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MB7-255 - Navision 4.0 Costing - Dump Information
Vendor | : | Microsoft |
Exam Code | : | MB7-255 |
Exam Name | : | Navision 4.0 Costing |
Questions and Answers | : | 153 Q & A |
Updated On | : | October 25, 2017 |
PDF Download Mirror | : | MB7-255 Brain Dump |
Get Full Version | : | Pass4sure MB7-255 Full Version |
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QUESTION: 145
What
is the material cost for a purchased component with the following
specifications? Quantity required: 100 Scrap percentage: 20 Direct
standard cost 1 LCY
- 102
- 200
- 110
- 120
Answer: D
QUESTION: 146
When
running the Suggest Item Cost function for the Standard Cost Worksheet,
how do you show that there is no change of cost in the Adjustment
Factor fields?
- 0
- 1
- Leave blank
- Enter a-
Answer: B
QUESTION: 147
What
is the capacity cost for an item with the following specilications? Set
up time: 1 hours Run time: 2 hours Unit cost of operation: 10 LCY Lot
size: 10
- 21
- 12
- 120
- 210
QUESTION: 148
Which of the following are true statements with regards to WIP inventory?
- A purchased component becomes part of the WIP inventory from the time of posting a purchase as invoiced
- A purchased/subassembled component remains part of the WIP inventory until the time of posting its consumption in connection with a production order
- A purchased/subassembled component remains part of the WIP inventory until the time of posting its consumption in connection with a purchase order
- A purchased component becomes part of the WIP inventory from the time of posting a purchase as received
Answer: A, B
QUESTION: 149
When is a production order marked as Completely Invoiced?
- Invoicing takes place when the production order status is changed to Finished
- Invoicing takes place when the Adjust Cost - Item Entries batch job is run after the production order status has been changed to Finished
- Invoicing takes place when the production order status is changed to Complete
- Invoicing takes place when the Adjust Cost - Item Entries batch job is run after the production order status has been changed to Complete
Answer: B
QUESTION: 150
What is the formula for calculating inventorty value?
- Beginning WIP inventory + manufacturing cost - cost of goods sold
- Beginning balance of inventory + manufacturing cost - cost of goods sold
- Beginning WIP inventory + value of all increases - value of all decreases
- Beginning balance of inventory + value of all increases - value of all decreases
Answer: D
QUESTION: 151
What ways can you fill the revaluation journal with information about the current value of a specified item
- Enter a journal line manually
- Use the Adjust Cost - Item Entry batch job
- Use the e Post Inventory to G/L batch job
- Use the Calculate Inventory Value batch job
Answer: A, D
QUESTION: 152
What costing method represents an assumption that individual units of items can be physically identified?
- FILO
- LIFO
- Standard
- Specific
Answer: D
QUESTION: 153
Costs associated with manufacturing labor and capacity are always capitalized on the basis of what costs?
- Actual
- Acquisition
- Standard
- Material
Answer: C
Microsoft MB7-255 Exam (Navision 4.0 Costing) Detailed Information
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santuco
This mean that i should have the Financial Exam for 2009 ( MB7-839) and forget about the 5.0 exam that i passed ( MB7-515 )
No, this still counts for certification...
santuco
I already scheduled for monday Trade and Inventory 5.0 ( MB7-638 ). Should i give up...
Again no - you can pass it and it WILL count....
As some of the required exams currently are available only for v2009 (v4 expired, for v5 never have been released), THESE are the ones you have no other way than passing v2009 - Service Management, for example.In that manner you CAN collect a mix of passed v5 and v2009 exams, giving you the "MCP Applications" certification.
BUT - if you are looking towards gaining this certification, it makes sense to do it for the latest Navision version - and you do not need to start preparing from ground up, as v2009 exams differ from v5 only in the part of what is new in v2009.
Some application areas had no or minimal additionschanges over different versions, I think that is the reason why some exams haven't ever had a special, say, v5 version, only v4 and then v2009, leaving v5 out in this chain. Now MS has "expired" these v4 ones to enforce us to pass newer exams... But MS "is the boss" and we can't do anything there
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2 Question: 1 An item
has two purchase entries, 020404 and 030604. Each purchase was for 10
items with a direct cost of 50 LCY and 60 LCY, respectively. What would
the direct cost be if a transfer occurred on 030504, using the average
costing method? A - 55 B - 60 C - 50 D - 45 Answer: C Question: 2 What
is the generic formula for calculating the total acquisition cost of an
item? A - Purchase costs (+ discounts) + additional acquisition costs +
indirect costsiscounts) additional acquisition costs + indirect B -
Purchase costs (- discounts) + additional acquisition costs - indirect
costsiscounts) + additional acquisition costs indirect co C - Purchase
costs (+ discounts) + additional acquisition costs + direct
costsiscounts) + additional acquisition costs + direct co D - Purchase
costs (- discounts) + additional acquisition costs + indirect
costsiscounts) additional acquisition costs + indirect c Answer: D
Question: 3 Which of the following costing methods are supported by
Microsoft Navision?costing methods are supported by Microsoft Navisi A -
Standard B - Specific C - Average D - FILO Answer: A, B, C Question: 4
What is the calculation for finding the value of ending inventory? A -
Beginning inventory + net purchases - manufacturing cost B - Beginning
inventory + net purchases - cost of goods sold C - Beginning inventory +
value of all increases - value of all decreases D - Beginning inventory
+ manufacturing cost - cost of goods sold Answer: B Question: 5 How
does Microsoft Navision treat customer and vendor returns? A - Both are
considered an increase in inventory B - They are a decrease and
increase, respectively to inventory C - Both are considered a decrease
to inventory D - They are an increase and decrease, respectively, to
inventory Answer: D Question: 6 How does Microsoft Navision allow for
the creation of lines for the items for which you want alow for the
creation of lines for the physical count in the Phys. Inventory
Journal?entory Journal?
3 A - The Calculate
Accounting Period function B - Manually C - The Calculate Physical
Inventory function D - The Calculate Inventory function Answer: B, D
Question: 7 How are the expected inventory costs posted to the GL for a
receipt that is posted as invoiced? A - Credited to the Inventory
(Interim) account B - Debited to the Inventory account C - Credited to
the Direct Cost Applied account D - Debited to the Inventory Accrual
(Interim) account Answer: A, D Question: 8 According to the Physical
Inventory Journal, you are supposed to have 1250 units of item A.
Aftercal Inventory Journal, you are supposed to have 12 completing a
physical inventory count, you discover that you are 1 09 units short.
How do younventory count, you discover that you are 09 unit input this
difference into Microsoft Navision? Microsoft Navision? A - On the
Physical InventoryJournal, enter-109 in the Quantityfield and
postentoryJournal, enter-109 in the Quantityfield and p B - On the
Physical InventoryJournal, enter-109 in the Qty (Physical) field and
postentoryJournal, enter-109 in the Qty (Physical) field C - On the
Physical Inventory Journal, enter 1141 in the Quantity field and
postentory Journal, enter 1141 in the Quantity field and D - On the
Physical Inventory Journal, enter 1141 in the Qty (Physical) field and
postentory Journal, enter 1141 in the Qty (Physical) fiel Answer: D
Question: 9 What is the posting date for the rounding value entry for an
item using the standard costing for the rounding value entry for an
item using the method and the following information? information? A -
050504 B - 050704 C - 050804 D - 051504 Answer: A Question: 10 How does
Microsoft Navision handle posting cost adjustments after the accounting
period if the occurred cost has been closed? A - The original accounting
period for the occurred is reopened and the cost adjustments areiod for
the occurred is reopened an made
4 B - The cost
adjustments are applied to the current open accounting period C - As
long as the year-end process has not run, cost adjustments can be posted
to any period D - The cost adjustments are applied to the next open
accounting period Answer: B Question: 11 In which of the following
scenarios will a decrease in inventory be affected by revaluation? A -
The entry number is later than the revaluation entry number and the
posting date is later than the revaluation posting date B - The entry
number is earlier than the revaluation entry number and the posting date
is later than the revaluation posting date C - The entry number is
earlier than the revaluation entry number and the posting date is equal
to than the revaluation posting date D - The entry number is later than
the revaluation entry number and the posting date is earlier later than
the revaluation entry number and the p than the revaluation posting date
posting date Answer: A, B, D Question: 12 Microsoft Navision handles
rounding for which of the costing methods?dles rounding for which of the
costing methods? A - Average B - FIFO C - LIFO D - Weighted Answer: A,
B, C Question: 13 For which of the following value tjpes can Microsoft
Navision create separate value entries?ng value tjpes can Microsoft
Navision create separ A - Direct cost B - Rounding C - Variances D -
Scrap Answer: A, B, C Question: 14 An item has two purchase entries,
020404 and 030604. Each purchase was for 10 items with a direct cost of
50 LCY and 60 LCY, respectively. What would the value of a 8 item
transfer be if it occurred on 030704, using the FIFO costing method? A B
C D Answer: B Question: 15 Microsoft Navision supports which of the
following cost flow assumptions?ich of the following cost flow assu
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