Which statement is true regarding the cost cutoff date in Cost Accounting?

• A. Transactions with a transaction date after the cost cutoff date will not be processed. These transactions will never be processed in any subsequent cost processor run.
• B. Transactions with a transaction date after the cost cutoff date will not be processed until the cost cutoff date is changed to a date that is later than the transaction date.
• C. It only affects whether or not you can process a cost adjustment.
• D. Transactions with a transaction date before the cost cutoff date will not be processed until the cost cutoff date is changed to a date that is before the transaction date.

Identify the four types of cost adjustments.

• A. A standard cost update will create an inventory value adjustment.
• B. A retroactive purchase order price adjustment can cause an adjustment to the inventory value and the cost of goods sold.
• C. Authorized users can manually create cost adjustments.
• D. When a supplier invoice is processed in accounts payable, it can cause an adjustment to the inventory value and the cost of goods sold if the amounts processed for payment are different from the estimated amount on the purchaseorder.
• E. A revenue recognition event, which in turn triggers a cost of goods sold recognition event, can cause a cost adjustment.
• F. A change to a requisition after the purchase order has been created will create a cost adjustment.

Identify four features provided by the Review Work Order Costs UI when displaying work order

• A. Scrap Costs
• B. Output Costs
• C. Input Costs
• D. Incremental Costs
• E. Standard Cost variances
• F. Variable Costs

After all relevant transactions are in Receipt Accounting, which two tasks must be completed for these transactions to be transferred to the General Ledger?

• A. Transfer transactions from payables.
• B. Assign accruals to purchase order transactions.
• C. Create distributions.
• D. Transfer transactions from receiving.
• E. Transfer to Sub ledger Accounting.

Identify two characteristics of an expense pool. (Choose two.)

• A. It helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto the balance sheet as inventory value.
• B. You can define the name of your expense pool, but you cannot define more than one.
• C. It is used only for analyzing gross margins on noninventory sales of services.
• D. It is a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.