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Cost Estimation For Mass Production Using Jigs and Fixture

The document estimates the costs of manufacturing a fixture using CNC machining or manual machining. For CNC machining, the total cost is estimated to be Rs. 90.22 and the profit Rs. 19.78 per fixture. For manual machining, the total cost is estimated to be Rs. 101.77 and the profit Rs. 8.44 per fixture. CNC machining results in lower costs and higher profits compared to manual machining for this fixture.

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Praveen Kumar
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4K views9 pages

Cost Estimation For Mass Production Using Jigs and Fixture

The document estimates the costs of manufacturing a fixture using CNC machining or manual machining. For CNC machining, the total cost is estimated to be Rs. 90.22 and the profit Rs. 19.78 per fixture. For manual machining, the total cost is estimated to be Rs. 101.77 and the profit Rs. 8.44 per fixture. CNC machining results in lower costs and higher profits compared to manual machining for this fixture.

Uploaded by

Praveen Kumar
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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COST ESTIMATION FOR OUR FIXTURE

1. MATERIAL COST Weight = (/4) D2 L = (/4) (6210-3)2 (3010-3) (7850) = 0.710 kg Cost of 1 kg of EN1A LEADED = Rs.60 Cost of 0.710 kg Material cost = 600.710 = Rs.42.65

2. MACHINING COST

a. BAR CUTTING = length of cut cost = 620.08 = 4.96

b. ROUGH MACHINING 19 mm drilling hole in lathe = Rs.2

c. CNC MACHINING Time of machining = 150 sec

Number of components in 1 hour = 3600/150 = 25 Number of components in 8 hours = 248 = 192 Rounding off for practical reasons = 1920.85 Number of components CNC cost of working for 8 hours Cost of 1 component = 160 = Rs.2000 = 2000/160 = Rs.12.5

d. CROSS HOLE DRILLING Time for drilling = (length of drill time) / (feedR.P.M) = (2060)/(0.042500) Time for drilling Total time drilling 4 holes = 12 sec = 60 sec

Number of components in 1 hour = 3600/60 = 60

Number of components in 8 hours = 608 = 480 Rounding off for practical reasons = 4800.85 Number of components Drilling machining cost per shift Cost of drilling for 1 component = 400 = Rs.800 = 800/400 = Rs.2

2. LABOUR COST Time for all operations = 120+120+150+60 = 450sec = 0.125 hour Labour cost per hour Labour cost for 1 component = Rs.60 = 600.125 = Rs.7.5

3. PRIME COST Prime cost = material cost + labour cost + machining cost = 42.62 + (4.96+2+12.5+2) + 7.5 = Rs.71.61

4. OVERHEAD COST = 71.610.2 = Rs.14.32

5. SELLING AND DISTRIBUTION COST = 0.0671.61 = Rs.4.29

6. TOTAL COST Total cost = prime cost + overhead cost + selling and distribution cost = 71.61 + 14.32 + 4.29 = Rs.90.22

7. SELLING PRICE = Rs.110 8. PROFIT = selling price - total cost

= 110 - 90.22 = 19.78

COST ESTIMATION WITH MANUAL VICE

1. MATERIAL COST Weight = (/4) D2 L = (/4) (6210-3)2 (3010-3) (7850) = 0.710 kg Cost of 1 kg of EN1A LEADED = Rs.60 Cost of 0.710 kg Material cost = 600.710 = Rs.42.65

2. MACHINING COST

a. BAR CUTTING = length of cut cost = 620.08 = 4.96

b. ROUGH MACHINING 19 mm drilling hole in lathe = Rs.2

c. CNC MACHINING Time of machining = 150 sec

Number of components in 1 hour = 3600/150 = 25 Number of components in 8 hours = 248 = 192 Rounding off for practical reasons = 1920.85 Number of components CNC cost of working for 8 hours Cost of 1 component = 160 = Rs.2000 = 2000/160 = Rs.12.5

d. CROSS HOLE DRILLING Time for drilling = (length of drill time) / (feedR.P.M) = (2060)/(0.042500) Time for drilling Total time drilling 4 holes = 12 sec = 240 sec

Number of components in 1 hour

= 3600/240 = 15

Number of components in 8 hours = 158 = 120 Rounding off for practical reasons = 1200.85 Number of components Drilling machining cost per shift Cost of drilling for 1 component = 100 = Rs.800 = 800/100 = Rs.8

2. LABOUR COST Time for all operations = 120+120+150+240 = 630sec = 0.175 hour Labour cost per hour Labour cost for 1 component = Rs.60 = 600.175 = Rs.10.5

3. PRIME COST Prime cost = material cost + machining cost + labour cost

= 42.62 + (4.96 + 2 + 12.5 + 8) + 10.5 = Rs.80.61

4. OVERHEAD COST = 80.61 0.2 = Rs.16.32

5. SELLING AND DISTRIBUTION COST = 0.06 80.61 = Rs.4.836

6. TOTAL COST Total cost = prime cost + overhead cost + selling and distribution cost = 80.61 + 16.32 + 4.86 = Rs.101.77

7. SELLING PRICE = Rs.110

8. PROFIT = selling price - total cost = 110 101.77 = 8.44

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