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Project Costing Template

The document provides a breakdown of the costs for a project. It lists direct material costs totaling RM3,584.50. Direct expenses total RM6,420 including items like a solenoid valve and PLC. Direct labor costs are RM2,600 for various processes like assembly, wiring and programming. The total direct cost is RM12,604.50. Indirect costs are RM140 for items like meetings and stationary. The total cost is RM12,465.50. Fixed costs are RM60,000 per year for salaries. The variable cost per unit is RM12,465.50. The break even point is 3.86 units based on a selling price of RM28,000 per unit.

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Khalied Hafeez
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152 views

Project Costing Template

The document provides a breakdown of the costs for a project. It lists direct material costs totaling RM3,584.50. Direct expenses total RM6,420 including items like a solenoid valve and PLC. Direct labor costs are RM2,600 for various processes like assembly, wiring and programming. The total direct cost is RM12,604.50. Indirect costs are RM140 for items like meetings and stationary. The total cost is RM12,465.50. Fixed costs are RM60,000 per year for salaries. The variable cost per unit is RM12,465.50. The break even point is 3.86 units based on a selling price of RM28,000 per unit.

Uploaded by

Khalied Hafeez
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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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

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