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ONGC-Hazira

ONGC-Hazira

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Published by jigar nagvadia

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Published by: jigar nagvadia on Nov 28, 2010
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07/23/2013

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COSTING STRUCTURE & SENSITIVITY ANALYSIS
A. Research Methodology
Study objectives or Learning Objectives: -
To know how the costing calculation is done in order to carry out theper unit cost of the finished product.
To know how the final cost of products arises after including all theexpenses which are incurred in Hazira plant during production of theproducts.
As calculation is done automatically in SAP system so how thatcalculation is done that has been shown in the report.
In Sensitivity Analysis to know how the % rise in cost differs atdifferent levels during general condition as well as in presentcondition.
Scope of the study: -
 The scope of study includes the calculation of cost which is done inthe SAP system automatically in that also there is so much complexity isthere so in order to reduce the complexity this type of calculation is done.There is need to derive Activity Based Costing to firm the cost of each input.In Sensitivity Analysis company can save the cost durig present condition.
S.K.P.I.M.C.S1
 
COSTING STRUCTURE & SENSITIVITY ANALYSIS
Data collection sources : -
(1) Primary sources:Cost summary of ONGC-Hazira Plant of the finished products as wellas worked in SAP system also.(2) Secondary sources: -As secondary sources I have studied different magazines, books andweb sites.
(D) Data analysis: -
 Tables is used as data analysis tools.
(E)Limitations of the study: -
Some of the information of the company is highly confidential, so I hadto restrict my self up to the data given by the company only.
No. of employee available for sharing the information is less becauseall are busy in their own work.
While preparing the project I had to use hypothetical data whenever needed because of the unavailability of some of the required data.
S.K.P.I.M.C.S2
 
COSTING STRUCTURE & SENSITIVITY ANALYSIS
1.
AN OVERVIEW – OIL& NATURAL GAS INDUSTRY
Almost all oil and natural gas are found deep underground in tinyholes in rocks. Millions of years ago a sea covered much of what is now dryland. In prehistoric times, tiny plants and animals lived in the sea. Whenthese creatures died, they sank to the bottom of the sea, and got buried inlayers of mud and sand. As the ages passed, this organic material sankdeeper and deeper. The earth's crust changed its shape, and put intensepressure and heat on what was once only plants and tiny animals. Heatfrom the earth's interior and the weight of the overlying rocks graduallychanged the energy-containing substances in the accumulated plants intohydrocarbon liquids and gases. As millions of years passed, these depositsturned into chemicals that are now called ‘hydrocarbons’.Hydrocarbons are simple molecules made up of carbon and hydrogenatoms joined together in chains or in rings. These molecules, being light andmobile, migrated upwards through the rocks but eventually became trappedbeneath impermeable rock structures in the earth's crust. That is where oiland natural gas come from. Some were created millions of years ago, somewere created thousands of years ago, and some are being created rightnow!Much of the oil and gas production now comes from underneath thesea-bed. As the technology for extraction continues to advance, productionbecomes possible from deeper and deeper waters. But the supplies arelimited. Every drop of oil burnt adds to the monumental environmentproblems already created by pumping gases like carbon dioxide into the
S.K.P.I.M.C.S3

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