|Series||Special Report / American Management Association -- 26, Special Report -- 26.|
|The Physical Object|
|Number of Pages||142|
Manufacturing (direct materials, direct labor, factory overhead) and non-manufacturing costs; product and period costs; raw materials, work-in-process and finished goods; cost of goods manufactured and cost of goods sold; cost accounting cycle. 1. Introduction to manufacturing and nonmanufacturing costs. Download it once and read it on your Kindle device, PC, phones or tablets. Use features like bookmarks, note taking and highlighting while reading Knowing Your Cost of Manufacturing: A guidebook for every owner, salesman, engineer shop manager and estimator/5(12). PRODUCTION COST CONTROL IN A MANUFACTURING ORGNAIZATION (A CASE STUDY OF THE PROTECTS DEVELOPMENT ISNTITUTE ENUGU PREFACE The primary objective of this research project work is to examine critically the various cost control measures being used by manufacturing organization using project development institute as a case study; and to propose alternative course of . Classification of Manufacturing Costs and Expenses Introduction Management accounting, as previously explained, consists primarily of planning, performance evaluation, and decision‑making models useful to management in making better decisions. In every case, these tools require cost File Size: KB.
Businesses that manufacture products have several additional cost factors to consider compared with retailers and distributors. These types of manufacturing costs include raw materials, direct labor, variable overhead, and fixed overhead. The cost estimate prepared for the project during the bidding process is the basis for cost control. Cost control for an engineering project is limited to the cost of labor, equipment, materials and site overheads. Control of cost and time should be linked together. Under the scheme of Cost Control On Manufacturing Industries, some costs possess a dual short and long-run controllability characteristic. For example, a five-year contract as to the price of a raw material, representing a long-run commitment is not immediately controllable and the contract may be negotiable only at a higher management level. Concepts of cost accounting, the setup requirements to ensure proper costing of manufacturing items, and Standard Cost Revaluation processes are covered in detail. In addition, every manufacturing transaction is mapped against T-Accounts, showing the flow of money and inventory through the : Richard L. Whaley.
Nonmanufacturing overhead costs are the business expenses that are outside of a company's manufacturing operations. These are often referred to as the selling, general and administrative (SG&A) expenses plus the company's interest expense. Examples of the nonmanufacturing overhead costs . Precision Manufacturing Costing (Cost Engineering) [Sims, E. Ralph] on *FREE* shipping on qualifying offers. Precision Manufacturing Costing (Cost Engineering)Cited by: 9. Activity-based costing is more accurate for allocating non-manufacturing costs because it matches costs with the activities that drive them. This keeps your client from assigning overhead costs to products that don’t use them, giving management a better idea of a product’s profitability and helping them decide whether to continue certain. The book also introduces advanced control techniques including model predictive control, adaptive control, and neural net control. There is a chapter on equipment interfacing and communications with a brief introduction of OPC, the GEM standard, fieldbuses, and Ethernet.4/5(3).