Senior Cost Engineer Interview Questions and Answers

Product costing procedure involves determining the total cost of producing a product.

• Identify all the direct and indirect costs associated with producing the product.

• Allocate the costs to the product based on a predetermined cost driver.

• Calculate the total cost of producing the product by summing up all the allocated costs.

• Example: A company manufacturing bicycles would identify direct costs such as materials and labor, and indirect costs such as rent and utilities.

• The cost d...read more

Casting and forging machining process flow involves several steps to transform raw materials into finished products.

• Casting process: molten metal is poured into a mold and allowed to solidify

• Forging process: metal is heated and shaped by applying compressive force

• Machining process: removing excess material to achieve desired shape and dimensions

• Common machining techniques include turning, milling, drilling, and grinding

• Final steps involve inspection, finishing, and quality co...read more

Cost structure for global operations involves analyzing expenses across different regions and markets.

• Consider currency exchange rates when comparing costs in different countries

• Analyze labor costs, material costs, transportation costs, and overhead costs in each region

• Take into account regulatory compliance costs and taxes in different countries

• Evaluate the impact of tariffs and trade agreements on costs for global operations