Description
The course outlines the fundamentals of pricing and standard cost, factory overhead costs, use of cost analysis for planning and control processes. Introduction to principles of accounting, and the concepts and techniques of cost accounting are covered. Emphasis placed on the application of cost information to the production of manufacturing goods. (Cost Breakdown, structure, feasibility study).
Lab and Tutorials
The course requires practice and problem-solving training during tutorials.
Literature
Cost Analysis and Estimating for Engineering and Management, Ostwald, P. and McLaren, T., 2004. Pearson Prentice Hall.
