![]() |
Need Clarification of cost of additional Components rules
I am a little unclear about the use of custom parts and would appreciate it
if anyone can help me to understand the rules on the following: I understand that the total limit of additional parts used must be less than $3500 and if I understand it correctly, any one part used must be worth $400 or less. Is this a correct understanding of the 2007 rules so far? In the scenario where I were to accept a donation of an assembly that is offered by a company and it is typically sells for $600 and is available to anyone who wanted to buy it at that price, is it true that this part would be not allowed because it costs mors than $400 to purchase it? Is this value based upon the selling price of the assembly or the cost of materials that go into the assembly? If we were to customize the assembly or only use a portion of this assembly, are we limited to using any one piece worth less than $400? How would we determine this value? If we were to take the above assembly and only use 1/4 of it, so that we are effectively only using $150 of the value of the donated item, can we report this as a $150 part? Can we value the above portion of the assembly as the value of the individual components of this assembly if we buy it that way? One last question... What do we need to log and show to the judges regarding additional parts used, do we need manufacturer name & contact info, part number, cost basis, and / or what else? Thanks! |
Re: Need Clarification of cost of additional Components rules
It is my understanding (and therefore not an official answer) that if the COTS assembly, in its most basic form costs over $400, then it is not allowed. Even though you may be using a portion of it, you would still have to purchase the entire assembly at the full price.
As far as the price goes, you would have to account for it as the retail price, or the price that everyone else would pay for it. If everyone else could purchase it for only the material costs, then you could account for it as so. At the competitions, you will need to have a complete Bill of Materials (BOM) to show the inspectors. I've heard that they may be requiring you to submit that BOM, and not just show it (as we have in past years.) The BOM will require a component description, P/N, cost, and quantity. You do not need to show suppliers, vendors, addresses, etc... If the group here can't help you resolve this, be sure to ask the Q&A forums. BEN |
Re: Need Clarification of cost of additional Components rules
Quote:
Quote:
Quote:
Quote:
Quote:
|
Re: Need Clarification of cost of additional Components rules
Thanks for the reply....
If I were to get a copy of the BOM of the assembly and price this out individually and then build it myself per those parts rather than use the donated assembly, I could then cost this per the individual material costs couldn't I? This would in effect be building it from scratch, which I am not opposed to doing as I would have to customize it anyway... Another catch in the rules that I am not sure of is, I might want to buy metal from a local supplier and they may or may not offer material like this via mail order, so these materials would not be necessarily available to anyone, anywhere in the country. How do other teams deal with this, do they only buy metal and nuts and bolts from a catalog sales entity? Or is this not an issue? What about parts that we as a team fabricate from raw goods, obviously we need to keep track of material costs but do we need to only account for labor charges if someone other than a mentor or member of the team performs the work? Please advise and Thanks again! |
Re: Need Clarification of cost of additional Components rules
Quote:
|
Re: Need Clarification of cost of additional Components rules
Quote:
|
Re: Need Clarification of cost of additional Components rules
Quote:
|
Re: Need Clarification of cost of additional Components rules
Quote:
Quote:
Quote:
Quote:
Quote:
Quote:
Quote:
My team creates a parts data base in Excell. The data base includes information about which subsystem it is part of, how much the part weighs, and what the source was. During Build we use it mostly to keep track of the robot weight and projected weight. But when we reach a competition we just have to blank out everything except the cost and part description and print it out. |
Re: Need Clarification of cost of additional Components rules
Here is how I explain accounting to new teams... First you must realize that this is FIRST accounting and it will bear little resemblence to the true accounting books your team keeps...Now, how to record amounts...
Assume you just won the award "Greatest bot EVER built" FIRST wants to immortalize it in New Hampshire but does not want to take your bot. They will need to build an exact replica but they will not accept donated parts or buy in bulk. What would the minimum cost be to reproduce your bot. Example 1. A donated piece must be purchased for retail. Ex 2. Even though you bought it for $10 a gross, you only used two... and they sell for $2 a piece, then it costs $4. Ex 3. It was used unmodified last year, we can use it again this year (pending current rules) but we must pay the same price again...nothing depreciates. I think this covers most of your questions. |
| All times are GMT -5. The time now is 02:27. |
Powered by vBulletin® Version 3.6.4
Copyright ©2000 - 2017, Jelsoft Enterprises Ltd.
Copyright © Chief Delphi