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Exam MB-310 topic 1 question 13 discussion

Actual exam question from Microsoft's MB-310
Question #: 13
Topic #: 1
[All MB-310 Questions]

HOTSPOT -
A client plans to use the cost accounting module in Dynamics 365 Finance.
You need to associate the correct definitions to the correct cost accounting concepts.
Which terms match the definitions? To answer, select the appropriate configuration in the answer area.
NOTE: Each correct selection is worth one point.
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Suggested Answer:
Reference:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/cost-accounting/terms-cost-accounting
by sadiq_d365 at Jan. 25, 2021, 5:10 a.m.

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globeearth
3 weeks, 4 days ago
=> The allocation base is used to measure and quantify activities, such as machine hours that are used, kilowatt hours that are consumed, or square footage that is occupied. It's used as basis for allocating costs to one or more cost objects => Cost entries are the result of a transfer via data connectors from general ledger entries, cost allocations, and posted cost entries in cost journals. => Cost object - Any type of object that is selected for cost control. Costs or revenues are either directly posted on or allocated to cost objects. Some typical cost objects are: Products, Projects, Departments, Cost centers => Cost element - Used as a function to track and categorize costs. There are two types of cost elements: primary and secondary. => Cost classification groups costs according to their shared characteristics. For example, costs can be grouped by elements, traceability, and behavior.
upvoted 1 times
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D365FOConsultant
9 months, 2 weeks ago
correct
upvoted 1 times
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sadiq_d365
2 years, 3 months ago
Seems correct
upvoted 2 times
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sadiq_d365
2 years, 3 months ago
https://docs.microsoft.com/en-us/dynamics365/finance/cost-accounting/terms-cost-accounting
upvoted 3 times
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