Download. 89.00. 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. Multi Factory also makes one million pens, but of many Many organizations still rely on Excel spreadsheets for their costing operations. So, as a garment merchandiser, you have to fix an accurate price for the garments. To decide the FOB of a garment the factory makes a cost Accurate garments costing is the heart of this business. KNITTED GARMENTS COSTING The mostly discussed topic related to Garments Industry is Costing. After developing samples or directly receiving a buyer’s sample the factory needs to send Freight on Board (FOB) price of the garment. K. Farhad. A cost-oriented pricing strategy has been adopted. Take for example this costing sheet created in Excel: Costing Table On Excel. The whole business totally depends on it. 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 As a garment merchandiser you should explain your total discussion to the buyer in all possible ways by keeping those matters in your way. Here costing given per pcs wise and dozen wise for your easy understanding. Entire Costing Procedure of a Knitted Garments. Costing of garments is the cumulative cost of raw materials, direct labour, as well as, direct and indirect overheads. Entire Costing Procedure of a Knitted Garments. Garment costing entails many elements relative to many other products. He must analysis cost factors of a garment. Buyer negotiation: Buyer negotiation or buyer handling is very important in readymade garments sector. Garments Costing for Knitted T-shirt (factory costing) Garments Costing: In the garments business, costing is an important part of a merchandiser. GARMENT COSTING Avg. Why Excel sheets are not ideal for garment costing. At glance, it appears to be clean and organized. They’re confusing, difficult to read and more prone to calculation errors. Garments Costing Factors: Costing is the very important & crucial part of garments sector. 12.00 % 20.00 % TOTAL PRICE OF APPAREL: 163.28 19.59 36.57 219.44. The number of steps adopted by a particular company is dependent on its size and the process structure. 74.28. The motivation for ABC systems is simple to articulate. Costing of garments varies depending on the process needed to make garment. He should think many important factors for garments costing because he is the proactive person for profit earning. 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. Single Factory makes one million pens, all the same color: blue. Labor Costing-Individual Style Begins with a breakdown of all operations involved in assembling a style. The four different stages of garment costing are preliminary costing, cost estimating, detailed costing, and actual costs (Myers-McDevitt 2011, 13–14). Introduction to Activity-Based Costing In this note, we introduce activity-based cost (ABC) systems. READ PAPER. 1 Full PDF related to this paper. Consider two hypothetical and almost identical factories. A smart merchandiser thinks how to utilize save money & maximum profit of a company. 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