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    MIE Solutions Blog

Manufacturing Costs

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.
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Cost Estimating Versus Cost Accounting

By Dave Ferguson
October 26, 2010
, By Dave Ferguson
October 26, 2010
, By Dave Ferguson
October 26, 2010
, By Dave Ferguson
October 26, 2010
, By Dave Ferguson
October 26, 2010
, By Dave Ferguson
October 26, 2010
, By Dave Ferguson
October 26, 2010
, By Dave Ferguson
October 26, 2010
, By Dave Ferguson
October 26, 2010
, By Dave Ferguson
October 26, 2010
, By Dave Ferguson
October 26, 2010
, By Dave Ferguson
October 26, 2010
, By Dave Ferguson
October 26, 2010
, By Dave Ferguson
October 26, 2010
, By Dave Ferguson
October 26, 2010
, By Dave Ferguson
October 26, 2010
, By Dave Ferguson
October 26, 2010
, By Dave Ferguson
October 26, 2010

What is the difference between cost estimating and cost accounting?
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Estimating is more than Setup and Run Time Part 1

By Dave Ferguson
July 19, 2010
, By Dave Ferguson
July 19, 2010
, By Dave Ferguson
July 19, 2010
, By Dave Ferguson
July 19, 2010
, By Dave Ferguson
July 19, 2010
, By Dave Ferguson
July 19, 2010
, By Dave Ferguson
July 19, 2010
, By Dave Ferguson
July 19, 2010
, By Dave Ferguson
July 19, 2010
, By Dave Ferguson
July 19, 2010
, By Dave Ferguson
July 19, 2010
, By Dave Ferguson
July 19, 2010
, By Dave Ferguson
July 19, 2010
, By Dave Ferguson
July 19, 2010
, By Dave Ferguson
July 19, 2010
, By Dave Ferguson
July 19, 2010
, By Dave Ferguson
July 19, 2010

Many estimators put a lot of time into figuring out how to estimate setup time.  Setup time is a key component when doing estimates for basic operations like shearing, forming, laser, punch presss or any other operation which requires a setup...
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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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Calculating Cycle Time with Estimating Software

By Dave Ferguson
July 16, 2009
, By Dave Ferguson
July 16, 2009
, By Dave Ferguson
July 16, 2009
, By Dave Ferguson
July 16, 2009
, By Dave Ferguson
July 16, 2009
, By Dave Ferguson
July 16, 2009
, By Dave Ferguson
July 16, 2009
, By Dave Ferguson
July 16, 2009
, By Dave Ferguson
July 16, 2009
, By Dave Ferguson
July 16, 2009
, By Dave Ferguson
July 16, 2009
, By Dave Ferguson
July 16, 2009
, By Dave Ferguson
July 16, 2009
, By Dave Ferguson
July 16, 2009
, By Dave Ferguson
July 16, 2009
, By Dave Ferguson
July 16, 2009
, By Dave Ferguson
July 16, 2009
, By Dave Ferguson
July 16, 2009

Calculating the entire operation costs depends on both setup and cycle time.   In order accurately estimate your costs to complete a job you must be as accurate as possible during the estimating process.   If you spend too much time estimating you...
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