CASTING COST www.castmetals.com ESTIMATING

1 NON-PROFIT POSTAGE PAIDSCHAUMBURG, ILPERMIT NO. 82 cast Metals Institute, N. Penny LaneSchaumburg, IL cast Metals Institute has been reviewed and approved as an Authorized Provider by the International Association for Continu-ing Education and Training (IACET), 8405 Greensboro Drive, Suite 800, McLean, VA 12-13, 2008 Holiday Inn ExpressFort Worth, TexasIn the past, foundrymen frequently produced castings without a detailed examination of material, tooling and labor costs. In today's competitive environment, this is no longer possible. Job- cost estimates become man-datory when a one-percent change could be the difference between profit and loss. Careful cost estimates and reliable standard costs are becoming necessary for economic survival. All employees who are in any way involved in the profit margin management process (which includes cost -reduction programs) should be educated to have a working knowledge of the costing/pricing management process.

2 Everyone should know how their piece of the costing process affects the cost competitiveness of their cost ESTIMATING has been developed to assist in learning the entire ESTIMATING process, from weight estimation to the final quote. Learn traps to avoid in the costing of castings. We also will be producing quotes from prints that students bring to class, utilizing computer-based CASTING ATTEND CASTINGCOST ESTIMATINGWHO SHOULD ATTENDI ntended for management, industrial engineers, CASTING sales engineers, buyers and estimators. INSTRUCTORSR obert C. Creese West Virginia University, Morgantown, WVDoug Dallmer cast Metals Systems, Naperville, ILWilliam Marlatt Grede Foundries, Vassar, MIRex Weinbender Fluor Global Services, Greenville, SCTHE f IRST NAME IN cost ESTIMATINGCAST METALS INSTITUTE, INC.

3 1695 N. Penny Lane, Schaumburg, IL 60173-4555 All fees payable in dollars or payment to: 35169 Eagle Way, Chicago, IL 60678-1351 Check EnclosedFor Credit Cards:To register toll free, call 800/537-4237 or 847/824-0181. FAX: 847/824-2174 The following information is required in order to charge American Express MasterCard VISAA ccount Number Exp. DateAuthorized SignatureCourse No. 8-170 November 12-13, 2008 CASTING cost ESTIMATING (31-09) AFS Member: $635 AFS Non-member: $735 Holiday Inn Express Fort Worth, TXName _____ Title _____Name _____Title _____Company _____Address _____City/State/Zip_____Telephone _____FAX/E-mail cost ESTIMATING Member$635 Reg #31-09 TotalCasting cost ESTIMATING Non-member$73531-09 Course Hours The first day of the course is from 8:15 to 3:15 and the last day is from 8:30 to 3:15 Fee and Discounts The registration fee is $635 for AFS members and $735 for non-members.

4 Fee covers all course materials, luncheons and coffee breaks. (Payable in dollars or equivalent.)Tax Deduction of Expenses An income tax deduction is allowed for expenses of education (including registration fee, travel, meals and lodging) undertaken to maintain and improve professional skills. (See Treas. Regulation )Cancellations and Substitutions Substitute students will be accepted anytime. However, cancellations of confirmed registrants with full refund of course fees cannot be accepted unless received one week prior to course date. After that time, a $25 penalty will be assessed. In the unlikely event a course is cancelled for any reason, CMI liability is limited to the return of the registration Education CMI will award CEU to each participant who successfully completes this program.

5 The CEU (Continuing Education Unit) is a nationally recog-nized unit of measure for continuing education and training programs that meet certain criteria. CMI students will receive CEU certification upon successful completion of the course. Certificates of completion will be issued to each student awarded CEU. A permanent record of each individual s completion will remain on file, with copies issued to each participant upon Registrants should make hotel reservations directly with the Holiday Inn Express Hotel & Suites, 3541 NW Loop 820 , Fort Worth, TX 76106. Telephone 817/624-0303. The Holiday Inn offers a discounted room rate of $ for our attendees. Please identify your affiliation with the cast Metals Institute to receive the special rate. Reserve rooms early. The last day our room block will be protected is two weeks before the , NovEMBER 12 8:15 3.

6 15 Overview of cost ESTIMATING Purpose of a cost Estimate What It Can and Cannot Do cost - ESTIMATING Societies, Associations & PublicationsCost Components Classification of Costs Fixed, Variable & Semivariable Direct & Indirect cost Elements Material Labor Overhead Sales, Administrative & General Profit/Mark-Up Other Costs Tooling Machining Packaging Shipping Contracted Services Setup ChargesDeveloping Standards cost Centers Material Standards Labor StandardsActivity Based Costing Development of cost Factors Final Results Material Costs Labor Variable Overhead Total Variable Costs Manufacturing Overhead Sales, General & Administrative Profit/Mark-UpTraps in the Costing of CastingsTHURSDAy, NovEMBER 13 8:30 3:15 AnalysisIndustrial Engineering s Role in EstimatingThe cost Estimate Form Computer Spreadsheet Forms Data Requirements Recommended Selling Price Pricing & Operational PerformanceCost ESTIMATING Workshop Students will develop their own estimates, using a spreadsheet cost ESTIMATING Using Excel Evaluation & Follow-up to an EstimateCourse Evaluation & ConclusionCASTING cost ESTIMATINGN ovember 12-13, 2008 Holiday Inn Express Fort Worth, Texas