SCM Coordinator Interview Questions and Answers

Types of cost accounting include job costing, process costing, activity-based costing, and standard costing.

• Job costing: Costs are assigned to a specific job or project.

• Process costing: Costs are averaged over a large number of similar products.

• Activity-based costing: Costs are assigned based on activities that drive costs.

• Standard costing: Costs are predetermined based on standard rates and quantities.

The standard deduction amount varies depending on the individual's filing status and other factors.

• The standard deduction for single filers is $12,550 for the tax year 2021.

• For married couples filing jointly, the standard deduction is $25,100 for 2021.

• Additional standard deduction amounts may apply for individuals who are blind or over the age of 65.

• The standard deduction may be adjusted annually by the IRS.

• Consult the IRS website or a tax professional for the most up-to-date...read more

A pivot table is a data summarization tool used in spreadsheet programs to organize and analyze large amounts of data.

• A pivot table allows users to rearrange and summarize data from a spreadsheet or database.

• It provides a way to group and aggregate data based on different criteria.

• Users can easily create customized reports and perform data analysis using pivot tables.

• Pivot tables are commonly used in data analysis, business intelligence, and reporting.

• For example, a sales tea...read more

Vlookup is a function in Excel used to search for a value in the leftmost column of a table and return a corresponding value from another column.

• Vlookup stands for vertical lookup.

• It is commonly used for data analysis and manipulation in Excel.

• The function requires four parameters: lookup value, table array, column index number, and range lookup.

• It is useful for finding specific information in large datasets.

• Example: =VLOOKUP(A2, B2:D10, 3, FALSE) will search for the value in...read more