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Membership Services Seminar

Costing and Pricing Jobs in Today’s Economy

Precision Metalforming Association
6363 Oak Tree Blvd.
Independence, OH 44125
Phone: 216-901-8800
Tuesday, June 18, 2013, 10:30 AM EDT
Tuesday, June 18, 2013, 2:30 PM EDT
For more information, contact (PMA Technical Program Manager)
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Event Details  SOLD OUT


• Techniques for developing standard methods for costing and pricing jobs.
• How to establish rate structures for labor, material, overhead and machine rates.
• How to calculate costs for toolroom, production and die repair.
• How to recover the cost of capital investments.
• How to earn profit yet remain competitive.
• Techniques for integrating new accounting changes into existing computerized
   or manual systems.
• How to price jobs in a global market.

Who Should Attend
This program has been developed specifically for contract manufacturing companies serving the precision metalforming industry. If you are responsible for costing and quoting jobs and/or the bottom line, you should attend.

      I. Cost vs. Price Standards

      II. Cost Standards
               A. Timing of Costs
               B. Type of Service Provided
                     1. Job Shop - Job Costing
                     2. Manufacturing - Standard Costs or Process Costing?
               C. Type and Allocation of Costs
                     1. Material
                     2. Labor and Machine Hours
                     3. Overhead
                     4. Toolroom
                     5. Production
                     6. Die Maintenance and Repair

      III. Price Standards
               A. Rate Structure
                     1. Return on Investment (ROI)
                     2. Cost of Money
               B. Flexible Volume Level Considerations—Including Break-Even Analysis
               C. Developing Meaningful Rates

      IV. Accounting Considerations

      V. Activity-Based Costing

      VI. Quality Control Costs

      VII. Capital Budgeting Overview

      VIII. Considerations for Selling in a Global Marketplace

      IX. Question and Answer Session

Ken Julien, Jon Wood and Kevin Louden, Plante Moran, Chicago, IL,  audit professionals specializing in manufacturing, cost accounting, cost modeling, activity-based costing and related projection preparation. Presentation discusses implementing job cost systems and flexible budgeting models to help clients calculate variations in manufacturing volume. They also will cover productivity performance standards and activity-based costing systems to help clients better allocate the cost of nonvalue-added activities (design, engineering, material handling, quality control, etc.)

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10:30 a.m. Presentation
12:00 p.m. Lunch provided
2:30   p.m. Adjourn

Seminar Location

Precision Metalforming Association
6363 Oak Tree Blvd.
Independence, OH  44131

Hotel Accommodations

Holiday Inn Cleveland South Independence
6001 Rockside Rd.
Independence, OH  44131
Please call the hotel directly to make room reservation.  Reference Precision Metalforming Association to receive a special rate of $95 (plus tax).  Hotel accommodations include complimentary shuttle to and from Cleveland Hopkins International Airport and to PMA.  

Seminar Registration

PMA members: $149 per person

Nonmembers:  $199 per person