# Product Cost Analyst

*/JobTypes/Product_Cost_Analyst*

## Neighborhood

### Related (delivered by)

- [Prepare preliminary prototype product cost model](/Processes/Prepare_preliminary_prototype_product_cost_model) — delivered by · Processes

### Required knowledge

- [Standard Costing](/Knowledge/Standard_Costing) — requires knowledge · Knowledge
- [Production and Processing](/Knowledge/Production_and_Processing) — requires knowledge · Knowledge
- [Cost Accounting](/Knowledge/Cost_Accounting) — requires knowledge · Knowledge
- [Bill-Of-Materials Structures](/Knowledge/Bill-Of-Materials_Structures) — requires knowledge · Knowledge
- [Inventory Valuation](/Knowledge/Inventory_Valuation) — requires knowledge · Knowledge
- [Bill Of Materials Costing](/Knowledge/Bill_Of_Materials_Costing) — requires knowledge · Knowledge
- [Manufacturing Overhead Allocation](/Knowledge/Manufacturing_Overhead_Allocation) — requires knowledge · Knowledge
- [Margin And Pricing Concepts](/Knowledge/Margin_And_Pricing_Concepts) — requires knowledge · Knowledge

### Engage in

- [Analyze cost variances](/Activities/Analyze_cost_variances) — engage in · Activities
- [Build product cost models and bills of cost](/Activities/Build_product_cost_models_and_bills_of_cost) — engage in · Activities
- [Build product standard cost models](/Activities/Build_product_standard_cost_models) — engage in · Activities
- [Calculate landed and unit costs](/Activities/Calculate_landed_and_unit_costs) — engage in · Activities
- [Analyze material, labor, and overhead variances](/Activities/Analyze_material,_labor,_and_overhead_variances) — engage in · Activities

### Perform

- [Support Pricing Decisions with Analysis](/Tasks/Support_Pricing_Decisions_with_Analysis) — perform · Tasks
- [Reconcile Standard Cost Variances](/Tasks/Reconcile_Standard_Cost_Variances) — perform · Tasks
- [Compile reports of cost factors, such as labor, production, storage, and equipment.](/Tasks/Compile_reports_of_cost_factors,_such_as_labor,_production,_storage,_and_equipment.) — perform · Tasks
- [Maintain Unit Cost Databases](/Tasks/Maintain_Unit_Cost_Databases) — perform · Tasks
- [Identify Cost Reduction Opportunities](/Tasks/Identify_Cost_Reduction_Opportunities) — perform · Tasks
- [Analyze cost variances](/Tasks/Analyze_cost_variances) — perform · Tasks
- [Build product cost models and bills of cost](/Tasks/Build_product_cost_models_and_bills_of_cost) — perform · Tasks
- [Estimate costs for new and changed products](/Tasks/Estimate_costs_for_new_and_changed_products) — perform · Tasks
- [Support pricing and margin decisions](/Tasks/Support_pricing_and_margin_decisions) — perform · Tasks
- [Track cost trends and inflation impacts](/Tasks/Track_cost_trends_and_inflation_impacts) — perform · Tasks
- [Validate bill of material costing](/Tasks/Validate_bill_of_material_costing) — perform · Tasks
- [Build product standard cost models](/Tasks/Build_product_standard_cost_models) — perform · Tasks
- [Prepare product profitability reports](/Tasks/Prepare_product_profitability_reports) — perform · Tasks
- [Analyze material, labor, and overhead variances](/Tasks/Analyze_material,_labor,_and_overhead_variances) — perform · Tasks
- [Calculate landed and unit costs](/Tasks/Calculate_landed_and_unit_costs) — perform · Tasks

### Required skills

- [Variance analysis](/Skills/Variance_analysis) — requires skill · Skills
- [Cost modeling](/Skills/Cost_modeling) — requires skill · Skills
- [Should-cost estimation](/Skills/Should-cost_estimation) — requires skill · Skills
- [Cost Accounting](/Skills/Cost_Accounting) — requires skill · Skills
- [Data Analysis](/Skills/Data_Analysis) — requires skill · Skills
- [Margin Analysis](/Skills/Margin_Analysis) — requires skill · Skills
- [Financial Modeling](/Skills/Financial_Modeling) — requires skill · Skills
- [Data Reconciliation](/Skills/Data_Reconciliation) — requires skill · Skills
- [Financial Analysis](/Skills/Financial_Analysis) — requires skill · Skills
- [Spreadsheet Modeling](/Skills/Spreadsheet_Modeling) — requires skill · Skills

### Requires ability

- [Analytical detail](/Ability/Analytical_detail) — requires ability · Ability
- [Logical estimation](/Ability/Logical_estimation) — requires ability · Ability
- [Numerical reasoning](/Ability/Numerical_reasoning) — requires ability · Ability
- [Attention to Detail](/Ability/Attention_to_Detail) — requires ability · Ability
- [Deductive Reasoning](/Ability/Deductive_Reasoning) — requires ability · Ability
- [Mathematical Reasoning](/Ability/Mathematical_Reasoning) — requires ability · Ability
- [Number Facility](/Ability/Number_Facility) — requires ability · Ability

### Type of

- [Cost Estimators](/Occupations/Cost_Estimators) — type of · Occupations
- [Financial and Investment Analysts](/Occupations/Financial_and_Investment_Analysts) — type of · Occupations

### Uses software

- [Oracle Financials](/Software/Oracle_Financials) — uses software · Software
- [SAP](/Software/SAP) — uses software · Software
- [Hyperion](/Software/Hyperion) — uses software · Software
- [Microsoft Excel](/Software/Microsoft_Excel) — uses software · Software
- [Oracle ERP](/Software/Oracle_ERP) — uses software · Software
- [Power BI](/Software/Power_BI) — uses software · Software

### Problems this exposes

- [tooling-amortization and overhead-allocation assumptions inconsistent across quotes from different suppliers](/Problems/tooling-amortization_and_overhead-allocation_assumptions_inconsistent_across_quotes_from_different_suppliers) — exposes problem · Problems
- [purchase-price-variance (PPV) decomposed manually across volume, mix, and rate to explain the gap to standard](/Problems/purchase-price-variance_(PPV)_decomposed_manually_across_volume,_mix,_and_rate_to_explain_the_gap_to_standard) — exposes problem · Problems
- [BoM cost rollups break silently when engineering changes (ECOs) land without a synced costing refresh](/Problems/BoM_cost_rollups_break_silently_when_engineering_changes_(ECOs)_land_without_a_synced_costing_refresh) — exposes problem · Problems
- [standard-cost rolls updated each cycle by hand as material prices and exchange rates move](/Problems/standard-cost_rolls_updated_each_cycle_by_hand_as_material_prices_and_exchange_rates_move) — exposes problem · Problems
- [should-cost / cost-breakdown models built per part from BoM, routing, and labor rates, never reconciled to actuals](/Problems/should-cost_%2F_cost-breakdown_models_built_per_part_from_BoM,_routing,_and_labor_rates,_never_reconciled_to_actuals) — exposes problem · Problems