Exam MB-310 topic 1 question 75 discussion

Statistical dimension. Object, Object https://learn.microsoft.com/en-us/dynamics365/finance/cost-accounting/terms-cost-accounting

1. Month Over Month Profitability: -Cost elements represent the costs detailed breakdown. By using cost elements, you can track profitability metrics over different periods, such as month over month. 2. New Product: - Cost objects are entities such as products, projects, or departments that incur costs. In this case, a new product is best tracked as a cost object to ensure you can analyze the costs and profitability specifically associated with it. 3. Cost Center: - For assigning costs to specific cost centers, utilize Cost Object dimensions. Cost centers represent organizational units (e.g., departments, geographical regions) and help quantify costs and drive profitability analysis.

Cost Element, Cost Object & Cost Object 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 Primary cost elements represent the cost flow from financial accounting to Cost accounting. The structure typically corresponds to the profit and loss account structure in the general ledger where a cost element can correspond to a main account.

Some typical cost objects are products and cost centers. Element should not be #2. Month over month profitability I can't imagine statistical dimension being correct as the definition on the cost accounting page for Microsoft Learn is "A statistical dimension and its members are used to register and control non-monetary entries in Cost accounting" and I would say profitability is a monetary entry.

Tricky one! I think should be Cost Element, Cost Object & Statistical dimensions https://learn.microsoft.com/en-us/dynamics365/finance/cost-accounting/terms-cost-accounting