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Old 03-30-2014, 07:14 PM   #66
Boxer486
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Quote:
Originally Posted by Boxer-86 View Post
Parts and labor aren't the only variables to consider when evaluating the cost of a product, although proponents of Marx's "labor theory of value" would disagree. Value is a subjective valuation and if we value BPB's more than we value $400, they're not overpriced.

There are other factors to take into consideration as well, such as the allocation of overhead (electricity, indirect materials such as shop chemicals, acetylene, argon, etc) and fixed costs (buildings, land, capital equipment) to each unit of product sold, as well as the variable costs of each unit (direct labor and direct materials). The juvenile conversation about the value of the Crawford BPBs is only focusing on the variable costs of labor + direct materials..
I didn't ask you and was awaiting an enlightened response from the critic to see if they had any understanding of what it costs to actually make, ship and support a product. But thanks for springing the trap for them...
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