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.

The subcontractor receives material parts and manufactures the complete material.

Choose the correct answer.
2.

You create a BOM for each product characteristic.

Choose the correct answer.
3.

The special procurement key entered in the material master record in the MRP view has a higher priority than the key entered in the costing view.

Choose the correct answer.
4.

Which of the following is a disadvantage of the moving average price procedure?

Choose the correct answer.
5.

If no special procurement is planned for a material and there is no valid bill of material, the system creates a raw material cost estimate.

Choose the correct answer.
6.

It is difficult to create variants for products that have many characteristics affecting their composition.

Choose the correct answer.
7.

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

Choose the correct answer.
8.

The purchase order specifies which components of the assembly need to be sent to the vendor.

Choose the correct answer.
9.

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

Choose the correct answer.
10.

The purpose of group costing is to eliminate all real and assumed profits in the value-added chain.

Choose the correct answer.