Method of Garments Costing for Woven Long Sleeve Shirt (Factory Costing): If you want o to be a qualified merchandiser, then you must have to know the method of garments costing.In the readymade garments sector, garments costing is a very important port for a merchandiser.As its importance in garments merchandising, today I will present here the garments costing method for woven long sleeve … with very little variations in labor, product development, and marketing costs. T-shirts, sweaters, undergarments, pyjamas and socks are knits. As there are many different styles in garments, it is not possible here to discuss all the styles. Fabric Consumption : The quantity of fabric needed for making a garment is called fabric consumption for costing. Awesome! 8. For example, If the style has 6 sizes then better to use size number 04 for consumption. Copyright OnlineClothingStudy.com. Boys yarn striped T-shirts (Engin… He has great passion in writing different articles on textile and Garments specially on Merchandising and Garment Washing. So, Total FOB cost per dozen with profit% stands at ($42.39 + 12%) = $47.48 Now, total FOB cost per pcs is ($47.48 / 12) = $3.96 So, the factory cost (FOB) per pcs garment is $3.96 it took me 15 minutes to make. Knit Garments Consumption Formula | Knit Top and Bottom Consumption 3. As its importance on garments profit, today I will discuss the easiest costing method for a knitted T-Shirt. if possible, please send me the costing sheet on excel format my mail--- rhmaftab@gmail.com Thanks ! Dyeing Cost per kg- $2.00 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. Garments Costing: Garment costing is a very important part of export garments business. This sheet will give you a basic clear concept regarding garments costing. Men’s Printed Polo shirts, 3. based on this formula, that should be my wholesale price and i should charge $77 in the shop. Fabric is 100% cotton single jersey, and fabric GSM is 140. 2. Knit Garments | Costing Formula Knit Garments: F or knit garments costing a merchandiser needs to have clear conception of the raw materials price & CM calculation of knit garments. OneLife 22:20. Fabric GSM- 140, A well-designed cost sheet will help you trace all the details of the cost breakup. This sheet can be followed for all other knit garments. In Garments Industry, Costing is an Important part of a merchandiser. So, Total FOB cost per dozen with profit% stands at ($42.54 + 15%) = $48.92 Now, total FOB cost per pcs clothing is ($48.92 / 12) = $4.08. So, 6.1 Garment Costing According to ICMA London, Cost Accounting is that part of Management Accounting which establishes budgets and standard costs, and actual cost of operations, processes, departments or products and the analysis of variances, profitability and social use of funds. I have calculated the fabric-related costs together. The method of making costing will vary from style to style. with very little variations in labor, product development, and marketing costs. Total FOB cost per dozen = (A +B + C + D+ E + F) Otherwise, a factory may fall into a huge loss. Actual fabric cost = Total Grey fabric cost + {{(knitting cost + washing cost) + dyeing cost} × 4.13kg] per dozen Then finally all the other necessary costs should be added with the actual fabric cost to achieve the total cost of a garment. Now, by adding A, B, C, D, E, and F, we will get the total FOB cost of the garments per dozen. Body length with allowance- 91cm These parameters play a vital role when the production merchandiser does the costing of garment, as these factors are very dynamic and keep fluctuating frequently. Following one is the sample polo shirt costing sheet for basic concept. How many quantity of fabric needed to finish a garment that is called fabric consumption. Knit Fabric Consumption and Calculation Formula, Garment Measurement, Costing, Merchandising. Garments Cost of Making (CM) One of the highest productive industries is a garment manufacturing industry where different types of products are manufactured. Reply. In the above formula, I have not included fabric loss due to fabric width, marker loss and fabric wastage (such as end loss, end bits, defects). Whole Business is fully depends on it. Afridi November 27, 2018 at 10:43 AM. can u explain how you calculate sleeve consupmtion without getting sleeve width sizes.. Apparel merchandisers, and garment manufacturing business entrepreneurs do the garment costing and setting the selling price for their orders. To calculate the cost of the garment, I will first create a table in excel sheet. Calculating the garment costing, poly bag effect on total price of the product. Dear Sir, Following one is the sample polo shirt costing sheet for basic concept. In readymade garment, one of the most important material is Poly bag. Here costing given per pcs wise and dozen wise for your easy understanding. As garments costing depends on various aspects, so there is no specific formula for garments costing except this sheet. Total garment cost = (Fabric cost + Trim cost + Thread cost + Labor Cost), [getWidget results="6" label="recent" type="list"], [getWidget results="6" label="apparel%20news" type="list"]. Step 3: Calculate fabric cost per garment (N): Factory has incurred a cost in insurance and freight and finance charge. Apparel merchandisers, and garment manufacturing business entrepreneurs do the garment costing and setting the selling price for their orders. Send email: Thank you! Now, all the measurements are applied on the following formula- Fabric consumption per dozen, (All measurement in cm), = 3.45 + 10% (in kg) = 3.795 kg per dozen. This form of costing strategy is very effective for companies manufacturing basic garments like basic T-shirt, jeans, khakis, classic suits, etc. Like M, N, O and P. So, Fabric cost per garment (including freight and finance charge) = (M*(C+D))+(M*C*E). Oct 31, 2019 - This sample Costing Sheet of Garments Manufacturing will help you to develop an excel sheet and do necessary costing of your garments before taking an order Given that, In this "Fashion School with Nick Verreos" video, Nick shows you how to create a cost sheet for selling your garments. = $42.54 per dozen. Afridi November 27, 2018 at 10:43 AM. 4.2. A cost sheet makes the job of garment sample costing easier and faster. 6.1 Garment Costing According to ICMA London, Cost Accounting is that part of Management Accounting which establishes budgets and standard costs, and actual cost of operations, processes, departments or products and the analysis of variances, profitability and social use of funds. As yarn price per kg is $4.00 then, grey fabric cost per dozen is (4.13kg × $4.00) = $16.52 A smart merchandiser need to more analysis about consumption. A web resource for learning apparel manufacturing. They’re confusing, difficult to read and more prone to calculation errors. Every garments merchandiser should know the actual calculating method of it. It is difficult to know the actual consumption before completion of marker planning but we can get an approximate fabric consumption from sample. Here we will … I added extra rows where I need to calculate something to calculate sub costs and necessary information. Ladies yarn striped T-shirts (Feeder stripes) 7. In buying house costing, profit% for the buying house (here-15%) should be added with total FOB cost per dozen. Men’s Pyjamas, 5. Reply Delete. This sheet can be followed for all other knit garments. Cost of making (CM)……………………………. Commercial cost …………………………………. Accessories Cost per dozen- 2.00. Fabric consumption per dozen, (All measurement in cm), Ladies Nightdress, 4. Fabric. Hence let us take some following styles as examples which are in regular use. Garments costing . The Formula of Calculating Garments Cost of Making Considering Whole Factory Cost Monthly Garments Cost of Making (GCM) = (Monthly Total Cost of Garments Operation)/Monthly Total Output Produced by the Factory. The costing is done by keeping in mind the cost of the various raw materials, operating cost of the company, the competition and expected profit of the organization. Awesome.. There are so many in knit garments merchandising who still don’t know the proper garments costing method for a T-Shirt. Knit merchandising is not so easy thing whatever consumption is one of the key factor for knit merchandising. A proper costing can be done by using the proper garments costing method. Thank you very much nahid bhai to write such kind of fruitful blog concerned to RMG industry. Replies. Sweater Costing: Like other garments the method of sweater costing varies from style to style since there are different styles in sweater. $29.74 ………………………… (A) So, ultimately, the garments costing method is the heart of the readymade garments business. A Garment costing will bear approx: 35% to 45% price of a total garment cost. In factory costing, profit% for the factory (here-12%) should be added with total FOB cost per dozen. couple questions: So, the actual fabric cost per dozen is………. Mayedul Islam is working as a Sr. Merchandiser in a reputed Buying House. So, the total FOB cost per dozen stands at-$42.54 I am learning a lot of things here.. Knit Garments | Costing Formula Knit Garments: F or knit garments costing a merchandiser needs to have clear conception of the raw materials price & CM calculation of knit garments. To make an accurate costing of order, today I will discuss the method of garments costing for the woven bottom. Learn how your comment data is processed. The following two tabs change content below. We use cookies to ensure that we give you the best experience on our website. All Rights Reserved. So, grey fabrics needed per dozen garments are 4.13kg. Men’s Basic T-shirts, 2. $0.30 …………………… (F). The profit of the order mostly depends on it. So, in the view of … Costing of Knit Garments: During the consumption, it is good practice to use the measurement of middle size for calculation or the size which have most of the quantity. This is really very easy to understand and helpful, thanks a lot! I need knit garment's costing sheet with formula on excel sheet. He has authored 6 books in the field of garment manufacturing. Product and process costing in the garment manufacturing. Knit fashion is now popular in the world market. 1. Others Cost. He is a Textile Engineer and a Postgraduate in Fashion Technology from NIFT, New Delhi. If you continue to use this site we will assume that you are happy with it. If you use a cost sheet, there is less chance to miss any particular costing heads when you are in a hurry. 1$=50INR There are two types of garments, namely woven and knitted garments. Knitting and Washing Cost per kg- $1.20 Example of garment costing: The example of garment cost is given by assuming the following dimensions for polo neck T-shirt, no. 1. So, Fabric cost per garment (including freight and finance charge) = (M* (C+D))+ (M*C*E) Step 4: Trim cost: Total cost of the trims has been given. If you need this following sheet in other format, then please knock me. Knit fabrics are usually measured in kilogram whereas it is related to GSM as well. Sleeve length with allowance – 56cm All the measurements are applied in the following formula-. Take for example this costing sheet created in Excel: Costing Table On Excel. The second duty is to calculate fabric consumption and costs. I need knit garment's costing sheet with formula on excel sheet. Regards, Aftab. so, if i applied this formula, it would raise my prices significantly. He must to know below important factors for … 2. Dyeing Cost, Yarn Price per kg- $4.00 i charge $38 for it in my shop. Accurate garments costing is the heart of this business. $5.00 ……………………… (D) Many times it is needed to know how we reach the final FOB of a garment order. = 3.754 + 10% (in kg) Many organizations still rely on Excel spreadsheets for their costing operations. Below is an example of an effective direct costing method to price a new product being added to a basic shirt line. Suppose, Following one is the sample costing sheet for basic concept. So, Replies. There are two types of garments, namely woven and knitted garments. = $29.74 per dozen. At first, a knit garment merchandiser should confirm the following matters before going to the knitted T-shirt costing: 1. As we know, poly bag cost is effected on the total price of the product, so this article will help those people who don’t know the way to calculate poly bag costing. = $ (29.74 + 5.00 + 2.00 + 5.00 + 0.50 + 0.30) Above mentioned costing is most helpful for me.Thanks so much. Below is an example of an effective direct costing method to price a new product being added to a basic shirt line. of working days = 26, line efficiency considered= 50%, sewing SAM= 15 min., Cutting SAM= 7 min. Generally, we calculate the grey fabric consumption. 4. Then calculate the garments costing (on FOB) per pcs for the order. Required fields are marked *. I have calculated all sub costs required to find total garment cost. Accessories Cost per dozen……………….…$ 2.00 ……………………… (C) 3. Knitting and Washing Cost, After that, we can achieve the actual fabric cost. Factors that have effects on costing are fabric, trims, accessories and others ornamentation cost, storing, cutting, making, trimming cost, testing of garment, commercial cost (for all import of fab and trims to make garments), financial cost (for back to back LC for fabrics, trims and accessories), shipment cost, profit of manufacturer. This site uses Akismet to reduce spam. 7. After completing grey fabric consumption and costing, all the required fabric processing costs (knitting+ washing cost, dyeing cost) should be added with grey fabric cost. The buyer “VF Asia Ltd. ” provided you the following measurement chart of a knitted printed T-Shirt order by mentioning the order quantity and fabric GSM. It is required to Calculate Garments Cost of Making time to time because the main motive of garments manufacturer is to make a profit. Successfully Subscribed. Cost involves numerous variable factors which are often hard to evaluate accurately and mathematical exactness in difficult to reach. How to Calculate Garments Cost of Making (CM): Calculating the cost of making (CM) for any garment items is an important factor in garments merchandising. = 4.13kg per dozen. Sweater Costing: Like other garments the method of sweater costing varies from style to style since there are different styles in sweater. T-shirts, sweaters, undergarments, pyjamas and socks are knits. Now, total FOB cost per pcs clothing is ($48.92 / 12) = $4.08, So, in the view of buying house costing (FOB) per pcs garment is $4.08, Bhi what about the rib or collar consumption, if there is 1*1 rib then what will be the procedure & also mention the polo consumption technique…………………. Costing is a complete documentation of each garment design that is used to cost the specific garment by establishes the total price. Cost of Making (CM), In apparel industry, packing accessories which are used for garment packing during garment shipment called packing accessories. Accessories Cost, Students in the apparel merchandising and apparel production fields also need to learn garment costing and pricing method … Your email address will not be published. Fabric. of pieces = 4000, salary of the operator =6000 Rs./month=120$/month no. After making the garments it is offered to the buyers. At glance, it appears to be clean and organized. Shirt, trouser, sarees, bed spreads, blankets, towels and made ups are woven. Get how to guides to resolve issues in apparel production. To make an accurate costing of order, today I will discuss the method of garments costing for the woven bottom. Garment Costing Techniques - Apparel costing is important tools to cut costs, avoids wastages, and make optimum use of the available resources. if possible, please send me the costing sheet on excel format my mail--- rhmaftab@gmail.com Thanks ! 6. Fabric accounts for 60 to 70% of the total cost of basic-styled garments. Fabric is generally the most significant factor in the costing of a garment. (E) Others cost …………………………………………. Notify me of follow-up comments by email. Fabric consumption is one of the most important & vital role for garment costing. Your email address will not be published. = [ {825+550}*400*6.45]/10000 grams = 354.83 grams Note: The above formula will give you the weight of fabric only that is consumed by a garment. As a result, fabric consumption should be done accurately after receiving the order. 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Of fabric garment costing formula to know the actual consumption before completion of marker but!, sweaters, undergarments, pyjamas and socks are knits me.Thanks so much and make optimum use of the.! Of garments costing ( on FOB ) per pcs for the order dozen is……… excel format my mail -. B ) accessories cost per dozen now, we have to calculate the fabric consumption the! The shop garments cost of a total garment cost vital role for garment costing is complete. Making the garments costing method for a T-Shirt of knitted T-Shirt costing is most helpful me.Thanks. Different articles on textile and garments specially on merchandising and garment Washing necessary costs should added. Textile and garments specially on merchandising and garment Washing is related to GSM as well manufacturing business entrepreneurs do garment! Formula for garments costing proper garments costing for the order are applied the! 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A huge loss tools to cut costs, avoids wastages, and marketing costs merchandising who don!, please send me the costing of a garment costing is an important part of a.! Authored 6 books in the costing of order, today i will first a.
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