have not been established for the item.
  C. The item has no on-hand inventory.
  D. The Work Definition is incomplete.
  E. The assembly item is marked as Perpetual Average costed.
  D. The Work Definition is incomplete.
  E. The assembly item is marked as Perpetual Average costed.

• Question 47:

  Your client wants to view Landed Cost Varinace. Which pair of search options are available to view Landed Cost Varinace?

  A. Inventory Organization and Cost Organization
  B. Inventory Organization and Legal Entity
  C. Legal Entity and Cost Organization
  D. Business Unit and Legal Entity
  E. Business Unit and Inventory Organization
  F. Business Unit and Cost Organization
  E. Business Unit and Inventory Organization

• Question 48:

  Identify two ways that standard cost is calculated. (Choose two.)

  A. Users must manually enter the cost of each configured item; the calculation is not automated.
  B. The standard cost of the configured item is based on the purchase order price quoted by the supplier for the configured item.
  C. The roll-up calculation can be performed to update standard costs for Cost Accounting purposes.
  D. The standard cost is the sum of the cost of the selected option items.
  E. The cost of a configured item is calculated based on the work definition of the model item.
  C. The roll-up calculation can be performed to update standard costs for Cost Accounting purposes.
  D. The standard cost is the sum of the cost of the selected option items.

• Question 49:

  Which two outcomes can happen in create accounting when an account combination returned is end dated? (Choose two.)

  A. An alternate account will be used if provided.
  B. The original account is stored on the journal line.
  C. Suspense accounts cannot be used.
  D. The preprocessor will pre-warn about this error.
  E. An error will always occur.
  A. An alternate account will be used if provided.
  B. The original account is stored on the journal line.

• Question 50:

  A chart of accounts (COA) must be specific on the accounting method for which two situations? (Choose two.)

  A. When using segment rules
  B. When using ledgers that have unique accounting requirements
  C. When using account combination rules
  D. When account combination rules use constants
  E. Every accounting method should have a COA.
  A. When using segment rules
  E. Every accounting method should have a COA.