Typical Cost Study Contents

--[ SCOPE ]--
The Scope of a Foundry Cost Study spells out the goals of the study and how it was preformed. It will list and then document how the data for each of the major divisions of the study (i.e. Summary, Production Statistics, etc.) was obtained and why it was selected for inclusion.

--[ SUMMARY ]--
The Summary is used to correlate all of the data gathered and reported in the Foundry Cost Study. As most of the Foundry Cost Study is detailed in spreadsheet form, the Summary puts in to words conclusions that can be drawn from this data, and is often supported with charts and graphs.

--[ PRODUCTION STATISTICS ]--
The Production Statistics section of the Foundry Cost Study will include such items as the type(s) of metal poured, casting weights, scrap percentage, number of patterns and number of pattern changes for a selected period of time that the report covers.

--[ HISTORICAL DATA ]--
The Historical Data section documents trends such as increased scrap rates, production costs, man-hours per ton of net good castings etc.. By identifying these trends, logical conclusions can be drawn for use in the evaluation new processes and/or facilities.

--[ PRESENT LABOR DISTRIBUTION ]--
The Present Labor Distribution section of the report documents the man-hours per work area and product. Work areas are typically divided into core room, molding, cleaning, etc.

--[ PRESENT OPERATING COSTS ]--
Present Operating Costs is a summary of costs, based on Historical Data, broken down by divisions such as Labor, Metal, Indirect Materials and Overhead. From this data a cost for Man-hours / Net Good Ton of castings can be ascertained.