Cost Accounting Test to Assess and Hire Cost Accountant

Cost Accounting Knowledge Test

Candidates Assessed

19465+

Organisations Served

122+

iMocha’s cost accounting knowledge test enables recruiters and hiring managers to hire job-fit candidate within a short period & take unbiased hiring decision. Our test is useful for hiring Cost Accountant, Cost Accounting Manager, and Cost Analyst. This cost accounting knowledge test reduces time-to-hire by 45%.

Test Summary

The Cost Accounting test helps to screen the candidates who possess below traits:

Ability to handle sensitive information in a confidential and responsible way
Knowledge of forecasting work in each quarter
Knowledge of Profit Centre Accounting
Knowledge of Budget, Product costing, and validation
Good knowledge of Microsoft Office

The cost accounts knowledge test ensures that the new hires will thee a right fit for the position. The process of hiring such candidates will be done through our screening tests which are automated and will provide you with detail analytical reports of each appeared candidate. Our score reports will help you to measure the accounting skills, critical thinking skills, and problem-solving skills by making your recruitment process easy with an efficient budget.

The cost accounting test may contain MCQs (Multiple Choice Questions), MAQs (Multiple Answer Questions), Fill in the Blanks, Whiteboard Questions, Audio/Video Questions, LogicBox (AI-based essay evaluation), Job-based Simulations, True or False Questions, etc.

The cost accounting test contains a combination of application and theory questions that help you to evaluate the application as well as the practical skills of candidates.

Test Duration: 30 minutes

No. of Questions: 30

Level of Expertise: Entry/Mid/Expert

Useful for hiring

Cost Accountant
Cost Accounting Manager
Cost Analyst

Topics Covered

Job Costing

iMocha’s cost accounting test helps recruiters and hiring managers to assess candidate’s knowledge about job costing method which refers to minimize materials cost, labor cost, and overall project cost

Cost Behavior

Our test evaluates candidate’s understanding about cost behavior analysis which indicates how operating cost changes in relation to a change in some activity

Direct and Indirect Costs

This test assesses candidate’s understanding about direct cost which is also known as business expenses such as direct labor, direct materials, and manufacturing supplies cost and indirect costs are overhead expenses such as rent and utilities, salaries etc.

Cost of Goods Manufactured

Our basic accounting knowledge test helps recruiters to evaluate candidate’s knowledge about goods manufacturing cost in total after production of specific goods

Cost of Goods Sold

This test evaluates candidate’s understanding about cost of goods sold which is direct cost of producing the goods sold by a company

Process Costing

Our test assesses candidate’s knowledge about process costing which is the tracking process which tracks number of units passing through the production process during a given period

Cost Systems

This accounting knowledge test evaluates candidate’s understanding about costing system which estimates cost of a product

Break-Even Analysis

Our test assesses candidate’s understanding about break-even point analysis, where total cost and total revenue are equal means of no loss or gain for a business

CVP Analysis

This test helps recruiters to assess candidate’s understanding about Cost-Volume-Profit (CVP) analysis by which changes in variable and fixed costs that affect a business’s profit are analyzed

Contribution Margin

This test evaluates candidate’s ability to calculate contribution margin which measures profitability of individual products

Cost Allocation

Our accounts knowledge test helps employers to evaluate candidate’s proficiency in cost allocation for products

Activity Based Costing

This test helps in assessment of candidate’s understanding about Activity Based Costing (ABC) method to allocate more precise overhead cost by assigning them to activities

Pricing Decisions

Pricing decisions are the choices that businesses allocate pricing to the products or services

Job Orders

iMocha’s cost accounting test evaluates candidate’s knowledge about job orders production which is process of manufacturing custom or unique products for a customer on requirement

Sample Questions

Choose from our 100,000+ question library or add your own questions to make powerful custom tests

Question types:

Multiple Option

Topic:

Difficulty:

Easy

Q 1. Put the following activity analysis steps in order:

I. Chart the activities used to complete the product or service
II. Continuously improve the efficiency of all value-added activities
III. Classify all activities as value-added or non-value-added
IV. Identify the process objectives defined by what the customer wants

IV, III, II, and I

IV, I, III, and II

I, IV, III, and II

IV, I, III, and II

Question types:

Multiple Option

Topic:

Difficulty:

Easy

Q 2. Which of the following statements regarding customer profitability is NOT correct?

Customers affect our profitability by their buying behavior.

Customers affect our profitability by their effect on our costs.

Information on customer profitability is important for managers, so they can make decisions that will improve firm performance.

Some customers take longer (sometimes much longer) to complete the transaction; the additional time those customers take adds cost to the company.

You can customize this test by

Setting difficulty level of test

Choose easy, medium or hard questions from our skill libraries to assess candidates of different experience levels.

Combining multiple skills into one test

Add multiple skills in a single test to create an effective assessment. Assess multiple skills together.

Adding your own questions to the test

Add, edit or bulk upload your own coding questions, MCQ, whiteboarding questions & more.

Requesting a tailor-made test

Get a tailored assessment created with the help of our subject matter experts to ensure effective screening.