• # MIE Solutions Blog

By Dave Ferguson
March 29, 2011
, By Dave Ferguson
March 29, 2011
, By Dave Ferguson
March 29, 2011
, By Dave Ferguson
March 29, 2011
, By Dave Ferguson
March 29, 2011
, By Dave Ferguson
March 29, 2011
, By Dave Ferguson
March 29, 2011
, By Dave Ferguson
March 29, 2011
, By Dave Ferguson
March 29, 2011
, By Dave Ferguson
March 29, 2011
, By Dave Ferguson
March 29, 2011
, By Dave Ferguson
March 29, 2011
, By Dave Ferguson
March 29, 2011
, By Dave Ferguson
March 29, 2011
, By Dave Ferguson
March 29, 2011
, By Dave Ferguson
March 29, 2011
, By Dave Ferguson
March 29, 2011
, By Dave Ferguson
March 29, 2011

Material costs in job estimates can come in a variety of ways.   When you are estimating the cost to manufacture a product and the product is made out of either plate material, sheets, tubing, etc there are a few calculation methods that may be...
By Dave Ferguson
March 22, 2011
, By Dave Ferguson
March 22, 2011
, By Dave Ferguson
March 22, 2011
, By Dave Ferguson
March 22, 2011
, By Dave Ferguson
March 22, 2011
, By Dave Ferguson
March 22, 2011
, By Dave Ferguson
March 22, 2011
, By Dave Ferguson
March 22, 2011
, By Dave Ferguson
March 22, 2011
, By Dave Ferguson
March 22, 2011
, By Dave Ferguson
March 22, 2011
, By Dave Ferguson
March 22, 2011
, By Dave Ferguson
March 22, 2011
, By Dave Ferguson
March 22, 2011
, By Dave Ferguson
March 22, 2011
, By Dave Ferguson
March 22, 2011

Material Weight In order to estimate the cost of material it is essential that you know the weight of different material gauges and types of material.   Below you will find a list of some common weights dealing with the metal industry and metal...
By Dave Ferguson
March 15, 2011
, By Dave Ferguson
March 15, 2011
, By Dave Ferguson
March 15, 2011
, By Dave Ferguson
March 15, 2011
, By Dave Ferguson
March 15, 2011
, By Dave Ferguson
March 15, 2011
, By Dave Ferguson
March 15, 2011
, By Dave Ferguson
March 15, 2011
, By Dave Ferguson
March 15, 2011
, By Dave Ferguson
March 15, 2011
, By Dave Ferguson
March 15, 2011
, By Dave Ferguson
March 15, 2011
, By Dave Ferguson
March 15, 2011
, By Dave Ferguson
March 15, 2011
, By Dave Ferguson
March 15, 2011
, By Dave Ferguson
March 15, 2011
, By Dave Ferguson
March 15, 2011
, By Dave Ferguson
March 15, 2011
, By Dave Ferguson
March 15, 2011
, By Dave Ferguson
March 15, 2011
, By Dave Ferguson
March 15, 2011

Material estimating can be simple to complex depending on the particular job you are estimating.   Raw material is a commodity which could include metal sheets, wood, bars, plastic, plates, block of metal, etc.  These items are purchased from a...
By Dave Ferguson
March 10, 2011
, By Dave Ferguson
March 10, 2011
, By Dave Ferguson
March 10, 2011
, By Dave Ferguson
March 10, 2011
, By Dave Ferguson
March 10, 2011
, By Dave Ferguson
March 10, 2011
, By Dave Ferguson
March 10, 2011
, By Dave Ferguson
March 10, 2011
, By Dave Ferguson
March 10, 2011
, By Dave Ferguson
March 10, 2011
, By Dave Ferguson
March 10, 2011
, By Dave Ferguson
March 10, 2011
, By Dave Ferguson
March 10, 2011
, By Dave Ferguson
March 10, 2011
, By Dave Ferguson
March 10, 2011
, By Dave Ferguson
March 10, 2011
, By Dave Ferguson
March 10, 2011
, By Dave Ferguson
March 10, 2011

Material cost calculation potentially involves a lot of information.  In my previous blog I mentioned many of the data points involved in the material cost calculation including Parts Size, Blank Size, Stock Size, Safety Stock Size, and others.  One...
By Dave Ferguson
March 05, 2011
, By Dave Ferguson
March 05, 2011
, By Dave Ferguson
March 05, 2011
, By Dave Ferguson
March 05, 2011
, By Dave Ferguson
March 05, 2011
, By Dave Ferguson
March 05, 2011
, By Dave Ferguson
March 05, 2011
, By Dave Ferguson
March 05, 2011
, By Dave Ferguson
March 05, 2011
, By Dave Ferguson
March 05, 2011
, By Dave Ferguson
March 05, 2011
, By Dave Ferguson
March 05, 2011
, By Dave Ferguson
March 05, 2011
, By Dave Ferguson
March 05, 2011
, By Dave Ferguson
March 05, 2011
, By Dave Ferguson
March 05, 2011
, By Dave Ferguson
March 05, 2011
, By Dave Ferguson
March 05, 2011

Raw material sheets include plates, sheets, plywood and any other commodity item which is x,y and thickness dimensional.  Raw material is usually purchased by weight and is a commodity.  I'm going to define commodities as items where their price...
By Dave Ferguson
February 26, 2011
, By Dave Ferguson
February 26, 2011
, By Dave Ferguson
February 26, 2011
, By Dave Ferguson
February 26, 2011
, By Dave Ferguson
February 26, 2011
, By Dave Ferguson
February 26, 2011
, By Dave Ferguson
February 26, 2011
, By Dave Ferguson
February 26, 2011
, By Dave Ferguson
February 26, 2011
, By Dave Ferguson
February 26, 2011
, By Dave Ferguson
February 26, 2011
, By Dave Ferguson
February 26, 2011
, By Dave Ferguson
February 26, 2011

Direct labor costs are those costs which are performed during the production of some product.  The product can be any type of item from a machined part, computer and vehicle.  Labor is required to change a raw material into a product that may be...
By Dave Ferguson
February 19, 2011
, By Dave Ferguson
February 19, 2011
, By Dave Ferguson
February 19, 2011
, By Dave Ferguson
February 19, 2011
, By Dave Ferguson
February 19, 2011
, By Dave Ferguson
February 19, 2011
, By Dave Ferguson
February 19, 2011
, By Dave Ferguson
February 19, 2011
, By Dave Ferguson
February 19, 2011
, By Dave Ferguson
February 19, 2011
, By Dave Ferguson
February 19, 2011
, By Dave Ferguson
February 19, 2011
, By Dave Ferguson
February 19, 2011
, By Dave Ferguson
February 19, 2011
, By Dave Ferguson
February 19, 2011
, By Dave Ferguson
February 19, 2011
, By Dave Ferguson
February 19, 2011
, By Dave Ferguson
February 19, 2011

Indirect material costs are those that are not directly added into the product. There are many times where materials are required to manufacture a part but are not put directly into the product.  Examples of this may include oils, lubricants for...
By Dave Ferguson
February 16, 2011
, By Dave Ferguson
February 16, 2011
, By Dave Ferguson
February 16, 2011
, By Dave Ferguson
February 16, 2011
, By Dave Ferguson
February 16, 2011
, By Dave Ferguson
February 16, 2011
, By Dave Ferguson
February 16, 2011
, By Dave Ferguson
February 16, 2011
, By Dave Ferguson
February 16, 2011
, By Dave Ferguson
February 16, 2011
, By Dave Ferguson
February 16, 2011
, By Dave Ferguson
February 16, 2011
, By Dave Ferguson
February 16, 2011
, By Dave Ferguson
February 16, 2011
, By Dave Ferguson
February 16, 2011
, By Dave Ferguson
February 16, 2011

Material cost is a big subject and will be handled in multiple blog entries.  Material costs are costs that go directly into producing the desired product.  Material costs can be divided into both direct and indirect material costs.  We will focus...
By Dave Ferguson
February 15, 2011
, By Dave Ferguson
February 15, 2011
, By Dave Ferguson
February 15, 2011
, By Dave Ferguson
February 15, 2011
, By Dave Ferguson
February 15, 2011
, By Dave Ferguson
February 15, 2011
, By Dave Ferguson
February 15, 2011
, By Dave Ferguson
February 15, 2011
, By Dave Ferguson
February 15, 2011
, By Dave Ferguson
February 15, 2011
, By Dave Ferguson
February 15, 2011
, By Dave Ferguson
February 15, 2011
, By Dave Ferguson
February 15, 2011
, By Dave Ferguson
February 15, 2011
, By Dave Ferguson
February 15, 2011
, By Dave Ferguson
February 15, 2011
, By Dave Ferguson
February 15, 2011
, By Dave Ferguson
February 15, 2011
, By Dave Ferguson
February 15, 2011

Manufacturing costs consist of multiple elements which arrive at the full cost.  When estimating a product to be manufactured the entire costs are distributed between the following elements.
By Dave Ferguson
February 12, 2011
, By Dave Ferguson
February 12, 2011
, By Dave Ferguson
February 12, 2011
, By Dave Ferguson
February 12, 2011
, By Dave Ferguson
February 12, 2011
, By Dave Ferguson
February 12, 2011
, By Dave Ferguson
February 12, 2011
, By Dave Ferguson
February 12, 2011
, By Dave Ferguson
February 12, 2011
, By Dave Ferguson
February 12, 2011
, By Dave Ferguson
February 12, 2011
, By Dave Ferguson
February 12, 2011
, By Dave Ferguson
February 12, 2011
, By Dave Ferguson
February 12, 2011
, By Dave Ferguson
February 12, 2011
, By Dave Ferguson
February 12, 2011
, By Dave Ferguson
February 12, 2011
, By Dave Ferguson
February 12, 2011
, By Dave Ferguson
February 12, 2011
, By Dave Ferguson
February 12, 2011
, By Dave Ferguson
February 12, 2011

Fixed and variable costs can now be broken down into two more cost types: direct and indirect costs. These classify the costs of parts being manufactured and are critical to calculating shop overhead rates.  Direct costs are those costs that are...