Category Archives: Cost Accounting Interview Questions

Tell me about your experience in cost accounting? | Cost Accounting Questions

Referring any books or questions wont give any experience, here experience, i think means, the level or the grade of Cost A/C works done etc.

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What is the difference between Expenses and Expenditure? | Cost Accounting Questions

The difference between expenses and expenditure. Expense is the outflow from a profit oriented organization while expenditure is the outflow from non-profit organization.

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Explain some of the methods used to allocate support costs? | Cost Accounting Questions

Headcount or number of pc’s per cost center.

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What is the marginal cost? | Cost Accounting Questions

Marginal Cost (MC): The marginal cost of an additional unit of output is the cost of the additional inputs needed to produce that output. More formally, the marginal cost is the derivative of total production costs with respect to the … Continue reading

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Explain the information about cost sheets? | Cost Accounting Questions

Cost sheet consists of the direct and indirect expenses incurred in producing a given product and classifying the expenses incurred according to office, administration, selling and distribution overheads.

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What is CMM? | Cost Accounting Questions

CMM is an internationally recognized standard for measuring the maturity of an organization’s software development processes and has become the primary benchmark multinational corporations use to judge IT service providers ‘ abilities to deliver high quality software. Bleum is now … Continue reading

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What is CMMI? | Cost Accounting Questions

Capability Maturity Model Integration (CMMI) is a process improvement approach that provides organizations with the essential elements of effective processes. It can be used to guide process improvement across a project, a division, or an entire organization. CMMI helps integrate … Continue reading

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What is chargeback? | Cost Accounting Questions

A process in the industry where a wholesaler requests an amount that is the difference between the manufacturer’s price to the wholesaler and the contract price to the resale customer. The actual chargeback occurs when the wholesaler sells the manufacturer’s … Continue reading

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What are fixed costs? | Cost Accounting Questions

The costs that are fixed irrespective of production are fixed costs. EX: Rent, Depreciation Fix cost is those cost who not change in any time whether the production done or not it similar charge in every organization ex- salary of … Continue reading

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What is the difference between cost accounting and financial accounting? | Cost Accounting Questions

One of the basic differences cost accounting is helpfully in controlling the cost of production whereas financial accounting is concerned is helpfully in determining financial position of a concern.

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