Define terms: (i) Fixed costs (ii) Variable costs (iii) Marginal costs
[3 marks]Enlist the main tools and techniques of cost reduction.
[4 marks]Discuss different techniques used for cost control.
[7 marks]Define costing. Give the difference between estimating & costing.
[3 marks]Discuss advantages of efficient costing.
[4 marks]Enlist and explain different methods of costing.
[7 marks]Give the main functions of an estimator.
[3 marks]Explain importance of estimating with example.
[4 marks]Discuss constituents of estimation.
[7 marks]Explain procedure used for calculate the material cost.
[3 marks]Discuss fixed overheads and variable overheads.
[4 marks]Enlist methods of on-cost allocation. Explain any two of them.
[7 marks]Give the objective of labour costing.
[3 marks]Define wages. Explain nominal wages and real wages.
[4 marks]Discuss ways to control over material cost.
[7 marks]Give advantages of incentive system.
[3 marks]Discuss characteristics of a good incentive system.
[4 marks]Enlist and explain methods commonly used for valuation of materials issued from stores.
[7 marks]Define mensuration. Explain its importance in engineering.
[3 marks]Estimate the total time taken to turn a 100 mm long and 25 mm diameter M. S. rod to a diameter of 23 mm in a single cut. Assume cutting speed to be 25 m/min, feed to be 0.1 mm/rev and the mounting time in self-centering 3-jaw chuck to be 40 sec. neglect the time taken to for setting up tool etc.
[4 marks]Explain methods used to measure areas of irregular figures.
[7 marks]Explain different forging operations.
[3 marks]Explain types of sheet metal joints.
[4 marks]Discuss: (i) Estimation of pattern cost and (ii) Estimation in foundry shop
[7 marks]