Back close

Course Detail

Course Name Product Cost Estimation
Course Code 19MEE444
Program B. Tech. in Mechanical Engineering
Year Taught 2019


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 operations-estimation 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 welding- estimation in forging shop – cost estimation of foundry work.

Objectives and Outcomes

Course Objectives

  • To facilitate estimation of time for machining, welding, forging and allied processes.
  • To impart knowledge on cost estimation of a product by considering various manufacturing processes.

Course Outcomes

  • CO1: Identify the various cost elements involved in total cost of the product
  • CO2: Estimate the cost of manufacturing a component by welding, casting and forging operations
  • CO3: Calculate the time taken for various machining operations
  • CO4: Apply appropriate methods for calculating depreciation

CO – PO Mapping

CO1 3 2 2 2 3 1
CO2 3 2 2 2 3 1
CO3 3 2 2 2 3 1
CO4 3 2 2 2 3 1

Textbook / References


  • 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

Evaluation Pattern

Assessment Internal External
Periodical 1 (P1) 15
Periodical 2 (P2) 15
*Continuous Assessment (CA) 20
End Semester 50
*CA – Can be Quizzes, Assignment, Projects, and Reports.

DISCLAIMER: The appearance of external links on this web site does not constitute endorsement by the School of Biotechnology/Amrita Vishwa Vidyapeetham or the information, products or services contained therein. For other than authorized activities, the Amrita Vishwa Vidyapeetham does not exercise any editorial control over the information you may find at these locations. These links are provided consistent with the stated purpose of this web site.

Admissions Apply Now