.11 Lycamobile 5:06 PM @ 82% ii. + MfgEngProc Team Project #1 Sp,18 1. Manufactu
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.11 Lycamobile 5:06 PM @ 82% ii. + MfgEngProc Team Project #1 Sp,18 1. Manufacturing costs are usually the largest part of the selling price of a product. Reproduce the pie charts shown on page 2 that illustrate this. Selling Price Manufacturing Costs-40% Selling Price 2. Define manufacturing, manufacturing processes, and manufacturing systems. 3. Define the following terms: - Goods - Services - Machine tool 5. A product's life cycle can be divided into 5 steps. List the steps and briefly explain them. 6. The book describes 5 types of manufacturing systems on page 33. Fill in the table below that summarizes these systems. System Type Esamples Service Product Job shop Auto assembly line Prodacing a movie 7. Basic Manufacturing Systems is shown in Table 2-2 on page 49 Open With PrintExplanation / Answer
1. Manufacturing cost is the sum of costs of all resources consumed in the process of making a product. The manufacturing cost is classified into three categories: direct materials cost, direct labor cost and manufacturing overhead.
Direct materials cost, labour cost and maching cost are the costs that involves mare money.hnce these costs are around 70-80% of selling cost. Other minor costs are Quality inspection costs, factory rent costs, land costs, power cost.
2. manufacturing means to make or produce something in large quantity using a machine or machinery.
manufacturing process is defined as Manufacturing processes are the steps through which raw materials are transformed into a final product. The manufacturing process begins with the creation of the materials from which the design is made. These materials are then modified through manufacturing processes to become the required part.
A manufacturing system can be defined as the arrangement and operation of machines, tools, material, people and information to produce a value-added physical, informational or service product whose success and cost is characterized by measurable parameters. Definition of manufacturing system design.
3.Goods are defines as A commodity, or a physical, tangible item that satisfies some human want or need, or something that people find useful or desirable and make an effort to acquire it.
Services are ntangible products such as accounting, banking, cleaning, consultancy, education, insurance, expertise, medical treatment, or transportation.
Sometimes services are difficult to identify because they are closely associated with a good
Operation is performance of a practical work or of something involving the practical application of principles or processe.
A machine tool is a machine for shaping or machining metal or other rigid materials, usually by cutting, boring, grinding, shearing, or other forms of deformation
Product life cycle steps:
There are five stages in Product Life Cycle:
After growth stage, next stage is maturity stage. The product is mature and very much familiar with market conditions and on top position.
In the maturity stage, product enjoys its high market share and cashing brand name.
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