COSTING INTERVIEW
This query is : Resolved
29 September 2010
DEAR ALL
IF COST ACCOUNTANT NATURE OF JOB IN MANUFACTURING COMPANY?...
COSTING INTERVIEW QUESTION AND ANSWER?...
ACCOUNTS INTERVIEW QUESTION AND ANSWER?..
ANY PROCEDURE FOR TELL ABOUT YOUR SELF QUESTION ON INTERVIEW?...
WITH THANKS
K A K
IF COST ACCOUNTANT NATURE OF JOB IN MANUFACTURING COMPANY?...
COSTING INTERVIEW QUESTION AND ANSWER?...
ACCOUNTS INTERVIEW QUESTION AND ANSWER?..
ANY PROCEDURE FOR TELL ABOUT YOUR SELF QUESTION ON INTERVIEW?...
WITH THANKS
K A K
30 September 2010
Hi,
Baiscially questions will be asked based on the area of industry to which you are attending interview for. In manufacturing industry itself there are many segments and first before going for interview, just spend some time on looking at company profile (through net if website available or try to view some similar company profile).You will become familiar with the process, techniques, cost centers and different cost units which will normally exisit in such industry. Then yoo need to prepare yourself in areas of - Inventory management, stock systems (registers,bincard,audit etc),process techniqes, cost analysis - man hour rates,machine hour rate,production budgets,labour invovled,purchase and conversion of rawmaterials in to finished goods etc. Basically they will not look in to your theoritical aspects they will give u real time senario and you should be able to convince them with a proper answer. You need to relate theory to practical problem. Costing person role in an firm is to manage,control and reduce cost so be prepared in these areas.
regards,
CMA kaushik
Baiscially questions will be asked based on the area of industry to which you are attending interview for. In manufacturing industry itself there are many segments and first before going for interview, just spend some time on looking at company profile (through net if website available or try to view some similar company profile).You will become familiar with the process, techniques, cost centers and different cost units which will normally exisit in such industry. Then yoo need to prepare yourself in areas of - Inventory management, stock systems (registers,bincard,audit etc),process techniqes, cost analysis - man hour rates,machine hour rate,production budgets,labour invovled,purchase and conversion of rawmaterials in to finished goods etc. Basically they will not look in to your theoritical aspects they will give u real time senario and you should be able to convince them with a proper answer. You need to relate theory to practical problem. Costing person role in an firm is to manage,control and reduce cost so be prepared in these areas.
regards,
CMA kaushik
30 September 2010
Dear sir,
what is a difference between labour hour rate and machine hour rate with some of example.
with thanks
K A K
what is a difference between labour hour rate and machine hour rate with some of example.
with thanks
K A K
01 October 2010
Hi,
When the total factory overheads is expressed in terms of total labour hours required to complete the task, it is called as labour rate. It is expressed as (Total Factory Overheads divided by Total Labour hours). In simple it shows the percent of labour rate absorbed per hour in the total overheads.
When the total factory overheads is expressed in terms of total machine hours (number of hours machine is put to use in order to complete the given task) it is termed as machine hour rate. It is expressed as- Total Factory Overheads divided by total machine hours. One point. to be kept in mind here is that while caluclating total machine cost we need to consider all the cost which is incurred to brining the machine to operating conditions and also should make necessary provision for depreciation after considering scrap value.
So, accordingly while selecting the system of machine hour or labour rate you need to know the investment patter. If it is a capital intensive industry then machine hour rate method is more appropriate and if is a labour intensive industry then labour rate method is more appropriate.
Hope, this is clear.
regars,
Kaushik
When the total factory overheads is expressed in terms of total labour hours required to complete the task, it is called as labour rate. It is expressed as (Total Factory Overheads divided by Total Labour hours). In simple it shows the percent of labour rate absorbed per hour in the total overheads.
When the total factory overheads is expressed in terms of total machine hours (number of hours machine is put to use in order to complete the given task) it is termed as machine hour rate. It is expressed as- Total Factory Overheads divided by total machine hours. One point. to be kept in mind here is that while caluclating total machine cost we need to consider all the cost which is incurred to brining the machine to operating conditions and also should make necessary provision for depreciation after considering scrap value.
So, accordingly while selecting the system of machine hour or labour rate you need to know the investment patter. If it is a capital intensive industry then machine hour rate method is more appropriate and if is a labour intensive industry then labour rate method is more appropriate.
Hope, this is clear.
regars,
Kaushik
02 October 2010
Dear sir,
Please give some of example for calculating machine hour rate and labour hour.
Machine hour rate inclusive of which are expenses.
with thanks
K Arunkumar
Please give some of example for calculating machine hour rate and labour hour.
Machine hour rate inclusive of which are expenses.
with thanks
K Arunkumar
02 October 2010
Dear sir,
as per AS-2 inventory valuation what are the Technic using.
Sir,
Costing Opportunity in India which Place is best, kindly advise, because am looking a costing based job. Now am in Tamilnadu.
with thanks
K.Arunkumar
as per AS-2 inventory valuation what are the Technic using.
Sir,
Costing Opportunity in India which Place is best, kindly advise, because am looking a costing based job. Now am in Tamilnadu.
with thanks
K.Arunkumar
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