Costing

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.

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