30+ Costing Engineer Interview Questions and Answers

The manufacturing operation process depends on the type of product being manufactured.

• The process can involve various stages such as design, raw material procurement, production, quality control, and packaging.

• The type of manufacturing process can be batch production, continuous production, or job production.

• Examples of manufacturing processes include injection molding, casting, machining, and assembly.

• The process can also involve automation and robotics to increase efficienc...read more

Yes, I can read drawings and have knowledge of GD&T.

• GD&T stands for Geometric Dimensioning and Tolerancing.

• It is a system used to define and communicate engineering tolerances.

• GD&T uses symbols and annotations to specify the allowable variation in form, orientation, and location of features on a part.

• It is important for ensuring that parts are manufactured to the correct specifications and fit together properly.

• Examples of GD&T symbols include concentricity, perpendicularity,...read more

DOL stands for Direct-On-Line and is a type of motor starter. Star delta starter is another type of motor starter used for induction motors.

• DOL is a simple and commonly used method of starting induction motors directly from the power supply.

• It provides full voltage to the motor during starting, which can cause high starting current and mechanical stress.

• Star delta starter, on the other hand, reduces the starting current and mechanical stress by initially connecting the motor ...read more

The formula for calculating the bending load in a press machine is based on the material's modulus of elasticity, moment of inertia, and the distance from the neutral axis.

• The bending load can be calculated using the formula: M = (E * I) / c

• M is the bending moment, E is the modulus of elasticity, I is the moment of inertia, and c is the distance from the neutral axis.

• The modulus of elasticity represents the material's ability to resist deformation under an applied load.

• The mo...read more

The process for cost estimation of the eccentric shaft involves analyzing material costs, manufacturing processes, labor costs, overhead expenses, and profit margins.

• Gather information on the material cost of the eccentric shaft, including the type of material used and its price per unit.

• Consider the manufacturing processes involved in producing the eccentric shaft, such as machining, forging, or casting, and estimate the associated costs.

• Calculate the labor costs by determin...read more

The cycle time for boring operation depends on various factors such as material, tooling, and machine capabilities.

• Cycle time can be calculated using the formula: Cycle time = (60 x cutting length) / (cutting speed x number of cutting edges)

• Factors affecting cycle time include material hardness, tool wear, and machine rigidity.

• Optimizing cutting parameters and tool selection can reduce cycle time and improve efficiency.

Surface treatment refers to the process of altering the surface of a material to improve its properties or appearance.

• Surface treatment involves applying a coating, plating, or other treatment to the surface of a material.

• Common surface treatment methods include painting, anodizing, electroplating, and powder coating.

• Surface treatment can improve properties such as corrosion resistance, wear resistance, and aesthetics.

• Examples of surface treatment include chrome plating on au...read more

The formula for gross weight is the sum of the weight of an object and the weight of any additional components or cargo.

• Gross weight = Weight of object + Weight of additional components or cargo

• The formula is used to calculate the total weight of an object, including any added weight

• For example, in the automotive industry, the gross weight of a vehicle would include the weight of the vehicle itself plus the weight of passengers and cargo

Costing refers to the process of estimating and calculating the expenses involved in producing a product or providing a service.

• Costing involves analyzing all the costs associated with a product or service, including materials, labor, overhead, and other expenses.

• It helps in determining the selling price of a product or service by adding a markup to the total cost.

• Costing also involves cost control measures to ensure that expenses are kept within budget and profitability is m...read more

Prime cost is the direct cost of materials and labor required to produce a product. Overhead costs include indirect expenses.

• Prime cost includes the cost of raw materials and direct labor.

• It does not include indirect expenses like rent, utilities, or administrative costs.

• Types of overhead costs include factory overhead, administrative overhead, and selling and distribution overhead.

• Factory overhead includes expenses like factory rent, utilities, and maintenance.

• Administrative...read more

Elements of cost refer to the various components that contribute to the total cost of a product or service.

• Direct materials: The cost of raw materials used in production.

• Direct labor: The cost of labor directly involved in the production process.

• Overhead: Indirect costs such as rent, utilities, and depreciation.

• Indirect materials: The cost of materials indirectly used in production, like lubricants or cleaning supplies.

• Indirect labor: The cost of labor indirectly involved in ...read more

Progressive tools are dies that perform multiple operations on a single press stroke.

• Progressive tools are used in metal stamping to create complex parts with high precision.

• They consist of a series of stations, each performing a different operation on the material.

• The material is fed through the tool and each station adds a new feature to the part.

• Examples of parts made with progressive tools include brackets, clips, and electrical contacts.

A costing template process involves gathering cost data, analyzing expenses, and creating a structured format for cost estimation.

• Gather all relevant cost data including materials, labor, overhead, and other expenses

• Analyze the cost data to determine the cost drivers and factors affecting the overall cost

• Create a structured template with sections for each cost component and formulas for calculation

• Include provisions for future cost updates and adjustments based on changes in ...read more

VCB stands for Vacuum Circuit Breaker.

• VCB is an electrical switch that uses vacuum as the arc quenching medium.

• It is used to protect electrical equipment from short circuits and overloads.

• VCBs are commonly used in power distribution systems and industrial applications.

• They offer faster and more reliable operation compared to traditional circuit breakers.

• Examples of VCB manufacturers include ABB, Siemens, and Schneider Electric.

The current Rm rate refers to the rate of raw materials used in production.

• The current Rm rate is the cost of raw materials per unit of production.

• It is important for costing engineers to monitor and analyze the Rm rate to ensure profitability.

• Factors such as market prices, supplier costs, and exchange rates can impact the Rm rate.

• For example, if the current Rm rate for steel is $2 per pound, and a product requires 10 pounds of steel, the Rm cost would be $20.

MCCB stands for Molded Case Circuit Breaker. It is an electrical protection device used to protect electrical circuits from overloads and short circuits.

• MCCB is a type of circuit breaker that is enclosed in a molded case made of insulating material.

• It is designed to provide protection against overcurrents, such as overloads and short circuits.

• MCCBs are commonly used in industrial and commercial applications to protect electrical equipment and systems.

• They have adjustable trip...read more

Yes, I can do bottom up costing by breaking down the cost of each individual component or process involved in a project.

• Break down the cost of each individual component or process involved in a project

• Calculate the cost of materials, labor, overhead, and any other expenses for each component

• Sum up the costs of all components to get the total project cost

• Use this detailed costing to make informed decisions and optimize project budgets

Material grades refer to the specific quality and composition of materials used in manufacturing processes.

• Material grades can vary based on the type of material being used, such as steel, aluminum, plastic, etc.

• Each material grade has specific properties and characteristics that make it suitable for certain applications.

• Examples of material grades include AISI 304 stainless steel, 6061-T6 aluminum, and ABS plastic.

• Material grades are often designated by a numerical or alphan...read more

The cost pattern in paper refers to the analysis and identification of cost factors and trends in the paper manufacturing process.

• Identify the cost drivers in paper production such as raw materials, labor, energy, and equipment.

• Analyze the cost structure and allocation methods used in the paper manufacturing industry.

• Examine the impact of economies of scale and production volume on cost patterns.

• Consider the influence of market demand, competition, and pricing strategies on c...read more

MHR stands for Maximum Heart Rate, which is the highest heart rate a person can achieve during exercise.

• MHR is typically calculated using the formula: 220 - age

• For example, the MHR for a 30-year-old person would be 190 beats per minute (220 - 30)

• MHR is used to determine target heart rate zones for exercise intensity

Cost breakup strategy involves analyzing and categorizing all costs associated with a project or product.

• Identify all direct and indirect costs related to the project or product

• Categorize costs into materials, labor, overhead, and other expenses

• Analyze cost drivers to understand the factors influencing costs

• Allocate costs based on activity-based costing or other methods

• Regularly review and update cost breakdown to ensure accuracy and efficiency

BBS in MT stands for Base Band Subsystem in Mobile Telecommunications.

• BBS in MT is responsible for managing the physical layer of the mobile network.

• It includes functions such as modulation, coding, and transmission of data.

• Examples of BBS in MT components include transceivers, antennas, and baseband processors.

Steel in metric tons (MT) refers to the weight of steel measured in metric tons.

• Steel in metric tons (MT) is a common unit of measurement used in the steel industry.

• 1 metric ton is equal to 1,000 kilograms or approximately 2,204.62 pounds.

• For example, if a shipment of steel weighs 50 metric tons, it means the weight of the steel is 50,000 kilograms.

Fabrication of LV panel involves assembling low voltage electrical components into a panel for distribution and control.

• Fabrication process includes cutting, drilling, bending, and assembling metal sheets for the panel enclosure.

• Wiring and connecting electrical components such as circuit breakers, relays, and meters inside the panel.

• Testing the panel for functionality and safety before installation.

• Examples of LV panel components: circuit breakers, contactors, busbars, meters...read more

I expect this company to provide a challenging work environment, opportunities for growth, and a supportive team.

• Opportunities for professional development and advancement

• A collaborative and supportive team culture

• Challenging projects that allow me to utilize my skills and knowledge effectively

Costing of LV Panel involves calculating the total cost of materials, labor, overhead, and profit margin for manufacturing low voltage electrical panels.

• Calculate the cost of raw materials required for the LV panel

• Estimate the labor cost involved in assembling the panel

• Factor in overhead costs such as utilities, rent, and equipment depreciation

• Include a profit margin to determine the final selling price

• Consider any additional costs like shipping or packaging materials

The question is asking about different parts.

• Identify the different parts being referred to in the question

• Analyze the relationship between the different parts

• Provide examples of how the different parts interact or function together