Estimation of production cost and revenue .
· This includes salaries for researchers as well as funds for research related equipment and supplies. An estimate of these costs are 5% of the total manufacturing cost (Turton et al., 2013). Taxes and Insurance . Taxes vary by location, but a first estimate of property taxes and liability insurance is 3% of the fixed capital investment (Turton et al., 2013). Plant Overhead. Overhead costs are ...