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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

1. How is the standard cost of a manufactured configured item calculated?

A) It is based on the material and resource requirements of a released work order.
B) It is based on the actual cost of the work order after it is completed.
C) The standard cost of a model item is calculated.
D) The standard cost is calculated for every possible combination of options under a model

2. When attempting to open costing periods, your customer is receiving the following error:
Error: You do not have the required permission. You can request that your help desk change your security settings.
What configuration needs to be done so your customer will be able to open the Cost Accounting period?

A) Create Data Access on the Cost Accountant role for the correct inventory organization.
B) Create Data Access on the Cost Accountant role for the correct cost organization.
C) Create Data Access on the Accounts Payable role for the correct cost organization.
D) Create Data Access on the Accounts Payable role for the correct inventory organization.

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

A) Business Unit/Landed Cost Charge/Cost Organization
B) Item Category/Material Supplier/Landed Cost Charge
C) Inventory Organization/Landed Cost Charge/Third Party Supplier
D) Item Catalog/Inventory Organization/Business Unit
E) Item/Business Unit/Route

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

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

5. Your client only wants to cost inventory items and third party costs. Which two modules are they required to implement to ensure this functionality?

A) Landed Cost Management
B) Product Model
C) Inventory Management
D) Receipt Accounting
E) Cost Accounting

Solutions: