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.

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 labour costs, to help you uncover inefficiencies and make your business even more profitable.

This test assesses candidates’ ability to

- Show costing skills

- Accurately compute total and per unit cost of goods sold, services rendered, and activities performed

- Use their knowledge of different costing systems and cost accumulation

- Plan and control costs

- Analyse costs and profits

- Budget and standardise costs

This Costing of Goods and Services 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.