Interview Questions # 1

I am planning to post here some of the interview questions which I had faced from Consulting Partners, Clients. I hope this will be helpful for the beginners in COPC to have a feel of what kind of skills exactly the market is waiting for J.. See below

1. What is the relation between routing and BOM and where do you relate them.?

2. How do you get overheads into your standard cost estimates?

3. In std cost estimate, how do you bring values from PP?

4. What is a Price variant?

5. How many costing variants you have created and why?

6. Tell us the BOM structure and what are its functions?

7. How do you cost a lot in middle of production process?

8. What is an activity type and how it is useful in Product Costing?

9. What are the different allocation cycles you worked on, and what are the difference between the three main allocation cycles?

10.What is a material ledger and tell me something about that?

11.Have you worked on Scrap values? How do you facilitate scrap for materials in Production?

12.What are the period end closing activities in Product Costing?

13.Why you need production order settlement?

14.What are the uses of Production Variances?