Costing of Products and Services test
Summary of the Costing of Products and Services test
This Costing of Products and Services test evaluates candidates’ ability to calculate the cost of goods sold, services rendered, and activities performed. This test will help you hire candidates who can accurately compute your business costs.
Covered skills
Costing systems and cost accumulation
Planning and controlling costs
Analyzing costs and profits
Budgeting and standardizing costing
Use the Costing of Products and Services test to hire
Cost analysts, cost estimators, pricing specialists, and any other roles requiring an intermediate knowledge of costing of goods and services.
About the Costing of Products and Services test
Business profits are inversely correlated with. Due to the impact of the costs of goods sold, services rendered, and activities performed on the bottom line of a business, costing is of significantly high importance across all business entities.
Costing not only results in determination of cost and profits, but it also plays a crucial role in various business decisions, including the final pricing of goods and services, and decisions related to in-house production versus outsourcing.
Hiring a costing expert will help your business make sense of financial data, including inventory and labor costs, to help you uncover inefficiencies and make your business even more profitable.
This test assesses candidates’ costing skills and their ability to accurately compute total and per unit cost of goods sold, services rendered, and activities performed. This test covers candidates’ knowledge of different costing systems and cost accumulation. It also examines candidates’ ability to plan and control costs, and to analyze costs and profits. Finally, this test evaluates candidates’ ability to budget and standardize costs.
This Costing of Products and Services test will help you hire candidates who possess the skills required to accurately cost your goods and services and help you make business decisions in line with improving your bottom line.
The test is made by a subject-matter expert
Abdul G.
Abdul is a chartered accountant and certified ISO 31000 risk manager with over 15 years of experience managing other accountants and staff in many businesses, large and small. Abdul also has an MBA with significant consulting experience across business sectors, including oil and gas, pharmaceuticals, food, and education.
He has worked as a university lecturer in accounting, finance, and tax-related subjects for more than five years and currently works on complex risk management policies as a senior risk management officer.
Crafted with expert knowledge
TestGorilla’s tests are created by subject matter experts. We assess potential subject-matter experts based on their knowledge, ability, and reputation. Before being published, each test is peer-reviewed by another expert, then calibrated using hundreds of test takers with relevant experience in the subject.
Our feedback mechanisms and unique algorithms allow our subject-matter experts to constantly improve their tests.
What our customers are saying
TestGorilla helps me to assess engineers rapidly. Creating assessments for different positions is easy due to pre-existing templates. You can create an assessment in less than 2 minutes. The interface is intuitive and it’s easy to visualize results per assessment.
VP of engineering, mid-market (51-1000 FTE)
Any tool can have functions—bells and whistles. Not every tool comes armed with staff passionate about making the user experience positive.
The TestGorilla team only offers useful insights to user challenges, they engage in conversation.
For instance, I recently asked a question about a Python test I intended to implement. Instead of receiving “oh, that test would work perfectly for your solution,” or, “at this time we’re thinking about implementing a solution that may or may not…” I received a direct and straightforward answer with additional thoughts to help shape the solution.
I hope that TestGorilla realizes the value proposition in their work is not only the platform but the type of support that’s provided.
For a bit of context—I am a diversity recruiter trying to create a platform that removes bias from the hiring process and encourages the discovery of new and unseen talent.
Chief Talent Connector, small business (50 or fewer FTE)
Use TestGorilla to hire the best faster, easier and bias-free
Our screening tests identify the best candidates and make your hiring decisions faster, easier, and bias-free.
Watch what TestGorilla can do for you
Create high-quality assessments, fast
Building assessments is a breeze with TestGorilla. Get started with these simple steps.
View a sample report
The Costing of Products and Services test will be included in a PDF report along with the other tests from your assessment. You can easily download and share this report with colleagues and candidates.
FAQs
Related tests
Salesforce for BDRs
Six Sigma
Accounts Payable
Data Science
Brand Management
Software Engineer
Scrum Master
Salesforce CRM
Artificial Intelligence