Winshuttle SAP Training Test 2
- 1.
Which of the following are key organizational data relevant to the production process? (2 Correct answers)
- A.
Purchasing Organization
- B.
Credit control area
- C.
Work center
- D.
Storage location
- E.
Plant
- F.
Bill of material
Correct Answer(s)
D. Storage location
E. PlantExplanation
The key organizational data relevant to the production process are the storage location and the plant. The storage location refers to the specific physical location where materials or products are stored within a facility. This information is crucial for the production process as it determines where the necessary materials are located and how they can be accessed. The plant, on the other hand, represents the physical location where the production activities take place. It includes all the necessary resources, equipment, and personnel for the production process. Both storage location and plant are essential organizational data for efficient production operations.Rate this question:
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- 2.
Master data relevant to the production process are (3 Correct answers)
- A.
Work centers
- B.
Material master
- C.
Bills of material
- D.
Client
- E.
Company code
- F.
Production order
Correct Answer(s)
A. Work centers
B. Material master
C. Bills of materialExplanation
The correct answer is work centers, material master, and bills of material. These three types of master data are all relevant to the production process. Work centers define the locations where production activities take place, material master contains information about the materials used in production, and bills of material specify the components and quantities required to produce a finished product. These three types of master data are essential for planning and executing the production process efficiently.Rate this question:
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- 3.
A planned order is a formal request that indicates (3 Correct answers)
- A.
How many units of a material are needed
- B.
Where the finished goods are to be shipped
- C.
What materials are needed
- D.
Where the raw materials are stored
- E.
When the materials are needed
Correct Answer(s)
A. How many units of a material are needed
C. What materials are needed
E. When the materials are neededExplanation
A planned order is a formal request that indicates how many units of a material are needed, what materials are needed, and when the materials are needed. It does not indicate where the finished goods are to be shipped or where the raw materials are stored. The planned order helps in ensuring that the necessary materials are available in the required quantities and at the right time for production.Rate this question:
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- 4.
Which are the following are options when a production manager receives a planned order? (3 Correct answers)
- A.
Create an alternate planned order
- B.
Reject the planned order
- C.
Combine the planned order with other orders
- D.
Authorize the production
- E.
Return the order to purchasing
- F.
Create a sales order
Correct Answer(s)
B. Reject the planned order
C. Combine the planned order with other orders
D. Authorize the productionExplanation
When a production manager receives a planned order, they have several options. They can reject the planned order if it is not feasible or does not align with the production plan. They can also choose to combine the planned order with other orders to optimize production efficiency. Additionally, they can authorize the production to proceed based on the planned order. These options allow the production manager to make informed decisions and ensure smooth production operations.Rate this question:
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- 5.
Which of the following does a routing identify in a production order? (2 Correct answers)
- A.
The materials or components to be used in production
- B.
The location where operations are to be performed
- C.
The capacity requirements of the production order
- D.
The location of raw materials in the warehouse
- E.
The operations needed to produce a material
Correct Answer(s)
B. The location where operations are to be performed
D. The location of raw materials in the warehouseExplanation
A routing in a production order identifies the location where operations are to be performed and the location of raw materials in the warehouse. The routing helps determine the sequence of operations and the specific work centers or machines where each operation will take place. It also includes information about the required raw materials and their availability in the warehouse. By identifying the locations for operations and raw materials, the routing ensures efficient production planning and execution.Rate this question:
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- 6.
Which one of the following best describes a work center?
- A.
A location where materials are placed right before they are shipped
- B.
Another term used to describe an office building
- C.
A location where value-added work needed to produce a material is A location where value-added work needed to produce a material is A location where value-added work needed to produce a material is carried out
- D.
A shipping dock
- E.
A storage shelf in a warehouse
Correct Answer
C. A location where value-added work needed to produce a material is A location where value-added work needed to produce a material is A location where value-added work needed to produce a material is carried outExplanation
A work center is a location where value-added work needed to produce a material is carried out. This means that it is a specific area or station within a production process where tasks are performed to transform raw materials into finished products. It is not a shipping dock or a storage shelf in a warehouse, as those locations are used for different purposes. Additionally, it is not another term for an office building, as work centers are typically associated with manufacturing or production environments.Rate this question:
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- 7.
Which of the following identifies the list of materials needed to produce one or more units of a finished good?
- A.
Routing
- B.
Source materials
- C.
Component listing
- D.
Bill of components
- E.
Bill of materials
Correct Answer
E. Bill of materialsExplanation
A bill of materials is a comprehensive list of all the materials, components, and sub-assemblies required to produce one or more units of a finished good. It includes detailed information such as quantities, part numbers, descriptions, and sometimes even the sources or suppliers of the materials. The bill of materials is an essential document in manufacturing and production planning as it helps ensure that all necessary materials are available and that the production process runs smoothly.Rate this question:
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- 8.
If a company has adopted the make-to-stock strategy, what is the trigger for the production of goods?
- A.
Need to increase inventory
- B.
Customer order
- C.
Request for quotation
- D.
Customer inquiry
- E.
Billing document
Correct Answer
A. Need to increase inventoryExplanation
The trigger for the production of goods in a company that has adopted the make-to-stock strategy is the need to increase inventory. This means that the company produces goods in anticipation of future demand, rather than in response to specific customer orders or inquiries. By increasing inventory, the company ensures that it has sufficient stock to meet customer demand and minimize lead times.Rate this question:
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- 9.
Which of the following is NOT an outcome of a goods issue to a production order?
- A.
The material master is updated to reflect the reduction in the quantity and value of the materials issued
- B.
Actual costs associated with material consumption are calculated
- C.
Material reservations are updated
- D.
A goods receipt is automatically recorded
- E.
An FI document is created to record financial accounting data
Correct Answer
D. A goods receipt is automatically recordedExplanation
When a goods issue is made to a production order, it means that materials are being taken out of inventory to be used in the production process. This process does not involve receiving any goods into inventory, so a goods receipt is not automatically recorded. Instead, the material master is updated to reflect the reduction in quantity and value of the materials issued, actual costs associated with material consumption are calculated, material reservations are updated, and an FI document is created to record financial accounting data.Rate this question:
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- 10.
Component assignment is a technique that assigns components in a BOM either to a routing or to a specific operation within the routing.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
Component assignment is a technique used to assign components in a Bill of Materials (BOM) to either a routing or a specific operation within the routing. This means that each component in the BOM can be assigned to a particular step or operation in the production process, ensuring that the correct components are used at the right time. This helps in streamlining the manufacturing process and ensures accurate component allocation. Therefore, the given statement "True" is correct.Rate this question:
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- 11.
Which of the following occur when a goods receipt is posted for raw materials on a consignment basis? (2 correct answers)
- A.
The status of the materials is set to consignment stock.
- B.
The inventory account is impacted
- C.
The quantity of materials in inventory is increased
- D.
The quantity of materials in inventory is decreased.
- E.
The vendor's account is impacted
Correct Answer(s)
A. The status of the materials is set to consignment stock.
C. The quantity of materials in inventory is increasedExplanation
When a goods receipt is posted for raw materials on a consignment basis, the status of the materials is set to consignment stock. This means that the materials are not owned by the company but are held on behalf of the vendor. Additionally, the quantity of materials in inventory is increased as the company now has possession of the materials.Rate this question:
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- 12.
For which of the following scenarios can storage location-to-storage location transfer be applied? (2 correct answers)
- A.
Materials are wrongly delivered to one plant and need to be relocated to another plant
- B.
Materials are transferred from a temporary storage location in one plant to a permanent storage location in another plant
- C.
Materials are moved via a stock transfer between plants in different company codes
- D.
Materials are initially stored in a temporary staging area and are subsequently moved to a permanent location within the same plant
- E.
Materials received from a vendor are initially placed in a storage location for quality inspection to be performed before being placed in permanent location
Correct Answer(s)
D. Materials are initially stored in a temporary staging area and are subsequently moved to a permanent location within the same plant
E. Materials received from a vendor are initially placed in a storage location for quality inspection to be performed before being placed in permanent locationExplanation
The first scenario, where materials are initially stored in a temporary staging area and are subsequently moved to a permanent location within the same plant, is a suitable scenario for storage location-to-storage location transfer. This is because the materials are being relocated within the same plant, but from a temporary storage location to a permanent storage location.
The second scenario, where materials received from a vendor are initially placed in a storage location for quality inspection to be performed before being placed in a permanent location, is also a suitable scenario for storage location-to-storage location transfer. In this case, the materials are being transferred from the temporary storage location (for quality inspection) to a permanent storage location after inspection is completed.Rate this question:
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- 13.
Which of the following statements apply to stock transport orders? (3 correct answers)
- A.
Goods can be received into quality inspection or blocked stock statuses.
- B.
Goods received can be posted to consumption accounts rather than material accounts
- C.
Purchase requisitions can be converted to purchase orders.
- D.
No history is available to track the tasks associated with STOs.
- E.
An availability check can be executed to assess material availability in the supplying plant.
Correct Answer(s)
A. Goods can be received into quality inspection or blocked stock statuses.
B. Goods received can be posted to consumption accounts rather than material accounts
E. An availability check can be executed to assess material availability in the supplying plant.Explanation
Stock transport orders allow goods to be received into quality inspection or blocked stock statuses, which ensures that the quality of the goods is checked before they are used. Additionally, goods received through stock transport orders can be posted to consumption accounts instead of material accounts, providing flexibility in accounting. Furthermore, an availability check can be performed to assess the availability of materials in the supplying plant, allowing for efficient planning and allocation of resources.Rate this question:
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- 14.
Which of the following are rules that apply when linking warehouses to storage locations? (3 correct answers)
- A.
A warehouse cannot be linked to storage locations across multiple plants.
- B.
A warehouse must be linked to at least one storage location.
- C.
Not all storage locations in a plant must be linked to a warehouse.
- D.
A storage location can be linked to one or many warehouses.
- E.
A warehouse can be linked to storage locations across multiple plants.
Correct Answer(s)
A. A warehouse cannot be linked to storage locations across multiple plants.
B. A warehouse must be linked to at least one storage location.
E. A warehouse can be linked to storage locations across multiple plants.Explanation
The first statement is correct because a warehouse cannot be linked to storage locations across multiple plants. The second statement is correct because a warehouse must be linked to at least one storage location. The fifth statement is correct because a warehouse can be linked to storage locations across multiple plants.Rate this question:
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- 15.
Which of the following are warehouse management steps related to the production process? (2 correct answers)
- A.
Create invoice
- B.
Goods issue
- C.
Create outbound delivery
- D.
Create transfer order
- E.
Create transfer requirement
Correct Answer(s)
D. Create transfer order
E. Create transfer requirementExplanation
The correct answers for the warehouse management steps related to the production process are "Create transfer order" and "Create transfer requirement." These steps involve the movement of goods within the warehouse, specifically for transferring materials from one location to another. Creating a transfer order initiates the process of moving goods from one storage bin to another, while creating a transfer requirement identifies the need for materials to be transferred. These steps are essential in ensuring efficient and accurate inventory management within the warehouse during the production process.Rate this question:
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- 16.
In plant-to-plant transfer, an FI document
- A.
Is created in both one-step and two-step movements.
- B.
Is created in two-step movements only.
- C.
Is created in one-step movements only.
- D.
Is not created.
Correct Answer
A. Is created in both one-step and two-step movements.Explanation
In plant-to-plant transfer, an FI document is created in both one-step and two-step movements. This means that when transferring materials from one plant to another within the same company code, the system will generate a financial document to record the movement of goods. This document includes details such as the value of the goods transferred, the accounts involved, and any relevant cost centers. Both one-step and two-step movements refer to different processes for transferring materials, but in both cases, an FI document is created to ensure proper accounting and tracking of the transfer.Rate this question:
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- 17.
Which of the following represents the document used to plan the movement of materials into and out of bins in a warehouse?
- A.
Transfer list
- B.
Transfer request
- C.
Transfer plan
- D.
Transfer order
- E.
Transfer requirement
Correct Answer
E. Transfer requirementExplanation
A transfer requirement is a document used to plan the movement of materials into and out of bins in a warehouse. It specifies the quantity and type of materials that need to be transferred, as well as the source and destination bins. This document helps to ensure efficient inventory management and accurate tracking of materials within the warehouse.Rate this question:
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- 18.
In warehouse management steps associated with the procurement process, the warehouse inventory is calculated as sum of the inventory in the following places:
- A.
Storage sections and storage areas
- B.
Warehouse bins and storage sections
- C.
Interim storage areas and warehouse bins
- D.
Storage locations and storage sections
- E.
Storage locations and storage areas
Correct Answer
C. Interim storage areas and warehouse binsExplanation
The correct answer is "Interim storage areas and warehouse bins". This means that in warehouse management, the inventory is calculated by summing up the inventory in both the interim storage areas and the warehouse bins. This suggests that both these areas play a crucial role in the procurement process and contribute to the overall inventory count in the warehouse.Rate this question:
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- 19.
Material planning is concerned with answering which basic questions? (3 correct answers)
- A.
Which planning version should the company choose?
- B.
What materials are required?
- C.
What is the shortest time required for completing the planning?
- D.
When are the materials required?
- E.
How many materials are required?
Correct Answer(s)
B. What materials are required?
D. When are the materials required?
E. How many materials are required?Explanation
Material planning is concerned with answering the questions of what materials are required, when the materials are required, and how many materials are required. These questions are essential in the planning process as they help determine the necessary inventory levels, production schedules, and resource allocation. By identifying the required materials, their timing, and quantities, companies can effectively plan and optimize their production and supply chain operations to meet customer demands and minimize costs.Rate this question:
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- 20.
The proposals that material planning generates typically are in the form of: (2 correct answers)
- A.
A planning proposal.
- B.
Planned orders.
- C.
A material order list.
- D.
Purchase requisitions.
- E.
Purchase list.
Correct Answer(s)
B. Planned orders.
D. Purchase requisitions.Explanation
Material planning generates proposals in the form of planned orders and purchase requisitions. Planned orders are created to fulfill the demand for materials based on the production schedule and inventory levels. These orders outline the quantity, timing, and location of materials needed. Purchase requisitions, on the other hand, are generated when materials need to be procured from external suppliers. These requisitions specify the quantity, delivery date, and other details required for purchasing the materials. Both planned orders and purchase requisitions are essential in ensuring a smooth and efficient supply chain process.Rate this question:
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- 21.
Which of the following are master data relevant to material planning? (2 correct answers)
- A.
Storage location
- B.
Bills of material
- C.
Material master
- D.
Planning version
- E.
Production version
Correct Answer(s)
B. Bills of material
C. Material masterExplanation
Bills of material and material master are both master data relevant to material planning. Bills of material contain information about the components needed to produce a finished product, while the material master contains detailed information about a specific material, such as its description, stock levels, and procurement details. Both of these master data elements are essential for effective material planning and ensuring that the necessary materials are available for production.Rate this question:
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- 22.
Which of the following statements concerning the outcome of the material planning process are NOT TRUE? (3 correct answers)
- A.
The outcome can be multiple procurement proposals.
- B.
The outcome is always a single procurement proposal.
- C.
The outcome triggers the sales and operations planning step.
- D.
The outcome triggers the forecasting planning step.
- E.
The outcome can trigger either the production or the procurement process.
Correct Answer(s)
B. The outcome is always a single procurement proposal.
C. The outcome triggers the sales and operations planning step.
D. The outcome triggers the forecasting planning step.Explanation
The given correct answers state that the outcome of the material planning process is not always a single procurement proposal, it does not trigger the sales and operations planning step, and it does not trigger the forecasting planning step. This means that the material planning process can result in multiple procurement proposals, it may not necessarily trigger the sales and operations planning step, and it may not necessarily trigger the forecasting planning step. The outcome can also trigger either the production or the procurement process.Rate this question:
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- 23.
Which of the following statements regarding a BOM are TRUE? (3 correct answers)
- A.
A BOM identifies the components needed to make the material.
- B.
A BOM identifies the sequence of operations needed to make the materials.
- C.
A BOM component can have its own BOM.
- D.
A BOM identifies the material's routing strategy.
- E.
A BOM is plant specific.
Correct Answer(s)
A. A BOM identifies the components needed to make the material.
C. A BOM component can have its own BOM.
E. A BOM is plant specific.Explanation
A BOM (Bill of Materials) is a comprehensive list of all the components needed to produce a specific material or product. It identifies the components needed to make the material, which is mentioned in the first statement. Additionally, a BOM component can have its own BOM, meaning that a particular component may require its own list of sub-components and materials. This is mentioned in the second statement. Lastly, a BOM is plant specific, meaning that it is tailored to the specific manufacturing facility or location where the material is being produced. This is mentioned in the fifth statement.Rate this question:
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- 24.
Requirements in the material planning process specify
- A.
The master data requirements.
- B.
How the material planning should be executed.
- C.
The work center capacity.
- D.
Requirements for the different modes of transportation.
- E.
How many of the materials are needed and when they are needed.
Correct Answer
E. How many of the materials are needed and when they are needed.Explanation
The correct answer is "How many of the materials are needed and when they are needed." This answer aligns with the statement in the question that requirements in the material planning process specify how many materials are needed and when they are needed. It implies that the material planning process involves determining the quantity of materials required and the timing of their availability. This information is crucial for effective inventory management and ensuring that materials are available when needed for production or distribution.Rate this question:
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- 25.
The master data elements in material planning are:
- A.
Material masters, product types, storage location, vendors.
- B.
Product routings, bills of material, material master, product groups.
- C.
Product types, product routings, material masters, product groups.
- D.
Product routings, product types, material masters, customers.
- E.
Material masters, storage location, product groups, product routings.
Correct Answer
B. Product routings, bills of material, material master, product groups. -
- 26.
Which of the following statements about consumption-based planning is TRUE?
- A.
Planning is based on historical data.
- B.
Planning is based on exploding the BOM.
- C.
Dependent demand is derived from independent demand.
- D.
It is used for high-value materials
Correct Answer
A. Planning is based on historical data.Explanation
Consumption-based planning is a method of inventory planning where the future demand is estimated based on historical data. This means that the planning process takes into account the previous consumption patterns of a particular item to determine the future demand for that item. By analyzing historical data, the planner can make informed decisions about how much inventory to order or produce to meet the anticipated demand. This approach is particularly useful when the demand for an item is relatively stable and predictable over time.Rate this question:
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- 27.
Given the information below, calculate disaggregated quantities for touring bikes (TOUR) and off-road bikes (ORBK). Total production = 100 TOUR proportion factor = 35 ORBK proportion factor = 65
- A.
TOUR = 35, ORBK = 65
- B.
TOUR = 65, ORBK = 35
- C.
TOUR = 0, ORBK = 65
- D.
TOUR = 35, ORBK = 0
- E.
TOUR = 50, ORBK = 50
Correct Answer
A. TOUR = 35, ORBK = 65Explanation
The correct answer is TOUR = 35, ORBK = 65. This is because the proportion factors given for touring bikes (TOUR) and off-road bikes (ORBK) are 35 and 65 respectively. The total production is 100. To calculate the disaggregated quantities, we multiply the proportion factors by the total production. Therefore, 35% of 100 is 35 (TOUR) and 65% of 100 is 65 (ORBK).Rate this question:
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- 28.
MRP data in the material master is defined at the plant level.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
The MRP data in the material master is defined at the plant level. This means that the MRP (Material Requirements Planning) settings for a particular material are specific to a particular plant within an organization. The MRP data includes information such as the reorder point, safety stock, and lot size for the material. By defining the MRP data at the plant level, organizations can tailor their inventory management and procurement processes to the specific needs and requirements of each plant.Rate this question:
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- 29.
Which of the following statements about the integrated process are TRUE? (3 correct answers)
- A.
The process is triggered by a customer order
- B.
The fulfillment process is suspended when the needed raw materials are not available
- C.
The production process is suspended when the needed raw materials are not available
- D.
The production process continues when the finished products become available
- E.
The fulfillment process continues when the finished products become available
Correct Answer(s)
A. The process is triggered by a customer order
C. The production process is suspended when the needed raw materials are not available
E. The fulfillment process continues when the finished products become availableExplanation
The integrated process is triggered by a customer order, as stated in the first statement. The production process is suspended when the needed raw materials are not available, as mentioned in the second statement. The fulfillment process continues when the finished products become available, as stated in the last statement.Rate this question:
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- 30.
Which of the following are steps in the warehouse management process? (2 correct answers)
- A.
Create goods receipt
- B.
Create transfer order
- C.
Create stock transfer order
- D.
Confirm transfer order
- E.
Post goods issue
Correct Answer(s)
B. Create transfer order
D. Confirm transfer orderExplanation
The correct answer is "Create transfer order" and "Confirm transfer order". These two steps are part of the warehouse management process. "Create transfer order" involves initiating the transfer of goods from one location to another within the warehouse. "Confirm transfer order" is the step where the transfer is verified and completed. These steps are essential for maintaining accurate inventory and ensuring efficient movement of goods within the warehouse.Rate this question:
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- 31.
In which of the following processes is a transfer order (TO) created?
- A.
Warehouse management
- B.
Fulfillment
- C.
Inventory management
- D.
Production
- E.
Procurement
Correct Answer
A. Warehouse managementExplanation
A transfer order (TO) is created in the Warehouse management process. This process involves managing the movement and storage of goods within a warehouse. Creating a transfer order allows for the efficient transfer of goods from one location to another within the warehouse, ensuring accurate inventory management and fulfillment of orders.Rate this question:
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- 32.
Due to a shortfall of materials needed to fill a customer order, a company has decided to acquire the materials from another plant. What is the likely next step?
- A.
Create an stock transport order
- B.
Create a purchase order
- C.
Create a sales order
- D.
Initiate shipping to customer
- E.
Post a goods receipt
- F.
Create a delivery document
Correct Answer
A. Create an stock transport orderExplanation
When a company decides to acquire materials from another plant to fulfill a customer order due to a shortfall, the likely next step would be to create a stock transport order. This order is necessary to initiate the transfer of materials from one plant to another within the company's supply chain. It ensures that the materials are properly accounted for and transported to the location where they are needed to fulfill the customer order.Rate this question:
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- 33.
Identify the step in the procurement process for which a material document is created.
- A.
Goods issue
- B.
Goods receipt
- C.
Create transfer order
- D.
Create stock transport order
- E.
Create requisition
Correct Answer
B. Goods receiptExplanation
In the procurement process, a material document is created during the step of Goods receipt. This document serves as proof that the goods ordered have been received and accepted by the buyer. It includes information such as the quantity, quality, and condition of the goods, as well as any discrepancies or damages observed. The material document is an essential part of the procurement process as it helps in tracking and managing inventory, verifying payments, and resolving any disputes that may arise between the buyer and the supplier.Rate this question:
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- 34.
In a plant-to-plant stock transfer, valuation occurs at
- A.
Goods issue and at the valuation price of the issuing plant
- B.
Goods receipt and at the valuation price of the issuing plant
- C.
Goods issue and at the valuation price of the receiving plant
- D.
Goods receipt and at the average price of the receiving plant
- E.
Goods issue and at the average price of the receiving plant
Correct Answer
A. Goods issue and at the valuation price of the issuing plantExplanation
In a plant-to-plant stock transfer, valuation occurs at the goods issue and at the valuation price of the issuing plant. This means that the value of the transferred stock is determined based on the valuation price set for the issuing plant at the time of goods issue. This ensures that the correct value is recorded for the stock transfer and reflects the actual cost of the goods being transferred from one plant to another.Rate this question:
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- 35.
Calculate the financial impact of a goods issue posting based on the following data. Procurement type: Internal Materials: Pens Quantity shipped: 100 Valuation price at the receiving plant (for one pen): $2.30 Valuation price at the sending plant (for one pen): $2.40
- A.
Debit GR/IR, credit inventory for $230.00
- B.
Debit inventory, credit COGS for $240.00
- C.
Debit inventory, credit GR/IR for $230.00
- D.
Debit and credit to the inventory account for $240.00
- E.
No financial effect takes place at this step, so no FI document is created
Correct Answer
D. Debit and credit to the inventory account for $240.00Explanation
The financial impact of a goods issue posting is reflected in the debit and credit to the inventory account for $240.00. This means that the inventory is being reduced by $240.00 as the goods are being issued, and the corresponding cost of goods sold (COGS) is also being recorded for the same amount. This transaction does not involve the GR/IR (Goods Receipt/Invoice Receipt) account, as it is an internal procurement and not an external purchase. Therefore, there is no need to debit or credit the GR/IR account in this case.Rate this question:
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- 36.
What is the general ledger impact when a transfer requirement is created in the warehouse management process?
- A.
Debit GR/IR, credit inventory
- B.
Debit inventory, credit COGS
- C.
Debit inventory, credit GR/IR
- D.
Debit and credit to the inventory account
- E.
There is no impact on the GL.
Correct Answer
E. There is no impact on the GL.Explanation
When a transfer requirement is created in the warehouse management process, there is no impact on the general ledger. This means that no accounts are debited or credited in the GL. The transfer requirement is a document used to transfer materials from one location to another within the warehouse, and it does not directly affect the financial accounts in the GL. Therefore, the correct answer is that there is no impact on the GL.Rate this question:
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- 37.
Calculate the debit and credit amount for the goods issue step in the fulfillment process, based on the following data. Materials sold (trading goods): Printers Quantities sold: 100 Price for customer: $120.00 Current average moving price: $85.00 Price from vendor: $84.00 Average price 30 days before customer order was placed: $86.00
- A.
$12,000
- B.
$8,500
- C.
$8,400
- D.
$8,600
- E.
$0.00
Correct Answer
B. $8,500Explanation
The correct answer of $8,500 is the debit amount for the goods issue step in the fulfillment process. This is calculated by multiplying the quantity sold (100) by the current average moving price ($85.00). The debit amount represents the cost of the goods being taken out of inventory and sold to the customer.Rate this question:
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- 38.
A stock transfer is used to move 400 t-shirts from Plant A to Plant B in the same company code. What is the moving average price (MAP) for t-shirts in Plant B after goods issue? Use the following data for this question. The data represents the status before goods issue. Plant A: Unrestricted: 3000, moving average price (MAP) 3.54 Plant B: Unrestricted: 500, moving average price (MAP) 3.75
- A.
$3.54
- B.
$3.75
- C.
$8.23
- D.
$3.66
- E.
$3.60
Correct Answer
D. $3.66Explanation
After the stock transfer, the t-shirts from Plant A are moved to Plant B. The moving average price (MAP) for t-shirts in Plant A is $3.54, and in Plant B it is $3.75. The MAP for t-shirts in Plant B after the goods issue will be calculated based on the weighted average of the MAPs in both plants. Since the quantity of t-shirts transferred is not provided, we cannot determine the exact MAP after goods issue. Therefore, the answer cannot be determined based on the given information.Rate this question:
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- 39.
A stock transfer is used to move 400 t-shirts from Plant A to Plant B in the same company code. What is the MAP at Plant A after goods issue? Use the following data for this question. The data represents the status before goods issue. Plant A: Unrestricted: 3000, MAP 3.54 Plant B: Unrestricted: 500, MAP 3.75
- A.
$3.54
- B.
$3.75
- C.
$8.23
- D.
$3.66
- E.
$3.60
Correct Answer
A. $3.54Explanation
After the stock transfer of 400 t-shirts from Plant A to Plant B, the quantity of t-shirts in Plant A's unrestricted stock will decrease by 400. However, the MAP (Moving Average Price) at Plant A will remain unchanged at $3.54 because the stock transfer does not affect the price.Rate this question:
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- 40.
A stock transfer is used to move 400 t-shirts from Plant A to Plant B in the same company code. What is the value of inventory of t-shirts in Plant B after the goods issue? Use the following data for this question. The data represents the status before goods issue. Plant A: Unrestricted: 3000, MAP 3.54 Plant B: Unrestricted: 500, MAP 3.75
- A.
$1,416
- B.
$1,875
- C.
$3,291
- D.
$10,620
- E.
$12,495
Correct Answer
C. $3,291Explanation
The value of inventory of t-shirts in Plant B after the goods issue can be calculated by multiplying the quantity of t-shirts in Plant B (500) by the moving average price (MAP) of t-shirts in Plant B before the goods issue (3.75). Therefore, the value of inventory of t-shirts in Plant B after the goods issue is 500 * 3.75 = $1,875.Rate this question:
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- 41.
A stock transfer is used to move 400 t-shirts from Plant A to Plant B in the same company code. What is the change in value of inventory of t-shirts in the company code? Use the following data for this question. The data represents the status before goods issue. Plant A: Unrestricted: 3000, MAP 3.54 Plant B: Unrestricted: 500, MAP 3.75
- A.
Increase by $1,416
- B.
Increase by $3,291
- C.
Decrease by $1,416
- D.
Decrease by $3,291
- E.
$0 (no change in value)
Correct Answer
E. $0 (no change in value)Explanation
The value of inventory is determined by multiplying the quantity of t-shirts by the moving average price (MAP). Before the stock transfer, Plant A has 3000 t-shirts with a MAP of $3.54, and Plant B has 500 t-shirts with a MAP of $3.75. When the 400 t-shirts are transferred from Plant A to Plant B, the quantity of t-shirts in Plant A decreases by 400, but the quantity in Plant B increases by 400. However, since the MAP for Plant A is lower than the MAP for Plant B, the decrease in value from Plant A is offset by the increase in value in Plant B. Therefore, there is no change in the value of inventory in the company code.Rate this question:
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- 42.
A stock transfer is used to move 400 t-shirts from Plant A to Plant B in the same company code. What is the change in value of inventory of t-shirts in Plant B? Use the following data for this question. The data represents the status before goods issue. Plant A: Unrestricted: 3000, MAP 3.54 Plant B: Unrestricted: 500, MAP 3.75
- A.
Increase by $1,416
- B.
Increase by $3,291
- C.
Decrease by $1,416
- D.
Decrease by $3,291
- E.
$0 (no change in value)
Correct Answer
A. Increase by $1,416Explanation
When the 400 t-shirts are transferred from Plant A to Plant B, the value of inventory in Plant B increases. This increase in value can be calculated by multiplying the quantity of t-shirts (400) by the difference in the moving average price (MAP) between Plant B (3.75) and Plant A (3.54). Therefore, the change in value of inventory in Plant B is an increase of $1,416.Rate this question:
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Mar 22, 2023Quiz Edited by
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Apr 04, 2013Quiz Created by
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