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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

1. Which four steps need to be completed to establish standard costs for a make item?

A) Run preprocessor
B) Add standard costs to a cost scenario
C) Create a new cost scenario
D) Publish costs
E) Complete cost roll-up
F) Export item costs

2. Identify three characteristics of cost component to cost element mapping.

A) It is one of the attributes you define as part of your cost profile definitions.
B) It is user-defined.
C) You cannot modify, duplicate, or create user-defined cost components.
D) You can only define one cost component to cost element mapping for an installation.
E) It lets you define how cost component level costs will map into cost elements.

3. Your client originally used Quick Setup to configure Cost Accounting However, after reviewing their costing policies, they realize that they want to cost some of their lots differently then others What must they do to accomplish this?

A) Quick Setup generates one valuation unit so they can access this to make changes and manually create new valuation units.
B) They cannot change their current configuration; data generated by Quick Setup cannot be changed.
C) Quick Setup generates valuation units so they just have to access those valuation units and make their changes.
D) They must create their valuation units manually.

4. Which two steps need to be completed to estimate landed costs?

A) Update standard costs.
B) Allocate charges
C) Prepare the Material Purchase Order Data process.
D) Transfer transactions from the Payables to the Costing process.
E) Transfer transactions from the Inventory to the Costing process.

5. Which two types of costs are included in the cost of contract manufactured items?

A) The cost of items that the original equipment manufacturer (OEM) owns and has provided to the contract manufacturer for use in the process of making the output Items
B) The cost of resources consumed at the OEM's factory
C) Manufacturer will charge to make the outputs and would normally be enough to cover their costs and include a fair profit.
D) The cost of the contract manufacturing service Item. This is the price that the contract
E) The cost of Items that the contract manufacturer had to purchase to perform the contract manufacturing service, and the cost of resources used by the contract manufacturer

Solutions: