Free Oracle 1z1-987 Practice Test & Real Exam Questions

Exam Code/Number: 1z1-987
Exam Name/Title: Oracle Cost Management Cloud 2017 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Cost Management Cloud

Exam Questions: 70
Updated On: Sep 03, 2026

Question #8

Your client is using Quick Setup to implement Costing. They have a requirement to track costs for manufacturing overhead. How can you make sure that this requirement is met?

A. This requirement will already be met by the default data generated when using Quick Setup.

B. Complete Quick Setup and then create the user-defined cost using the Manage Cost Component task.

C. You can only track costs for Direct Labor and Direct Equipment; this requirement cannot be met.

D. Create the cost in Manage Cost Scenarios.

Discussion 0

Correct Answer: C Vote an answer

Question #9

You need to simulate and estimate landed cost charges associated with purchase order receipts of material.
What must you create to make this possible?

A. Routes

B. Orders

C. Trade Operation

D. Cost Scenario

E. Charge Name

Discussion 0

Correct Answer: B Vote an answer

Question #10

Which two outcomes can happen in create accounting when an account combination returned is end dated?

A. The preprocessor will pre-warn about this error.

B. Suspense accounts cannot be used.

C. An alternate account will be used if provided.

D. An error will always occur.

E. The original account is stored on the journal line.

Discussion 0

Correct Answer: C,E Vote an answer

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Question #11

Landed Cost Variance Analysis can be performed based on which three dimension combinations?

A. Item/Business Unit/Route

B. Item Catalog/Inventory Organization/Business Unit

C. Inventory Organization/Landed Cost Charge/Third Party Supplier

D. Item Category/Material Supplier/Landed Cost Charge

E. Business Unit/Landed Cost Charge/Cost Organization

Discussion 0

Correct Answer: B Vote an answer

Question #12

Identify two criteria to select a specific work definition in an inventory organization when defining a cost estimation in a Cost Planning scenario

A. Work definitions with the highest costing priority

B. Work definitions without alternates

C. Work definitions with specific unit numbers

D. Work definitions with the highest production priority

E. Work definitions with the lowest production cost

Discussion 0

Correct Answer: C,E Vote an answer

Question #13

If the accounting method does not have an assigned chart of accounts (COA), which option is valid?

A. Accounting rules cannot override the accounting method.

B. Any secondary ledger that uses the method cannot have a COA.

C. The accounting method must have a mapping set to convert the accounts.

D. The accounting method may only be used by ledgers without a COA.

E. The accounting method can be assigned to any ledger.

Discussion 0

Correct Answer: D Vote an answer

Question #14

When running the Transfer Costs to Cost Management process, where will the primary default source for costs come from and what is the effect?

A. Purchase order costs; item catalog costs can be used.

B. Payables invoices; invoice price variance can be added to item cost.

C. Receipt costs; costs include adjustments.

D. Requisition costs; validated costs can be used.

E. Receivables invoices; actual cost can be used.

Discussion 0

Correct Answer: E Vote an answer

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