Describe the role of a cost accountant in product pricing when prices are market driven.

When prices are market driven, it is very essential that the company is very cost efficient. Transfer prices need to be set up correctly, indirect costs need to be monitored closely to ensure that no unnecessary expense is carried in the books. As a cost accountant, it is crucial to identify where the majority of the costs is spent, and to highlight any bottlenecks that should be removed from the production line/service assembly.