Manufacturing Methods and Costs

Catalog description

This course introduces students to the principles of manufacturing (production) methods as well as costs and cost analysis that lead to more efficient utilization of manufacturing resources. Topics include an introduction to job order costs, budgetary cost control, standard costs, and direct costing; cost improvement methods; and economic analysis of engineering proposals. Laboratory experience includes independent research and problem solving projects involving the evaluation of alternative methods and procedures; cost estimating, cost studies, cost reporting, analysis of cost data, performance of productivity measurement, evaluation of engineering proposals, return-on-investment, interest, break-even analysis, depreciation, and cash flow.