BE Mechanical 2003 Structure - K. K. Wagh Education Society

6. Pricing and Decision Process:
Opportunity cost relevance and contribution approach; incremental cost; ROI;
strategic princing of new products, Full cost pricing-advantages and
disadvantages.
7. Cost of Quality:
Prevention, internal failure, external failure costs.
8. Budgetary control and variance Analysis:
Material, Labour, Overhead, Sales. Profit, Product-mix and Yield Variance.
9. Cost control:
Capital cost control-the nature of control, elements of cost control programme,
project planning and scheduling, cost reporting and corrective action. Capital cost
control-repeatitive operating cost, standard costs, cost reporting and corrective
action.
10. Estimating of cost:
Estimating of material, machining, labour and overheads costs.
Reference Books
1. Drury Colin: Management Accounting.