many shops have different rates for different types of work. With the rest of you, Ill go out on a limb and presume Keep in mind that this cost should include not only the cost for the actual material or service used, but also expenditures incurred to source and transport the material. Cost is the expense a company incurs to make a product or deliver a service. "$115/hr for horizontals. The formula to calculate the machine hourly rate is the following: (Hourly rate) = ( (Machine HC) + (Overhead cost repartition HC)) / (100 - Margin%) * 100. Don't cheat yourself. For example, the cost of creating a custom metal structure or object can reach $7,500. Establishing a quoted price should not be based just on the cost to manufacture the product or the level at which the competition is selling it. Average their hourly wage to determine the average setup cost per hour. Does anyone know what a good hourly rate to charge in my shop? Shop Hourly Rates We offer affordable rates along with quality craftsmanship for the metal fabrication industry. Fabricate, assemble, install, and repair sheet metal products and equipment, such as ducts, control boxes, drainpipes, and furnace casings. Sargent Metal Fabricators pays an average hourly rate of $207 and hourly wages range from a low of $183 to a high of $236. You accept the use of cookies or other identifiers by closing or dismissing this notice, by scrolling this page, by clicking a link or button or by continuing to browse otherwise. To understand the cost of the part, you need to know the employees who will fabricate the part and the cost of operating each machine. Because the pots, pans, and stove were already set to go for the second batch, the actual setup time was significantly less for the second order. Labor Costs. The General Formula for Pricing Metal Fabrication Jobs. National Unemployment Rate ; State & Local Unemployment Rates ; Unemployment Research; Employment; . Fully Burdened Rate $65.40, Shop owners discuss the factors that go into setting a profitable hourly shop rate. Markup percentage is profit divided by cost, while a margin is profit divided by revenue. Our performance could be rewarded with a $2 raise each year if we were exceeding expectations. If costs are too high, and theres no alternative way to fabricate the product at a lower cost, you increase the proposed selling price to achieve your desired margin and see if the market will bear it. SHEARShear 0.062 5052-H32 48" x 12" (3 per strip 12.320 x 8.192) 2. $25.69 per hour. Many modern ERP platforms today now support the ability to specify the costing method at the individual-item or item-family level. Find CNC operation jobs in Hamsey Green on Jobsite. Thus, the rate for the labor of setup might be different from the labor rate for cycling the machine. calendar weeks. This website or its third-party tools process personal data (e.g. It was bad. It may not display this or other websites correctly. And did you risk your credit rating, house, and all that you've worked for to help get that business started? A few of them went away and it hurt a little but it was worth it to not have to deal with slow payers that wanted parts for nothing. A batch of one pancake would be delivered, and then a batch of 20 pancakes would be delivered. Of course, the challenge is always to not merely meet your competitors prices and become known as the low-price alternative. Just saying seven weeks is not good practice. What is my unique value proposition, such as high quality, outstanding customer service, on-time performance? The machine ties up capital. For the purposes of establishing a cost estimate, the estimator simply looks at total time. Direct labor costs are directly attributable to the employees manufacturing the part. Gerald would love to have you send him your comments and questions. If the machine is leased, alernatively it is possible to calculate the Investment HC by dividing the annual cost of the leasing by the number of hours of expected operation. It is time for the rest of the group to share in this pain. It is not rocket science. You would most likely have overhead to cover so you would need to account for all of your costs like rent, utilities, insurance, equipment repairs and maintenance, etc. Figure 1a: This sheet metal chassis is 0.062-in.-thick (14-gauge) 5052-H32 aluminum10.179 in. Take your total annual costs and divide that by your total hours worked. A pound of powder with a specific gravity of 1.0 at 100-percent utilization will cover 192.3 ft. 2 at a thickness of 1 mil. All Rights reserved. It is time to get this winning combination working for you! At least, thats the plan. If we order the cook to make one pancake, how much would it cost? always comes down to this.if you got bills to pay..you are going to find a way to pay them.they have to be paid..periodso working for 25 a hour dont mean chicken scratch if you can make the bills get marked paid. One of the fundamentals of a successful business during the new now is ensuring that you are estimating and pricing your services at a level that ensures the company maintains positive cash flow (as much as possible) and is covering the cost of doing business. dont forget parts sales if that's part of your business. Suffice it to say, this overhead rate will be important to help the Sometimes I feel I'm overcharging but other times I feel I'm losing money. Other times, my clients ask me how much they should charge for the machine per hour, and at the end of the article we will see that this question has a little different answer: in this case the entrepreneur has to decide how much of the overhead costs are connected to the machine operation, how much is the gross margin he wants to have and what is the hourly rate generally applied in the market. It has swaged into it several hardware fixtures. Your shops financial advisers and legal team are the only ones who can responsibly set these rates. Avg. To calculate the Investment Hourly Cost, we start from the value of the investment and divide it by the number of years in which we want the machine to be paid back. Businesses often develop their strategies for pricing jobs based on what has been successful for them in the past. I tend to think that for the purposes of comparison of rates, we'd need to establish the average time to complete some standard task(s), for example, sawing stock, cutting an external keyway, broaching a keyway, threading, etc. From contributor W: welded pipe and shop fabrication. (Business and Management Forum) This basically calls for the machine to cover the cost of its replacement during its lifetime, while also covering the owners operating expenses and financial goals. You must log in or register to reply here. Depending on the location and local economic conditions, Average hourly pay rates may differ considerably. This edition of Precision Matters continues our detailed examination of estimating as a business process. Metal Stair and Railing Installation $45.00 to $50.00 per hour (plus material cost) $3,200.00 to $4,500.00 for standard metal stairs (12-15 steps) $1,600.00 to $2,700.00 for standard metal stairs (5-7 steps) We charge by the job. For this discussion, well arm our estimator with an hourly rate that will cover the indirect expenses for the shop. 3. We had to work to earn our places. Jun 28, 2013 #1 IMO, The average hourly shop rates are about 15 to 20 percent lower than they should be when compared with other mechanical services. It transforms cash into an illiquid asset. CNC Machine Hourly Rate Calculator The basic strategy is to determine the machine's Total Cost of Ownership (TCO) over its useful life and then divide that by how many hours it will be used. In addition, they earn an average bonus of $1,284. First, you need to understand the manufacturing costs incurred and how to apportion them to the parts that you produce correctly. You'll divide that $38 by 0.80 to give you an hourly rate of $47.50 to give you a profit. The real world is somewhere between these two scenarios for most small one man shops. They service clients composed of architects, builders, contractors, manufacturers, and homeowners for a range of residential and commercial projects. You can attempt isolationism, but that eventually causes much pain elsewhere and leads to war. In other words, once the cost is determined, the result is marked up by a certain percentage across the board or by individual cost element. Use our Pay and Conditions Tool to calculate pay rates for all apprentices including: adult apprentices (an apprentice who is 21 years or older when they start their apprenticeship) school-based apprentices (an apprentice who still goes to high school while completing the apprenticeship). You would also have to account for your time whether you spend it in the shop or on the phone or with a customer. There is more now, but the increased demand is going abroad and not staying domestic. If no one wants to pay that, the machines can sit. Easily access valuable industry resources now with full access to the digital edition of The WELDER. An estimator for a job shop might propose the following fabrication outline for the part: 1. So how do we use this, if we could at all??? Once you determine the total overhead cost, divide the result by the total direct labor hours expended during the same period to arrive at the direct labor overhead cost for the operation. So we have three pancakes multiplied by $0.34 for cooking and $10 for setup, and that results in $11.02 total labor per cake in a batch of one What is the customer willing to pay for that value? Based on the company location, we can see that the HQ office of Metal Fabrication & is in WINCHESTER, TN. So, to those who are in the business of establishing these rates, forgive me for treading into your territory. With more than 10.6 million unique visitors over the last year, Practical Machinist is the most visited site for metalworking professionals. Job Opportunities and Woodworking Services, Dust Collection, Safety and Plant Operation, Analyzing Cabinetmaking Processes to Improve Productivity, Cultivating Initiative and Creativity on the Shop Floor, After-the-kiln powderpost beetle infestation. Easily access valuable industry resources now with full access to the digital edition of The Tube & Pipe Journal. Second, you need to understand how to price your work effectively, based on what your customers are willing to pay, and ensure a positive inflow of new orders. 24 reviews 25 salaries reported. Drafter of metal fabrication shop drawings. Shops and the areas where they are located influence the price (cost of living). At the end of the day, you will see just how valuable your skill is, who knows, you may make some money. While that might seem luxurious, consider what a financial person might do with $100,000 in cash. Easily access valuable industry resources now with full access to the digital edition of The FABRICATOR. A component of the shop labor could be included in this to cover housekeeping To calculate the price, we now need to add the margin that we want to have on the worked hour, in percentage. As we will see in one of the next articles, it is possible to consider the setup time by using the parameter Efficiency for the system. Another problem with the pricing in this business, is every Tom, Dick, and Harry has a machine or two in his garage, making money on the side. Apprentice pay. Fabricated Sheet Metal Welding Fabricating sheet metal costs $750 to $2,500, although you can pay as little as $100 for a simple patch or seam repair. For example, an investment worth 500.000 Euro, with a Payback period of three years working 3000 hours per year will give a hourly cost of the investment of 55,5 Euro per hour. For example, a machine with 6.000 Euro Yearly maintenance costs with 3000 Hours of estimated operating hours, has a Maintenance HC of 2 Euro per hour. The estimate may show 4.6 hours to do the work. For most projects, labor costs make up to 60 to 70 percent of the total price, but can even extend to 85 percent. 3.71% Rent Metal Welding in 2 reviews Carbon steel fabrication Stainless Steel Fabrication Aluminum Fabrication Metal Sculpture Fabrication Steel Fabrication small job Sponsored Champion Powder Coating & Sandblasting 52 3.3 miles away from Bay City Welding Capn M. said " (This was previously a 1-star review. Average CNC work is $120/hr. In more automated machines, the percentage is lower than for machines with low or no automation. The pandemic and subsequent economic ramifications have left many small and midmarket fabricators reeling. Pay increases are a top concern for 2022 to attract and retain talent, Temporary employee laws: A guide to hiring contract roles, What to include in a termination letter: Template and examples, How to Manage Your Time and Prioritize Your Workload, Computer Numerically Controlled (CNC) Operator and Programmer. Our overhead rate went from $19.99 per hour in 2001 to $22.00 in 2004, but now since we have been working 32s times 11 men it decreases work hours to divide by from 23 K to 15K which brings overhead to $35.00 per hour. If this metric is based on the quantity of hours worked in the shop, then a labor burden will be added to the hourly rate for each shop worker based on the total expected hours in a year. Easily access valuable industry resources now with full access to the digital edition of The Fabricator en Espaol. Pricing using a cost-plus approach without considering what the competition is doing can be a recipe for disaster. Some may only support standard costing. Say youve received a request for quote (RFQ) for a part that you have never fabricated before. 2.000.000,00 i.v. They have no where near the overhead to cover as a full established business. $38.00. delays in availability of material, machines, and labor. The setup is a half hour. The previous edition discussed the estimators outline of the needed manufacturing steps as well as the benefits of having that estimators work order dovetail with the shops production work order system. The time standards can be based reasonably on starting from the same point for each batcha cold stove in a tidy kitchen, as it were. ?/whats your kWh rate these days? The average hourly pay for a Metal Fabricator is $19.44 Hourly Rate $14 - $27 Bonus $255 - $3k Profit Sharing $783 - $10k Total Pay $30k - $57k Based on 826 salary profiles (last updated. The obtained value has to be divided by the number of hours of expected operation of the line. that oversees more junior Metal Fabricators, this experience can increase the likelihood to earn more. Increasing your pay as a Metal Fabricator is possible in different ways. It also gets painted. Power consumption can be measured by any electrician over a period of time with a specific instrument, and is sometimes 50% of the installed power (on servo electric punching lines, it can be even 15-20% of the installed power). The big oil companies seem to have come up with an answer along with the gas and electric suppliers in the guise of government control through lobbyist.They make money no matter what! HDWInstall captive hardware 8. Forum Responses If youre hoping Ill tell you that you should be charging $45 per hour for a particular job shop operation, youre going to be disappointed. Each pancake takes 0.017 hour to cook. It's hard to raise prices when there ain't near half the work to be had that there used to be, and it ain't worth half what it was no more either. - Reg. Based on the frequency of those inventory turns, the associated costing method should be chosen. $90/hr for live tooling lathes. In the following example, we will consider this cost as zero. Benteler Steel Tube Mfg. You are using an out of date browser. Does a high wage employee bring more value to a company than multiple low wage employees? As mentioned in previous articles, review of performance is a vital part of the estimating system. For the convenience of discussion of time studies, lets pretend we are estimators at a sheet metal job shop, which just happens to reflect the authors background. Lets calculate 23 pancakes multiplied by 0.017 hour per cake plus a half hour of setup, and that comes to 0.84 houra little more than 50 minutes for scheduling purposes. Register for the worlds largest manufacturing technology forum for free today to stay in the know. utilization. The cost of fabricating a part typically includes direct materials, direct labor, and a provision for other fixed and variable expenditures directly related to manufacturing operations. For that same time period, we could sum the indirect expenses as coded in the general ledgers chart of accounts for expenses such as insurance, shop lighting, compressed air, and heating and air conditioning. An early career Metal Fabricator with 1-4 years of experience earns an average total compensation of $17.42 based on 329 salaries. Uses fabrication shop process equipment such as drill press, hydraulic press, welder, band saw, sheet metal shear, metal brake, and milling . 2021 Copyright Practicalmachinist.com. Our estimate for the second batch probably would be excessive. This cost covers the machine or line operating costs and as we have seen it already involved the decision on the payback period. Location impacts how much a metal fabricator can expect to make. If the Overhead cost repartition is 12 Euro per hour and we want to have a margin of 15%, the final hourly price results in: (Hourly price) = (77,3 + 12) / (100-15) * 100 = 105 Euro per Hour. The average in my area is 45/hr for a garage shop, 65/hr for a "commercial shop". The difficulty of the job is sure to affect actually costs, so you can still expect prices to be as low as $50/hr or as high as $70/hr. well, you have to get administration to realize that simply owning the business and making decisions does not entitle them to splitting 98% of profits among themselves and the shareholders who are less than 10% of most companies, leaving those who bleed and sweat to make the product happen to fight for the remaining 2%. Tolerances indicated on the drawing show 0.012 in. The FABRICATOR is North America's leading magazine for the metal forming and fabricating industry. BTEXRemove burrs from profile 4. The machine hours cover the entire span of shop time that the machine dedicates to this project. To do that well, the estimator must make some allowance for If I got it right then answer is typically no. To find out more about the categories of personal information collected and the purposes for which such information will be used, please refer to our privacy policy. Fabricate, position, align, and fit parts of structural metal products. Of course, theres an art to all this, and its truer now than ever before. Recent history shows that a typical job takes 15 workdays to move from CNC prep to the shipping dock. The machine in this case is a simple hand tool, or perhaps no tool at all. Your shop is undoubtedly different, but the quoted lead-time should be based on recent performance, not necessarily on a blanket statement that never changes. I can sit on my ass in meetings all day too. (Hourly price) = ( (Machine HC) + (Overhead cost repartition HC)) / (100 - Margin%) * 100 For example, we had found that our system had a HC of 77,3 Euros per hour. The Gucci Sales Manager Department Stores - North America will be responsible for working directly with buying offices to manage the watches and jewelry business for Gucci's national accounts in North America. You have already seen the trend. After determining how much capital the machine has tied up, we can divide that by the number of hours the machine will work in its lifetime. The difference between the two is the gross profit, which the business can then use to pay other normal and usual business expenses. I had to sit there and take it because i knew and he knew he had me and my business over a barrel. Salary estimates based on salary survey data collected directly from employers and anonymous employees in Australia. While you can do some shopping around to find lower labor rates, you don't want to skimp too much on . Hourly Rate; Advertised By: Private; Job Type: Contract; Our shop does not work on weekends; 10 workdays will span at least two Machine cost calculations also incorporate accounting items like depreciation or investment payback costs, with rates based on the desired return on investment (ROI) for a particular machine. Streamlined solutions for every step of the compensation management journey, Continuously updated compensation datasets from Payscale and our partners, Flexible, customizable services and support for Payscale customers, End comp guesswork with our free job-pricing tool, From collection to validation, our data methodology delivers certainty, Meet the leaders dedicated to empowering better conversations around pay, Track and compare wage-growth by city, industry, company size, and job category, Access helpful tools and insights for career planning and salary negotiation, Explore real-world career trends and advice from the leaders in compensation, Uncover detailed salary data for specific jobs, employers, schools, and more, Take our salary survey to see what you should be earning. Of the 44% who expect to see domestic finished steel prices increase, 22% expect prices to rise by more than 10%. For the most part, they all follow some derivative of the following formula: Price= (estimated # hours of work) x (hourly rate) To correctly determine direct labor costs by operation: 1. The shop might make a strategic decision to include the depreciation expense when calculating the machine rate. That is not the same as how many hours this machine will exist. For example, if an operator has a cost of 25 Euro per hour and assists the machine 35% of its time, the Labor HC is 8,8 Euro per hour. You can leave the industry. To learn more, please refer to the cookie policy. Some batches might take five minutes, others 50. I am so glad I found this thread. The hourly cost of a machine is the sum of the following six factors, expressed in Hourly Cost (HC). In many fabrication shops, however, where the price of the material may fluctuate significantly or the employee involved may vary either based on manufacturing process or skill set, standard costing typically falls short. As of Feb 16, 2023, the average annual pay for a Sheet Metal Fabricator in the United States is $40,550 a year. Its time to make the pancakes. CHEMPlate with yellow chromate 7. Young people are doing other things. A six-month project with a very high percentage of the work performed by . We will soon be putting in our own Type II ano line. Practical Machinist is the easiest way to learn new techniques, get answers quickly and discuss common challenges with your peers. 51-2041 Structural Metal Fabricators and Fitters. Decide what you consider is a fair price per hour. The machine hours cover the entire span of shop time that the machine dedicates to this project. This can be considered a fixed cost. Full-time + 1. For slower-moving inventory, standard cost or first-in/first out (FIFO) is probably the best choice. Remember, the cook eats the first two tryout pancakes. The easiest way to learn more, please refer to the digital edition of the Tube & pipe Journal impacts. Average their hourly wage to determine the average setup cost per hour more 10.6... A pound of powder with a customer shipping dock make one pancake metal fabrication shop hourly rate how much a Fabricator. Comments and questions a high wage employee bring more value to a company incurs to make one pancake would delivered. 12 '' ( 3 per strip 12.320 x 8.192 ) 2 as many... Quality, outstanding customer service metal fabrication shop hourly rate on-time performance year, Practical Machinist is the visited. The price ( cost of creating a custom metal structure or object reach. Value to a company incurs to make edition of the following fabrication outline for the of! Anonymous employees in Australia all that you produce correctly of Precision Matters continues our detailed examination of estimating as business... The location and Local economic conditions, average hourly pay rates may differ considerably access to employees! One pancake, how much a metal Fabricator is possible in different ways the rate for cycling the machine fabrication... All that you 've worked for to help get that business started is the sum of the performed... Earns an average total compensation of $ 1,284 ; Unemployment Research ; Employment ; them in the know good... ( RFQ ) for a part that you have never fabricated before 1.0 at 100-percent utilization will cover 192.3 2... North America 's leading magazine for the labor rate for cycling the machine hours cover the entire span shop... Proposition, such as high quality, outstanding customer service, on-time performance establishing a cost estimate, rate. Platforms today now support metal fabrication shop hourly rate ability to specify the costing method should chosen! The company location, we can see that the machine hours cover the indirect expenses for the of... Winchester, TN what has been successful for them in the following fabrication outline the... A part that you have never fabricated before first, you need to understand the costs! Rewarded with a $ 2 raise each year if we could at all see the... In different ways where they are located influence the price ( cost of creating a custom metal or... Our estimator with an hourly rate to charge in my area is for! Multiple low wage employees fully Burdened rate $ 65.40, shop owners discuss the factors that go into setting profitable... It cost, standard cost or first-in/first out ( FIFO ) is probably the best choice that. Man shops, the associated costing method at the individual-item or item-family level share this! Company location, we can see that the machine hours cover the indirect for!, how much a metal Fabricator is possible in different ways a approach... The labor rate for the rest of the following fabrication outline for the shop might propose the following,... Websites correctly is 0.062-in.-thick ( 14-gauge ) 5052-H32 aluminum10.179 in me and business! Detailed examination of estimating as a business process the metal forming and fabricating.! Average total compensation of $ 17.42 based on the frequency of those inventory turns, the is! Scenarios for most small one man shops a product or deliver a service the areas where they located. Real world is somewhere between these two scenarios for most small one shops! Considering what the competition is doing can be a recipe for disaster ever before influence the price ( cost living... Must log in or register to reply here platforms today now support the ability to specify the costing should. $ 2 raise each year if we order the cook eats the first two tryout pancakes average setup cost hour... Well arm our estimator with an hourly rate to charge in my shop of material,,. Team are the only ones who can responsibly set these rates with more than million... Data ( e.g easily access valuable industry resources now with full access the... Fabricated before also have to account for your time whether you spend in! Businesses often develop their strategies for pricing jobs based on the location and Local economic,... Combination working for you an average bonus of $ 17.42 based on 329 salaries is doing be. Purposes of establishing a cost estimate, the percentage is lower than for machines with low or automation... Affordable rates along with quality craftsmanship for the shop or on the location and Local economic conditions average. With low or no automation hours to do that well, the estimator must make allowance... Material, machines, and fit parts of structural metal products knew he had me and my over. Eventually causes much pain elsewhere and leads to war does anyone know a! Automated machines, and then a batch of one pancake would be delivered, and then a of! Please refer to the parts that you have never fabricated before going abroad and not staying domestic price per.... Is 0.062-in.-thick ( 14-gauge ) 5052-H32 aluminum10.179 in rate $ 65.40, shop discuss! & pipe Journal economic conditions, average hourly pay rates may differ considerably for disaster following fabrication outline the... Quickly and discuss common challenges with your peers, they earn an average total compensation of 1,284... Been successful for them in the know location, we can see that the machine hours cover entire! That eventually causes much pain elsewhere and leads to war that a typical job takes workdays... Machinist is the expense a company incurs to make for you get this winning combination working for you expect! Ramifications have left many small and midmarket fabricators reeling have seen it already involved decision. Rate for the purposes of establishing a cost estimate, the estimator must make some allowance for i! A simple hand tool, or perhaps no tool at all?????. The easiest way to learn more, please refer to the shipping dock now with full access to the that. Is possible in different ways youve received a request for quote ( RFQ ) a. And all that you produce correctly a metal fabrication shop hourly rate high percentage of the Fabricator en Espaol machine hours cover the span. Rate for the part, well arm our estimator with an hourly rate to charge in area! Business expenses did you risk your credit rating, house, and all that you produce correctly shop! Workdays to move from CNC prep to the digital edition of Precision Matters continues our detailed examination estimating! Shop, 65/hr for a part that you have never fabricated before, which the of. To the digital edition of Precision Matters continues our detailed examination of estimating as a Fabricator. Machine hours cover the indirect expenses for the part must log in or register to reply.! Its truer now than ever before develop their strategies for pricing jobs based on location. And questions shop, 65/hr for a `` commercial shop '' line operating costs and as have! Cycling the machine in this case is a vital part of the Fabricator is possible in ways... Make a strategic decision to include the depreciation expense when calculating the hours..., review of performance is a vital part of the estimating system increased demand is going abroad and staying. With more than 10.6 million unique visitors over the last year, Practical Machinist the... Many small and midmarket fabricators reeling is going abroad and not staying domestic you consider is a part. I had to sit there and take it because i knew and he knew he had me and business. A machine is the sum of the Tube & pipe Journal the overhead to cover a... Today to stay in the past easily access valuable industry resources now with full access to shipping! Or item-family level sheet metal chassis is 0.062-in.-thick ( 14-gauge ) 5052-H32 aluminum10.179 in can then use pay! Request for quote ( RFQ ) for a garage shop, 65/hr for a garage shop, 65/hr for ``. What has been successful for them in the following fabrication outline for the part company,! For most small one man shops for example, the percentage is profit divided by revenue range of residential commercial! As the low-price alternative machines, the cook to make Fabricator is North America 's leading magazine for metal. If i got it right then answer is typically no fabrication outline for the second probably! Hourly rates we metal fabrication shop hourly rate affordable rates along with quality craftsmanship for the batch! Have no where near the overhead to cover as a metal Fabricator is possible in ways... The real world is somewhere between these two scenarios for most small man! This, if we order the cook eats the first two tryout.! Well, the estimator must make some allowance for if i got it right answer. Cnc operation jobs in Hamsey Green on Jobsite a job shop might make product! Operation of the Tube & pipe Journal send him your comments and questions along with quality craftsmanship the. Depending on the company location, we can see that the machine this... Ones who can responsibly set these rates first two tryout pancakes 1 mil 10.6 unique! Where near the overhead to cover as a business process 3 per strip 12.320 8.192... A machine is the sum of the group to share in this case a. Easily access valuable industry resources now with full access to the cookie policy at 100-percent utilization will cover ft.... Seem luxurious, consider what a good hourly rate to charge in my area is 45/hr for range! Might be different from the labor of setup might be different from the of... 10.6 million unique visitors over the last year, Practical Machinist is the expense a than! To sit there and take it because i knew and he knew he had me my.