[Anonymous]

1. Ok so its an internal position but the position requires supervision of an intern. I checked on the employee directory and there are currently 2 interns in that division. Will one of them probable end up getting the job and they’re just interviewing me because they have to?

2. Can someone please explain to me what standard cost development is? I feel like I did it before but it was called something at my old job

3. here is the job description, can someone please give me advise as to what i should prepare for? I’m entry level

Thank you

This position is responsible for the oversight of all Paint GOM product costing. The primary functions include the maintenance of various cost detail databases to ensure division standard cost integrity in AOM and QAD, developing Paint quotes and new product costs, assisting in the annual standard cost development for both raw materials and GOM finished goods, review and analysis of operational variances, and development and maintenance of financial controls to ensure integrity of financials and product costs. Month-End close responsibilities include transfer price related adjustments, finished good revaluation analysis, and assisting other members of the Supply Chain Accounting group where necessary. This position supervises one CO-OP

[Anonymous]

1) Only the company knows the answer to that for sure; however, the fact that they are taking the time to interview you doesn't support this.

2) Standard Cost Development would be developing the standard costs of the products/materials/whatever that are used in a standard cost system (think material, usage, and productivity variances).

3) I've never heard those acronyms before. The only advice I can offer would be to brush up on your standard costing, variance analysis, and cost of goods manufactured.

[Anonymous]

what are the usual steps to developing a standard cost

[Anonymous]

ANOTHER72-

You should probably consult a cost accounting textbook. My guess is that it's based on historical, adjusted-historical (i.e. historical plus inflation), or anticipated cost; however, it's just that- my best guess.

[How many letters do you need]

There is not enough space to cover all the steps required to build a standard cost. You should do some research on your own, but really the specific standard costing process varies by industry and product produced. Being entry level they probably wont expect you to know everything about standard costing, but you should know the compnents and then think through how those components apply to your company and industry. Know what a BOM (Bill of materials) and a routing is. Overhead is very important ask them how they allocate it but understand the topic in general before you walk in the door. How much of the job is standard variance analysis, when is their standard cost budgeting season…those are all things an experienced cost accountant would ask. Since you have no experience they can't probe your knowledge, the next best thing is assessing your questions. The better your questions the better your chances of beating out an intern that has been doing work in the area. Just be sure you have a general understanding of the topic or they will ask a follow up question and you will look like a deer in headlights…

MBA,CMA,CPA, CFF?, ABV?

[Anonymous]

Ok so I did job cost for a real estate company where I would keep track of maintaince and buildout costs how can I relate that to this since this is manufacturing and that was service

[Author]

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