The second duty is to calculate fabric consumption and costs. (B) So, the total FOB cost per dozen stands at-$42.54 Knit fashion is now popular in the world market. I have calculated the fabric-related costs together. 1. Like M, N, O and P. So, Fabric cost per garment (including freight and finance charge) = (M*(C+D))+(M*C*E). A Garment costing will bear approx: 35% to 45% price of a total garment cost. 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 … $0.30 …………………… (F). $5.00 ……………………… (D) For example, If the style has 6 sizes then better to use size number 04 for consumption. = $29.74 per dozen. As yarn price per kg is $4.00 then, grey fabric cost per dozen is (4.13kg × $4.00) = $16.52 Why Excel sheets are not ideal for garment costing. Commercial cost …………………………………. Thank you very much nahid bhai to write such kind of fruitful blog concerned to RMG industry. Following one is the sample costing sheet of knit garments. Knitting and Washing Cost, $29.74 ………………………… (A) A proper costing can be done by using the proper garments costing method. A proper costing can be done by using the proper garments costing method. 7. Following one is the sample polo shirt costing sheet for basic concept. Then finally all the other necessary costs should be added with the actual fabric cost to achieve the total cost of a garment. with very little variations in labor, product development, and marketing costs. Whole Business is fully depends on it. It is difficult to know the actual consumption before completion of marker planning but we can get an approximate fabric consumption from sample. 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. 3. 2. = 4.13kg per dozen. At first, a knit garment merchandiser should confirm the following matters before going to the knitted T-shirt costing: 1. Shirt, trouser, sarees, bed spreads, blankets, towels and made ups are woven. I added extra rows where I need to calculate something to calculate sub costs and necessary information. Here we will … Men’s Printed Polo shirts, 3. They’re confusing, difficult to read and more prone to calculation errors. Get all latest content delivered straight to your inbox. He has authored 6 books in the field of garment manufacturing. Garments Cost of Making (CM) One of the highest productive industries is a garment manufacturing industry where different types of products are manufactured. To make an accurate costing of order, today I will discuss the method of garments costing for the woven bottom. Men’s Basic T-shirts, 2. 1. Regards, Aftab. In readymade garment, one of the most important material is Poly bag. This sheet can be followed for all other knit garments. Students in the apparel merchandising and apparel production fields also need to learn garment costing and pricing method … Garments Costing: Garment costing is a very important part of export garments business. Shirt, trouser, sarees, bed spreads, blankets, towels and made ups are woven. He must to know below important factors for … All Rights Reserved. Dyeing Cost, 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 possible, please send me the costing sheet on excel format my mail--- rhmaftab@gmail.com Thanks ! Afridi November 27, 2018 at 10:43 AM. Fabric is 100% cotton single jersey, and fabric GSM is 140. As a result, fabric consumption should be done accurately after receiving the order. Send email: Thank you! A smart merchandiser need to more analysis about consumption. This is really very easy to understand and helpful, thanks a lot! 8. In this "Fashion School with Nick Verreos" video, Nick shows you how to create a cost sheet for selling your garments. Reply. Actual fabric cost = Total Grey fabric cost + {{(knitting cost + washing cost) + dyeing cost} × 4.13kg] per dozen Below is an example of an effective direct costing method to price a new product being added to a basic shirt line. So, ultimately, the garments costing method is the heart of the readymade garments business. = 3.754 + 10% (in kg) So, ultimately, the garments costing method is the heart of the readymade garments business. To make an accurate costing of order, today I will discuss the method of garments costing for the woven bottom. All the measurements are applied in the following formula-. This sheet can be followed for all other knit garments. Reply Delete. Commercial Cost, Now, we have to calculate the fabric consumption for the above order. Replies. Notify me of follow-up comments by email. Hence let us take some following styles as examples which are in regular use. Dear Sir, couple questions: Step 3: Calculate fabric cost per garment (N): Factory has incurred a cost in insurance and freight and finance charge. Every garments merchandiser should know the actual calculating method of it. OneLife 22:20. 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. Garment Costing Techniques - Apparel costing is important tools to cut costs, avoids wastages, and make optimum use of the available resources. The method of making costing will vary from style to style. Fabric consumption per dozen, (All measurement in cm), In apparel industry, packing accessories which are used for garment packing during garment shipment called packing accessories. Costing is a complete documentation of each garment design that is used to cost the specific garment by establishes the total price. In buying house costing, profit% for the buying house (here-15%) should be added with total FOB cost per dozen. Accessories Cost per dozen……………….…$ 2.00 ……………………… (C) As its importance on garments profit, today I will discuss the easiest costing method for a knitted T-Shirt. Knit Garments Consumption Formula | Knit Top and Bottom Consumption 3. $0.50 ……………………. I have calculated all sub costs required to find total garment cost. Garments costing . Dear Sir, Many times it is needed to know how we reach the final FOB of a garment order. Cost of making (CM)……………………………. A web resource for learning apparel manufacturing. If you don't see the email within a few minutes, check the spam/junk folder. 2. 4.2. 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. 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. Men’s Pyjamas, 5. Fabric accounts for 60 to 70% of the total cost of basic-styled garments. Printing cost, In Garments Industry, Costing is an Important part of a merchandiser. Following one is the sample costing sheet for basic concept. Cost of Making (CM), based on this formula, that should be my wholesale price and i should charge $77 in the shop. We use cookies to ensure that we give you the best experience on our website. Knit fabrics are usually measured in kilogram whereas it is related to GSM as well. Ladies Nightdress, 4. The profit of the order mostly depends on it. A cost sheet makes the job of garment sample costing easier and faster. 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 Yarn Price per kg- $4.00 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. (E) Following one is the sample polo shirt costing sheet for basic concept. can u explain how you calculate sleeve consupmtion without getting sleeve width sizes.. 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. This sheet will give you a basic clear concept regarding garments costing. Factors That Have Effects on Costing. Reply Delete. Fabric consumption is one of the most important & vital role for garment costing. To calculate the cost of the garment, I will first create a table in excel sheet. The following two tabs change content below. In the garments sector, a business is totally standing on the profit of garments costing. for example, a necklace cost me $11.68 to make (using GF and SS materials…but a very simple piece). Example of garment costing: The example of garment cost is given by assuming the following dimensions for polo neck T-shirt, no. = $ (29.74 + 5.00 + 2.00 + 5.00 + 0.50 + 0.30) After, adding all the fabric processing costs (Knitting+ Washing Cost, Dyeing Cost) with grey fabrics cost, the actual fabric cost will be determined. This form of costing strategy is very effective for companies manufacturing basic garments like basic T-shirt, jeans, khakis, classic suits, etc. Body length with allowance- 91cm Garments costing . Knit merchandising is not so easy thing whatever consumption is one of the key factor for knit merchandising. Fabric Consumption : The quantity of fabric needed for making a garment is called fabric consumption for costing. Fabric is generally the most significant factor in the costing of a garment. This form of costing strategy is very effective for companies manufacturing basic garments like basic T-shirt, jeans, khakis, classic suits, etc. Here Total Cost include both fixed and variable Cost of your garments factory for one month How many quantity of fabric needed to finish a garment that is called fabric consumption. Car Title Loans: 3 Things to Know Before Getting One, Top 10 Fashion Colleges in the World 2020, 5 Emerging Trends Poised to Transform Retail Supply Chains, Parts of Sewing Machine and Their Functions, Alternative Methods of Fabric Joining Applied in Apparel Industry, Difference Between Sewing Method and Alternative Method, Top 50 Garment Manufacturers in Bangladesh, Process Flow Chart for Garments Sewing Department, List of Top 100 Garment Buyers in Bangladesh, Knit Fabric Consumption Formula for a Basic T-Shirt, Different Types of Label Used in Garments, 9 Great Ways to Create a Steady Income Online, The Basics of China Quality Control for Importers, Love Them or Hate Them– Best Uniforms People Wear Around The World. Generally, we calculate the grey fabric consumption. In this `` Fashion School with Nick Verreos '' video, Nick shows you how to guides to resolve in. Poly bag not ideal for garment merchandiser establishes the total cost of the readymade garments.. 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