1st Edition

Cost Analysis for Engineers and Scientists

By Fariborz Tayyari Copyright 2022
    230 Pages 58 B/W Illustrations
    by CRC Press

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    This book helps apply managerial accounting techniques to problems in areas including that of cost estimation, cost control, product pricing, and business segment discontinuation. It is a valuable resource for short-term courses and seminars conducted to train professionals and practitioners in engineering and manufacturing cost analysis.

    Cost Analysis for Engineers and Scientists introduces the fundamentals accounting information systems and manufacturing costs. It also presents product costing and manufacturing cost allocation to individual as well as joint products. The concepts and applications of cost-volume-profit and breakeven analysis for single-product and multiple-products are also discussed.

    It is intended for engineers, managers, and scientists to apply cost analysis techniques for assessing engineering and financial projects.

    A solutions manual and PowerPoint slides are available for qualified textbook adoption.

    1. Accounting Informational Systems. 2. Manufacturing Costs. 3. Inventory Valuation and Cost of Goods Sold. 4. Methods of Product Costing. 5. Cost Estimating Methods. 6. Joint Cost Allocation. 7. Cost-Volume-Profit (CVP) Analysis – Short-Term. 8. Cost-Volume-Profit (CVP) Analysis – Long-Term. 9. Financial Analysis. Appendix: A. List of Notations and Abbreviations. B. Compound Interest Factors. C. Selected References. D. Answers to Selected Problems.


    Fariborz Tayyari is a professor of Industrial & Manufacturing Engineering & Technology at Bradley University. He holds a bachelor’s degree in Cost Accounting, Masters of Business Administrations (MBA), Masters of Science in Industrial Engineering (MSIE) and PhD in Industrial Engineering. He has been teaching Engineering Economy, Engineering Costs Analysis and Operations Research for more than 35 years. He also served a major technical and construction company as chief accountant and as a budget officer during his military service. He received a certification as a Professional Engineer (PE) from the state of Texas, a certified Professional Ergonomist (CPE) and as a Certified Safety Professional (CSP). He has published book chapters on topics such as Total Cost Analysis of Modern Automated Systems, and Joint Cost Allocation.