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Product Costing.

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Product Costing.

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1 hrs
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2797 views
AALOK SHARMA
AALOK SHARMADirector- Business Development - AAAS Industries / Sheet Metal/ Project Management
  • 7-day money-back guarantee
  • Session recordings included
  • Certificate of completion
Volume pricing for groups of 5+

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.

What enrolled engineers say

2 verified reviews
  • May 3, 2026

    The scenarios felt close to what hits prod, not classroom math, which kept me engaged between meetings. The moment that stuck was the overhead allocation chapter where they build a cost tree for a new SKU, then reconcile it to the P&L after a pricing PR that bumps infra spend; seeing the variance bridge spelled out was useful. Mostly good, though I wasn't sold on the quick skim of CI cost attribution and wished there was more on ongoing obs. It's clarified a few grey areas I've been hand-waving.

    sravan R. · Mechanical design engineer Verified
  • May 3, 2026

    needed a clearer handle on the internals behind how costs actually roll up, not just the labels. The Chapter 3 walkthrough on activity-based costing, especially the step where overhead pools get traced in the sample spreadsheet, stuck. It mapped cleanly to how we argue costs in a prod PR, from arch choices to infra line items; obs and RPS analogies helped, it's practical. Mostly works, though I wasn't sold on the brief treatment of variance analysis and wished there was more on edge cases; I'll be sharper on my next review.

    Harit N. · Director - Global Innovation & Knowledge Management Verified

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

Starts

Sat, Jul 1, 2023

12:30 PM UTC· your timezone

Duration

1 hour per day

COMPLETED

-

Questions and Answers

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.

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.

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.

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.