7.5 With given example, interpret industrial budget. (Explain in brief) 6.3 Identify the factors to reduce the cost of production 6.4 Modern tools and techniques of cost reduction in brief.īudgeting and Industrial Accounting: 7.1 Define Budget and Budgetary control. Problems and Solution of Cost: 6.1 Problem of cost reduction. Compute profit/volume from the given data. Effect of changing various parameters on B.E.P. Margin of safety, its importance and its derivation.

Assumptions made in constructing Break even chart. Procedure of construction of Break Even Chart. 5.2 Break Even Chart : - Definition of Break Even Point (BEP) and its needs in industry.

Estimation of production cost of given welding job for above methods.īreak Even Analysis: 5.1 Classification of costs, Fixed and variable costs, Classification of given set of costs as fixed and variable, Relationship between the costs and quantity of production. Estimating cost elements in gas and arc welding. 4.11 Determine selling price of given parts made by forging, casting, pattern making, machining and sheet metal process.Įstimation of Welding: Elements of cost in welding. 4.10 For given data compute cost of forging, casting, pattern making, machining and sheet metal. 4.8 Procedure of estimating cost of machined part 4.9 Procedure of estimating cost in sheet metal shop. 4.7 The terminology terminol ogy associated with machine shop estimation. 4.6 Procedure of estimating foundry cost. 4.5 Procedure of estimating cost of pattern making. 4.4 Procedure of estimating forging cost. 4.3 Procedure of estimating cost of forging dies. 4.2 The procedure of calculating material cost of a product for each shop.

forging shop, machine shops(Turning, Milling, Drilling, Cylindrical grinding, Keyway milling/Slotting/Broaching and Gear cutting), foundary shop and press shop(Punching and bending). 2.8 Example to calculate MHR of Lathe, Milling, Drilling, Grinding and Press tool.Ĭost Estimation of Forging, Casting, Machining and Press Tools: 4.1 Cost terminology associated with each shop(i.e. 2.7 Method to calculate MHR for any machine/machine machine/machi ne tool. 2.4 Depreciation and obsolescence : Definition, Definiti on, Types Different methods of calculating depreciation. 2.3 Determination of selling price and catalogue price. 2.2 Terminology associated with overheads, their classification classificati on and allocation. 1.3 Difference between costing and estimating.Įlements of Cost and Overhead Allocation: 2.1 Terminology associated with various cost elements and their classification. 1.2 Need of attitude, knowledge & skill required for ECC. Introduction to ECC: 1.1 Need, Scope & importance of ECC in industries. GUJARAT TECHNOLOGICAL UNIVERSITY DIPLOMA IN MECHANICAL ENGINEERING SEMESTER: V Subject Name: Estimating, Costing and Contracting (ECC) Sr.

Estimation and costing by rangwala pdf