WorksheetsPrepare a simple cost estimate for a manufactured product
Total questions: 8
Worksheet time: 4mins
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
