IENG 215 Cost Estimating for Engineers

Credits: (3-0) 3

This course covers the fundamentals of financial statements, budgets and cost estimation. Topics include structure of accounts, the balance sheet, the income statement, changes in owner equity, statement of cash flows, analysis of financial statements to determine the financial health of the business entity, sales forecasting, sales budget, production budget, material budget, direct labor budget, factory overhead, cost-of-goods sold, budget variances, estimation of factory overhead, operation estimating, product estimating, job order costing, process costing, and activity based costing.

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