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Oracle Oracle Cloud 1Z0-1074-26

1Z0-1074-26

Exam Code: 1Z0-1074-26

Exam Name: Oracle Cost Management Cloud 2026 Implementation Professional

Updated: Jun 26, 2026

Q & A: 82 Questions and Answers

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Oracle Cost Management Cloud 2026 Implementation Professional Sample Questions:

1. You are explaining the characteristics of a "profit in inventory" cost element to a client. Which three statements describe true characteristics of this cost element?

A) It can help you with consolidated financial reporting.
B) It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in different business units.
C) It is only used when you do not need to maintain an arm's length relationship.
D) It can help you understand true margins and value added by internal business units through the internal supply chain.
E) It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in the same business unit.


2. 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) Receipt costs; costs include adjustments.
B) Requisition costs; validated costs can be used.
C) Purchase order costs; item catalog costs can be used.
D) Receivables invoices; actual cost can be used.
E) Payables invoices; invoice price variance can be added to item cost.


3. If the accounting method on the Subledger Accounting method page has an assigned chart of accounts (COA), which two types of Journal entry rule sets can be used?

A) Rule sets assigned to a secondary ledger with a different COA
B) Rule sets not associated with any chart of accounts
C) Rule sets where the accounting rules override the method rule set
D) Rule sets that have a mapping set to convert the accounts
E) Rule sets that use the same chart of accounts


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

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


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

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


Solutions:

Question # 1
Answer: A,B,D
Question # 2
Answer: E
Question # 3
Answer: B,E
Question # 4
Answer: A
Question # 5
Answer: B

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