Basics of Manufacturing Costs

This class describes the basic costs associated with manufacturing and how these costs are typically controlled.


Course Objectives:

  • Define costs
  • Distinguish between direct and indirect costs
  • Define direct labor and direct materials
  • Define factory burden
  • Describe tooling costs
  • Define product engineering costs
  • Identify general and administrative costs
  • Define sales and marketing costs
  • List the types of costs in relation to product volumes
  • Identify fixed costs
  • Identify variable costs
  • Identify semi-variable costs
  • Define step-variable costs
  • Describe the benefits learning can have on costs
  • Describe the benefits of cost analysis.


Recommended Background

  • Recommended for manufacturing personnel, including technicians, engineers, and managers
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Course ID

TU017

Skill Focus

Smart Business

Instructor(s)

ToolingU

Employee Type

1st level supervisors, leadership, change leaders

Method of Delivery

Digital

Estimated Effort

1.5 hrs

Cost

Negotiable


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