It's time to put what you've learned to the test, get 8 right to pass this unit.
1.
Variances can only be calculated on a cost object if you have stored a variance key in its master record.
Choose the correct answer.
2.
Which of the following functions investigates the causes of the order’s balance?
Choose the correct answer.
3.
Which of the following are necessary to perform mixed costing in product cost planning?
There are two correct answers.
4.
Which of the following statements is true about work in process (WIP)?
Choose the correct answer.
5.
Which of the following is a function of the product cost collector?
Choose the correct answer.
6.
Revaluating activity prices can be used to support the valuation strategy "Actual activity price of previous period".
Choose the correct answer.
7.
The costing sheet to calculate overhead cost is assigned to which of the following?
Choose the correct answer.
8.
Revaluating actual prices follows the allocation of process costs and overhead costs.
Choose the correct answer.
9.
In the settlement profile, which of the following settings are needed to enable variances to be settled to Profitability Analysis (CO-PA)?
There are two correct answers.
10.
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.