Senior Cost Engineer
Senior Cost Engineer Interview Questions and Answers
Q1. Product costing procedure with any example.
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
Q2. Explain the Casting and Forging Machining process flow
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
Q3. Cost structure for global
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
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