If a client needs to track costs for manufacturing overhead using Quick Setup, what should be done?

Completing Quick Setup and then creating the user-defined cost using the Manage Cost Component task is the appropriate approach for tracking manufacturing overhead costs. This method allows you to first establish the baseline configurations through Quick Setup, which is integral to the setup of cost management in Oracle Cloud.

Once the Quick Setup is done, utilizing the Manage Cost Component task enables you to define how costs, including overhead, are accounted for. This task provides the flexibility to customize cost structure according to the specific requirements of the manufacturing process. You can create user-defined components that directly relate to the manufacturing overhead, ensuring accurate tracking and management of those costs within your broader financial system.

Moreover, while utilizing default overhead values might simplify initial setups, it may not provide the level of detail or specificity required for an accurate representation of your unique manufacturing environment. Creating a report detailing overhead costs or outsourcing this function may not offer the control and integration required for effective cost management. Hence, configuring costs through the proper tasks ensures alignment with organizational needs and improves the accuracy of cost tracking and reporting.