Question 1: 
When setting up a new actual cost finished good item, which of the following accounts should be set up if both material and labor data will be collected for the item? Choose the 2 that apply.

A. WIP - Material
B. Standard Cost Revaluation
C. WIP - Labor
D. Variance - Material

Answer: A, C

Question 2:
In MO Schedule Prefs you're setup to Apply Shrinkage to End Item Starting Quantity. Additionally end item X has shrinkage of 50% as setup in Item Resource Planning. If you enter a regular manufacturing order for a quantity of 10 units of item X, what will be your start quantity on a manufacturing order?

A. 10
B. 25
C. 15
D. 20

Answer: D

Question 3:
In which window is a default site defined?

A. Item Vendors Maintenance
B. Item Resource Planning
C. Item Quantities Maintenance
D. Item Engineering

Answer: C

Question 4:
Item A has a bill of material (BOM) structure set up with the components, BOM amounts, and standard costs as Item X, 2, $5.00 and Item Y, 4, $10.00. The current standard material cost for Item A is $50.00. If the cost for Item X is changed from $5.00 to $7.00 in the Standard Item Material Costs window, what is the new standard material cost for Item A, once a complete rollup and revalue is done? Item X is a bought item.

A. $50.00
B. $38.00
C. $57.00
D. $54.00

Answer: D

Question 5:
What is the purpose of the Revaluation Security Set field in the Costing Preference Defaults window?

A. Without this field entered, inventory cannot be revalued
B. To remove record locks in the Standard Cost Changes window
C. To make it less likely that inventory will be revalued accidentally
D. To remove record locks in the Roll Up and Revalue Inventory window

Answer: D

Question 6:
Which statement best describes Low Level Codes?

A. Number of Bill of Materials this item is located on
B. The lowest level at which an item resides in any bill of material
C. Number of sub-assemblies included on a finished good
D. Number of sites assigned to an item

Answer: B

Question 7:
To use the Sales Configurator, what type of bill of material must be set up for the finished good?

A. Engineering Bill Of Material
B. Super Bill Of Material
C. Configured Bill Of Material
D. Phantom Bill Of Material

Answer: B

Question 8:
The list of manufacturing orders suggested by MRP can be found in which of the following windows? Choose the 2 that apply.

A. MRP Inquiry
B. Edit MO Status
C. Purchase Request Resolution
D. MRP Pegging

Answer: B, D

Question 9:
Which window would you use to roll up costs when a new item has been created?

A. Roll up and Revalue Inventory
B. Standard Cost Changes
C. Item Engineering
D. Item Maintenance

Answer: B

Question 10
If an item can be used as a substitute for one of the components required to manufacture another item, what window is used to make this entry?

A. Item Engineering
B. Item Resource Planning
C. Item Maintenance Options
D. BOM Entry

Answer: D

	Web www.certsbraindumps.com