Understanding Product Cost Planning Configuration

Knowledge quiz

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

1.

Determining prices through planned price iteration is a requirement to create primary cost component splits.

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2.

A costing variant contains all the information required to execute a material cost estimate.

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3.

The process template can include multiple processes or even multiple process templates to allocate as many _________________ as appropriate.

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4.

The purpose of Activity-Based Costing is to accurately account for _______________ based on a specific cost driver.

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5.

Material costing with quantity structure can allocate cost parts that are not contained in the BOM or routing.

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6.

A business process is a process or an activity within a company that uses resources and activities from one or more cost centers.

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7.

Overhead costing allocates indirect costs to cost estimates by applying a percentage or quantity-based fixed amount to a specified cost base.

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8.

The quantity structure specifies the material costs that can be manually entered in a unit cost estimate.

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9.

Which of the following cost estimate options is used in the valuation of actual quantity structure with tax-based and commercial prices?

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10.

The valuation variant searches the various price sources listed for each strategy in the sequence in which they are entered in the strategy.

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