estimate the cost

This week I research the manufacturing cost. 

It shows here.

 

Research costs- how many man hours have you invested in researching the product?

$30/hr per person (4 people)

·         ClassMeeting                                                                                                                                                   20hrs

·         Outside meetings                                                                                                                                           10hrs

·         Labor (hours spent by each individual)                                                                                                   10hrs

·         Costs associated with testing your idea (gas, phone calls, office supplies, other services)               N/A

·         TOTAL COST: 40hrs($30/hr) = $1,200(4 people)                                                                                   $1,200

Materials - what are the costs associated with materials needed to produce the product.

·         Raw materials (things you will purchase)

o   Chip board          $4.99per 10pk                                                                                                    $4.99

o   Bottle                    $0.50 each                                                                                                           $0.50

o   Printing                                $0.25 per sheet                                                                                                 $0.25

·         Flat Leaf Spinach (9 ounces)                                                                                                                            $1.69

·         Vanilla Soy Milk (half gallon)                                                                                                                           $2.39

·         Mandarin Oranges (3 pounds)                                                                                                                          $2.49

·         Fage Greek Yogurt (17.6 ounces)                                                                                                                     $1.99

·         Bananas                                                                                                                                                                $.45 per

·         Frozen Strawberries (2 pounds)                                                                                                                        $3.49

 

Labor - what are the costs associated with the labor to produce the product

·         Manufacturing costs                                                                                                                                       $1,200

·         Assembly costs

·         Design costs: 40hrs ($30)=                                                                                                                            $1200

·         Production costs                                                                                                                                              $3.00

·         Q/C costs (testing the soundness of the product)                                                                             $50

Branding and packaging

·         Design costs (man hours needed to produce the designs)                                                            $10

·         Material costs (mateirals needed to produce the branding and packaging)                            $5

Production costs ( man hours needed for implementation)