Summer Project on Costing and Cost Reduction Techniques

Summer Project on Costing and Cost Reduction Techniques

This project includes Costing and Cost reduction techniques at Matrukrupa Pattern Industries.

Currently I am doing Cost and management Accountant from Institute of cost and work accountant of India (ICAI) and in Second year of  MBA  I  am  taking Finance  as  specialization. I  think Production and Finance are  core  functions in  any manufacturing industry, I have taken book knowledge of these two functions and so as to get practical  experience  I have chosen  manufacturing  industry instead  of any bank.  Proprietor  of Matrukrupa Industries,  Mr.  Jintendra B Gajjar has helped me in carrying out this project report.

In first week, I was observing various works carried out in the factory and become familiar with all the functions carried out in the business. After that I started preparing cost sheet and finally I had study the various areas of cost reduction and sort the areas where cost reduction can be made.

Established in the year 1990, “Matrukrupa Pattern Industries”, are counted among the prominent manufacturers and suppliers of Pattern, Dies & Mold, Casting Products  and  Machining  Services.  Our  product  range  includes  Match  Plate Pattern, Wooden Pattern, Co2 Core Molding Pattern, Shell Core Molding Pattern, Aluminum & Cast Iron Metal Pattern and Wooden Pattern For Rubber Hose. We also offer Gravity Casting Dies, Investment Casting Dies, Investment Casting Products and C. I & M. S Casting in the market. Fabricated with premium grade aluminum, cast iron, mild steel and wood, our products are appreciated for their dimensional accuracy, innovative designs, corrosion resistance and longer life.

S No.

Chapter Name

Page No.

 

Acknowledgement

i

 

Preface

ii

 

Executive Summary

iii

 

Project Details-

ü  Objective,

ü  Scope and

ü  Limitation

iv

 

Importance of costing in the today’s industries

v

1

Conceptual Background

 

 

ü  Definition of Cost

1

 

ü  Definition of Costing

1

 

ü  Cost Reduction and Cost Control

2

 

ü  Areas to be covered by Cost Reduction

3

2

Profile

 

 

ü  Basic Information

6

 

ü  Product and Services Portfolio

7

 

ü  Requirement/Use

8

 

ü  Quality Check

8

 

ü  Brief introduction to Products

9

3.

Cost Sheet

 

 

ü  Natural classification or costs

15

 

ü  Cost sheet of the Matrukrupa

16

 

ü  Overhead Absorbed

17

 

ü  Job Sheet of pattern 26966

18

 

ü  Job Sheet of  pattern 20488

19

 

ü  Job Sheet of  pattern 88402

20

4.

Cost reduction program me

 

 

ü  Basic information

21

 

ü  Purchase management

22

 

ü  Production planning and control

24

 

ü  Quality assurance function

25

5.

Business Policy

26

6.

SWOT Analysis

31

7.

Conclusion and Recommendation

32

8.

Bibliography/Webography

33

9.

Annexure

 

 

ü  Key Term Used

34

 

ü  Feedback form

36

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