Estimation Costing & Budgetary Control
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Estimation Costing & Budgetary Control Syllabus — Unit-wise Content
The official GTU curriculum for Estimation Costing & Budgetary Control (subject code 4385502) as prescribed for FT · Semester 8 divides the course into 5 units, covering 73 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 (4385502)Unit 1 Estimation
- 1.1. Meaning of Administration, Management and Organization
- 1.2. Meaning of Capital, Estimating Costing and Bill of Material Estimation
- 1.3. Definition and Importance of Estimation
- 1.4. Aims and Functions of Estimation
- 1.5. Organization of Estimation Department
- 1.5.1. Qualities of Estimator
- 1.5.2. Functions of Estimator
- 1.5.3. Estimating Procedure
- 1.5.4. Sources of Errors in Estimating
- 1.5.5. Constituents of Estimation
- 1.6.1. Areas of plane figures
- 1.6.2. Areas of Irregular figures
- 1.6.3. Volume and surface areas of solids
- 1.7. Estimation of Material Cost
Unit 2 Estimation in Various Shops
- 2.1. Estimation in Machine Shop
- 2.1.2. Machine shop operations
- 2.1.3. Cutting speed, Feed, Depth of cut
- 2.1.4. Lathe operation
- 2.2. Estimation in Sheet Metal Shop
- 2.2.2. Operations in sheet metal shop
- 2.2.3. Sheet metal joints
- 2.2.4. Blank layout Estimation Costing & Budgetary Control Course Code:4385502 forging component
- 2.3. Estimation in Forging Shop
- 2.3.1. Forging - Hand forging, Machine forging
- 2.3.2. Forging operations
- 2.3.3. Estimation procedure - Estimation of Net Weight, Losses and Time
- 2.4. Estimation in Welding Shop
- 2.4.1. Welding, type of welding joints
- 2.4.2. Gas welding
- 2.4.3. Electric welding
- 2.4.4. Estimation of arc welding cost
- 2.4.5. Factor Affecting Welding Cost
- 2.5. Estimation of Process Equipment
- 2.5.1. Estimation of shell, Dish end, cone and nozzle
Unit 3 Costing
- 3.1. Costing Definition, Aims
- 3.2. Difference between Estimating and Costing
- 3.3. Procedure for costing
- 3.4. Costing methods
- 3.5. Advantage of efficient costing
- 3.6. Classification of cost
- 3.7. Material costing
- 3.7.1. Cost of materials
- 3.7.2. Control over material cost
- 3.7.3. Waste control
- 3.7.4. Valuation of materials issued from stores
- 3.8. Labour Costing
- 3.8.1. Objectives of labour costing
- 3.8.2. Wages and Incentives
- 3.8.3. Wage differentials
- 3.8.4. Methods of wage payment
- 3.8.5. Bonus system
- 3.8.6. Fringe – Benefits
- 3.8.7. Non – Financial Incentives
- 3.9. Material Cost Economics
- 3.9.1. Analysis of costs and usage
- 3.9.2. Check purchasing practices
- 3.9.3. Use of value Analysis
- 3.9.4. Simplification, Standardization, Estimation Costing & Budgetary Control Course Code:4385502 Rationalization
- 3.9.5. Update old ideas
- 3.10. Indirect Expenses and Depreciation
- 3.10.2. Factory expenses
- 3.10.3. Administrative expenses
- 3.10.4. Selling and distribution expenses
- 3.10.6. Method of Calculating Depreciation
Unit 4 Cost Accounting, Cost Control and Cost Reduction
- 4.1. Cost Accounting
- 4.2. Standard Costing
- 4.3. Cost Control
- 4.4. Cost Reduction
- 4.5. Variance Analysis
- 4.6. Cost Audit
Unit 5 Budget and Budgetary Control
- 5.3. Budget Classification
- 5.4. Budgetary Control
- 5.5. Essential Conditions for Applying Budgetary Control
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