Cost Calculation Formula:
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Definition: This calculator estimates the total cost of injection molding based on material costs and machine time.
Purpose: It helps manufacturers and product designers estimate production costs for plastic parts.
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 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: How do I determine cycle time?
A: Cycle time depends on part size, material, mold complexity, and machine parameters. Consult your molding technician.
Q3: What's a typical material price range?
A: Common plastics range from $0.30-$2.00/lb, with engineering resins costing up to $10/lb or more.
Q4: Does this include mold costs?
A: No, this calculates per-part production costs only. Mold costs should be amortized separately.
Q5: How accurate is this estimate?
A: It provides a baseline estimate. Actual costs may vary based on setup, scrap rates, and secondary operations.