Oracle Cost Management Cloud 2023 Implementation Essentials : 1z0-1074-23 valid dumps

1z0-1074-23 real exams

Exam Code: 1z0-1074-23

Exam Name: Oracle Cost Management Cloud 2023 Implementation Essentials

Updated: Jul 04, 2025

Q & A: 80 Questions and Answers

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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. You are establishing the cost for a make assembly. When we run Cost Rollup, it is not rolling up and the Assembly shows "0" cost. However, item costs are available for child (buy) components. In the review work order cost, we are able to see child components costs, but not the rollup cost of the assembly.
Identify two reasons this happened.

A) Burdens have not been established for the item
B) Outstanding purchase orders have not been received.
C) The Work Definition is incomplete.
D) The assembly item is marked as Perpetual Average costed.
E) The item has no on-hand inventory.


2. Your client would like to accrue expense items at period end. What subledger journal entry rule set must be created in order for the expense accrual Journal entries to be successfully generated?

A) Event Class: Expense Accrual Event Type: Expense Accrual
B) Event Class: Purchase Order Price Adjustment Event Type: Expense Accrual
C) Event Class: Expense Accrual Event Type: Period End Accrual
D) Event Class: Period End Accrual Event Type: Period End Accrual
E) Event Class: Purchase Order Price Adjustment Event Type: Period End Accrual


3. 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) Run the Transfer Transactions to Costing process.
B) Close the August period; you can never have two open periods at the same time.
C) Perform cost account validations for August in Manage Cost Accounting Periods
D) Change the number of maximum open periods in Manage Cost Organization Relationships


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

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


5. Which two types of costs are included in the cost of contract manufactured items?

A) The cost of the contract manufacturing service Item. This is the price that the contract
B) 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
C) 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
D) Manufacturer will charge to make the outputs and would normally be enough to cover their costs and include a fair profit.
E) The cost of resources consumed at the OEM's factory


Solutions:

Question # 1
Answer: C,D
Question # 2
Answer: D
Question # 3
Answer: D
Question # 4
Answer: A,C
Question # 5
Answer: B,C

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