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1Z0-1074-21 certification subjects.

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3. Understand all Syllabus Topics of the Exam which are Given in

Description.

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1Z0-1074-21 Certification Detail

Exam Code 1Z0-1074-21

Full Exam Name Oracle Cost Management Cloud 2021 Implementation

Essentials

Number of

Questions

55

Practice Exams 1Z0-1074-21 Online Practice Exam

Passing Score 62%

Time Limit 90 minutes

Recommended

Training

Oracle Cost Management Cloud 2021 Certified Implementation

Specialist

Oracle Supply Chain Management Cloud Learning

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Syllabus Topics for Oracle 1Z0-1074-21 Exam

Topic Name

Managerial Accounting Overview Receipt Accounting Overview

Cost Accounting Overview Standard Costs

Landed Cost Overview Subledger Accounting

Costing and Inventory Foundations Projects Enabled Supply Chain

Oracle 1Z0-1074-21

Exam Questions

?

01. You have just finished modifying an accounting method. What is the

final step to complete the accounting method configuration?

Option

a) Activate its journal entry rule set assignments.

b) Transfer costs to Cost Management.

c) Create Accounting.

d) Transfer transactions from Receiving to Costing.

e) Execute the Preprocessor.

ANSWER

c) Create Accounting.

02. How is the standard cost of a manufactured configured item

calculated?

Option

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.

ANSWER

b) The standard cost of a model

item is calculated.

03. Which two types of costs are included in the cost of contract

manufactured items?

Option

a) 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 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

c) The cost of resources consumed at the OEM's factory

d) The cost of the contract manufacturing service Item. This is the price that the contract

e) Manufacturer will charge to make the outputs and would normally be enough to cover

their costs and include a fair profit.

ANSWER

a) 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 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

04. What are three cost method choices that are available in Cost

Accounting?

Option

a) Period end average cost

b) Actual cost (LIFO or Last In First Out)

c) Periodic average cost

d) Standard cost

e) Perpetual average cost

f) Actual cost (FIFO or First In First Out)

ANSWER

b) Actual cost (LIFO or Last In First Out)

e) Perpetual average cost

f) Actual cost (FIFO or First In First Out)

05. Which three features are included in Receipt Accounting?

Option

a) Analyze Standard Purchase Cost Variances

b) Create Receipt Accounting Distribution

c) Review Item Costs

d) Adjust Receipt Accrual Clearing Balances

e) Review Journal Entries

ANSWER

b) Create Receipt Accounting Distribution

d) Adjust Receipt Accrual Clearing

Balances

e) Review Journal Entries

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