CASTING COST ESTIMATING

EDUCATION FOR METALCASTERS, BY METALCASTERS
CASTING COST
ESTIMATING
COURSE DESIGNED FOR:
• CASTING ESTIMATORS
• INDUSTRIAL ENGINEERS
• SALES ENGINEERS
• MANAGERS
YOU WILL LEARN:
• PURPOSE OF A COST ESTIMATE
• COST COMPONENTS
• DEVELOPING STANDARDS
• ACTIVITY BASED COSTING
• TRAPS IN THE COSTING OF CASTINGS
• IE’S ROLE IN ESTIMATING
EDUCATING THE METALCASTING INDUSTRY
www.castmetals.com • 800/537-4237

Casting Cost
Estimating (#16-10)
Oct 13-14, 2009 • AFS Headquarters
Schaumburg, IL
Member: $675 • Non-Member: $775
This course uses a workshop approach to take students
through the basics of predicting job costs using example
jobs and blueprints students bring to class. Methods for
determining cost centers are covered, along with ideas
for assigning standard costs. Students will review sample
estimates using a form created during the lectures.
Course Location details and hotel group rate will be
provided upon registration. Room block release date is
2 weeks prior to course.
Students should bring sample blueprints to use
during the workshop portion of the course.
Course Instructors:
Robert Creese, Professor
West Virginia University
Rex Weinbender, Sr Proj Controls Specialist
Fluor Corporation
Doug Dallmer, President
CMS Associates, Inc.
Bill Marlatt, Mgr Ind Eng & Al Development
Grede Foundries, Inc.
The Cast Metals Institute has been reviewed and approved as an
Authorized Provider by the International Association
for Continuing Education and Training (IACET), 8405
Greensboro Drive, Suite 800, McLean, VA 22102.
COURSE OUTLINE
INTRODUCTION
TRAPS IN THE COSTING OF CASTINGS
• OVERVIEW OF COST ESTIMATING
BREAK EVEN ANALYSIS
• PURPOSE OF A COST ESTIMATE
(WHAT IT CAN & CANNOT DO)
INDUSTRIAL ENGINEERING’S
ROLE IN ESTIMATING
COST COMPONENTS
• CLASSIFICATION OF COSTS
THE COST ESTIMATE FORM
• COST ELEMENTS
• BEFORE COMPUTERS & SPREADSHEETS
• OTHER COSTS
• COMPUTER SPREADSHEET FORMS
• DATA REQUIREMENTS
DEVELOPING STANDARDS
• RECOMMENDED SELLING PRICE
• COST CENTERS
• PRICING & OPTIONAL PERFORMANCE
• MATERIAL & LABOR STANDARDS
COST ESTIMATING WORKSHOP
ACTIVITY BASED COSTING
• WHY WE USE IT
EVALUATION & FOLLOW UP TO
• HOW TO USE IT
AN ESTIMATE
• USE OF ACTUAL COSTS
DEVELOPMENT OF COST FACTORS
• REASONS FOR DEVIATION
• MATERIAL COSTS
• SAMPLE FOLLOW UP FORM
• LABOR
• CORRECTIVE ACTION
• VARIABLE OVERHEAD
• TOTAL VARIABLE COSTS
CMS EXCEL MODEL
• MANUFACTURING OVERHEAD
• SALES, GENERAL, ADMINISTRATIVE
Class Times: Tuesday 8:15am - 3:15pm, Wednesday 8:30am - 3:15pm