Controlling Product Cost by Sales Order for Period-End Closing

1.

Which of the following methods can you use to define a strategy for flexibly assigning costing keys?

There are two correct answers.

Table lookup

Target fields

Individual table

User-defined assignment tables

2.

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.

Choose the correct answer.

Define posting rules in Customizing

Define assignment for results analysis in Customizing

Define updates for results analysis

3.

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.

Choose the correct answer.

True

False

4.

___________ 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.

Choose the correct answer.

Template allocation

Activity allocation

5.

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?

Choose the correct answer.

Profitability Segment

Financial Accounting

Profit Center Accounting

6.

Results analysis saves the data for the sales order item under __________ cost elements, which you assign in Customizing.

Choose the correct answer.

Secondary

Primary

7.

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 ______________________.

Choose the correct answer.

Make-To-Stock (MTS) production

Make-To-Order (MTO)

Engineer-To-Order (ETO)

8.

Product order variances result from which of the following?

There are two correct answers.

Too many or too few costs debited

Too many or too few costs credited

Too many or too few costs allocated

9.

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.

Choose the correct answer.

True

False

Knowledge quiz

Which of the following methods can you use to define a strategy for flexibly assigning costing keys?

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.

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.

___________ 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.

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?

Results analysis saves the data for the sales order item under __________ cost elements, which you assign in Customizing.

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 ______________________.

Product order variances result from which of the following?

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.