THIS PAPER EXAMINES THE CONCEPTS AND VALUES OF USING SOUND COSTING TECHNIQUES IN THE DEVELOPMENT OF PART QUOTATIONS. IT LOOKS AT COSTS IN TERMS OF STATION, LABOR, MATERIAL, REGRIND, AND SETUP AS THE FOUNDATION OF A PART QUOTE. IT CONSIDERS THE VALUE OF ESTABLISHING MANUFACTURING AND ACCOUNTING STANDARDS AS A TOOL TO EVALUATE THE EFFECTIVENESS OF A MANUFACTURING PROCESS.
