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SOP Costing
SOP Costing
L-46,MIDC-AMBAD,NASHIK (422010)
Tabulate each child part item with part no as per BOM in excel in one collumn having 1 part in each row
Add quantity of each part in Next collumn with same row of child part
Next 3 columns includes size of part as per length width and thickness
calculate the weight of each part in next collumn with formula (LxWxTx0.00000785)
calculate the total weight of each child parts in next collumn by multiplying by quantity and add 10% more for
scrap
In next collumn multiply the tabulated weight to rate of material as per market rate
After calculation of weight add next collumn as many as number of processes includes in the part to complete
and apply standard rate decides or supplier quotations
After all process and raw material rate calculation add all the ammount from raw material rates to process
rates in nxt collumn so we can get final rate per child part
PREETI ENGINEERING WORKS,
L-46,MIDC-AMBAD,NASHIK (422010)
Now add profit (15%) on the sum calculated to get final ammount of part