Cost Accountant Intermediate

Description

Analyzes cost records to ascertain distribution of costs for various divisions of management and production. Classifies labor, material and overhead costs to compute the unit cost of product or service. Records cost data for use by management in controlling expenditures. Conducts and analyzes audits of costs and prepares reports. Determines and installs cost accounting methods and procedures. Analyzes actual costs versus standard costs and prepares reports of variances. Computes cost value of work in process for inventory purposes. Compiles cost data for preparation of operating budgets. Prepares estimates of new or proposed product costs. Instructs or assigns work to cost clerks, accounting clerks and other employees engaged in cost or general accounting activities. 2 - 5 years of professional experience. Knows and applies the fundamental concepts, practices and procedures of particular field of specialization. Under supervision, performs work that is varied and that may be somewhat difficult in character. Some evaluation, originality or ingenuity is required. Labor market typical education and experience: Employees in this classification are required to have a minimum of a Bachelor's degree in a recognized field of science or learning which is directly related to the duties of the position. Employees typically analyze, compare and evaluate various courses of action and have the authority to make independent decisions on matters of significance, free from immediate direction, within the scope of their responsibilities. Primary activities and decision making authority are predominantly performed independently affecting business operations to a substantial degree. Under FLSA, this is the exempt job classification for this title. Incumbents in this position must meet the full criteria for exempt status: salary level, salary basis, and duties tests.