JK Tyres Accounts Officer Interview Questions and Answers for Experienced

I want to join Michelin because of its reputation for excellence and innovation in the automotive industry.

• Michelin is a global leader in the automotive industry, known for its high-quality products and cutting-edge technology.

• I am impressed by Michelin's commitment to sustainability and its efforts to develop eco-friendly tires.

• The company's strong focus on research and development aligns with my passion for innovatio...read more

I have the necessary skills, experience, and leadership qualities to excel in the role of Deputy Manager.

• I have a proven track record of successfully managing teams and achieving targets.

• I possess strong communication and interpersonal skills, which enable me to effectively collaborate with colleagues and stakeholders.

• I am highly organized and detail-oriented, ensuring efficient operations and problem-solving.

• I am adep...read more

Variable and fixed costs are calculated to understand the cost structure of a business and make informed decisions regarding pricing, production, and profitability.

• Variable costs fluctuate with the level of production or sales, such as raw materials or labor costs.

• Fixed costs remain constant regardless of production levels, like rent or salaries.

• Calculating these costs helps in determining break-even points, setting pr...read more

Inventory valuation methods include FIFO, LIFO, weighted average, and specific identification.

• FIFO (First In, First Out) - assumes that the oldest inventory items are sold first

• LIFO (Last In, First Out) - assumes that the newest inventory items are sold first

• Weighted Average - calculates the average cost of inventory items based on their total cost and total units

• Specific Identification - assigns the actual cost of eac...read more

Process costing is a method of costing used to determine the cost of producing a product in a continuous production process.

• Process costing is used in industries where products are mass-produced on a continuous basis.

• It involves averaging the costs of production over all units produced during a specific period.

• Costs are allocated to each unit based on the average cost of production.

• Examples include industries like food...read more

Variance analysis is a technique used to identify and analyze the difference between planned and actual performance.

• Variance analysis helps in understanding the reasons for deviations from expected outcomes.

• Material Usage variance is calculated by subtracting the actual quantity of materials used from the standard quantity, and then multiplying the result by the standard price per unit.

• Formula: Material Usage Variance ...read more