This textbook covers how to apply managerial accounting techniques to problems in areas such as cost estimation, cost control, product pricing, and business segment discontinuation. It also discusses how to assess and evaluate cost and profitability analysis of financial projects
Cost Analysis for Engineers and Scientists introduces managerial accounting techniques that can be applied to problems in the areas of cost estimation, cost control, product line or business segment discontinuation, profitability analysis, and project management. It also presents product costing and manufacturing cost allocation to an individual as well as joint products. The concepts and applications of cost-volume-profit and breakeven analysis for single-product and multiple products are also discussed.
This textbook is intended for short-term courses and seminars conducted to train professionals and practitioners in engineering and manufacturing cost analysis.