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{"ops":[{"insert":"You work as a value engineer in the manufacturing division of the company producing products\u00a0similar to\u00a0the one investigated in task 3 which are Aluminium\u00a0casting (to be machined)\n1\n18.00\nConnector\n4\n2.00\nSpring\n2\n2.50\nPiston\n1\n8.00\nSolenoid actuator (includes seals and fixings)\n1\n32.00\nLimit switch\n2\n6.40\n\u00a0\n"},{"attributes":{"bold":true},"insert":"Other costs"},{"insert":"\n\u00a0\nMachining\u00a0centre\u00a0purchase price\n\u00a3180,000\nDepreciation (straight line p/a)\n18%\n\u00a0\n\u00a0\nMachining time per unit\u00a0\n0.5 hours\nMachining\u00a0centre\u00a0cost per hour\n(labour, tooling, electricity,\u00a0etc)\n\u00a345.00\nAssembly time per unit\n2 hours\nAssembly\u00a0labour\u00a0cost per hour\n\u00a326.00\nTest and certification time per unit\n0.6 hours\nTest and certification\u00a0labour\u00a0cost per hour\n\u00a328.00\n\u00a0\n\u00a0\nVariable overheads (%\u00a0labour\u00a0cost)\n34%\nFixed overheads (% variable cost)\n25%\nProduction quantity (p/a)\n200 to 1600 p/a\n\n\nThis type of product has five main elements:\n\u25a0\u00a0a machined body with pressure connections\n\u25a0\u00a0a piston which slides within the body and regulates the flow of fuel\n\u25a0\u00a0springs to control the movement of the piston\n\u25a0\u00a0an electrical solenoid to move the piston\n\u25a0\u00a0Limit\u00a0switches to regulate the movement of the piston.\u00a0\nProduce a\u00a0short\u00a0report explaining some of the strategies which can be used to improve the cost-effectiveness of producing a manufactured product. Use either the valve detailed above or a product with which you are familiar\u00a0with; (possibly from\u00a0your place of work).\n"}]}

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