Online Access Free 1Z1-511 Practice Test

Your customer has set up a contract project with a distribution rule Work/Work. Identify three setup options to:
- Charge labortransactions revenue and all othernonlabortransactionsrevenue to separate accounts
- Generate separate invoice lineamountsforlaborand nonlabortransactions

• A.Define grouping option by revenue category on the project type.
• B.Definegrouping option byrevenuecategoryon the invoice format and attach the invoice format at the project type level.
• C.Definerevenue accountsatthe revenue category setup level.
• D.Setup revenue categories as required.
• E.Define AutoAccounting rules to derive revenue account based on revenue category.

You implement Project Manufacturing along with Project Costing for manufacturing company. You define various expenditure types in which few are specific to Project Manufacturing. Identify the three setups that are required to have an expenditure type specific to Project Manufacturing.

• A."Miscellaneous transactions" classis associated with the Expenditure Type.
• B."Inventory" class is associated with the ExpenditureType.
• C."Work In Process" class is associated with the Expenditure Type.
• D.Rate Required Is not enabled for the Expenditure Type.
• E.Rate Required is enabled for theExpenditureType.

You define assets for your project and assign them at the project or task level. What should be the value of "Project Asset Type" to generate asset lines?

• A.Generate
• B.Estimated
• C.As Built
• D.Built
• E.Regenerate

A client requires a project definition that allows for charging expenditures to the project at a higher Work Breakdown Structure level than where the manually entered percentage complete progress is captured. Which three Shared Structure relationships will support this requirement?

• A.Shared
• B.Vertical
• C.Not shared
• D.Partially shared
• E.Mapped

Refer to the exhibit.

In your company's Expenditure/Event Organization Hierarchy, organization labor costing rules are assigned to all organizations except San Jose. What happens when you run the "PRC: Distribute labor costs" program for a timecard transaction entered by an employee from the San Jose organization?

• A.The program ignores this transaction, because no labor costing ruleis assigned for San Jose.andcompletesnormally.
• B.The rule assigned for California takes precedence and the transaction will be successfullycostdistributed.
• C.Therule assignedfor SanFranciscotakes precedence and the transaction will hesuccessfully a distributed.
• D.The rule assigned for USA takes precedence and thetransaction will he successfully cost distributed.
• E.The program completes normally. However, the output will have this transaction under the exceptions sectionwith a message "No Labor costing rule assigned for organization."