Knowledge quiz

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

What does the overhead group do?

Choose the correct answer.

Groups materials manufactured for the same type of overhead application.

Determines the default values for material cost estimate generation.

Controls account determination.

Determines the consumption account.

How many standard values and activities can be defined in a standard value key?

Choose the correct answer.

Up to three.

Up to four.

Up to five.

Up to six.

What does the Bill of Materials (BOM) directory contain?

Choose the correct answer.

Materials and their constituent parts.

Finished products only.

Raw materials only.

Assembly instructions.

Which of the following material master views are relevant to costing?

There are three correct answers.

Accounting

Costing

Plant Stock

MRP

Forecasting Correct

What is the main difference between moving average price (V) and standard price (S) valuation strategies?

Choose the correct answer.

Moving average price represents planned values, while standard price represents actual prices.

Moving average price represents actual prices, while standard price represents planned values.

Moving average price is based on the total inventory value, while standard price is based on the total quantity of material in stock.

Moving average price remains constant for at least one period, while standard price is calculated after each receipt.

What is the purpose of production versions?

Choose the correct answer.

To determine the duration of production activities.

To calculate the quantities used for costing.

To define a unique combination of routing, BOM, and lot size.

To assign work centers to cost centers.

What is the purpose of the material master in SAP S/4HANA?

Choose the correct answer.

It contains information on materials a company procures, produces, stores, and sells.

It is used to track employee information in the company.

It is a component used for financial accounting and valuation of materials.

It is used to manage customer information and sales data.

What does the performance efficiency rate represent?

Choose the correct answer.

The relationship between the predefined target time and the actual time.

The standard time for piecework wages.

The execution time and capacity requirements.

The production costs and cost rates.

What are the three essential elements of each operation in the production process?

Choose the correct answer.

Work Center, Assigned Activity, Planned Duration.

Material, Labor, Cost.

Setup, Processing, Control.

Master Recipe, Resources, Validity Period.