Identify four characteristics of a cost element.

• A.The mapping of cost components into cost elements is user-defined.
• B.It is user-defined.
• C.It is the granularity at which costs are tracked and accounted.
• D.It is the most granular level of cost captured by upstream systems such as procurement, accounts payable, and manufacturing.
• E.Users can define any number of cost elements.
• F.It uses date effectivity.

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Identify two ways that standard cost is calculated.

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

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

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

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Identify four reasons to use the set ID when defining Cost Accounting setups. (Choose four)

• A.You don't have to create any definitions for cost books.
• B.You can control which definitions are visible to different cost organizations
• C.You have the option to share setup data across all cost organizations using the common set.
• D.You can take advantage of the business unit-to-set ID mapping defined in Cost Accounting.
• E.You can streamline your setup effort.
• F.You can share definitions across multiple cost organizations.

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You have finished creating your sub ledger journal entry rule sets and see that they are still in the incomplete status. Which two steps will ensure that the journal entries are generated?

• A.Run the "Activate Subledger Journal Entry Rule Set Assignments" process.
• B.Run the "Activate Accounting Methods" process.
• C.Validate the subledger journal entry rule sets using Validate Journal Entry Rule Set.
• D.Add the subledger journal entry rule sets to the Manage Journal Entry Rule Set task.
• E.Add the subledger journal entry rule sets to the Manage Accounting Methods task.

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