Why Excel sheets are not ideal for garment costing. He must analysis cost factors of a garment. Garments Costing for Knitted T-shirt (factory costing) Garments Costing: In the garments business, costing is an important part of a merchandiser. So, as a garment merchandiser, you have to fix an accurate price for the garments. Costing of garments is the cumulative cost of raw materials, direct labour, as well as, direct and indirect overheads. 12.00 % 20.00 % TOTAL PRICE OF APPAREL: 163.28 19.59 36.57 219.44. Garment costing entails many elements relative to many other products. Garments Costing Factors: Costing is the very important & crucial part of garments sector. A smart merchandiser thinks how to utilize save money & maximum profit of a company. Here costing given per pcs wise and dozen wise for your easy understanding. KNITTED GARMENTS COSTING The mostly discussed topic related to Garments Industry is Costing. Buyer negotiation: Buyer negotiation or buyer handling is very important in readymade garments sector. Costing of garments varies depending on the process needed to make garment. As a garment merchandiser you should explain your total discussion to the buyer in all possible ways by keeping those matters in your way. GARMENT COSTING Avg. Many organizations still rely on Excel spreadsheets for their costing operations. Introduction: Cost typically can be defined as’ the economic value placed upon the resources consumed to make a product.’ Costing is the process of estimating and then determining the total cost of producing a garment, including the cost of materials, labour and transportation as well as the general expenses of the operating the business.. Merchandiser has to have thorough understanding of c A cost-oriented pricing strategy has been adopted. Fabric Consumption( grams) CMTP Charges Stitching Cutting Finishing Packaging Embellishment Trims SUB-TOTAL OVERHEAD COST MARGIN (after overhead) 20.00 2.50 6.00 4.50 50.00 6.00 210 gms. At glance, it appears to be clean and organized. Entire Costing Procedure of a Knitted Garments. Download. 1 Full PDF related to this paper. The style can be broken into component parts and sub totaled or the production standards for each operation can be added together for the total garment. Entire Costing Procedure of a Knitted Garments. To decide the FOB of a garment the factory makes a cost Introduction to Activity-Based Costing In this note, we introduce activity-based cost (ABC) systems. Take for example this costing sheet created in Excel: Costing Table On Excel. They’re confusing, difficult to read and more prone to calculation errors. Accurate garments costing is the heart of this business. Single Factory makes one million pens, all the same color: blue. Woven Garments Costing Sheet: Do necessary costing before taking Garments orders because costing very important work for garments merchandising.This article has three types of garments costing, include all trims and accessories costing and fabric costing. 89.00. He should think many important factors for garments costing because he is the proactive person for profit earning. The motivation for ABC systems is simple to articulate. READ PAPER. Consider two hypothetical and almost identical factories. Multi Factory also makes one million pens, but of many The four different stages of garment costing are preliminary costing, cost estimating, detailed costing, and actual costs (Myers-McDevitt 2011, 13–14). K. Farhad. 74.28. After developing samples or directly receiving a buyer’s sample the factory needs to send Freight on Board (FOB) price of the garment. Labor Costing-Individual Style Begins with a breakdown of all operations involved in assembling a style. 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