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This course will cover engineering cost estimating principles including development of standard costs, development of general overhead and burden rates, and quoting and estimating new jobs.
Credits: 3 hours
Lecture Hours - Laboratory Hours: (3 - 0)
Construct and interpret financial statements.
Identify relevant and pertinent data and apply appropriate labor and material costing methods to determine variable cost.
Identify other relevant costs to determine total cost.
Correctly identify how economic decisions impact individuals, companies, and society in general.
Cost Analysis and Estimating for Engineering and Management, Phillip Ostwald and Timothy McLaren, 1 st Edition, 2004, Prentice-Hall.
Revision Date: Spring 2006