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    MIE Solutions Blog

Direct and Indirect Costs

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...
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Fixed and Variable Costs

By Dave Ferguson
February 10, 2011
, By Dave Ferguson
February 10, 2011
, By Dave Ferguson
February 10, 2011
, By Dave Ferguson
February 10, 2011
, By Dave Ferguson
February 10, 2011
, By Dave Ferguson
February 10, 2011
, By Dave Ferguson
February 10, 2011
, By Dave Ferguson
February 10, 2011
, By Dave Ferguson
February 10, 2011
, By Dave Ferguson
February 10, 2011
, By Dave Ferguson
February 10, 2011
, By Dave Ferguson
February 10, 2011
, By Dave Ferguson
February 10, 2011
, By Dave Ferguson
February 10, 2011
, By Dave Ferguson
February 10, 2011
, By Dave Ferguson
February 10, 2011
, By Dave Ferguson
February 10, 2011
, By Dave Ferguson
February 10, 2011
, By Dave Ferguson
February 10, 2011
, By Dave Ferguson
February 10, 2011
, By Dave Ferguson
February 10, 2011
, By Dave Ferguson
February 10, 2011

There are two main types of costs - fixed and variable.  If something is being manufactured, it consists of both fixed and variable costs.  Fixed costs are those that do not change based on a quantity.  This means the cost is fixed if you produce 1...
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Job Costing Software

By Dave Ferguson
February 09, 2011
, By Dave Ferguson
February 09, 2011
, By Dave Ferguson
February 09, 2011
, By Dave Ferguson
February 09, 2011
, By Dave Ferguson
February 09, 2011
, By Dave Ferguson
February 09, 2011
, By Dave Ferguson
February 09, 2011
, By Dave Ferguson
February 09, 2011
, By Dave Ferguson
February 09, 2011
, By Dave Ferguson
February 09, 2011
, By Dave Ferguson
February 09, 2011
, By Dave Ferguson
February 09, 2011
, By Dave Ferguson
February 09, 2011
, By Dave Ferguson
February 09, 2011
, By Dave Ferguson
February 09, 2011
, By Dave Ferguson
February 09, 2011
, By Dave Ferguson
February 09, 2011
, By Dave Ferguson
February 09, 2011
, By Dave Ferguson
February 09, 2011
, By Dave Ferguson
February 09, 2011
, By Dave Ferguson
February 09, 2011

Job Costing has been around for many years to determine the cost of manufacturing a given product.  The process by which the expenses are record is costing.  Job costing software should make the process of recording the transaction simpler and not...
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Techniques for Cost Estimating

By Dave Ferguson
February 08, 2011
, By Dave Ferguson
February 08, 2011
, By Dave Ferguson
February 08, 2011
, By Dave Ferguson
February 08, 2011
, By Dave Ferguson
February 08, 2011
, By Dave Ferguson
February 08, 2011
, By Dave Ferguson
February 08, 2011
, By Dave Ferguson
February 08, 2011
, By Dave Ferguson
February 08, 2011
, By Dave Ferguson
February 08, 2011
, By Dave Ferguson
February 08, 2011
, By Dave Ferguson
February 08, 2011
, By Dave Ferguson
February 08, 2011
, By Dave Ferguson
February 08, 2011
, By Dave Ferguson
February 08, 2011
, By Dave Ferguson
February 08, 2011
, By Dave Ferguson
February 08, 2011
, By Dave Ferguson
February 08, 2011
, By Dave Ferguson
February 08, 2011
, By Dave Ferguson
February 08, 2011
, By Dave Ferguson
February 08, 2011
, By Dave Ferguson
February 08, 2011
, By Dave Ferguson
February 08, 2011
, By Dave Ferguson
February 08, 2011
, By Dave Ferguson
February 08, 2011
, By Dave Ferguson
February 08, 2011
, By Dave Ferguson
February 08, 2011
, By Dave Ferguson
February 08, 2011

The basic cost estimating techniques involve analyzing all factors that make up a cost estimate. The first technique I would follow is to go through the following steps, systematically, and costing each one out in detail. Once you have gone through...
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Purpose of Cost Estimating

By Dave Ferguson
February 07, 2011
, By Dave Ferguson
February 07, 2011
, By Dave Ferguson
February 07, 2011
, By Dave Ferguson
February 07, 2011
, By Dave Ferguson
February 07, 2011
, By Dave Ferguson
February 07, 2011
, By Dave Ferguson
February 07, 2011
, By Dave Ferguson
February 07, 2011
, By Dave Ferguson
February 07, 2011
, By Dave Ferguson
February 07, 2011
, By Dave Ferguson
February 07, 2011
, By Dave Ferguson
February 07, 2011
, By Dave Ferguson
February 07, 2011
, By Dave Ferguson
February 07, 2011
, By Dave Ferguson
February 07, 2011
, By Dave Ferguson
February 07, 2011
, By Dave Ferguson
February 07, 2011
, By Dave Ferguson
February 07, 2011
, By Dave Ferguson
February 07, 2011
, By Dave Ferguson
February 07, 2011

There are numerous purposes behind cost estimating, including the following:
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Estimating the Costs of Estimates

By Dave Ferguson
February 05, 2011
, By Dave Ferguson
February 05, 2011
, By Dave Ferguson
February 05, 2011
, By Dave Ferguson
February 05, 2011
, By Dave Ferguson
February 05, 2011
, By Dave Ferguson
February 05, 2011
, By Dave Ferguson
February 05, 2011
, By Dave Ferguson
February 05, 2011
, By Dave Ferguson
February 05, 2011
, By Dave Ferguson
February 05, 2011
, By Dave Ferguson
February 05, 2011
, By Dave Ferguson
February 05, 2011
, By Dave Ferguson
February 05, 2011
, By Dave Ferguson
February 05, 2011
, By Dave Ferguson
February 05, 2011
, By Dave Ferguson
February 05, 2011
, By Dave Ferguson
February 05, 2011
, By Dave Ferguson
February 05, 2011

An interesting situation when creating estimates is determining which estimates to spend time on and which estimates are too costly to put the effort into.  In a tough economy, your company takes on jobs that don't lead to a reasonable profit, but...
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Cost Estimate Types

By Dave Ferguson
February 02, 2011
, By Dave Ferguson
February 02, 2011
, By Dave Ferguson
February 02, 2011
, By Dave Ferguson
February 02, 2011
, By Dave Ferguson
February 02, 2011
, By Dave Ferguson
February 02, 2011
, By Dave Ferguson
February 02, 2011
, By Dave Ferguson
February 02, 2011
, By Dave Ferguson
February 02, 2011
, By Dave Ferguson
February 02, 2011
, By Dave Ferguson
February 02, 2011
, By Dave Ferguson
February 02, 2011
, By Dave Ferguson
February 02, 2011
, By Dave Ferguson
February 02, 2011
, By Dave Ferguson
February 02, 2011
, By Dave Ferguson
February 02, 2011
, By Dave Ferguson
February 02, 2011
, By Dave Ferguson
February 02, 2011
, By Dave Ferguson
February 02, 2011

There are different types of cost estimates including "Rough Approximation" of cost which can be a conceptual design, preliminary design and then a detailed estimate or quote.
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Profit Improvement and Cost Reduction Part 1

By Dave Ferguson
January 30, 2011
, By Dave Ferguson
January 30, 2011
, By Dave Ferguson
January 30, 2011
, By Dave Ferguson
January 30, 2011
, By Dave Ferguson
January 30, 2011
, By Dave Ferguson
January 30, 2011
, By Dave Ferguson
January 30, 2011
, By Dave Ferguson
January 30, 2011
, By Dave Ferguson
January 30, 2011
, By Dave Ferguson
January 30, 2011
, By Dave Ferguson
January 30, 2011
, By Dave Ferguson
January 30, 2011
, By Dave Ferguson
January 30, 2011
, By Dave Ferguson
January 30, 2011
, By Dave Ferguson
January 30, 2011
, By Dave Ferguson
January 30, 2011
, By Dave Ferguson
January 30, 2011
, By Dave Ferguson
January 30, 2011
, By Dave Ferguson
January 30, 2011
, By Dave Ferguson
January 30, 2011
, By Dave Ferguson
January 30, 2011

Talking about profit improvement and cost reduction we cannot leave out the importance of estimating accurately.  There are a few ways to reach the goal of both profit improvement and cost reduction.
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What is Forward and Backward Scheduling

By Dave Ferguson
January 15, 2010
, By Dave Ferguson
January 15, 2010
, By Dave Ferguson
January 15, 2010
, By Dave Ferguson
January 15, 2010
, By Dave Ferguson
January 15, 2010
, By Dave Ferguson
January 15, 2010
, By Dave Ferguson
January 15, 2010
, By Dave Ferguson
January 15, 2010
, By Dave Ferguson
January 15, 2010
, By Dave Ferguson
January 15, 2010
, By Dave Ferguson
January 15, 2010
, By Dave Ferguson
January 15, 2010
, By Dave Ferguson
January 15, 2010
, By Dave Ferguson
January 15, 2010
, By Dave Ferguson
January 15, 2010
, By Dave Ferguson
January 15, 2010
, By Dave Ferguson
January 15, 2010

MIE Solutions offers a made to order job shop ERP system designed for the manufacturer of goods and products.  Most accounting systems are designed for the basic AR, AP and GL side of financials where a manufacturing software product deals with the...
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Exploded Bill Of Materials

By Dave Ferguson
December 29, 2009
, By Dave Ferguson
December 29, 2009
, By Dave Ferguson
December 29, 2009
, By Dave Ferguson
December 29, 2009
, By Dave Ferguson
December 29, 2009
, By Dave Ferguson
December 29, 2009
, By Dave Ferguson
December 29, 2009
, By Dave Ferguson
December 29, 2009
, By Dave Ferguson
December 29, 2009
, By Dave Ferguson
December 29, 2009
, By Dave Ferguson
December 29, 2009
, By Dave Ferguson
December 29, 2009
, By Dave Ferguson
December 29, 2009
, By Dave Ferguson
December 29, 2009