What needs to be specified to calculate work in process (WIP) in a product cost collector? Default rule Order type Results analysis key Settlement type.
What status is assigned to the production order, if you assign a production order to a product cost collector (PCC)? REL PCC CRTD SETC.
Which of the following statements about the costing variant is correct? The actual costing variant is needed to calculate the actual costs of the production order.
The plan costing variant is needed to calculate the plan cost of the production order. Correct! The plan costing variant is a prerequisite for planning costs.
To calculate the direct costs of production, the system multiplies the prices selected in accordance with the valuation variant, by which of the following?
Three correct answers Planned setup times
Labor times Setup costs
Which of the following types of posting is posted with reference to the production order? Billing document
Which price control indicator is selected to valuate material at the standard price? Price control indicator V
Price control indicator S.
Which of the following functions investigates the causes of the order’s balance? Variance calculation
Cost Center Accounting
Work in process (WIP) calculation
The costing sheet to calculate overhead cost is assigned to which of the following? Valuation variant
The use of product cost collectors improves the performance of period-end closing activities, such as revaluating activities. This is because the number of cost objects is lower than the product costs per order. True False.
Which of the following is a function of the product cost collector? Material ledger preparation
Profitability forecast reporting
Overhead removal plan preparation
Work in process (WIP) calculation.
Which of the following statements is true about work in process (WIP)? Calculating WIP means valuating the unfinished goods.
Calculating WIP means valuating the finished goods.
Calculating WIP means valuating the raw material.
Calculating WIP means valuating the goods that are completed and delivered.
How is the WIP quantity calculated? The WIP quantity is calculated as the difference from yield quantity and scrap quantity.
The WIP quantity is calculated as the difference between the confirmed total quantity (yield and scrap) of the following operation and the confirmed total quantity of the previous operation.
In Product Cost by Period, WIP is calculated based on which cost? In Product Cost by Period, WIP is calculated based on actual costs.
In Product Cost by Period, WIP is calculated based on target costs.
Which of the following are necessary to perform mixed costing in product cost planning? Create a procurement alternative for each production version
Define a mixing ratio
Have a separate material master for mixed prices
Variances can only be calculated on a cost object if you have stored a variance key in its master record. True False.
In the settlement profile, which of the following settings are needed to enable variances to be settled to Profitability Analysis (CO-PA)? Variances indicator must be selected.
Profitability segment must be allowed.
Material must be allowed.
Cost center must be allowed.
What is manufactured automatically while another product is being produced? A joint product A by-product A co-product.
Which of the following objects contains the equivalence numbers for co-products? A Profitability Analysis transfer structure A source structure An apportionment structure An allocation structure.
If you are using milestone confirmations, how must you confirm the milestone? In a specified sequence Randomly.
You specify the operations that are milestones in the _____________ with the control key of the operation. Bill of material (BOM) Routing.
When you enter the goods receipts, the system charges cost objects automatically with which of the following? Primary cost Secondary costs Additional costs.
Which of the following supports efficient execution of the period-end closing process? Schedule allocation manager Scheduler Schedule manager Schedule management process.
Which function is used to settle actual costs of co-products in Product Cost by order? Individual Processing Preliminary Settlement for Co-Products Allocation Percentage Settlement.
The settlement profile allows either proportional settlement (Equivalence Number indicator), or percentage settlement (%-Settlement indicator). True False.
The allocation structure contains all cost elements with which the __________can be debited. Work in process (WIP) Order items Order header Actual costs.
How is work in process (WIP) calculated? Based on target costs for orders with settlement type PER Based on actual costs for product cost collectors Based on target costs for process orders with co-products Based on actual costs for orders with settlement type PER.
In which of the following cases can you not determine work in process of a manufacturing order, including the co-products? At actual cost If the settlement type is PER At target cost If the settlement type is FUL.
If the debit of the order item is less than the credit, what does the system do?
Two correct answers Debits unfinished goods inventory Debits expense for reserves for unrealized costs Credits unfinished goods inventory change Credits reserves for unrealized costs.
When do you compare the actual cost of the order with the standard cost estimate and the preliminary cost estimate for each order item? After you enter the last goods receipt into the inventory After you settle the variances Before you settle the variances Before you enter the last goods receipt into the inventory.
The system can calculate variances only after the status DLV has been set for the order for: Manufacturing orders that have co-products and whose order item has settlement type FUL Manufacturing orders without co-products whose order item the settlement type is FUL Manufacturing orders that have co-products whose order item the settlement type is PER Manufacturing orders without co-products that have the settlement type PER.
The order balance is always interpreted as a variance for: Manufacturing orders that have co-products and whose order item has settlement type FUL Manufacturing orders without co-products for whose order item the settlement type is FUL Manufacturing orders that have co-products for whose order item the settlement type is PER Manufacturing orders without co-products that have the settlement type PER.
If the price control indicator is set to S, the system: Debits Finished Goods Inventory Change and Price Differences Debits Price Differences and credits Finished Goods Inventory Change.
When the order is delivered and settled, the order balance is reduced to zero by transferring the difference between the __________ and the value of the delivery to stock to Financial Accounting. stock of the order cost of the order value of the manufacturing order stock of the co-products.
If you use Product Cost by Period without the product cost collector, which of the following settings are needed?
Two correct answers Choose default rule PP1 Choose default rule PP2 Product Cost Collector indicator is set Product Cost Collector indicator is not set.
For which of the following tasks is pre-sales information useful?
Three correct answers Tracking lost sales Schedule lines and delivery information Recording pre-sales data to help negotiate large contracts Selling to large organizations that require documentation of the entire process.
When you post a goods issue, which of the following updates to the general ledger can you see?
Two correct answers The expense accounted is credited. The stock account is debited. Both quantity-based and value-based stocks decrease. Costs increase.
The transfer order is used for controlling the movement of goods within your warehouse. True False.
Within unvaluated stock, all the consumption from the sales order and project stock credit the consumer and increase the accounting stock. True False.
The top-down reporting approach includes which of the following elements?
Three correct answers Key features Aggregated data Lean scenarios Aggregation levels.
Which of the following use cases can you choose for a condition type?
Three correct answers Mandatory condition Manually entered condition Pricing procedure For statistical purposes only.
For a sales order in a Make-To-Order (MTO) scenario, which of the following is used to calculate the planned costs? Choose the correct answers.
Two correct answers Unit costing Product costing Overall costing Easy cost planning.
If the price control indicator of the material is set to _______, the production order is debited with the current moving average price. V S A M.
Which of the following statements are true for cost accounting and sales orders?
Two correct answers The cost object is the sales order. The cost object is the sales order item. To use project manufacturing, you have to enter a WBS to the sales order item. You can group several sales order items to one cost object.
Which of the following data is relevant to the definition of an item category?
Four correct answers Relevance for delivery schedule lines Pricing relevance for billing Incompletion log Partner texts Schedule line 1.
Using the item category, the system cannot process the same material for various sales document types differently. True False.
You can derive the requirements type in four ways, based on the check control of requirements type determination table. True False.
Which of the following account assignment categories relate to Make-To-Order (MTO) production without controlling by sales order? E B M.
If you want to valuate the sales order stock only at the standard price of the non-allocated warehouse stock, set the ________. Without val. Strategy indicator Variance indicator Revenue postings allowed indicator.
Product order variances result from which of the following?
Two correct answers Too many or too few costs debited Too many or too few costs credited Too many or too few costs allocated.
For valuated sales order stock, the period-end closing process for production orders assigned to a sales order is identical to the period-end closing process for ______________________. Make-To-Stock (MTS) production Make-To-Order (MTO) Engineer-To-Order (ETO).
___________ for processes and activity types enables overhead to be allocated in a meaningful and transparent manner without requiring much manual effort when period-end closing is performed. Template allocation Activity allocation.
The Final Billing status informs the system that no further costs are expected. The Technically Completed status informs the system that you expect no further revenue. True False.
If the revenue-based valuation method is used in product cost by sales order, the revenue in excess of billings is calculated on basis of the quotation of planned and actual revenue. True False.
Results analysis saves the data for the sales order item under __________ cost elements, which you assign in Customizing. Secondary Primary.
To be able to pass work in process and reserves onto Financial Accounting (FI), you must ___________ so that general ledger accounts can be assigned to secondary cost elements. Define posting rules in Customizing Define assignments for results analysis in Customizing Define updates for results analysis.
If you do not carry out results analysis, the posted actual costs and actual revenue of the sales order item is settled to which of the following? The profitability segment Financial Accounting Profit Center Accounting.
Which of the following methods can you use to define a strategy for flexibly assigning costing keys?
Two Correct answers Table lookup Target fields Individual table User-defined assignment tables.
Which of the following business processes is used to charge costs to sales orders for services? Cost object Profitability analysis Resource-related billing Goods issues.
In a make-to-order (MTO) service scenario, the sales order is typically settled to Profitability Analysis (CO-PA). True False.
If the _________ includes a material item with a cost estimate, you can explode this cost estimate to display the items that make up the material cost. Product unit Costing Unit costing Sales order for service.
Which of the following can you use to allocate the internal activities of your employees? Data entry profiles Time Sheet Production orders Project system.
You can use the Cross-Application Time Sheet (SAP CATS) to enter actual times for which of the following applications?
Three correct answers Human Capital Management Management Accounting Service Management Investment Management.
Time recording with the Cross-Application Time Sheet can be carried out for several employees at once. True False.
You can use Results Analysis to calculate _______ and _______ of the cost object.
Two correct answers Cost of goods sold (COGS) Profits Inventory values Losses.
The starting point for calculating accrual values is the calculation of (a) ___________ for the cost object. Reserves for unrealized costs Percentage of completion Reserves for imminent loss Percentage of pending.
The system uses the dynamic item processor to ____________ data in dynamic items during resource-related billing and quotation creation. Summarize Generate Delete Edit.
You can use the dynamic item processor profile for creating quotations and billing (both resource-related and flat-rate). True False.
To perform resource-related billing, you create a debit memo (billing request) based on the controlling line items. True False.
If a sales order is assigned the final billing status, you can enter _____ and _____ with respect to the sales order.
Two correct answers Debit memos Revenue Credit memos Quantities.
You can generate detailed reports for product costs by period using which of the following?
Two correct answers Report Painter SAP List Viewer SAP Lumira.
In the Product Cost Controlling (CO-PC) Information System, you can create a transaction code for own reports and assign own reports to the information system tree and also create a Fiori launch tile. True False.
In Reports for Product Cost Controlling, which of the following can be used to generate extracts?
Two correct answers Order selection SAP List Viewer Sales order selection Line Item reports.
You can save cost object data permanently in summarization objects. The data in the summarization objects does not change until current data is added and summarized by a new run. True False.
If the order has neither status delivered nor status technically completed, work in process (WIP) is calculated based on which of the following? Actual cost Target cost Plan cost.
When the production scenario is defined with Repetitive Manufacturing, which Cost Object could be used to calculate the variances of the production line? Product Cost Collector Work Breakdown Structure.
Which of the following statements about the plan cost of production orders is correct? The plan cost of the production order could be analyzed in reporting of Product Cost by Period. The plan cost of the production order could be analyzed in reporting of Product Cost by Order. The plan cost of the production order is only used for ad hoc analysis, because plan cost are not available in the reporting of the product cost collector.
For which cost object can you calculate plan cost in Product Cost by Period? Production Process Production Order Product Cost Collector.
What are valid controlling levels of a product cost collector?
Three correct answers Material and plant Plant Material and production version Material, plant, BOM and routing.