Project Costing

5 .0 Classification of cost

5.1 Direct Material

No

Part name

Recycled/Purchase
d

Quantit
y

Price per
unit (RM)

Total
(RM)

Emergency Stop
Button
Push button
Buzzer
Terminal Block
RCCB 4 Pole
DC Relay
24Vdc/240VAC10A
MCB 1
Pole(240/50hz/6A)
Tower Lamp24Vdc
Power
Supply24Vdc
Eletrical Cable
0.75 mm2
Eletrical Cable 1.5
mm2
Eletrical Cable 2.5
mm2
Eletrical Cable 4.0
mm2
HMI

Recycle

29

29

Recycle
Recycle
Recycle
Recycle
Recycle

2
1
50
1
11

9
21
9.90
55
27

18
21
495
55
297

Recycle

8.50

42.50

Recycle
Recycle

1
1

170
250

170
250

Recycle

2 roll

Recycle

2 roll

Recycle

2 roll

Recycle

1 roll

2200

2200
3584.50

2
3
4
5
6
7
8
9
10
11
12
13
14

Recycle
TOTAL AMOUNT

5.2 Direct Expenses

No
1
2
3
4
5

Tool/Equipment/Standard Parts
Solenoid Valve
1 phase agitator motor
PLC
Platform
Manual Valve

Quantity
1
1
1
1
1

Price per unit

(RM)
100
1000
5000
300
20
Total

Total
(RM)
100
1000
5000
300
20
6420

5.3 Direct Labour

No
1
2
3
4
5
6
7

Process

Hours
required
10
4
4
5
5
8
10

Assembly
Wiring
Piping
Painter
Calibrator
Welder
Programmer

Price/hour
45
90
90
30
40
60
60

TOTAL

Total
(RM)
450
360
360
150
200
480
600
2600

5.4 Total direct cost calculation

Total direct cost = Direct cost + Direct Expenses + Direct Labour
= RM 3584.50 + RM 6420 + RM 2600
= RM 12,604.5
5.5 Indirect Cost
No
1
2
3

Description

Quantity

Meet supplier
Documentation
Stationary

5
6
1

Price per unit

(RM)
20
5
10
Total

Total
(RM)
100
30
10
140

5.6 Total Cost calculation

Total cost = Total Direct cost + Total Indirect cost
= RM 12, 604.5 + RM 140.00
= RM 12,465.5
6. Fixed and Variable Cost
No
1
2
3
4
5

Profession

Quantity

Engineer
Designer
Wireman
Welder
Programmer

1
1
1
1
1
TOTAL

Salary/Month
(RM)
1200
1100
900
900
900

Annual
Income (RM)
14400
13200
10800
10800
10800
60000

6.1 Variable cost

Variable cost = Total cost / unit
= RM 12,465.5

6.2 Selling price

= RM 28000.00

6.3 Break even output calculation

Break even output = fixed cost / (selling price variable cost)
= 60000.00 / (28000.00 12,465.5)
= 3.86