Kindly furnish me with the roles of a cost accountant in any manufacturing company
Cost accountant determines the per unit cost of product and guides the management of manufacturing firm about the cost of the product and helps them to set the prices of product according to cost of product rather arbitrary pricing also helps the managment to achieve their target profit effeciently and also guides the governament about the pricing of products so that governaments can maintain prices of products which is in most benifit of the people as a whole.
business accounting
what is the cost accounting system used by a contract manufacturing a number of identical units for multiple customers
yes
A cost accountant plays a big role in the accounting process of a business. Some of the job duties include data collection, inventory, analysis, and other basic accounting procedures.
cost accounting plays very important role in manufacturing organisation.unless cost accounting system one can't get the cost of the product appropriately.Many organisations fix their selling price based on the cost information.Not only in ascertaining cost of the product it can be used as measurement for their performance
Cost accountant determines the per unit cost of product and guides the management of manufacturing firm about the cost of the product and helps them to set the prices of product according to cost of product rather arbitrary pricing also helps the managment to achieve their target profit effeciently and also guides the governament about the pricing of products so that governaments can maintain prices of products which is in most benifit of the people as a whole.
business accounting
The role of the accountant (private) is to record the financial activities of an enterprise and to cost the goods and services that a company provides. Public accountants audit the assertions that an enterprise makes on its financial statements and issues an opinion on the same.
what is the cost accounting system used by a contract manufacturing a number of identical units for multiple customers
Purchase cost is the cost of inventory in case of manufacturing company and cost or goods for resale purpose in case of merchandising company.
yes
A cost accountant plays a big role in the accounting process of a business. Some of the job duties include data collection, inventory, analysis, and other basic accounting procedures.
cost accounting plays very important role in manufacturing organisation.unless cost accounting system one can't get the cost of the product appropriately.Many organisations fix their selling price based on the cost information.Not only in ascertaining cost of the product it can be used as measurement for their performance
How to prepare
Improve the Production efficiency and save the cost to company
Product cost