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Oracle Manufacturing Cloud 2024 Implementation Professional Sample Questions (Q33-Q38):

NEW QUESTION # 33
Which three are Cost accounting methods'

A. Periodic Actual Cost
B. Frozen Standard Cost
C. Layer Cost, also known as "LIFO"
D. Actual Cost, also known as "FIFO"
E. Perpetual Average Cost

Answer: B,D,E

Explanation:
Oracle Manufacturing Cloud supports multiple cost accounting methods to help organizations track the cost of their goods and inventory effectively. Below is an explanation of the correct answers:
Statement A: Perpetual Average Cost - This is a commonly used method in Oracle Cloud where the system continuously updates the average cost of an item with each receipt or transaction. This method is useful for organizations that need to track the moving average cost of goods in real-time.
Reference:
Statement C: Frozen Standard Cost - This method involves predefining a standard cost for each item at the beginning of a financial period. The cost remains "frozen" throughout the period, and variances between the actual cost and the standard cost are tracked and analyzed separately.
Statement D: Actual Cost, also known as "FIFO" - The FIFO (First In, First Out) method records costs based on the order in which items are received. It is a type of actual costing where items are valued based on the specific costs of the earliest received inventory. Oracle Cloud supports FIFO as part of its actual costing methods.
Incorrect Statements:
Statement B: Layer Cost, also known as "LIFO" - Oracle Cloud does not natively support LIFO (Last In, First Out) as a cost method due to accounting and regulatory restrictions in various regions. LIFO is generally not used in the system as a standard method.
Statement E: Periodic Actual Cost - While there is a method called Periodic Average Cost, Periodic Actual Cost is not typically listed as a standard costing method in Oracle Cloud.

NEW QUESTION # 34
During a Manufacturing Cloud implementation, a Production Supervisor wants to close the work orders for the previous month and make sure that they include the correct cost.
What must they do to achieve this?

A. Include all costs and variances in last month's work orders and close them; however, the work orders where updates are expected must not be closed.
B. Exclude cost variances while closing last month's work orders because those can be applied directly In Subledger Accounting.
C. Update work order costs at any time; they can be updated regardless of the status of the work order
D. Make sure that all costs are Included while closing last month's work orders; however, variances can be Included after closing the work orders.

Answer: A

Explanation:
To ensure that work orders for the previous month are closed with the correct costs, the Production Supervisor must:
Include all costs and variances in the work orders before closing them. This ensures that the work orders reflect the true cost of production, including any deviations from the expected costs. However, if there are work orders that are still in progress or expected to receive updates (such as material or labor transactions), those work orders should not be closed until all costs are finalized.
Incorrect options:
A: Excluding cost variances would result in inaccurate costing.
B: All costs, including variances, must be included before closing.
D: Costs cannot be updated after the work order is closed, so all updates must occur before closing the work order.

NEW QUESTION # 35
Your client has asked you to implement the functionality to ensure that the system checks for Qualified Operators when reporting labor usage.
Which statement is NOT true?

A. Quick Complete is allowed for operations that contain resources with associated job profiles.
B. Validation of operator qualification is also enforced when reporting operation is completed through the dispatch list.
C. Qualified labor must be reported at the resource train stop.
D. You will need to report a qualified operator to manually report resource transactions, if the resource has a job profile associated with It.

Answer: A

Explanation:
When implementing the functionality for checking Qualified Operators during labor usage reporting in Oracle Manufacturing Cloud, it is important to enforce validation for operator qualifications. The following explains why statement C is not true:
Quick Complete is not allowed for operations that have resources with associated job profiles. This is because operations with specific job profile requirements must go through a more detailed validation process to ensure that the assigned operator has the necessary qualifications before the operation can be completed. Quick Complete bypasses detailed validations, making it unsuitable for operations with strict qualification checks.
Correct statements:
Statement A: Operator qualification is enforced when reporting operation completion through the dispatch list to ensure compliance.
Statement B: A qualified operator is required to manually report resource transactions when the resource has an associated job profile.
Statement D: Labor for qualified operators must be reported at the resource train stop to ensure the resource's qualifications are properly validated before continuing with the operation.

NEW QUESTION # 36
Which statement is NOT true about using a Quick Complete action for an operation transaction?

A. You can use It to transact one or more serial numbers.
B. It is used on serial tracked operations and non-serial tracked operations with or without inspections.
C. You can use it for simultaneous reporting of one or more transactions.
D. You can use it to collect Inspection results.
E. You can use it to transact only one serial number at a time.

Answer: E

Explanation:
The Quick Complete action allows for fast, simplified transaction processing for work orders and operations. The statement that is not true is:
Statement E is incorrect because Quick Complete can be used to transact multiple serial numbers at a time, not just one. This feature is designed to handle both serial-tracked and non-serial-tracked operations efficiently.
Correct statements:
Statement A: Quick Complete supports simultaneous reporting of multiple transactions, allowing for streamlined processing.
Statement B: It can be used for both serial-tracked and non-serial-tracked operations, whether or not inspections are involved.
Statement C: Multiple serial numbers can be transacted at once using this feature.
Statement D: While Quick Complete can handle inspection-related transactions, it is not specifically for collecting inspection results.

NEW QUESTION # 37
A Production Operator needs to review the materials issued, resources charged, and operations performed for a job that was executed in the previous shift.
Which task should the operator select to review all the transactions in a single place for both work order and orderless execution?

A. Review Production Transaction History
B. Review Dispatch List
C. Manage Work Orders
D. Report Resource, Material, and Operation Transactions

Answer: A

Explanation:
To review all the transactions associated with a job, including materials issued, resources charged, and operations performed, the Production Operator should select Review Production Transaction History. This task provides a comprehensive overview of all transaction types, whether for work order or orderless execution, in a single place.
Review Production Transaction History offers a detailed record of all activities performed during a work order or orderless transaction, making it easy for operators to audit and review the work executed in previous shifts.
Incorrect options:
Report Resource, Material, and Operation Transactions (A) is used for recording transactions, not for reviewing historical data.
Manage Work Orders (B) and Review Dispatch List (D) provide more general management and operational details, but not the comprehensive transactional history.

NEW QUESTION # 38
......

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