PPP About Business - Estimating & Costing

This presentation sets out the estimating and costing process for all types of product. Complete with slide notes and suggested student activities
Estimating is demonstrated using a set of three kitchen cabinets to be manufactured and then installed on the customers premises as an example of the full process. The final estimate for the product installed on site plus the profit margin is then quoted to the customer.
Costing is demonstrated showing how the actual costs of manufacturing and installation are compared to the original estimated costs and produce profit or loss value