UNIVERSITY COLLEGE OF ENGINEERING – DINDIGUL

INTERNAL ASSESMENT TEST –II

BE - MECHANICAL ENGINEERING
Semester – VII
ME8793 / ME8793 T – PROCESS PLANNING AND COST ESTIMATION

Time: 1.30 Hours Max. Marks: 50

PART-A (5 x 2 = 10 Marks)

1. List some of the reasons for doing estimates.

2. Differentiate between estimating and costing
3. Give an example of indirect material cost
4. Define man hour and machine hour rate
5. In the 1: 3: 9 Rule for Product Cost Estimation, what does the ‘three’ represent?

PART – B (2 x 20 = 40 Marks)

6. a Name the various elements of cost. Explain each element in detail 20

OR
What is cost estimating? State the objectives of cost estimating and Explain the 20
b
various types of estimation in detail

200 pieces of a component as shown in Fig.1 are to be drop forged from a 4 cm 20

diameter stock bar. Calculate the cost of manufacture, if
i) Material cost if Rs.500 per meter
ii) Forging charges @ 1000/m2 of surface area to be forged
iii)On cost is 10 percent of material cost. Consider all possible losses during
operations. All dimensions are in cm
7. a

Fig.1
OR
 Estimate the total cost of 20 C.I flanged pipe casting shown in Fig.2 assume the 20
following data:
Cost of C.I = Rs.30/Kg : Cost of process scrap = Rs.7.0/Kg ;
Process scrap = 2% of net weight of casting ;
Moulding and pouring charges = Rs.15/Piece ;
Casting removal and cleaning =Rs.5/Piece ;
Administrative over heads = 5% of factory cost ;
Selling overheads = 70 % administrative over heads.

Fig.2

Faculty In-charge HOD