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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. Identify the four types of cost adjustments.

A) Authorized users can manually create cost adjustments.
B) A change to a requisition after the purchase order has been created will create a cost adjustment.
C) A revenue recognition event, which in turn triggers a cost of goods sold recognition event, can cause a cost adjustment.
D) A retroactive purchase order price adjustment can cause an adjustment to the inventory value and the cost of goods sold.
E) A standard cost update will create an inventory value adjustment.
F) When a supplier invoice is processed in accounts payable, it can cause an adjustment to the inventory value and the cost of goods sold if the amounts processed for payment are different from the estimated amount on the purchaseorder.

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

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

3. 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) Define the route in Functional Setup Manager and associate with Trade Operations in Landed Costs
B) Define the route in Functional Setup Manager and associate with Manage Charge Invoice Associations in Landed Costs
C) Define the route in Cost and Profit Planning and associate with the Trade Operations Template in Landed Costs.
D) Define the route In Cost and Profit Planning and associate with Trade Operations in Landed Costs
E) Define the route in Landed Costs and associate with the Trade Operations Template in Landed Costs.

4. Identify four features provided by the Review Work Order Costs UI when displaying work order

A) Incremental Costs
B) Input Costs
C) Scrap Costs
D) Standard Cost variances
E) Variable Costs
F) Output Costs

5. Identify three Landed Cost Management tasks.

A) Capture Charges
B) Review Journal Entries
C) Manage Cost Scenarios
D) View Rolled Up Costs
E) Perform Allocations
F) Create Accounting

Solutions: