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RFT, an engineering company, has been asked to provide a quotation for a contract to build a new engine.
The potential customer is not a current customer of RFT, but the directors of RFT are keen to try and win the contract as they believe that this may lead to more contracts in the future. As a result, they intend pricing the contract using relevant costs. The following information has been obtained from a two-hour meeting that the Production Director of RFT had with the potential customer. The Production Director is paid an annual salary equivalent to $1,200 per 8-hour day. 110 square meters of material A will be required. This is a material that is regularly used by RFT and there are 200 square meters currently in inventory. These were bought at a cost of
$12 per square meter. They have a resale value of $10.50 per square meter and their current replacement cost is $12.50 per square meter. 30 liters of material B will be required. This material will have to be purchased for the contract because it is not otherwise used by RFT. The minimum order quantity from the supplier is 40 liters at a cost of $9 per liter. RFT does not expect to have any use for any of this material that remains after this contract is completed. 60 components will be required. These will be purchased from HY. The purchase price is $50 per component. A total of 235 direct labour hours will be required. The current wage rate for the appropriate grade of direct labour is $11 per hour. Currently RFT has 75 direct labour hours of spare capacity at this grade that is being paid under a guaranteed wage agreement. The additional hours would need to be obtained by either (i) overtime at a total cost of $14 per hour; or (ii) recruiting temporary staff at a cost of $12 per hour. However, if temporary staff are used they will not be as experienced as RFT's existing workers and will require 10 hours supervision by an existing supervisor who would be paid overtime at a cost of $18 per hour for this work. 25 machine hours will be required. The machine to be used is already leased for a weekly leasing cost of $600. It has a capacity of 40 hours per week. The machine has sufficient available capacity for the contract to be completed. The variable running cost of the machine is $7 per hour. The company absorbs its fixed overhead costs using an absorption rate of $20 per direct labour hour.
Select ALL the true statements.
A. The company absorbs its fixed overhead costs using an absorption rate of $20 per direct labour hour. This is a relevant cost.
B. The relevant cost is $7100
C. Material B was a relevant cost.
D. The relevant cost is $7010
E. The cost for the production director meeting was a relevant cost.
F. Material A was a relevant cost.
G. The components are to be purchased from HY at a cost of $50 each. This is a relevant cost because it is future expenditure that will be incurred as a result of the work being undertaken.
H. The machine is currently being leased and it has spare capacity so it will either stand idle or be used on this work. The lease cost will be a relevant cost or $10 per hour.
I. The relevant cost is $7080
Answer: C,D,F,G
Explanation:
Explanation/Reference: https://www.vrelearnonline.com/p1-103-3-hgo/
Your customer has implemented OTM and has a requirement to have a selected menu to be displayed separately.
How should you assign this to a user?
A. It is a customization that OTM does not support.
B. Assign it in User Preference and assign this preference to User.
C. Assign it In User Role ID.
D. Assign it via Manage User Access.
Answer: A
The customer wants a historical report on all access held by certain users. This report should list the entitlements and dates that they were added or removed. Which tables hold the information on the date that entitlement values were removed from an account?
A. globaluser_accounts
B. arc_account_attributes
C. account_attributes
D. attribute_values
E. acct_attr_hier_nodes
Answer: B,C,E
Explanation:
A: TheACCOUNTS table carries only the account name and the audit values for that particular account. The ACCOUNT_ATTRIBUTES table carries references to the various parent accounts, along with hierarchy information within an account. It references the ACCOUNTS and the ACCT_ATTR_HIER_NODES tables by using the columns ACCOUNT_ID and ACCT_ATTR_HIER_ID respectively. These references help pull up information from the accounts and reference them to a particular account parent-child relationship. It includes an attributeUPDATE_DATE. B:The ACCT_ATTR_HIER_NODES maintains hierarchy information between attributes of an account. It has a unique ID, a ROOT_ID, and a PARENT_ID representing the root nodes and parent nodes respectively in the hierarchy. The ATTRIBUTE_VALUE_ID isa reference key to the ATTRIBUTE_VALUES table that contains the actual values of the attributes in the accounts. UPDATE_DATE stores information in case of an account modification. The fields LFT and RGT are used to maintain hierarchy information as well.
E: The ARC_ACCOUNT_ATTRIBUTES table archives 'old/changed' account_attribute data from the ACCOUNT_ATTRIBUTES table whenever an account is changed/updated.
Reference: Oracle Identity Analytics Business Administrator's Guide Tables in the Accounts Module
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