The costing was carried out as if the product was to be created as a “one-off” exhibition piece.
Part | Quantity | Unit cost | Total cost |
Top cone | 1 | £200 | £200 |
Bottom cone | 1 | £300 | £300 |
Spindle: Axle | 1 | £15 | £15 |
Spindle: Base | 1 | £55 | £55 |
Bearings | 3 | £5 | £15 |
Washers | 10 | £0.20 | £2 |
Magnets | 39 | £1 | £39 |
M10 Bolts | 10 | £1 | £10 |
M10 Nuts | 10 | £1 | £10 |
Table top | 1 | £1350 | £1350 |
Feet | 4 | £25 | £100 |
Main table base | 1 | £230 | £230 |
Seating | 2 | £100 | £200 |
Chips | 500 | £0.60 | £300 |
Additional costs | £200 | ||
Overall cost | £3026 |
By adding rough costs for creating the various moulds needed and for labour and machine time, the total cost of the whole exhibition piece would be roughly £5,000. This gives an estimate as to the amount of money it would take to produce a compelling, convincing and provocative exhibition piece.
However, these figures are based on various assumptions and with the right connections and supplier research, the cost of the product could be reduced.