Prepare a simple cost estimate for a manufactured product

The factor affecting the estimating & costing is

• Temperature

• Pressure

• Time

• Velocity

The main element of welding cost is

• Transportation cost

• Material cost

• Administration cost

• Managing cost

The production cost includes

• Wages of staff

• Wages of telephone

• Wages of distribution

• Wages of fabrication work

The material cost include

• Wages of labor

• Wages of selling

• Wages of welding rods

• Wages of ware house

The total production cost is determined by adding material cost, overhead cost and

• Managing cost

• Labor cost

• Administration cost

• Fabrication cost

The factor affecting welding cost based on time is

• Welding process

• Materials

• Electrodes

• Electric Power

A product is produced by using material shown in below table, find the

total material cost of product.

• 26BD

• 62BD

• 30BD

• 36BD

Determine the total cost of product.

• Solution: Total

  = 30 - 12 + 35

  = 53 BD

• Solution: Total

  = 30 + 12 - 35

  = 7 BD

• Solution: Total

  = 30 + 12 + 35

  = 77 BD

• Solution: Total

  = 30 - 12 - 35

  =-17 BD