How should the costs for laboratory analysis be structured?
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I’m asking the experts: how is the cost of a laboratory analysis determined? Apart from the depreciation of the equipment, are there any formulas or methods? Thank you
How are analysis costs calculated? It’s not designed, right?
Labor costs, material costs, instrument wear and tear costs, and other expenses
Could you be more specific? For example, if an instrument costs 500,000 to purchase and is depreciated over 10 years, how should the costs be calculated and analyzed? Thank you
It doesn’t seem to be calculated; this should basically have the market price
Ask someone in the industry – what is the usual cost price plus profit amount set by others? You can adjust it up or down according to your own situation!
When it comes to design, there must be applicable norms and standards, but for the pricing of analytical tests, no design is necessary; rather, a reasonable calculation or estimation should be carried out. Regarding the costs of analysis and testing, the following aspects should be taken into consideration: 1. The depreciation of the analytical instruments and equipment used; 2. The cost of the space utilized for analysis and testing; 3. The labor costs of the personnel involved in the analysis; 4. The consumption of reagents, materials, and standard samples during the analysis process; 5. The cost of regular calibration of measuring instruments; 6. A reasonable profit margin for the company or institution; 7. The costs associated with ensuring the quality of the analysis data. That’s basically it
How is it not calculated? Market prices are also determined on the basis of the accumulation of various costs and a reasonable profit margin.
Well, you are right. What I mean is that the costs for testing, especially those for third-party testing, are more or less the same; it’s sufficient to refer to market rates.
I did the calculations myself some time ago. Basically, what the professors on the 8th floor explained was all very clear. The cost we calculate based on the above items is approximately one-third of the price charged by regular third-party testers in the market. Later, we felt it was too low, so we increased it to 60% for third parties.