1-Compare standard cost with actual cost to determine variances.2-Prepare variance analysis report to calculate price & material variances.3-Prepare profitability analysis report for each product.4-Collect and analysis data to determine costs of business activity such as raw material purchases, inventory, labor and overheads.5-Provides management with reports specifying and comparing factors affecting prices and profitability of products.6-Deals with R & D plan and expenses.7-Prepare slow movement items report, monitoring stock pricing.