price per item for the product is RM 484461 and the profit is RM

Price per item for the product is rm 484461 and the

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price per item for the product is RM 48.4461 and the profit is RM 66062.81 22
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2.7.2 MEDIUM PROFIT MARGIN Targeted quotes are 15,000 units. 10 operators under one-line production = 100 units per day. Operator`s wages are RM 1372.00 15000/100 = 150 days Average months to complete = 150/31 = 4.839 = 5 months Labour costs = 5 x 10 x 1372 = RM 68,600.00 Factory Price for 20% profit margin: Table 10: Factory Price for 20% profit margin For 155,000 units, with a profit margin of 20% out of the total production cost, the factory price per Item for the product is RM 52.8502 and the profit is RM 132125.61. 23
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2.7.3 HIGHEST PROFIT MARGIN Targeted quotes are 15,000 units. 15 operators under one-line production = 150 units per day. Operator`s wages are RM 1372.00 15000/150 = 100 days Average months to complete = 100/31 = 3.226 = 3 months Labour costs = 3 x 15 x 1372 = RM 65,856.00 Factory Price for 30% profit margin: Table 11 : Factory price for 30% profit margin For 15,000 units, with a profit margin of 30% out of the total production cost, the factory price per item for the product is RM 56.8157 and the profit is RM 196669.86 24
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2.8 SUMMARY Table 12: Summary of the product cost estimation. QUOTAS NO. OF OPERATORS FACTORY PRICE(RM) PROFIT MARGIN(% ) PROFIT(RM ) DURATION IN MONTHS 15,000 5 48.4461 10 66062.81 20 15,000 10 52.8502 20 132125.61 5 15,000 15 56.8157 30 196669.86 3 Referring to table 12, the quotas for the product is fixed to 15,000 units. First, when 5 operators in one-line production used with the 10% of profit margin, the factory price per item became RM 48.4461. When the number of operators changes to 10 operators in two-line production with profit margin 20%, the factory price per item became RM52.8502. Lastly, for 30% profit margin, 15 operators used in three-lines production used, the factory price per item is RM 56.8157 To conclude, it is recommended that we chose the highest profit margin 30% possible with a fixed 15000 quotas together with 15 operators in three-line production. When thre-line production used, the duration cost will be decrease with a maximum profit. We are using that percentage is 30% because we can get the highest profit but still under demand price. Our factory price for the product can be approximately RM 56.8157 per item and still under RM100 as per requested . 25
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CHAPTER 3 PRODUCT DESIGN DESCRIPTION 3.0 DESCRIPTION OF THE NEW DESIGN 3.1 RENDERED PHOTO Figure 3.1.1 rendered photo 26
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3.2 ASSEMBLY AND EXPLODED VIEW OF DESIGN CONCEPT Figure 3.1.2 Multimedia Speaker Assembly (Exploded) View Figure 3.1.3 Multimedia Speaker Assembly View 27
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3.3 DETAILED ENGINEERING DRAWING Figure 3.1.4 Decorative Cover Detail Drawing 28
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3.4 CLEAR SKATCHES OF THE PRODUCT Figure 3.1.5 First Sketch Idea Figure 3.1.5 Final Sketch Idea 29
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4.0 SELECTED PROTOTYPING MACHINE 4.1 MACHINE TYPE Figure 1: MakerBot Replicator+ 3D Printer The MakerBot Replicator+ 3D Printer has a closed frame, a heated print bed and can 3D print ABS and PLA parts. The MakerBot Replicator+ 3D Printer is delivered with a fan air system cooling system and equipped with a full Simplify 3D licence.
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