Units: Currency (UK?, US$ etc.). The tooling cost is the cost of the tooling (that is, molds, die, jigs and fixtures) which are totally dedicated to the production of a single product. This cost must be pro-rated over the number of products produced in the production run. Processes with high tooling costs have high economic batch-sizes.
- Tooling Cost
01/30/2014 MarketSmart 2014