Estimating and Costing
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Estimating and Costing Syllabus — Unit-wise Content
The official GTU curriculum for Estimating and Costing (subject code 2162505) as prescribed for Production · Semester 6 divides the course into 5 units, covering 78 listed topics. The unit-wise breakdown below is read from the GTU syllabus document for this subject code, so you can check what the course actually covers before deciding which papers to attempt.
Download the official syllabus PDF (2162505)Unit 1 Introduction to Estimating and Costing
- importance of estimating
- organization of estimating department
- qualities of estimator
- constituents of estimation
- profit costing- definition
- aims of costing
- standard cost
- advantage of standard cost
- Difference between estimating & costing
- procedure for costing
- costing methods
- cost control- how to control costs
- control on indirect material and tools
- advantages of efficient costing
Unit 2 Elements Of Costs
- Elements of costs- material
- labour costs
- direct costs
- Material costing- introduction
- cost of material
- control over material cost
- waste control
- valuation of material issued from stores
- indirect costs
- factory expense
- administrative expenses
- selling & Distribution expenses
- Fixed & variable overheads
- components of cost- selling price
- allocation of on- cost percentage on prime cost
- direct labour cost
- Labour costing- introduction
- objectives of labour costing
- wages & incentives
- direct material cost
- man hour rate
- machine hour rate
- combination of man hour & machine hour rate
- unit rate method
- examples of on costs
- Value analysis
Unit 3 Mensuration
- Areas of plane figures
- areas of irregular figures
- volumes & surface areas of solids
- Guldinus rules- estimation of surface area & volume of solids of revolution
Unit 4 Estimation of Various Manufacturing Processes
- Estimation in machine shop Cutting speed
- depth of cut, lathe operations- turning
- Milling operations- cutting
- Grinding operations- surface grinding
- cylindrical grinding
- shaping & planning
- power consumption
- Estimation in Sheet metal shop: Operations in sheet metal shop
- blank layouts
- estimation of time
- capacity for power process
- Estimation in Forging shop: Forging- hand forging
- machine forging
- forging operations
- estimation procedure, and estimation of weight
- losses & time
- Estimation in Welding shop: Types of welding joints
- estimation of welding cost
- Estimation of gas cutting cost
- estimation of arc welding cost
- factors affecting welding cost
- Estimation in pattern making & foundry shops: Estimation of pattern cost
- Estimation of foundry shop
- Foundry cost
Unit 5 Cost Accounting, Cost Control And Cost Reduction
- Important terms
- cost accounting
- standard costing
- procedure for costing
- costing methods
- cost control
- techniques of cost control
- Cost reduction
- cost saving areas
- variance analysis
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