NetSuite ERP Consultant Exam

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Question 124

Which statement is true when using standard cost in NetSuite OneWorld?

Planned standard costs are automatically calculated by last purchase price.

Cost versions must be unique per subsidiary.

Multiple cost categories are assigned to non-inventory items.

The Standard Cost field can be updated using a mass update.

Correct Answer: B

When using standard cost in NetSuite OneWorld, cost versions must be unique per subsidiary. This ensures that the costs are appropriately managed and accounted for within each subsidiary, maintaining accurate financial records.

Discussion

NetSuiteDragonOption: B

If you use NetSuite OneWorld, the cost version name must be unique per subsidiary. https://docs.oracle.com/en/cloud/saas/netsuite/ns-online-help/section_N2202327.html#procedure_N2202405