Cost Analysis and Cost Estimating

Code: IENG1040

Course description

This course is designed for industrial engineering, operations and manufacturing personnel who must analyze costs for control, performance and action; and will estimate costs for new products, processes and contracts. Topics that will be discussed include: cost methods; estimating direct labour cost & factory overhead cost; set-up costs; post-cost analysis including variance analysis; standard and non-standard times; machining and non-machining times and machine-hour rates; labour-hour, rating factor; learning curves, direct and indirect costs; variable and fixed costs; cost distribution; capital (equipment and non-equipment) and depreciation costs; budgets and budget control.

Course details

Hours: 36
Credits: 3
Prerequisites: None
Corequisites: None

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Fall 2019 registration opens July 8, 2019. Winter 2020 registration opens November 4, 2019.