Cost Accounting Supervisor salary in Iceland

Average Yearly Salary of Cost Accounting Supervisor in Iceland is approximately 12,622,065 ISK (88,609 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Cost Accounting Supervisor do?

A Cost Accounting Supervisor is responsible for overseeing and managing the cost accounting activities within an organization. They play a crucial role in analyzing and monitoring the costs associated with manufacturing, production, and operations. Their primary responsibilities include developing and implementing cost accounting systems, conducting variance analysis, preparing financial reports, and providing recommendations for cost-saving measures. They collaborate with cross-functional teams to ensure accurate cost allocation and inventory valuation. Additionally, they may be involved in budgeting and forecasting processes, as well as assisting with audits and compliance.

Skills: Cost Accounting, Financial Analysis, Variance Analysis, Budgeting, Inventory Valuation, Compliance
Job industry: Manufacturing

How much does Cost Accounting Supervisor make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Cost Accounting Supervisor a well paid job?

Yes, our data shows that Cost Accounting Supervisor is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Cost Accounting Supervisor?

High salary for Cost Accounting Supervisor would be somewhere between 13,884,272 ISK and 18,301,994 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Cost Accounting Supervisor in Iceland?

Living in Iceland the approximate monthly expenses are: 2,729 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 12,622,065 ISK
Estimated Monthly Salary: 1,051,839 ISK
Estimated Weekly Salary: 242,732 ISK per week
Estimated Hourly Salary: 6,068 ISK per hour
By working as Cost Accounting Supervisor a person can save up to 4,655 USD per month or 55,863 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Iceland, see costs of living in Iceland.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Norway, Faroe Islands, United Kingdom.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Cost Accounting Supervisor

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

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Data as of 2025

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