Question No. 1

Identify two characteristics of an expense pool. (Choose two.)

AIt helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto the balance sheet as inventory value.

BIt is a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.

CYou can define the name of your expense pool, but you cannot define more than one.

DIt is used only for analyzing gross margins on noninventory sales of services.

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Correct Answer: A, B

Question No. 2

You have made some changes to your subledger accounting setups for Costing and want to verify that the journal entries are showing up correctly.

How can you generate a report that allows you to see the subledger journal entries for transactions without actually transferring to the General Ledger?

ARun the Create Accounting for Costing process with the following parameters:
* Accounting Mode = Draft
* Report Style = Detail
* Transfer to General Ledger = No
* Post in General Ledger = No

BRun the Transfer Transactions from Inventory to Costing process with the following parameters:
* Accounting Mode = Draft
* Report Style = Detail
* Transfer to General Ledger = No
* Post in General Ledger = No

CRun the Create Cost Accounting Distribution process with the following parameters:
* Accounting Mode = Draft
* Report Style = Detail
* Transfer to General Ledger = No
* Post in General Ledger = No

DRun the Create Cost Accounting Distribution process with the following parameters:
* Accounting Mode = Final
* Report Style = No report
* Transfer to General Ledger = No
* Post in General Ledger = No

ERun the Create Accounting for Costing process with the following parameters:
* Accounting Mode = Final
* Report Style = No report
* Transfer to General Ledger = No
* Post in General Ledger = No

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Correct Answer: A

Question No. 3

Which three predefined areas can you review on the Overview page of Cost Accounting? (Choose three.)

APurchase Variance Summary

BJournal Entries

CItem Costs

DCost Processing

EWork Order Costs

FInventory Valuation

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Correct Answer: A, E, F

Question No. 4

Which statement is true regarding the cost cutoff date in Cost Accounting?

AIt only affects whether or not you can process a cost adjustment.

BTransactions with a transaction date after the cost cutoff date will not be processed until the cost cutoff date is changed to a date that is later than the transaction date.

CTransactions with a transaction date after the cost cutoff date will not be processed. These transactions will never be processed in any subsequent cost processor run.

DTransactions with a transaction date before the cost cutoff date will not be processed until the cost cutoff date is changed to a date that is before the transaction date.

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Correct Answer: B

Question No. 5

You are configuring Landed Cost Management for client proof of concept and only want to set up required tasks. Which task must be completed?

ACharge Name

BReference Types

CTrade Operation Templates

DRoutes

ETrade Operation

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Correct Answer: A

Free Oracle 1Z0-1074-23 Exam Actual Questions

The questions for 1Z0-1074-23 were last updated On May 1, 2024