Free Oracle 1Z0-1024 Exam Dumps Questions & Answers

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

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.  Any secondary ledger that uses the method cannot have a COA.
• C.  The accounting method can be assigned to any ledger.
• D.  The accounting method must have a mapping set to convert the accounts.
• E.  Accounting rules cannot override the accounting method.

Identify two characteristics of an expense pool.

• A.  You can define the name of your expense pool, but you cannot define more than one.
• B.  It is a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.
• C.  It is used only for analyzing gross margins on noninventory sales of services.
• D.  It helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto the balance sheet as inventory value.

Identify three characteristics of cost component to cost element mapping.

• A.  It is user-defined.
• B.  It is one of the attributes you define as part of your cost profile definitions.
• C.  You cannot modify, duplicate, or create user-defined cost components.
• D.  It lets you define how cost component level costs will map into cost elements.
• E.  You can only define one cost component to cost element mapping for an installation.

Which three features are included in Receipt Accounting?

• A.  Create Receipt Accounting Distribution
• B.  Review Item Costs
• C.  Analyze Standard Purchase Cost Variances
• D.  Adjust Receipt Accrual Clearing Balances
• E.  Review Journal Entries