Identify two characteristics of an expense pool. (Choose two.)

• A. It is used only for analyzing gross margins on noninventory sales of services.
• B. You can define the name of your expense pool, but you cannot define more than one.
• C. It is a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.
• D. It helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto the balance sheet as inventory value.

When attempting to open costing periods, your customer is receiving the following error:
Error: You do not have the required permission. You can request that your help desk change your security settings.
What configuration needs to be done so your customer will be able to open the Cost Accounting period?

• A. Create Data Access on the Cost Accountant role for the correct cost organization.
• B. Create Data Access on the Accounts Payable role for the correct inventory organization.
• C. Create Data Access on the Accounts Payable role for the correct cost organization.
• D. Create Data Access on the Cost Accountant role for the correct inventory organization.

Your client only wants to cost inventory items and third party costs. Which two modules are they required to implement to ensure this functionality?

• A. Landed Cost Management
• B. Product Model
• C. Receipt Accounting
• D. Inventory Management
• E. Cost Accounting

You have an item with two work definitions. One work definition is production priority 1 and named Plan A.
Another work definition is production priority 2 and named Plan B.
In your cost planning scenario, you have specified the work definition selection criteria as name and then production priority, and you have defined the name as Plan B.
How will the application select the work definition?

• A. The cost planning scenario will use both work definitions for the item.
• B. The application will use the work definition that is named Plan B.
• C. While you can have more than one work definition for the same item, the cost scenario has no way to unambiguously select one of them.
• D. The application will generate an error because there are two work definitions for the same item.
• E. The scenario will choose the work definition that is production priority 1.

You have configured your expense items to accrue at receipt. You have created a few purchase orders and want to verify that the supplier invoices have been created.
Which accounting entries signal this process has taken place?

• A. Debit Expense, Credit Expense Accrual
• B. Debit Expense, Credit Receiving Inspection
• C. Debit Receiving Inspection, Credit Accrued Liability
• D. Debit Accrued Liability, Credit Accounts Payable
• E. Debit Charge Account (expense or inventory), Credit Receiving Inspection