Abstract:
The project focuses on the In-process Cost Management and modeling of
Investment Casting Process, using the work-study and time measurement techniques
for Small and medium business companies Since Investment Casting is a lengthy and
labor intensive process so cost involved must be calculated and controlled precisely to
make the production process profitable. Efficient usage of resources and in time
project completion is the major objectives to be achieved which is analyzed in the
project.
The project describes various costing techniques and their application
feasibility with respect to the Investment Casting. The research enabled companies to
establish systematic costing procedure for “Investment Casting” thus quoting realistic
costs against orders with reasonable profit margins.
The Process Costing technique is applied on the IC and the overheads are
further allocated to activities though “Activity Based Costing”. Finally some new and
innovative technologies emerged in the field of “Investment Casting” are proposed
and discussed
