Chapter 5 - CO Answer Sheet (1)
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Dec 6, 2023
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Answer Sheet
Chapter 5 - Managerial Accounting (CO) Exercise
Answer the questions while completing the exercises in SAP. 1.
What is your user number? User-115
2.
What are the names of the cost center groups for Pen Inc.? Administration, Sales, Distrubution/Production
3.
Insert a screenshot of cost element group TOTAL_ _ _. The PCOST and SCOST folders should be collapsed. 4.
What is the document number for the utility payment? Document 100000004 was posted in company code C115
5.
When paying the Utility bill, why does G/L account 750_ _ _ require a cost center? The account 750115 requires a cost center since administration is trying to keep track of the expenses. Additionally, it allows the payment to be sent through CO from spefic cost centers and it also allows to keep track of the transactions. 6.
Why didn’t 102_ _ _ need a cost center? The account 102115 did not need a cost center since we will be able to see it within the transaction. 7.
As a manager, what is the value of being able to review an individual cost center? As a manager, the value of being able to review individual cost center is that it allows the manager to see who are the ones posting certain expenses to certain cost center. Being able to review individual cost centers it also allows the manager to review the data to see if there are any inaccurate entries so it can be fixed thourgh the cost center.
8.
Insert a screenshot showing the actual cost line items for cost center A010. Include the header information.
9.
What is ONE reason costs are transferred between cost centers? One of the reaons costs are transferred between cost centers is to correct errors in cost allocation. 10. You created an activity type in managerial accounting (CO) even though it won’t be implemented until Chap 9 – Manufacturing Execution. Why did you create it in CO? Since the activity was created before hand, it notifies the Manufacturing department of upcoming changes so the department can prepare accordingly. 11. What is the purpose of a statistical key figure? To create a formula that we can use to allocate costs between different cost centers.
12. What are the names of the segments created for the distribution cycle? The names of the segments created for the distribution cycle are: Rent and Utility.
13. When creating an assessment cycle, the name of the transferred cost centers changed. Why? The name of the transferred costs centers changed due to the monitoring of IT costs.
14. You executed a distribution cycle and an assessment cycle. What is the difference? We use a distribution cycle to distribute primary costs from one cost center to another. The distribution cyucle utilizes statiscal key figures as measurable cycle. On the other hand, we use assessment cycle to distribute secondary costs from one cost center to another. The assessment cycle utilizes fixed percentages as measurabvle values.
15. What is the value of running the actual line item report by the cost center group? The value of running an actual line item report by cost center group is that it allows the user to verify and validate the created cycle. 16. Upload a screenshot of the Display Actual cost Line Items for Cost Centers report. Click the Collapse Section icon for all of the folders
EXCEPT S010 Marketing. It must be open so the expenses charged to that cost center can
be viewed.
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