Tfin20-2 Product Cost Controlling Questions

TFIN20-2 Product Cost Controlling

Unit 1 - Introduction to Product Cost Planning

1. In the SAP ERP, materials are valuated with a price that can be set by a _______________ estimate.

Answer: Standard Cost

2. The purpose of Reference and Simulation Costing is to allow initial planning and cost projections for a new product for which there is no ______________ in the SAP ERP.Answer: Master Data

3. When a cost estimate with quantity structure is created, the system uses master data from Logistics.
a. True
b. False

Answer: True.
When a cost estimate with wuantity structure is created, the system uses master data from Logistics, such as BOMs and Routings.

4. What are the characteristics of tangible goods in relation to product cost planning?A. Materials can be produced in-house, sub-contracted, or procured externally.
B. Product cost estimates cannot be used for comparison purposes in cost object controlling.
C. Data for these materials is located in the logistics components PP, PP-PI, and MM.
D. Data cannot be accessed when materials are costed.
E. Product cost estimates are used for inventoryvaluation.

Answer: A, C and E.
For tangible goods, materials can be produced in-house, subcontracted or procured externally. Data for these materials is located in the logistics components PP, PP-PI and MM. Product cost estimates are used for inventory valuation. Data can be accessed when materials are costed. Product cost estimates can be used for comparison purposes in cost object controlling.Unit 2 – Material Cost Estimate without Quantity Structure.

1. An inventory cost estimate can use tax-based and commercial prices for valuation and then update costing results for finished and semi-finished products in these fields.
a. True
b. False

Answer: True.
Tax-based and commercial prices are entered for purchased parts in inventory costing to determine values such as thelowest value.

2. In the valuation class, the consumption account is determined, which also appears as the primary cost element in the itemization.
a. True
b. False

Answer: True.
The valuation class controls account determination.

3. Name the views relevant to costing.
____________________________________________________________________________________________________________________________________

Answer: The Accounting, Costing and MRP views are relevant to costing.

4. What is the role of origin group and overhead group.
__________________________________________________________________
__________________________________________________________________

Answer: Origin group is a subgroup of a cost element. If an origin group is entered for a material,the combination of origin group and cost element is updated in the CO system.
Overhead group is the key that groups materials manufactured for the same type of overhead application, based on the product.

5. Costing structure enables you to quickly edit in a complex hierarchy and provides a fast overview.
a. True
b. False

Answer: True.
The system can simultaneously display andprocess a costed multi-level BOM, multiple material cost estimates (with and without quantity structure), and base planning objects in the costing structure.

6. You can drag and drop substructures and individual costing items from the worklist to the cost estimate in the costing structure.
a. True
b. False

Answer: True.
The worklist is designed so that frequently-used structures andresources are available to the cost planner.

7. For base planning objects and material cost estimates without quantity structure the _____________ list screen is displayed.

Answer: unit cost estimate

8. If you drag and drop a different material cost estimate from the worklist, the system prompts you to specify if you want to insert the ________________ or make a copy.

Answer:...