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1z0-1075-24 Reliable Exam Blueprint, 1z0-1075-24 Practice Test Engine
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1z0-1075-24 Reliable Exam Blueprint and Oracle 1z0-1075-24 Practice Test Engine: Oracle Manufacturing Cloud 2024 Implementation Professional Pass Success
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Oracle Manufacturing Cloud 2024 Implementation Professional Sample Questions (Q31-Q36):
NEW QUESTION # 31
During a Manufacturing Cloud implementation, a Production Supervisor wants to close the work orders for the previous month and make sure that they include the correct cost.
What must they do to achieve this?
- A. Include all costs and variances in last month's work orders and close them; however, the work orders where updates are expected must not be closed.
- B. Make sure that all costs are Included while closing last month's work orders; however, variances can be Included after closing the work orders.
- C. Update work order costs at any time; they can be updated regardless of the status of the work order
- D. Exclude cost variances while closing last month's work orders because those can be applied directly In Subledger Accounting.
Answer: A
Explanation:
To ensure that work orders for the previous month are closed with the correct costs, the Production Supervisor must:
Include all costs and variances in the work orders before closing them. This ensures that the work orders reflect the true cost of production, including any deviations from the expected costs. However, if there are work orders that are still in progress or expected to receive updates (such as material or labor transactions), those work orders should not be closed until all costs are finalized.
Incorrect options:
A: Excluding cost variances would result in inaccurate costing.
B: All costs, including variances, must be included before closing.
D: Costs cannot be updated after the work order is closed, so all updates must occur before closing the work order.
NEW QUESTION # 32
Which three are Cost accounting methods'
- A. Layer Cost, also known as "LIFO"
- B. Periodic Actual Cost
- C. Frozen Standard Cost
- D. Actual Cost, also known as "FIFO"
- E. Perpetual Average Cost
Answer: C,D,E
Explanation:
Oracle Manufacturing Cloud supports multiple cost accounting methods to help organizations track the cost of their goods and inventory effectively. Below is an explanation of the correct answers:
Statement A: Perpetual Average Cost - This is a commonly used method in Oracle Cloud where the system continuously updates the average cost of an item with each receipt or transaction. This method is useful for organizations that need to track the moving average cost of goods in real-time.
Reference:
Statement C: Frozen Standard Cost - This method involves predefining a standard cost for each item at the beginning of a financial period. The cost remains "frozen" throughout the period, and variances between the actual cost and the standard cost are tracked and analyzed separately.
Statement D: Actual Cost, also known as "FIFO" - The FIFO (First In, First Out) method records costs based on the order in which items are received. It is a type of actual costing where items are valued based on the specific costs of the earliest received inventory. Oracle Cloud supports FIFO as part of its actual costing methods.
Incorrect Statements:
Statement B: Layer Cost, also known as "LIFO" - Oracle Cloud does not natively support LIFO (Last In, First Out) as a cost method due to accounting and regulatory restrictions in various regions. LIFO is generally not used in the system as a standard method.
Statement E: Periodic Actual Cost - While there is a method called Periodic Average Cost, Periodic Actual Cost is not typically listed as a standard costing method in Oracle Cloud.
NEW QUESTION # 33
A manufacturing plant works in two shifts of eight hours each. A Manufacturing user wants four units of a work center resource, R1, to be available during nonworking time, outside the regular shift on a particular day.
Which is the correct sequence of steps to create a resource exception on the Manage Work Center Resource Calendar page?
- A. Click outside the existing shift time on a specific date > Go to the Create Work Center page > Click the Resource Availability tab > Click the Add icon > Select R1 from the Resource drop-
- B. Click outside the existing shift time on a specific date > Go to the Actions menu > Select Create Resource Exception > Populate the Start and Duration fields > Go to the Resource Availability and Overrides region > Populate 4 units in the Availability Override column.
- C. Click inside the existing shift time on a specific date > Go to the Actions menu > Select Create Resource Exception > Populate the Start and Duration Fields > Go to the Resource Availability region > Populate A units in the Default Availability column.
- D. Click Inside the existing shift time on a specific date > Go to the Create Work Center page > Click the Resource Availability tab > Click the Add icon > Select R1 from the Resource dropdown list > Enter 4 in Default Units Available.
Answer: B
Explanation:
In Oracle Manufacturing Cloud, to make a resource (R1) available outside the regular shift for a specific day, you need to create a resource exception. This allows you to override the default shift schedule and make additional units of the resource available.
Click outside the existing shift time ensures that the exception applies to non-working hours.
Select Create Resource Exception from the Actions menu to initiate the exception.
Populate the Start and Duration fields to define the non-working period during which the resource will be available.
Enter 4 units in the Availability Override column to ensure that 4 units of resource R1 are made available for use during the exception period.
NEW QUESTION # 34
Which statement is NOT true about cumulative lead time?
- A. It calculates cumulative manufacturing lead times by rolling up manufacturing lead times of make Items.
- B. It updates lead time percent at the operation level in the work definition.
- C. It updates the item's lead time attributes at the end of the calculation process: cumulative manufacturing and cumulative total lead times.
- D. It calculates cumulative total lead times by rolling up lead times of make items and adding up lead time values of buy items.
Answer: B
Explanation:
Cumulative lead time is a key concept in Oracle Manufacturing Cloud, where it calculates the total time required to manufacture an item. The following points clarify the calculations:
Statement D is incorrect because cumulative lead time does not update the lead time percent at the operation level in the work definition. Instead, cumulative lead time focuses on rolling up the lead times of both make and buy items to provide an overall lead time for the entire production process.
Correct Statements:
Statement A: The system calculates cumulative manufacturing lead time by summing up the lead times of all make items in the production process.
Statement B: At the end of the cumulative lead time calculation process, it updates the lead time attributes of the item, specifically cumulative manufacturing and cumulative total lead times.
Statement C: Cumulative total lead time includes both make and buy item lead times, representing the complete production cycle from procurement to manufacturing.
NEW QUESTION # 35
A Plant Manager bought several machines for their ABC manufacturing plant. The plant is set up with a separate cost element set, ABC, in Manufacturing Cloud.
How must the Plant Manager configure these machines so that they are costed to the work order for which operations are performed on them?
- A. Set up the machines with a cost element type of "Overhead" by selecting Cost Element Set ABC.
- B. Set up the machines with a cost element type of "Resource" by selecting Cost Element Set ABC.
- C. Set up the machines with a cost element type of "Resource" by selecting Cost Element Set Common.
- D. Set up the machines with a cost element type of "Overhead" by selecting Cost Element Set Common.
Answer: B
Explanation:
When configuring machines that will be used in production operations and will incur costs associated with work orders, the correct setup for these machines involves:
Setting up the machines as a "Resource" in the cost element set ABC: This allows the machines to be directly associated with the work orders for which they are used, ensuring that their costs are appropriately tracked and charged to the work order. Resources include equipment, labor, and other direct costs involved in production.
Incorrect options:
"Overhead" (B, D): Overhead costs typically represent indirect costs, not the direct usage of machines in production.
Cost Element Set Common (A): Since the plant uses a separate cost element set (ABC), the machines must be assigned to this specific set, not the Common cost element set.
NEW QUESTION # 36
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