Name: Product Costing.
Availability: InStock
Rating: 4.0 (15 reviews)

Live Online Class Basic

Product Costing.

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3008 views

COMPLETED

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1 hr

Jul 1, 2023 · 12:30 PM

3008 views

AALOK SHARMADirector- Business Development - AAAS Industries / Sheet Metal/ Project Management

Automotive

Rail & Transport

7-day money-back guarantee
Session recordings included

Why enroll

You will learn various parameters after completing this course - 1. What is the Process for costing 2. How to calculate product cost ? 3. How to apply basic costing fundamentals while deciding product cost. 4. Bridging the gap between theoretical knowledge and actual costing requirements. 5. Experienced engineers who want to understand the depth and details of product costing.

Your instructor

AALOK SHARMA

Director- Business Development - AAAS Industries / Sheet Metal/ Project Management

17+ yrs experience·India

Is this course for you?

You should take this if

You work in Automotive or Rail & Transport
You're a Mechanical Engineering professional
You prefer live, instructor-led training with Q&A

You should skip if

You need a different specialisation outside Mechanical Engineering
You need fully self-paced, on-demand content

Course details

Product Cost Formula = Direct Labor + Direct Material + Factory Overheads.

Product cost refers to all those costs which the company incurs to create the product of the company or deliver the services to the customers, and the same is shown in the financial statement of the company for the period in which they become the part of the cost of the goods that the company sells.

Examples of Product cost mainly include the following expenses:-

Direct material (DM)

Direct labor (DL)

Factory overheads (FOH)

Course suitable for

Key topics covered

1- What is the Product Cost ?

2-How to calculate any Product Cost ?

3- Types of Product Costs

#1 – Direct Material

#2 – Direct Labor

#3 – Factory Overheads

Opportunities that await you!

Career opportunities

Training details

This is a live course that has a scheduled start date.

Live session

Started

Sat, Jul 1, 2023 Ended

12:30 PM UTC· your timezone

Duration

1 hour per day

Why people choose EveryEng

Industry-aligned courses, expert training, hands-on learning, recognized certifications, and job opportunities-all in a flexible and supportive environment.

COMPLETED

Jul 1, 2023 · 12:30 PM

Questions and Answers

Q: You're costing a bogie bracket and searching 'how to cost tolerance stack-up from rev 4 drawing when as-built unknown'. The GA shows four hole-to-hole dimensions each ±0.3 mm, but the BOM line item assumes a single positional tolerance at MMC. What is the cost-impact risk if you price strictly per the BOM?

A: The correct choice prices in the hidden rework and scrap exposure caused by linear tolerance stack-up masquerading as a single control. B fails by importing a statistical assumption that's not on the drawing. C confuses inspection method with tolerance type. D flips yield logic; tighter effective tolerance never improves yield without process change.

Q: Cost review asks 'what cost risk remains if supplier PPAP is waived for low-volume rail components'. A dimensional safeguard is skipped to save €12k NRE. What cost consequence is NOT mitigated by the waived PPAP?

A: The right answer isolates a cost that actually disappears when PPAP is waived. A still hits because assembly is the first real integration. C remains since PPAP is the control for drift visibility. D is untouched because legal exposure doesn't care why validation was skipped.

Q: You're googling 'back of envelope cost impact of tolerance tightening by 0.2 mm'. A machined housing has Cp≈1.1 at ±0.5 mm. Tightening to ±0.3 mm without process change — what's the order-of-magnitude unit cost impact?

A: The correct option captures yield collapse when tolerance shrinks inside an unchanged process spread. B ignores scrap and rework. C misreads Cp as a pass-fail flag. D assumes inspection drives cost rather than machining capability.

Q: Cost roll-up question: 'what happens to unit cost when batch size drops from 500 to 50 with same setup time'. No design change. What's the immediate effect?

A: The right answer recognizes fixed setup amortization as the driver. B ignores fixed cost reality. C confuses quality feedback with cost accounting. D drags safety analysis into a pure costing behavior.

Product Costing.

Product Costing.

Why enroll

Your instructor

AALOK SHARMA

Is this course for you?

You should take this if

You should skip if

Course details

Course suitable for

Key topics covered

Opportunities that await you!

Career opportunities

Training details

Why people choose EveryEng

Questions and Answers

The Weekly Digest

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