Online Access Free 1Z1-1024 Practice Test

Select the two valid relationships between subledger components.

• A.The accounting method groups journal entry rule sets by Event Class and Event Type.
• B.The accounting method holds the accounting rules by Event Class and Event Type.
• C.Journal entry rule sets hold journal rules and accounting rules.
• D.Journal entry rules are used to hold accounting rules.
• E.The journal lines hold the journal entry rule sets.

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

• A.The standard cost of a model item is calculated.
• B.The standard cost is calculated for every possible combination of options under a model
• C.It is based on the actual cost of the work order after it is completed.
• D.It is based on the material and resource requirements of a released work order.

At what level can you define item cost profiles?

• A.Item cost profiles are defined within an inventory organization. There can be only one cost method for an inventory organization.
• B.Different items within an inventory organization can use different cost profiles, but items within an item category must all use the same cost profile because that is the level at which the default cost profile is defined.
• C.Item cost profiles are defined at the cost organization level. All items within a cost organization must use the same cost profile.
• D.Cost profiles are ultimately defined at the item level. Different items within the same inventory organization can use different cost profiles.

Your client uses actual costing and needs to cost to the subinventory level. They have a few subinventories that hold normal goods and one subinventory that holds returned goods. They want their normal goods subinventories to be costed differently from their returned goods subinventory.
Which cost policy supports this requirement?

• A.EnaWe the inventory organization that holds the subinventories to be costed to the subinventory level by changing the organization parameter field from "Costing Level" to "Subinventory."
• B.Create a separate cost organization for the normal goods subinventories and one cost organization for the returned goods subinventory.
• C.Manually create one valuation unit for the normal goods subinventories and one valuation unit for the returned goods subinventory.
• D.Manually create one cost profile for the normal goods subinventories and one cost profile for the returned goods subinventory.
• E.Create a separate cost book for the normal goods subinventories and one cost book for the returned goods subinventory Add both cost books to the same cost organization.

Your client originally used Quick Setup to configure Cost Accounting However, after reviewing their costing policies, they realize that they want to cost some of their lots differently then others What must they do to accomplish this?

• A.Quick Setup generates valuation units so they just have to access those valuation units and make their changes.
• B.They cannot change their current configuration; data generated by Quick Setup cannot be changed.
• C.Quick Setup generates one valuation unit so they can access this to make changes and manually create new valuation units.
• D.They must create their valuation units manually.