Costing and Cost Control detailed syllabus scheme for Production Engineering (PR), 2019-20 onwards has been taken from the DBATU official website and presented for the Bachelor of Technology students. For Subject Code, Course Title, Lecutres, Tutorials, Practice, Credits, and other information, do visit full semester subjects post given below.
For 8th Sem Scheme of Production Engineering (PR), 2019-20 Onwards, do visit PR 8th Sem Scheme, 2019-20 Onwards. For the Elective-VIII scheme of 8th Sem 2019-20 onwards, refer to PR 8th Sem Elective-VIII Scheme 2019-20 Onwards. The detail syllabus for costing and cost control is as follows.
Costing and Cost Control Syllabus for Production Engineering (PR) 4th Year 8th Sem 2019-20 DBATU
Course Objectives:
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Pre-requisite:
Machine design and Manufacturing processes-II
Course Outcomes:
At the end of the course, students will be able to:
- Define costing and summarize the procedures of cost estimating.
- Estimate fabrication cost, foundry cost, forging cost and machining cost.
- Estimate machine hour rate and labour cost.
- Summarize the concept of overheads.
- Classify various cost accounting methods.
- Classify various cost control techniques.
Unit 1
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Unit 2
Estimation of Weight and Material Cost
Process of breaking down product drawing in to simpler elements or shapes, estimating the volume, weight and cost. Review of purchasing procedure, recording of stock and consumption of material by LIFO, FIFO, Weighted average method.
Unit 3
Machine hour rate
Definition, constituents, direct cost, indirect cost, steps for estimation of machine hour rate for conventional machines, CNC lathe and machining center. Labor Cost- Direct and indirect labor, Workmen classification, Definition of wages, Methods of remuneration
Unit 4
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Unit 5
Cost Accounting Methods
Job costing, Batch costing, Unit costing, Process costing, Contract costing, Activity based costing
Unit 6
Cost Control
Use of cost data for policymaking and routine operation, control techniques such as budgetary control, standard cost, variance analysis, marginal cost and break even analysis. Cost Reduction Areas: Procedures and systems in product, methods and layouts, administrative and marketing, rejection analysis, cost of poor quality, value analysis and value engineering, Zero Base Budgeting.
Reference Books:
- N. K. Prasad, Principles and Practice of Cost Accounting Book Syndicate Pvt. Ltd.
- Brown and Owier, Costing Simplified: Wheldom Series ELBS
- B. Jawaharlal, Cost Accounting TMH
- R.R. Gupta, Cost Accounting
- B. K. Bhar, Cost Accounting, 13/e Academic Publishers, Kolkata
- Jain, Cost Accounting Kalyani Publishers
- J.S. Charaya and G. S. Narang, A Text Book of Estimating and Costing Mechanical Satya Prakashan
- M.Y. Khan, P. K. Jain, Theory and Problems of Management and Cost Accounting TMH
For detail syllabus of all subjects of Production Engineering (PR) 8th Sem 2019-20 onwards, visit PR 8th Sem Subjects of 2019-20 Onwards.