Determine fixed costs (e.g., salaries, rent, and insurance) in addition to planning and recording variable costs (e.g., purchases of raw material and operations costs).
Review standard and actual costs for inaccuracies.
Analyze and report profit margins.
Assist in month-end and year-end closing.
Identify and recommend cost-effective solutions and cost-savings
Develop and maintain the cost accounting system, documents, and records of the organization.
Prepare and complete internal cost audits.
Comply with Generally Accepted Accounting Principles (GAAP) for financial statements.
Analyze any changes in goods or services provided in order to determine what effect it has on the cost.
Analyze manufacturing costs and prepare regular reports comparing standard costs to actual production costs.
Make estimates of new and proposed product costs.
Reviews daily manufacturing accounting entries.
Reviews cost and variance trends; researches significant variations and recommends appropriate responses.
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