GFEBS L432E Cost Collection and Allocation exam questions with 100% correct answers 2024

GFEBS L432E Cost Collection and Allocation exam questions with 100% correct answers 2024 What are the attributes of a cost center - answerAll of the above. Cost Collection and Allocation are key components of Cost Management because they - answerLink fund expenditure data with functional and operational data. The first step in the Cost Management process is to - answerCreate Master Data Elements Internal orders are cost collectors used to plan, collect, monitor, and settle the costs of internal jobs and tasks - answertrue Work Breakdown Structure (WBS) Elements are the individual elements that represent activities within the WBS that are used for planning and updating actual cost data. The elements are called WBS Elements in Project Systems. - answerAll of the above Business Processes are cost objects that can be used to track costs of cross-functional activities within an organization - answert Which of the following describes Primary Cost Elements? - answerThey have matching Expense Accounts in a GL.