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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 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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Indirect Material Costs

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...
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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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Manufacturing Efficiency in Estimating

By Dave Ferguson
November 09, 2009
, By Dave Ferguson
November 09, 2009
, By Dave Ferguson
November 09, 2009
, By Dave Ferguson
November 09, 2009
, By Dave Ferguson
November 09, 2009
, By Dave Ferguson
November 09, 2009
, By Dave Ferguson
November 09, 2009
, By Dave Ferguson
November 09, 2009
, By Dave Ferguson
November 09, 2009
, By Dave Ferguson
November 09, 2009
, By Dave Ferguson
November 09, 2009
, By Dave Ferguson
November 09, 2009
, By Dave Ferguson
November 09, 2009
, By Dave Ferguson
November 09, 2009
, By Dave Ferguson
November 09, 2009
, By Dave Ferguson
November 09, 2009

How many of you have estimated a job and wonder how anyone could do it any cheaper and make money?  Well your not alone in your thinking.   There are manufacturers that are using reverse auctions in order to try to get more work and pick up new...
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Fabrication Workcenter Overhead Rates

By Dave Ferguson
September 17, 2009
, By Dave Ferguson
September 17, 2009
, By Dave Ferguson
September 17, 2009
, By Dave Ferguson
September 17, 2009
, By Dave Ferguson
September 17, 2009
, By Dave Ferguson
September 17, 2009
, By Dave Ferguson
September 17, 2009
, By Dave Ferguson
September 17, 2009
, By Dave Ferguson
September 17, 2009
, By Dave Ferguson
September 17, 2009
, By Dave Ferguson
September 17, 2009
, By Dave Ferguson
September 17, 2009
, By Dave Ferguson
September 17, 2009
, By Dave Ferguson
September 17, 2009
, By Dave Ferguson
September 17, 2009
, By Dave Ferguson
September 17, 2009
, By Dave Ferguson
September 17, 2009
, By Dave Ferguson
September 17, 2009
, By Dave Ferguson
September 17, 2009

When you quote a job and its operations you need to make sure you quote it accurately. Its very important to know that when you quote a job that your rates are high enough to actually turn a profit.
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Machine Shop Rates Part 2

By Dave Ferguson
September 02, 2009
, By Dave Ferguson
September 02, 2009
, By Dave Ferguson
September 02, 2009
, By Dave Ferguson
September 02, 2009
, By Dave Ferguson
September 02, 2009
, By Dave Ferguson
September 02, 2009
, By Dave Ferguson
September 02, 2009
, By Dave Ferguson
September 02, 2009
, By Dave Ferguson
September 02, 2009
, By Dave Ferguson
September 02, 2009
, By Dave Ferguson
September 02, 2009
, By Dave Ferguson
September 02, 2009
, By Dave Ferguson
September 02, 2009
, By Dave Ferguson
September 02, 2009
, By Dave Ferguson
September 02, 2009
, By Dave Ferguson
September 02, 2009
, By Dave Ferguson
September 02, 2009
, By Dave Ferguson
September 02, 2009
, By Dave Ferguson
September 02, 2009
, By Dave Ferguson
September 02, 2009
, By Dave Ferguson
September 02, 2009
, By Dave Ferguson
September 02, 2009

Welcome to the MIE Solutions Job Shop Estimating  blog.   Fabrication software as in sheet metal software and manufacturing software deals with shop rates extensively for costing.
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Calculating Shop Rates Using The Income Statement

By Dave Ferguson
August 01, 2009
, By Dave Ferguson
August 01, 2009
, By Dave Ferguson
August 01, 2009
, By Dave Ferguson
August 01, 2009
, By Dave Ferguson
August 01, 2009
, By Dave Ferguson
August 01, 2009
, By Dave Ferguson
August 01, 2009
, By Dave Ferguson
August 01, 2009
, By Dave Ferguson
August 01, 2009
, By Dave Ferguson
August 01, 2009
, By Dave Ferguson
August 01, 2009
, By Dave Ferguson
August 01, 2009
, By Dave Ferguson
August 01, 2009
, By Dave Ferguson
August 01, 2009
, By Dave Ferguson
August 01, 2009
, By Dave Ferguson
August 01, 2009
, By Dave Ferguson
August 01, 2009

We are going to spend the next few posts reviewing what an income sheet is and how the income sheet will help you determine you shop rates.
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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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