Manage Inventory Pricing and Costing MB-330 Practice Questions (Page 1)

Questions 1–5

1. 1foundation · easy

   Which trade agreement type is used to set sales prices for a customer?

   • APurchase price (Vendor)
   • BSales price (Vendor)
   • CSales price (Customer)
   • DMultiline discount (Customer)
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2. 2foundation · easy

   A cost accountant needs to update standard costs for the upcoming fiscal year. Which action should be performed on the costing version to make the updated costs effective?

   • AActivate the costing version
   • BCopy the costing version
   • CDelete the costing version
   • DClose the costing version
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4. 3expert · medium

   A cost accountant needs to update standard costs for a group of items. The company requires that cost changes be approved by the finance manager before they become active. The accountant has entered the pending costs in a costing version. What is the correct sequence of actions to ensure the costs are approved and then activated?

   • AActivate the costing version immediately and then have the finance manager review the active costs.
   • BRun the 'Activate costs' process first and then activate the costing version.
   • CHave the finance manager review the pending costs, then activate the costing version and run the 'Activate costs' process.
   • DDelete the pending costs and re-enter them after approval.
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5. 4expert · medium

   A manufacturing company uses standard costing. The cost accountant needs to update standard costs for the next fiscal year. The company has a policy that cost changes must be traceable and that the previous year's costs must remain available for reporting. The accountant has created a new costing version and entered pending costs. What additional step is required to ensure the new costs are used in inventory transactions?

   • AChange the item's costing method to 'Standard cost' for each item.
   • BSet the new costing version as the default in the inventory model group.
   • CDelete the old costing version to avoid conflicts.
   • DActivate the new costing version and run the 'Activate costs' process.
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6. 5application · medium

   Contoso Ltd. is transitioning to standard costing for a new product line. The cost accountant has created a costing version for planned costs and entered pending cost records for all items. The purchasing manager wants to see the impact of a 5% raw material price increase before it becomes active. What should the cost accountant do to review the impact without affecting current inventory valuations?

   • AActivate the costing version so the pending costs become active immediately.
   • BModify the item's default cost price directly on the Released product details page.
   • CUse the Costing version setup to block the existing version and then re-open it after the review.
   • DCreate a second costing version for planned costs, enter the increased costs, and run a simulation report.
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