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    MIE Solutions Blog

Analysis Of Overhead Expenses

By Dave Ferguson
July 13, 2012
, By Dave Ferguson
July 13, 2012
, By Dave Ferguson
July 13, 2012
, By Dave Ferguson
July 13, 2012
, By Dave Ferguson
July 13, 2012
, By Dave Ferguson
July 13, 2012
, By Dave Ferguson
July 13, 2012
, By Dave Ferguson
July 13, 2012
, By Dave Ferguson
July 13, 2012

Overhead expenses are all the costs not directly associated with the manufacturing of a specific product.  Raw material costs and direct labor are two examples which do not fall into the category of overhead expenses.  These costs are incurred by...
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Job Cost Markup Rate

By Dave Ferguson
June 28, 2012
, By Dave Ferguson
June 28, 2012
, By Dave Ferguson
June 28, 2012
, By Dave Ferguson
June 28, 2012
, By Dave Ferguson
June 28, 2012
, By Dave Ferguson
June 28, 2012
, By Dave Ferguson
June 28, 2012
, By Dave Ferguson
June 28, 2012
, By Dave Ferguson
June 28, 2012
, By Dave Ferguson
June 28, 2012

In my previous posts I have been discussing at length different types of costs including direct and indirect costs, direct and indirect material costs, direct and indirect labor costs and lastly burden.  The next point is Markup Rate which is the...
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Job Shop Burden Expenses

By Dave Ferguson
June 27, 2012
, By Dave Ferguson
June 27, 2012
, By Dave Ferguson
June 27, 2012
, By Dave Ferguson
June 27, 2012
, By Dave Ferguson
June 27, 2012
, By Dave Ferguson
June 27, 2012
, By Dave Ferguson
June 27, 2012
, By Dave Ferguson
June 27, 2012
, By Dave Ferguson
June 27, 2012
, By Dave Ferguson
June 27, 2012

Direct Burden Expenses
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Classification Of Costs - Direct and Indirect Costs

By Dave Ferguson
June 26, 2012
, By Dave Ferguson
June 26, 2012
, By Dave Ferguson
June 26, 2012
, By Dave Ferguson
June 26, 2012
, By Dave Ferguson
June 26, 2012
, By Dave Ferguson
June 26, 2012
, By Dave Ferguson
June 26, 2012
, By Dave Ferguson
June 26, 2012
, By Dave Ferguson
June 26, 2012
, By Dave Ferguson
June 26, 2012

Direct and indirect costs are two more costs which are involved in running a business.  Direct costs are those costs directly associated with the manufacturing or production of a product.  This includes labor that is directly related to making the...
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Classification Of Costs - Fixed and Variable Costs

By Dave Ferguson
June 14, 2012
, By Dave Ferguson
June 14, 2012
, By Dave Ferguson
June 14, 2012
, By Dave Ferguson
June 14, 2012
, By Dave Ferguson
June 14, 2012
, By Dave Ferguson
June 14, 2012
, By Dave Ferguson
June 14, 2012
, By Dave Ferguson
June 14, 2012
, By Dave Ferguson
June 14, 2012
, By Dave Ferguson
June 14, 2012
, By Dave Ferguson
June 14, 2012

There are many facets of costing and breaking costing into these four categories helps in understanding
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Engineering Costs

By Dave Ferguson
April 26, 2011
, By Dave Ferguson
April 26, 2011
, By Dave Ferguson
April 26, 2011
, By Dave Ferguson
April 26, 2011
, By Dave Ferguson
April 26, 2011
, By Dave Ferguson
April 26, 2011
, By Dave Ferguson
April 26, 2011
, By Dave Ferguson
April 26, 2011
, By Dave Ferguson
April 26, 2011
, By Dave Ferguson
April 26, 2011
, By Dave Ferguson
April 26, 2011
, By Dave Ferguson
April 26, 2011
, By Dave Ferguson
April 26, 2011
, By Dave Ferguson
April 26, 2011
, By Dave Ferguson
April 26, 2011
, By Dave Ferguson
April 26, 2011
, By Dave Ferguson
April 26, 2011
, By Dave Ferguson
April 26, 2011

Engineering costs for many years have basically been included in the standard burden rate of the shop.  There are many situations now in this world where manufacturing is very competitive and technical that the standard burden rate of the shop...
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Engineer To Order Material Costs

By Dave Ferguson
April 03, 2011
, By Dave Ferguson
April 03, 2011
, By Dave Ferguson
April 03, 2011
, By Dave Ferguson
April 03, 2011
, By Dave Ferguson
April 03, 2011
, By Dave Ferguson
April 03, 2011
, By Dave Ferguson
April 03, 2011
, By Dave Ferguson
April 03, 2011
, By Dave Ferguson
April 03, 2011
, By Dave Ferguson
April 03, 2011
, By Dave Ferguson
April 03, 2011
, By Dave Ferguson
April 03, 2011
, By Dave Ferguson
April 03, 2011
, By Dave Ferguson
April 03, 2011
, By Dave Ferguson
April 03, 2011
, By Dave Ferguson
April 03, 2011

Now that we have been investigating many of the details of material costs in quotations, we will now take a look at the mathematical calculations required.
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Material In Cost Estimates Weight Calculation

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...
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Material Weight

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...
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Material Estimating

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...
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