'Product Cost Estimation' is a course offered in the B. Tech. in Mechanical Engineering program at School of Engineering, Amrita Vishwa Vidyapeetham.
Unit 1
Cost estimation: Importance and aims of cost estimation - functions of estimation -
difference between estimating and costing - importance of preparing realistic
estimates - estimating procedure.
Elements of cost, Objectives - elements of costs - ladder of cost - determination of
material cost - labour cost - expenses.
Unit 2
Analysis of overhead expenses, Distribution of overhead costs – depreciation -
causes of depreciation - methods of calculating depreciation.
Estimation of machining time, Calculation of machining time for lathe operationsestimation of drilling time on drilling machine - estimation of time for shaping, planning,
milling and grinding.
Unit 3
Costing for metal forming and fabrication processes, Estimation of cost in weldingestimation in forging shop - cost estimation of foundry work.
- Banga T. R. and Sharma S. C. - ‘Mechanical Estimating and Costing including Contracting” - Khanna Publishers - 2011
- O. P. Khanna - ‘Mechanical Estimating and Costing’ – Dhanpat Rai Publishers - 1999
- Narang G. B. S and Kumar V. - ‘Production and Costing’ - Khanna Publishers - 2004
- Adithan M. and Pabla B. S. - ‘Production Engineering Estimating and Costing’ - Konark Publishers (P) Ltd. - 1998
