Cost Accounting Interview Questions & Answers

Below we have listed all the Cost Accounting Interview Questions and answers. Feel free to comment on any Cost Accounting Interview Questions or answer by the comment feature available on the page.

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Cost accounting is a process of collecting, recording, classifying, analyzing, summarizing, allocating and evaluating various alternative courses of action & control of costs. Its goal is to advise the management on the most appropriate course of action based on the cost efficiency and capability. Cost accounting is a type of accounting process that aims to capture a company's costs of production by assessing the input costs of each step of production as well as fixed costs such as depreciation of capital equipment.