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Question 2
Which of the following are true of planner codes?
A.Restricts access to information
B.Indicates which persons or entities have the responsibility and authority to schedule item orders
C.Used extensively throughout the system as a method of sorting and restricting the information that appears on reports
D.Planner codes are not used in the system
Answer: BC
Question 3
What is the standard material cost for Item A given the item has the bill of material (BOM) structure set up with the components, Qty Per, and standard costs as Item X, 5, $5.00 and Item Y, 1, $2.50?
A.$7.50
B.$25.00
C.$27.50
D.$30.00
Answer: C
Question 4
When setting up a new actual cost finished good item, which of the following accounts should be set up if both material and labor data will be collected for the item?
A.Standard Cost Revaluation
B.WIP - Material
C.Variance - Material
D.WIP - Labor
Answer: BD
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