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Product Manufacturing Costing

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Product Manufacturing Costing

4(15)
5 enrolled
992 views
COMPLETED
2 hrs
Feb 23, 2025 · 5:30 AM
English , Hindi
992 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

People enroll in the Product Manufacturing Costing course to gain essential skills in calculating and managing production costs. This knowledge helps them make better pricing, budgeting, and operational decisions. It’s valuable for professionals in manufacturing, finance, and management, as well as entrepreneurs, enabling them to optimize costs, improve efficiency, and enhance profitability in their businesses.

Is this course for you?

You should take this if

  • You work in Aerospace or Agriculture
  • You're a Electrical Engineering / Mechanical Engineering professional
  • You prefer live, instructor-led training with Q&A

You should skip if

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

Course details

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

Product Manufacturing Costing is the process of calculating the total expenses incurred in producing a product. It includes direct costs such as raw materials and labor, as well as indirect costs like factory overhead, machine depreciation, and administrative expenses. This costing helps businesses determine the selling price, profitability, and efficiency of their manufacturing processes.

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- RM Cost.

3 – Direct Material Cost.

4 – Direct Labor Cost.

5 – Factory Overheads Cost.

Opportunities that await you!

Career opportunities

Training details

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

Live session

Starts

Sun, Feb 23, 2025

5:30 AM UTC· your timezone

Duration

2 hours per day

COMPLETED

Feb 23, 2025 · 5:30 AM

Questions and Answers

A: 316L looks expensive on the BOM, so it's tempting to chase coated carbon steel or downgrade to 304. The epoxy option feels attractive on purchase price, but the failure mode shifts to coating holidays and underfilm corrosion — rework and scrap spike fast. Duplex 2205 does suppress SCC well, yet you're paying for strength you don't need; the cost delta doesn't close over the duty cycle. 304 is the classic adjacent-domain trap: chloride level and temperature together push it into SCC territory, so unit cost savings vanish once leakage drives recalls.

A: Doing fit-up first feels lean, but it hides tolerance stack-ups until scrap is baked in. Cert-only review assumes paperwork equals reality — that's how borderline parameters slip through. Load testing early burns time and fixtures while still risking rework. The GA-to-part dimensional check up front is cheap and fast, then certs close the material risk, and only then does fit-up make sense for cost containment.

A: Investment casting sounds like a sweet spot, but the variability pushes secondary ops harder than planned. Die casting only pays if volumes are an order higher; tooling eats the budget early. Additive removes fixtures, sure, yet surface finish and tolerance control drive hidden machining anyway. Straight CNC from billet looks expensive per part, but predictable capability keeps scrap and containment costs flat — that's where the real money sits.

A: Reducing safety factor does save material, and it definitely tightens margins under overload and process spread. What's easy to miss is that GD&T-driven assembly errors live elsewhere — safety factor doesn't fix misalignment or form error. Treating it as a cure-all is how cost-cutting walks straight into warranty claims.