This book breaks down cost engineering into concrete, usable steps, helping you measure every expense and link it to real business results. Learn how to move beyond ambiguous terms like “overhead” and determine true cost with precision.

In plain terms, you’ll discover how to define cost, separate direct from indirect expenses, and allocate them to products and processes. The author emphasizes that each expense has a definite purpose and benefit, and that cost should be calculated as a sum of its parts. With practical rules and examples, you’ll see how to set up reliable process-hour costing and pricing strategies that reflect actual costs.

Clear definitions of cost, expense, direct vs. indirect costs, and how they relate to your products.
Step-by-step guidance on determining process hours, cost per hour, and how to charge costs to production orders.
Practical rules for distributing expenses based on measurable benefits, not arbitrary averages.
Strategies to avoid common accounting pitfalls and build a consistent costing system.

Ideal for readers who want a solid, methodical approach to cost and profit calculation, from managers to financial professionals seeking a practical framework for decisions.

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