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Product Costing.

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AALOK SHARMA

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July 1, 2023

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12:30 PM (Local)

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1 Hrs

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This course format is where trainer will explain you the subject via online live session. This course will run as per specific date and time.

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Why do you enroll

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Why do you enroll

You will learn various parameters after completing this course - 1. What is the Process for costing 2. How to calculate product cost ? 3. How to apply basic costing fundamentals while deciding product cost. 4. Bridging the gap between theoretical knowledge and actual costing requirements. 5. Experienced engineers who want to understand the depth and details of product costing.

Key topics covered

1- What is the Product Cost ?

2-How to calculate any Product Cost ?

3- Types of Product Costs

#1 – Direct Material

#2 – Direct Labor

#3 – Factory Overheads

Course Details

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

Product cost refers to all those costs which the company incurs to create the product of the company or deliver the services to the customers, and the same is shown in the financial statement of the company for the period in which they become the part of the cost of the goods that the company sells.

Examples of Product cost mainly include the following expenses:-

Direct material (DM)

Direct labor (DL)

Factory overheads (FOH)

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Industry domains :

Automotive , Rail & Transport

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Engineering Disciplines :

Mechanical

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