Drag and Drop Question You are implementing Dynamics 365 Finance. A new product is being released. The system must track the probability of the new product by cost center and you must use the cost…

The correct answer is Statistical dimension; Cost element; Cost object. Dynamics 365 Finance - Cost Control Workspace Configuration > Note: The question likely says profitability (not "probability") - this is a known typo in some exam versions. --- Context In D365 Finance Cost Accounting, configuring the Cost Control Workspace requires three…

Implement financial management

Question

Drag and Drop Question You are implementing Dynamics 365 Finance. A new product is being released. The system must track the probability of the new product by cost center and you must use the cost control workspace. You need to configure the system. Which option should you use? To answer, drag the appropriate option to the correct requirement. Each value may be used once, more than once, or not at all. You may need to drag the split bar between panes or scroll to view content. NOTE: Each correct selection is worth one point. Answer:

Exhibit

Answer Area

Drag items

Cost elementStatistical dimensionCost objectCost center

Correct arrangement

Statistical dimension
Cost element
Cost object

Explanation

Dynamics 365 Finance - Cost Control Workspace Configuration

Note: The question likely says profitability (not "probability") - this is a known typo in some exam versions.

Context

In D365 Finance Cost Accounting, configuring the Cost Control Workspace requires three distinct dimension types. The question maps three unnamed requirements to the correct configuration options.

Correct Arrangement Explained

Position 1 → Statistical Dimension

Purpose: Tracks non-monetary quantities (e.g., units produced, headcount, machine hours).

Why here: To track a new product's profitability, you need a statistical measure (e.g., units sold/produced) that can serve as an allocation base or analysis driver. Statistical dimensions capture this non-financial data that doesn't live in the general ledger.

Position 2 → Cost Element

Purpose: Classifies what kind of cost is being incurred (maps directly from GL accounts - materials, labor, overhead, etc.).

Why here: To track profitability, you must categorize the costs themselves. Cost elements define the nature of costs flowing into cost accounting. Without them, you cannot analyze what is being spent.

Position 3 → Cost Object

Purpose: Defines what the cost is attributed to - the "who" or "what" accumulates cost.

Why here: The requirement is to track by cost center. In D365 Cost Accounting, cost centers are configured as cost object dimensions - not as standalone "cost centers." The Cost Control Workspace surfaces costs aggregated against cost objects.

Common Mistakes

Mistake	Why It's Wrong
Selecting "Cost center" directly	"Cost center" is an available item but is a distractor. In Cost Accounting, cost centers are represented through cost object dimensions, not as a separate configuration type.
Confusing cost element with cost object	Cost element = the nature of the cost (what). Cost object = the target of the cost (where/who).
Skipping statistical dimension	Many candidates overlook this - it's required to measure quantities/allocations for a new product that may not yet have full GL history.

Summary

Position	Answer	Role
1	Statistical dimension	Measures non-monetary product data
2	Cost element	Classifies cost types from GL
3	Cost object	Represents cost centers as cost targets

Topics

#cost accounting#cost object#cost center#cost control workspace

Community Discussion

No community discussion yet for this question.

Full MB-310 Practice