F23

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Title of test:
F23

Description:
F23_E Product cost

Author:
VKP1234
(Other tests from this author)

Creation Date:
18/08/2019

Category:
Others
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Content:
The costing results in product cost planning consist of the cost of goods manufactured only ? True False.
Which of the following are stages in a product life cycle? Four Answers Product design and specification Product idea Continuous improvement Saturation Costing run.
At the product design and specification phase, costs can increase as refinements are made to original specifications. True False.
Which of the following is necessary for the material costing without quantity structure costing method? Bill of material Material master Bill of trading.
You want to introduce a modified variant of an existing product into the market. Which costing method do you use to generate the cost estimate? Reference and Simulation Costing Material cost estimate with quantity structure Material cost estimate without quantity structure.
Which of the following prices from the SAP S/4 HANA application are used by costing items? Two answers Activity prices from cost center accounting Material prices from materials management Valuated prices from materials management.
Which of the following data is required for activities processed internally? Resource Work center Bill of material.
The modifiable item categories detail screen displays only the permitted fields that are ready for input. True False.
Which of the following items is derived from the process template? Internal activity External activity Manual process costs Automatic process costs.
The formulas for the special item categories cannot be longer than ____________. 25 characters 50 characters 100 characters 150 characters.
Each cost estimate that you create is based on a costing variant. True False.
Which of the following can you determine from the costing sheet? Purpose of costing Direct costs to which overhead is to be applied Master data entries for the application of overhead.
The material cost estimate without quantity structure automatically explodes and valuates logistical structures. True False.
Which of the following material master views are relevant to costing? Three answers Accounting Costing Plant stock MRP Forecasting.
Which of the following objects can you use if the domestic raw material costs are to be shown as a different cost component from the imported raw material costs? Cost elements Origin group Valuation area Valuation class Overhead group.
Standard price is always equal to the standard cost estimate. True False.
The purpose of designing material costing without a quantity structure is: Two answers To cost materials without accessing routings To cost materials without accessing bills of material To cost materials by accessing bills of material To cost materials by accessing routings.
When can you use material costing without a quantity structure? Two answers When costing and updating prices for new materials When costing and updating prices for raw materials When costing using SAP production planning data When costing using non-SAP production planning data.
In which of the following ways can you use multilevel unit costing for product changes? Make changes to the existing product. Copy the existing cost estimate and then make changes to the copy. Make changes to the existing cost estimate. Make new cost estimates for the changes in the product.
If you make a copy of the material cost estimate from the worklist, any changes in the copied structure do not affect the original cost estimate. True False.
What is the function of cost component split? It groups cost elements in cost components when a multi-level structure is costed. It provides an overview of the cost elements in cost components. It allows you to save the cost elements in cost components. It allows you to delete the cost elements in cost components.
When you revaluate the costing structure of a base planning object, what does the yellow status indicate? A warning Changes accepted An error Information.
What is the correct sequence to perform costing? Finished products, followed by semi-finished products, followed by raw materials and purchased parts Raw materials and purchased parts, followed by semi-finished products, followed by finished products Raw materials and purchased parts, followed by finished products, followed by semi-finished products Finished products, followed by raw materials and purchased parts, followed by semi-finished products.
A routing can contain multiple materials involved in the same production process. True False.
Which of the following functions can the control key in a work center operation specify? Dimension Keyword Capacity planning Costing.
The work center describes the quantity of an activity and the location of the operations. True False.
The parameter key specifies which of the following functions? Two answers Scheduling Dimension Keyword Capacity planning.
The quantity structure control ID describes a list of priorities for the bill of material and routing through _____________________ and __________________________. Two answers Routing selection keys Costing variant Quantity structure Bill of material application.
Which parameters are used by the selection ID to determine which routing it selects first? Three answers Task list type Plan status Task list usage Task list plan.
Which dates are proposed by the system from the costing variant? Three correct answers Validity dates (from/to) of the cost estimate Bill of material date Valuation date Routing date Quantity structure date.
You can create your own display variants for displaying error logs. True False.
The explanation facilities enable the cost planner to access the master data directly from the cost estimate screen. True False.
Which of the following prices can you use to valuate the materials in the cost estimate? Tax-based prices Planned prices 1, 2, and 3 Price control Commercial prices.
The system can detect content errors, such as incorrect prices or quantities. True False.
The system uses the itemization of standard cost estimates to determine: Actual costs for manufacturing order Cost component split of the product Revenues of the billed quantity Target costs for manufacturing order.
Release converts the future standard price to the current standard price. True False.
Which of the following items is not removed from the database when you delete the current standard cost estimate? Standard price Cost component split Itemization Link to material master.
Authorization has to be granted in order to make changes to the standard price without making changes to the standard cost estimate. True False.
The costing run organizes the processing steps and checks the generated material cost estimates. True False.
While creating a costing run, if some materials are costed with errors, the costing activity is only repeated for these materials before price update is performed. True False.
The selection list can be used to select materials for a costing run by assigning the ___________ to the selection step. Material number Selection list Product.
Which parameters are required to create a costing run? Three correct answers Company code Costing variant Profit center Costing dates.
The Analysis option in the costing run enables only one mass report. When analysis is performed again, the old result is ________________. Overwritten Saved Archived.
You need to print the log at each stage of a large costing run. True False.
The cost estimates with errors only procedure is used when few errors are expected in the costing run. True False.
A costing variant contains all the information required to execute a material cost estimate. True False.
You can create various results for the same material using the same costing variant. True False.
Which of the following cost estimate options is used in the valuation of actual quantity structure with tax-based and commercial prices? Standard cost estimate Current cost estimate Inventory cost estimate Modified standard cost estimate.
The valuation variant searches the various price sources listed for each strategy in the sequence in which they are entered in the strategy. True False.
The quantity structure specifies the material costs that can be manually entered in a unit cost estimate. True False.
The purpose of a cost rollup is to ensure that the costs of goods manufactured of all materials in a multi-level BOM are included in the ______________ of the higher-level material. Cost estimate Production estimate Original cost of production.
What are the forms in which the views for material costing results are available? Three correct answers Cost component split Itemization Customization Costed multi-level BOM.
You can assign various cost component structures for each company code and plant. True False.
The function of the primary cost component split is to show the ______________ of a product when valuating cost centers/activity types and process costs. Fixed costs Primary costs Variable costs.
Determining prices through planned price iteration is a requirement to create primary cost component splits. True False.
Overhead costing allocates indirect costs to cost estimates by applying a percentage or quantity-based fixed amount to a specified cost base. True False.
To determine overhead, you use the ___________ that were posted to the order. Total costs Direct costs Indirect costs.
The purpose of Activity-Based Costing is to accurately account for _______________ based on a specific cost driver. Direct costs Indirect costs Fixed costs.
Material costing with quantity structure can allocate cost parts that are not contained in the BOM or routing. True False.
A business process is a process or an activity within a company that uses resources and activities from one or more cost centers. True False.
The process template can include multiple processes or even multiple process templates to allocate as many _________________ as appropriate. Direct costs Indirect costs Fixed costs.
The standard system contains functions that assign environments to templates True False.
In customizing for transfer control, you can specify the cost estimates that can be used. True False.
When you cost a new product, you can avoid costing the entire product structure again by automatically transferring the existing data. True False.
Which application helps you avoid costing the entire product structure again by automatically transferring the existing data? Material Cost Estimate without Quantity Structure Cross-Company Costing Costing Run Material Cost Estimate with Quantity Structure.
Transfer control is taken into account when the material has a cost estimate in one plant, but is valuated by another plant. True False.
Group costing cannot be used if all the companies are assigned to the same controlling area. True False.
When a resource is costed, the system automatically determines the partner that supplied the resource. True False.
In case of additive costing, which of the following should match for an automatic cost estimate and manual cost estimate? Three correct answers Costing type Valuation variant Activity type Version.
Cost elements are required to handle additive costs. True False.
To create a mixed cost estimate, you assign the quantity structure types in the costing version. True False.
You can create a single procurement alternative for each process category. True False.
When a material cost estimate is executed, the system first generates a cost component split and itemization for each procurement alternative. True False.
The system creates a mixed cost estimate for the material using the mixing ratios. True False.
The special procurement key entered in the material master record in the MRP view has a higher priority than the key entered in the costing view. True False.
The special procurement key can specify that one plant transfers inventory to another plant. True False.
If no special procurement is planned for a material and there is no valid bill of material, the system creates a raw material cost estimate. True False.
Phantom assemblies are assembled in their header material. True False.
The subcontractor receives material parts and manufactures the complete material True False.
The purchase order specifies which components of the assembly need to be sent to the vendor. True False.
When an operation is processed externally, the data relevant to costing is maintained directly in the subcontracting. True False.
Which of the following data can be accessed for material costing purposes? Two correct answers Net price of purchase Prices from the info record Gross price of purchase Conditions from the last purchase order entered in the info record.
In Customizing for the costing variant, you can assign a separate overhead costing sheet for the raw material cost estimate. True False.
Two-level assignment enables you to make a differentiation only in the itemization. True False.
In costing, a strategy sequence is used to select a vendor or purchasing info record and prices of vendors is the highest selection criteria. True False.
Which of the following statements is true? Three correct answers Component scrap increases the required quantity of a component. Assembly scrap increases the required quantity of all components. Operation scrap reduces overplanning through component scrap. Operation scrap reduces the operation quantity of subsequent operations.
Component scrap is used in MRP to determine the input quantities of components. True False.
It is possible to have the system update the assembly scrap field in the material master based on scrap that is reported through confirmations. True False.
Which of the following categories of scrap is defined in the routing? Assembly scrap Operation scrap Component scrap.
Which of the following categories of scrap is maintained in the material master of the assembly? Assembly scrap Operation scrap Component scrap Operation scrap with net indicator.
It is always beneficial to combine operation scrap with assembly scrap. True False.
It is difficult to create variants for products that have many characteristics affecting their composition. True False.
A configured material is assigned to one or more classes for which the SAP classification system is used. True False.
You create a BOM for each product characteristic. True False.
A co-product is a valuated product that is produced simultaneously with one or more products. True False.
You can use an apportionment structure to calculate the cost of goods manufactured for each co-product. True False.
Which of the following is a disadvantage of the moving average price procedure? Real-time price fluctuations are posted to stock Prices differences occur only in exceptional circumstances Price fluctuations can be adjusted to the finished products of the higher level The stock value is adjusted each time goods are received.
In a multilevel production structure, variances can occur for various objects at various levels of the production process. True False.
Actual costing with the material ledger cannot be used to analyze the actual procurement cost. True False.
Which view is dedicated to analyzing decentralized responsibility areas? Legal view Profit center view Group view General ledger view.
To be able to assess the actual costs of goods manufactured according to the view of the group, it is necessary to keep all real or assumed profits in the value-added chain. True False.
The purpose of group costing is to eliminate all real and assumed profits in the value-added chain. True False.
Product life cycle costing works when integrated with SAP systems only. True False.
Product lifecycle costing works with only on the SAP HANA platform. True False.
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