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TFIN20_2 (Unit 3)
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Title of test:![]() TFIN20_2 (Unit 3) Description: Preparing for Product Cost Planning |




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When you create a cost estimate, it is always linked to a _______________, which contains all the information required to execute a material cost estimate. You define and check costing variants in Customizing for Product Cost Planning. True. False. In contrast to the above figure, the costing variant for Base Object Costing contains only the parameters for the ___________ and _____________. Update prices: You specify the prices that are updated in the material master with the results of the cost estimate. Example: The standard price in the material master can only be updated by a costing variant with the __________________. Except when updating in multiple valuation, you always use ______________. Date of update: Specifies the date on which the cost estimate is saved to the database. True. False. Cost portion for overhead. You specify the cost component view that should be the subject of overhead application (usually the cost of goods manufactured). True. False. Partner cost component split: Business unit that is part of the value-added chain. You can define a partner on a multi-dimensional basis from the following organizational units: The valuation variant determines the prices that are used to value component ___________________________________________________________. The _____________ searches the various price sources listed for each strategy. The price sources are searched in the sequence in which they are entered in the strategy. The price that is first located from the strategy is selected for the cost estimate. For purchased materials, assembly materials without a valid BOM and routing, or when creating cost estimates without quantity structure, the valuation variant selects a price from either the _______________ or ______________. For activity types and processes, the price is selected from either Cost Center Accounting or Activity-Based Costing. You enter the _______ version in the valuation variant that should be used in the costing. The strategy to value an externally processed activity can be either the price from the purchasing information record or the price from the operation in the routing. The routing is available only when costing with quantity structure. True. False. For subcontract materials, the prices are selected from ____________. In costing, date control can be used to create the quantity and value structures based on various dates. It specifies the following: For material costing with quantity structure:. For material costing without quantity structure:. The date control determines the dates that are proposed or displayed by the system for costing and if these dates can be changed. True. False. If you want to calculate variances in Cost Object Controlling based on the cost estimate, ensure that the cost estimate is valid in the periods for which variances should be calculated. Similarly, if you want to value scrap or work-in-process with the results of the standard cost estimate, ensure that the cost estimate is valid in the periods pertaining to the variances/work-in-process calculation. True. False. Quantity structure: You specify if the _____ should be passed on. This is necessary only for cost estimates with a quantity structure and in sales order costing. Additive costs: Material costs that you can manually enter in a ____________ and then add to an (automatic) cost estimate with quantity structure. Update: Specifies if saving is permitted for the __________________. If saving is permitted, the system always saves a cost component split. It is recommended that you also save the itemization and the error log. Without the itemization, you cannot display costed multi-level BOMs or itemization reports. Assignments: You can maintain the following settings and assignments of the costing variant: Cost component structure. Costing version. If the cost component split is activated in the controlling area currency. If you require cross-company costing. Costing Variant: Further Settings. Quantity structure. Additive costs. Update. Assignments. Other: Error management. Depending on the purpose of the cost estimate, you can create various results for the same material by making multiple costing variants with various settings for ____________________________________________________. Purpose of various cost estimates: Standard cost estimate: Valuation of the planned quantity structure with planned prices. Calculation of standard prices for the valuation of S-price materials. Modified standard cost estimate: Valuation of current quantity structure with planned prices. Costing of material during the fiscal year to analyze cost developments. Current cost estimate: Valuation of current quantity structure with current prices. Costing of materials during the fiscal year to analyze cost developments. Inventory cost estimate: Valuation of actual quantity structure with tax-based and commercial prices. Establishment of valuation approaches for inventory valuation. The purpose of a cost rollup is to ensure that the cost of goods manufactured (material and production costs) of all materials in a multi-level BOM are included in the cost estimate of the higher-level material. This is achieved by assigning the costs in a cost estimate to ___________. Cost components are established by grouping together cost elements. This provides transparency to the type of costs, such as material, activity types, or overhead that comprise a product. True. False. When a multi-level BOM is costed, the costs are ________. The cost components of the cost component split are passed up in the hierarchy to the cost estimate of the higher-level material. For each material, the cost component split provides information about. The value added of the material (upper level). The costs of the subordinate materials (lower level). A maximum of ____________ can be rolled up in a cost component split. A cost component can carry fixed and variable costs. True. False. Views of Material Cost Estimate Results. A cost component view consists of a combination of cost components based on various characteristics. It creates a filter in Information System reports so that only data assigned to the view is displayed. In the cost estimate header, you can display up to 5 views as the initial costing result. You assign these views in the Settings menu in the cost estimate header. In the cost estimate header, you can display up to 5 views as the initial costing result. You assign these views in the Settings menu in the _______________. Views are available for material costing results in the following forms: Cost components divide costing results in groups of material costs, machine costs, personnel costs, production costs, overhead, and external activities. True. False. Cost elements are assigned to cost components in the _________________. For each cost component, you determine the following: If the costs are rolled up (if they appear in higher-level assemblies). If costs are included in the standard price or inventory price of the material. The views of the cost estimate or information system in which the costs appear. The cost component group to which the cost component is assigned. If it is relevant to inventory and cost of goods manufactured. If it should contain a total amount or if there should be a fixed or variable split. A cost component structure is assigned to each ____________. You can also assign various cost component structures for each company code and plant. True. False. For standard cost estimates (__________), only one cost component structure is permitted for each company code. There are several requirements to create primary cost component splits, such as: You assigned a cost component structure in the CO version in cost center and process cost planning. You determined the prices through planned price iteration. You defined a cost component structure for the primary cost component split of Product Cost Planning. You defined a transfer structure for the transfer of cost components in cost centers and Activity-Based Costing to the cost components of the primary cost component split in Product Cost Planning. When you create a material cost estimate, you can decide if the system should create a cost component split only for the cost of goods manufactured, only a primary cost component split, or if both splits should be created simultaneously. You make this choice when you assign the _________________and enter the cost component structures for the main and auxiliary cost component splits. Overhead costing is one of the methods to ___________ to cost estimates. The rules to apply overhead are summarized in the _____________. Costing Sheet in Detail. Calculation base. Overhead. Credit. Costing variants are defined and checked in customizing for _________________. In costing, date control can be used to determine the quantity and ____________ based on various dates. When a multi-level BOM is costed, the costs are _______. What are the forms in which the views for material costing results are available?. Cost component split. Itemization. Costed multi-level BOM. None. For standard cost estimates, multiple cost component structures are permitted for each company code. True. False. Determining prices through planned price iteration is not a requirement to create primary cost component splits. True. False. To determine overhead, you use the ____________ that were posted to the order. Why is the cost element important for overhead allocation in product cost planning?. Material costing with quantity structure can allocate cost parts that are not contained in the BOM or routing. True. False. The standard system contains functions that assign ___________ to templates. |