Senior Cost Engineer

Senior Cost Engineer Interview Questions and Answers

Updated 23 Oct 2024
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Q1. Product costing procedure with any example.

Ans.

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

Ans.

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

Ans.

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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