Injection Molding Cost Formula:
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Definition: This calculator estimates the 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, and making design decisions.
Tips: Enter material weight in pounds, material price per pound (default $2.50), cycle time in hours (default 0.25), 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, labor, and overhead costs.
Q2: How do I determine cycle time?
A: Cycle time depends on part size, complexity, and material. Consult with your molding machine operator or use industry standards.
Q3: What's a typical material price range?
A: Common plastics range from $1.50-$5.00/lb, with engineering-grade materials costing more.
Q4: Does this include mold/tooling costs?
A: No, this calculates per-unit production costs only. Mold costs are typically amortized separately.
Q5: How can I reduce injection molding costs?
A: Optimize part design for manufacturability, reduce material usage, and minimize cycle time.