MB7-255 Exam

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Exam : MBS MB7-255
Title : Navision 4.0 C/SIDE Solution Development


1. Which of the following costing methods are supported by Microsoft Navision?
A. Standard
B. Specific
C. Average
D. FILO
Answer: ABC

2. What is the generic formula for calculating the total acquisition cost of an item?
A. Purchase costs (+ discounts) + additional acquisition costs + indirect costs
B. Purchase costs (- discounts) + additional acquisition costs - indirect costs
C. Purchase costs (+ discounts) + additional acquisition costs + direct costs
D. Purchase costs (- discounts) + additional acquisition costs + indirect costs
Answer: D

3. How does Microsoft Navision treat customer and vendor returns?
A. Both are considered an increase in inventory
B. They are a decrease and increase, respectively to inventory
C. Both are considered a decrease to inventory
D. They are an increase and decrease, respectively, to inventory
Answer: D

4. An item has two purchase entries, 02/04/04 and 03/06/04. Each purchase was for 10 items with a direct cost of 50 LCY and 60 LCY, respectively. What would the direct cost be if a transfer occurred on 03/05/04, using the average costing method?
A. 55
B. 60
C. 50
D. 45
Answer: C

5. What is the calculation for finding the value of ending inventory?
A. Beginning inventory + net purchases - manufacturing cost
B. Beginning inventory + net purchases - cost of goods sold
C. Beginning inventory + value of all increases - value of all decreases
D. Beginning inventory + manufacturing cost - cost of goods sold
Answer: B

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