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    MIE Solutions Blog

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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Material Cost Calculation

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...
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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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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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Estimating Software Guide

By Dave Ferguson
February 01, 2010
, By Dave Ferguson
February 01, 2010
, By Dave Ferguson
February 01, 2010
, By Dave Ferguson
February 01, 2010
, By Dave Ferguson
February 01, 2010
, By Dave Ferguson
February 01, 2010
, By Dave Ferguson
February 01, 2010
, By Dave Ferguson
February 01, 2010
, By Dave Ferguson
February 01, 2010
, By Dave Ferguson
February 01, 2010
, By Dave Ferguson
February 01, 2010
, By Dave Ferguson
February 01, 2010
, By Dave Ferguson
February 01, 2010
, By Dave Ferguson
February 01, 2010
, By Dave Ferguson
February 01, 2010
, By Dave Ferguson
February 01, 2010

There are many different type of software estimating package for made to order manufacturing Made to order manufacturing includes any custom job shop type work including sheet metal, machining, wood working, stamping, press work, printing which all...
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Introduction To Shop Rates

By Dave Ferguson
July 20, 2009
, By Dave Ferguson
July 20, 2009
, By Dave Ferguson
July 20, 2009
, By Dave Ferguson
July 20, 2009
, By Dave Ferguson
July 20, 2009
, By Dave Ferguson
July 20, 2009
, By Dave Ferguson
July 20, 2009
, By Dave Ferguson
July 20, 2009
, By Dave Ferguson
July 20, 2009
, By Dave Ferguson
July 20, 2009
, By Dave Ferguson
July 20, 2009
, By Dave Ferguson
July 20, 2009
, By Dave Ferguson
July 20, 2009
, By Dave Ferguson
July 20, 2009
, By Dave Ferguson
July 20, 2009

Labor used to produce products and services purchased by customers.
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