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Note! 1z0-1074-22 has been withdrawn. The new exam code is 1z0-1074-23

1z0-1074-22 Practice Exam Questions with Answers Oracle Cost Management Cloud 2022 Implementation Professional Certification

Question # 6

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.

Perform cost account validations for August in Manage Cost Accounting Periods

B.

Run the Transfer Transactions to Costing process.

C.

Close the August period; you can never have two open periods at the same time.

D.

Change the number of maximum open periods in Manage Cost Organization Relationships

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Question # 7

Your customer has a defined financial route that is not the same as the physical route in that it involves intermediate nodes (internal business units) that are not part of the physical supply chain.

Which pair of tasks are required to define and associate routes in Landed Cost Management?

A.

Definethe route in Cost and Profit Planning and associate with the Trade Operations Template in Landed Costs.

B.

Define the route in Functional Setup Manager and associate with Trade Operations in Landed Costs

C.

Define the route in Functional Setup Manager andassociate with Manage Charge Invoice Associations in Landed Costs

D.

Define the route in Landed Costs and associate with the Trade Operations Template in Landed Costs.

E.

Define the route In Cost and Profit Planning and associate with Trade Operations in Landed Costs

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Question # 8

Your client is using Quick Setup to implement Costing. They have a requirement to track costs for manufacturing overhead. How can you make sure that this requirement is met?

A.

Complete Quick Setup and then create the user-defined cost using the Manage Cost Component task.

B.

This requirement will already be met by the default data generated when using Quick Setup.

C.

Create the cost in Manage Cost Scenarios.

D.

You can only track costs for Direct Labor and Direct Equipment; this requirement cannot be met.

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Question # 9

Select the two valid relationships between subledger components.

A.

Theaccounting method holds the accounting rules by Event Class and Event Type.

B.

The journal lines hold the journal entry rule sets.

C.

The accounting method groups journal entry rule sets by Event Class and Event Type.

D.

Journal entry rules are used to hold accounting rules.

E.

Journal entry rule sets hold journal rules and accounting rules.

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Question # 10

How is the standard cost of a manufactured configured item calculated?

A.

It is based on the material and resource requirements of a released work order.

B.

The standard cost of a model item is calculated.

C.

The standard cost is calculated for every possible combination of options under a model

D.

It is based on the actual cost of the work order after it is completed.

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Question # 11

Identify three Landed Cost Management tasks.

A.

Capture Charges

B.

View Rolled Up Costs

C.

Manage Cost Scenarios

D.

Perform Allocations

E.

Create Accounting

F.

Review Journal Entries

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