C_TS4CO_1709 - Chapter 5 - Product Cost Planning

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Title of test:
C_TS4CO_1709 - Chapter 5 - Product Cost Planning

Description:
Practice Questions from Certification Guide

Author:
phreak
(Other tests from this author)

Creation Date:
30/08/2019

Category:
Competitive Exam
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Content:
What can you use to differentiate two or more cost estimates for the same material? There are two correct answers. Costing variant Transfer control Costing version Valuation variant.
What do you do to create a primary cost component split? There are two correct answers. Assign the same cost element main components Assign a cost component structure to the CO version Run an activity price calculation Enter split activity prices manually.
True or False: A cost component split can have as many categories as you wish. True False.
What do you get if you mark a standard price cost estimate? There are two correct answers. A new status in the cost estimate A future standard price A costing-based CO-PA document for material revaluation An accounting document for the material ledger.
What do you use to map the primary cost component split to the product cost component structure? Assignment scheme Cost component groups Allocation structure Transfer structure.
What is required before you can create a multilevel material cost estimate without quantity structure? Material master with accounting view and with MRP views Specific valuation variants for material costings without quantity structure Material master with costing view Specific costing variants for material costings without quantity structure.
Which cost estimates must you reuse with the transfer control functionality? Cost estimates with same cost component structure Cost estimates with quantity structure Cost estimates within the same plant Cost estimates across company codes.
Which object do you configure to reuse material cost estimate for the costing process? Group costing Quantity structure control Valuation variant Transfer control.
True or False: A BOM and routing can be created specifically for costing. True False.
Which object do you have to assign the cost component structure to? Valuation variant Costing type Costing variant Material master record.
Which parameters can you enter when you create a costing run? There are three correct answers. Transfer control Costing variant Production version Costing version Valuation variant.
Which views can you use to analyze the costing results within the costing run tool? There are three correct answers. Variance report Costing levels report Work in process (WIP) report Material list report Analysis report.
You want to use a template for activity and process assignment to your material cost estimate. What do you need to do? Use the costing sheet of the Costing 1 tab Use the template allocation function in a material cost estimate Assign a template to an operation in the routing of the material Assign a template directly to Costing 1 tab of the material master record.
True or False: Materials can be marked and released every week. True False.
What are features of a cost estimate created with unit costing? There are three correct answers. Allows costing early in product lifecycle Material number is required BOMs and routings can be used Estimate is created automatically Requires cost element.
True or False: The costing variant is client-level data. True False.
A cost estimate is made up of several costing items. What data is maintained in a costing item? There are three correct answers. Item category BOM item Cost element Price Validity date.
What are uses of a cost estimate? There are three correct answers. Cost origin Continuous improvement Activity prices Productivity Cost center valuation.
What is a feature of the valuation variant? Strategies are defined by costing item Strategies are defined at the BOM level Strategies must have at least two options.
In the costing variant date control, which date will trigger different prices? Costing to and from dates Quantity structure date Valuation date BOM validity date.
Material cost estimates with quantity structure try to find a valid BOM and routing. What are some data elements that trigger a BOM or routing? There are three correct answers. Valid status Valid lot size Valid dates Valid material items Valid control keys.
What is the benefit of the primary cost component structure? Divide the COGS into more detail Show COGM Provides an alternate primary cost view.
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