Job Description
Principal Responsibilities
Standard Cost Setting: Establish standard costs for materials, labor, and overhead based on historical data, industry benchmarks, and other relevant factors.
Variance Analysis: Monitor and analyze the differences (variances) between standard costs and actual costs incurred during production. Investigate and explain significant variances to management.
Budgeting and Forecasting: Assist in the development of budgets and forecasts mainly focus on overhead by providing input on cost-related factors. Monitor actual performance against budgeted targets and provide explanations for any deviations.
Inventory Control: Implement and maintain inventory control procedures to ensure accurate recording of inventory levels and valuation in accordance with standard costs.
Cost Reporting: Prepare regular cost reports and performance metrics to track key cost drivers and identify are...