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Accounting 2: Cost Terms, Cost Behavior, Cost Systems. Assignment: In order to interview a manufacturing company;...

Accounting 2: Cost Terms, Cost Behavior, Cost Systems.

Assignment: In order to interview a manufacturing company; what 8 in depth questions would you ask using the topic: budgeting process.

Ex. How they do their accounting for inventory?
Plz be detailed
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Answer #1

The following 8 in depth questions may be asked for interviewing a manufacturing company:

1. How does the company identify a vendor and what are the key criterias a vendor must fulfill. What are the quality checks on the customer?

2. How does the company get an in depth detail of their customer schedule?

3. On what basis of inventory does the company do? Is it the Just-in-time (JIT) or any other.

4. How is the production process defined?

5. How the inventory of the company is valued?

6. What are the after sales services provided by the company. Is any warranty provided to the customer?

7. How does the company account for provision for slow moving inventory.

8. How does the company account for the taxes on the purchase and sale processes.

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