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Course Detail

Course Name Product Cost Estimation
Course Code 15MEC272
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 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.

Text Books

  • 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

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