Cost and planning Management Instructor has more than 10 years of experience and teaches you how to :• Coordinate physical inventory counts and cycle counts, investigate variances, and resolve issues.• Update standard costs in the bill of materials to participate in tenders.• Validate the cost of goods sold as part of the month-end close.• Accumulate and apply overhead costs as required by generally accepted accounting principles.• Work with the materials review board to locate and dispose of obsolete inventory.• Plan, study, and collect data to determine costs of business activity such as raw material purchases, inventory, and labor, analyzing data collected and recording results.• Analyze changes in product design, raw materials, manufacturing methods, or services provided, to determine effects on cost.• Analyze actual manufacturing costs and prepare periodic reports comparing standard costs to actual production costs.• Conduct audits of costs to analyze gaps between standard and actual costs; investigate inaccuracies and prepare variance reports.• Develop estimates of new and proposed product costs.• Develop monthly cost reporting including break-even points, margins, and periodic variances, prices/profitability factors, etc. to facilitate follow-up and decision-making.