A cost accounting manager job is a position that typically requires a four-year degree in accounting along with five or more years' experience in the accounting field. Cost accountants are typically hired in manufacturing businesses, and their main purpose is to track all costs related to manufacturing a product.
A cost accounting manager's primary purpose is supervising all accounting staff below him. The manager delegates duties to accounting staff and makes certain they are doing their jobs accurately and in a timely manner. The cost accounting manager is responsible for all accounting employees under him, and the number of employees depends on the size of the company.
Cost Control Procedures
A cost accounting manager is in charge of cost control methods and procedures for the company. This requires analyzing raw products used, all variable costs, overhead costs, labor and any other types of costs involved with manufacturing a product. A responsibility of the cost accounting manager is finding the best raw products to use at the lowest prices without sacrificing the integrity of the end product. The cost accounting manager also supervises all costs and finds the best ways to make the product in the most efficient way possible.
Cost accounting managers are also responsible for compiling product cost statements. This requires a lot of research and work determining product costs. A break-even analysis is done frequently with products and their costs to determine the most efficient quantity made of an item at the most efficient cost. Often, using a break-even analysis a company finds that by producing a certain amount more or less of an item makes a huge difference in the cost of production of an item.
Another aspect of a cost accounting manager's job is evaluating variable and overhead costs. This part of the job requires the manager to work closely with a budget. Budgeting is a key aspect to this job position. The manager is responsible for creating a budget and sticking to it. Often, this requires evaluating all costs incurred through production, finding ways to reduce costs, and effectively producing a quality project at the best cost possible.
A cost accounting manager on average in the United States expects to make between $58,000 to $90,000 per year, as of 2010. The variation is caused by industry, location and number of years' experience. Top-paying cost accounting managers are people with typically 10 or more years' experience in the cost accounting field.
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