Cost Calculation

The calculation of product cost is done by determination of the buy-material and the process flow  needed to produce the mono products or assemblies.
The specific process know how of the cost engineer, machine specifications and material characteristics are used to calculate the cycle time of specific manufacturing steps. The hourly rates for labor and machines are used for calculation of the direct manufacturing cost. Overhead rates, profit margin and transport cost are the indirect cost that complete the total product cost.
In addition, tooling cost and product engineering cost make overall industrialization and production cost clear.

The CEA 1.0 cost estimation tool supports design engineers to estimate production process or total product costs. It creates cost awareness and helps to make cost conscious design decisions.