Dogra College of Education organized an extension lecture on cost analysis on 05th of December 2019 by Mr. Rajinder Kumar, Lecturer in Commerce, at Dogra Degree College. In his address, he emphasized the importance of cost analysis and said that cost analysis is the measure of the cost output relationship which is concerned with the cost incurred in hiring the input and how well these can be rearranged to increase the productivity of the firm.Cost analysis is pivotal in business decision making as the cost incurred in the input and output to be carefully understood before planning the production capacity of the firm. It is the process of modeling costs to support strategic planning, decision making and cost reduction. It is concerned with cost ascertainment and cost control. The extension lecture was followed by an interaction session in which the resource person responded to the queries of the students as well as the faculty members.Prominent among those present on the occasion were Dr. Vikesh Kumar Sharma, Principal, Dr. Shefali Sharma, Academic Coordinator, Mrs. Indu Puri, Sr. Lecturer and other faculty members of Dogra College of Education. A formal vote of thanks was proposed by Mrs. Shivali Mehta, Lecturer in Mathematical Science, who thanked the revered speaker for delivering the thought provoking lecture.