Question

Cost accountants in the manufacturing plant is a a. Line position b. Staff position C. Line & Staff position d. Cannot say

Answer 1

Option D Cannot say. Cost Accountant in a manufacturig plant may be a line position or staff position also or it can be both also.A Cost Accountant is responsible for the reduction of a company’s financial waste and increasing profits. Duties include determining actual costs of manufacturing or providing a service, scrutinizing associated company expenses, analyzing profitability and preparing the company budget. To effectively achieve financial objectives, Cost Accountants are required to work closely with management.

So, here it is found that a cost accountant has to work as staff member to prepare company budget, cost statements,work with management, etc. on the other hand cost account is the part of manufacturing department to assist the cost reduction techniques. a cost accountant may perform any one of the task or both also.

Answer 2

Option b.

Cost accountant aids the manufacturing dept. and the Management in ascertaining product costs, areas of and actions needed for reduction of costs mainly besides some other activities of budgeting etc. It is usually a staff position.