Describing Additional Valuation Methods

Knowledge quiz

It's time to put what you've learned to the test, get 8 right to pass this unit.

1.

It is always beneficial to combine operation scrap with assembly scrap.

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2.

In a multilevel production structure, variances can occur for various objects at various levels of the production process.

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3.

The subcontractor receives material parts and manufactures the complete material.

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4.

You can use an apportionment structure to calculate the cost of goods manufactured for each co-product.

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5.

In Customizing for the costing variant, you can assign a separate overhead costing sheet for the raw material cost estimate.

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6.

Which of the following statements are true?

There are three correct answers.
7.

Phantom assemblies are assembled in their header material.

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8.

When an operation is processed externally, the data relevant to costing is maintained directly in the subcontracting.

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9.

Component scrap is used in MRP to determine the input quantities of components.

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10.

It is possible to have the system update the assembly scrap field in the material master based on scrap that is reported through confirmations.

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