Injection Molding Cost Formula:
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Definition: This calculator estimates the total cost of injection molding based on material weight, material price, cycle time, and machine hourly rate.
Purpose: It helps manufacturers and product designers estimate production costs for plastic parts made through injection molding.
The calculator uses the formula:
Where:
Explanation: The cost has two components - material cost (weight × price) and machine time cost (cycle time × hourly rate).
Details: Accurate cost estimation helps in pricing products competitively, budgeting for production runs, and comparing different manufacturing options.
Tips: Enter the material weight in pounds, material price per pound (default $0.50), cycle time in hours, and machine hourly rate (default $75). All values must be > 0.
Q1: What's included in the machine hourly rate?
A: This typically includes machine depreciation, maintenance, energy costs, and operator wages.
Q2: What's a typical material price for plastics?
A: Common plastics range from $0.30-$2.00/lb, with engineering-grade materials costing more.
Q3: How do I determine cycle time?
A: Cycle time depends on part size, complexity, and material. Consult with your molding provider for accurate estimates.
Q4: Does this include mold tooling costs?
A: No, this calculates per-unit production costs only. Mold tooling is a separate upfront cost.
Q5: How can I reduce injection molding costs?
A: Optimize part design for manufacturability, use less material, reduce cycle time, or negotiate material prices.