Practice1.docx

**Question 1** Which setting in the cost center master data do you use to assign the same attributes to similar cost centers? **Cost center department** **Cost center category** **Standard hierarchy node** **Functional area** **Question 2** You create a new cost estimate. Which of the follow...

**Question 1** Which setting in the cost center master data do you use to assign the same attributes to similar cost centers? **Cost center department** **Cost center category** **Standard hierarchy node** **Functional area** **Question 2** You create a new cost estimate. Which of the following steps are required to update the standard price of the material? Note: There are 3 correct answers to this question. **Activate the cost estimate** **Run the cost estimate.** **Mark the cost estimate.** **Release the cost estimate** **Simulate the cost estimate.** **Question 3** Which processes split costs into their primary cost components? Note: There are 2 correct answers to this question. **Execution of the assessment cycles** **Business process price calculation** **Cost center/activity type price calculation** **Top down distribution** **Question 4** You are running an indirect activity allocation. What do you post to the sender and receiver? **You post only cost to both the sender and receiver.** **You post both quantity and cost to the sender, and cost only to the receiver** **You post quantity and cost to both the sender and receiver** **You post both quantity and cost to the receiver, and cost only to the sender** **Question 5** You want to determine which operations of the routing should be considered in a product cost calculation. How do you do this? Note: There are 2 correct answers to this question. **By defining a usage key in the header of the routing** **By marking the cost indicator in the control key assigned to the operation** **By assigning a cost center to the work center in the operation** **By marking the Relevance to Costing indicator in the operation** **Question 6** In the material master record there are three planned prices: \"Planned price 1\", \"Planned price 2\" and \"Planned price 3\". What do you use them for? Note: There are 2 correct answers to this question. **To valuate future goods movements** **To valuate the materials in cost estimates** **To be used for reporting purposes** **To update the standard price at release of a cost estimate** **Question 7** You have implemented Product Cost by Sales Order in conjunction with revenue-based results analysis in your organization. For a particular sales order item, you have the following: Plan revenue = 3000; Plan costs = 2000 Actual revenue = 1200; Actual costs = 1000 What data does the system calculate during results analysis? **Revenue = 1200; Cost of sales = 800; Reserve = 200** **Revenue = 1200; Cost of sales = 1000; Reserve = 200** **Revenue 1200; Cost of sales = 800; WIP = 200** **Revenue = 1200; Cost of sales = 1000; WIP = 200** **Question 8** What master data objects can you set up using time-based fields? Note: There are 2 correct answers to this question **Statistical key figures** **Cost elements** **Activity types** **Cost centers** **Question 9** Which receiver must be allowed in the settlement profile of a product cost collector? **Material** **Sales order item** **Order** **Profitability segment** **Question 10** You have implemented Product Cost by Sales Order in conjunction with cost-based POC results analysis in your organization. For a particular sales order item, you have the following: Plan revenue = 3000; Plan costs = 2000 Actual revenue = 1200; Actual costs = 1000 What data does the system calculate during results analysis? **Revenue = 1200; Cost of sales = 1000; Capitalized revenue (revenue in excess of billings) = 200** **Revenue = 1500; Cost of sales = 1000; Revenue surplus = 300** **Revenue = 1500; Cost of sales = 1000; Capitalized revenue (revenue in excess of billings) = 300** **Revenue = 1200; Cost of sales = 1000; Revenue surplus = 200** **Question 11** Which of the following statements best describe Product Cost by Order? Note: There are 2 correct answers to this question **It is used when you perform repetitive manufacturing.** **It is used when controlling by individual production lots or discrete quantities is needed.** **It is used when full cost traceability is needed.** **It is recommended for products with a long production time.** **Question 12** What can you manage via the account assignment category? Note: There are 2 correct answers to this question. **Costing variant** **Accounting via sales order** **Results analysis key** **Separate sales order stock** **Question 13** In the Product Cost by Order process, what does the system calculate depending on the order status? **WIP at target costs or variances** **WIP at actual costs or variances** **WIP at percentage of completion (POC) method or variances** **Both WIP and variances or only variances** **Question 14** You want to create a new standard cost estimate based on the quantity structure of the existing standard cost estimate. Which object do you use? **Costing type** **Costing version** **Reference variant** **Transfer control** **Question 15** You would like to allocate primary and secondary costs from a cost center to another cost center. Which allocation method will you use? **Periodic reposting** **Distribution** **Top down distribution** **Assessment** **Question 16** For which objects can you enter statistical key figures? Note: There are 3 correct answers to this question. **Cost centers** **Functional areas** **Internal orders** **WBS elements** **Cost elements** **Question 17** You want to understand why costs are collected on sales order item level. What do you need to check in the configuration? Note: There are 3 correct answers to this question. **Costing type** **Valuation variant** **Requirements class** **Requirement type** **Account assignment category** **Question 18** You are working in the machinery industry and you consider implementing cost center budget management. Which functions are available for cost center budget management? Note: There are 2 correct answers to this question. **Budget values import with CSV file** **Unused budget carry-forward to next fiscal year** **Availability control against monthly budget amount** **Budget transfer from source cost center to multiple target cost centers** **Question 19** What are some of the unique attributes of an assessment cycle in Controlling? Note: There are 3 correct answers to this question **They can be processed in an iterative way.** **They transfer primary and secondary costs** **They use the original cost element during transfer** **They use a secondary cost element during transfer** **They can be defined with an allocation structure.** **Question 20** Which of the following statements best describe Product Cost by Period? Note: There are 2 correct answers to this question **It is used in conjunction with a product cost collector** **It is used when the focus of controlling is on a stable and continuous production process** **It is used to analyze work in process (WIP) based on actual costs.** **It is used to analyze costs by individual production lots** **Question 21** Which parameters are controlled by the costing type in a costing variant? Note: There are 2 correct answers to this question. **Save with date key** **Costing sheet** **Price for materials** **Price updates** **Question 22** You are setting up costing-based Profitability Analysis for your organization. What are related configuration activities? Note: There are 3 correct answers to this question **Define characteristics** **Assign value fields to conditions** **Configure account determination for COGS split** **Enable attributed profitability analysis** **Configure summarization levels** **Question 23** You are setting up a direct internal activity allocation in SAP S/4HANA. What are valid receivers for the activity? Note: There are 3 correct answers to this question **Profit center** **Sales order item** **General ledger account** **Internal order** **WBS element** **Question 24** To which object do you assign a costing sheet? **Costing variant** **Valuation variant** **Costing type** **Cost component structure** **Question 25** How can you define the overhead rate in a costing sheet? Note: There are 2 correct answers to this question. **As quantity-based surcharge** **As equivalence number** **As fixed value** **As percentage rate** **Question 26** You want to enable WIP calculation in Product Cost by Period. What do you need to configure? **Profitability Analysis (PA) transfer structure** **Variance variant** **Valuation variant** **Settlement profile** **Question 27** How does the system derive the requirement type from the material master data? Note: There are 2 correct answers to this question **MRP group-\> strategy group -\> planning strategy -\> requirements type** **MRP group requirements class -\> planning strategy -\> requirements type** **Strategy group -\> planning strategy -\> requirements class -\> requirements type** **Strategy group-\> planning strategy -\> requirements type** **Question 28** At which level do you define the valuation method for results analysis? **Controlling area** **Valuation area** **Client** **Operating concern** **Question 29** You are creating a new activity type and want to maintain plan prices for a cost center. Which attributes must you configure in the activity type master record? Note: There are 3 correct answers to this question **Valid cost center categories** **Output quantity** **CO version** **Activity type category** **Price indicator** **Question 30** How does SAP S/4HANA capture costs? Note: There are 2 correct answers to this question. **Only primary costs are captured in general ledger accounts** **Primary and secondary costs are captured in general ledger accounts** **Primary and secondary costs are captured on cost elements** **Secondary costs are captured in extension ledger CO that references the leading ledger** **Question 31** You want to maintain a cost component structure. What can you determine for each cost component? Note: There are 3 correct answers to this question. **Relevance of cost component to goods manufactured** **Relevance of cost component to inventory valuation** **Relevance of cost component to results analysis** **Assignment of cost component to cost component group** **Assignment of cost component to calculation base for overheads in costing sheet** **Question 32** Which default values can you configure for the product cost collector? Note: There are 2 correct answers to this question **Results Analysis (RA) key** **Variance variant** **Results Analysis (RA) version** **Costing variant for preliminary costing** **Question 33** You configure the commitment management solution for cost centers and projects in your SAP S/4HANA system. Which documents can create commitments against the budget? **Purchase order for purchasing a car with direct capitalization** **Invoice for project related travel expenses** **Purchase requisition for purchasing office materials** **Goods receipt for production material stock** **Question 34** Why would you use manual cost allocation in Controlling? Note: There are 2 correct answers to this question. **To allocate costs using an allocation cycle** **To run simple allocations of actual data** **To run simple allocations of plan data** **To correct secondary postings** **Question 35** Your enterprise has five company codes assigned to three separate operating chart of accounts. What is the optimal way of configuring the relationship between operating concerns and controlling area? ** One operating concern** ** Three controlling areas** ** One operating concern** ** Five controlling areas** ** One operating concern.** ** One controlling area** ** Three operating concerns** ** Three controlling areas** **Question 36** Which of the following objects can be selected in templates for activity-based costing? Note: There are 2 correct answers to this question. **WBS element** **Business process** **Cost center/activity type** **Internal order** **Question 37** Which scenarios can be covered by one single costing run? Note: There are 2 correct answers to this question. **Inventory cost estimate of all the materials in one plant** **Standard cost estimate of all the materials in all company codes of a controlling area** **Current cost estimate of all the materials in one plant** **Standard cost estimate of all the materials in all controlling areas** **Question 38** Which type(s) of Profitability Analysis update(s) the cost of goods sold at the time of delivery only? **Margin analysis** **Costing-based** **Combined profitability analysis** **Both margin analysis and costing-based** **Question 39** You want to use a template to consider overhead during product costing. How do you assign the template to your material? **Using a costing key and an overhead key** **Using an origin group and an overhead group** **Using a cost component group and an overhead group** **Using an overhead group and an overhead key** **Question 40** Which statement best describes cost center standard hierarchy? **It is a structure where all cost centers with the same currency are defined.** **It is a structure to which all cost centers of a client have to be assigned.** **It is a structure to which all the cost centers within a controlling area are assigned** **It is a structure where all cost centers within the same operating concern are defined**