What is a garment costing sheet?

What is a garment costing sheet?

Garment cost sheet prepared to calculate the cost of one piece of garment. The cost sheet includes the material cost and cost of processing. The production quantity also plays an important part when deciding the cost.

How do you do costing in garment industry?

To make the garment costing, we have to find out following things.

  1. Fabric consumption.
  2. Gross weight of other components of the garment.
  3. Fabric cost per kg.
  4. Fabric cost per garment.
  5. Other charges (print, embroidery, etc.)
  6. Cost of trims (labels, tags, badges, twill tapes, buttons, bows, etc.)
  7. CMT charges.

How do you calculate garment costing?

Example of garment costing:

  1. CMT charges are calculated as: Total available capacity per month (in minute) = 26 working days*8 hours/day*60=12,480 minutes.
  2. Labour cost per minute = (Monthly salary of an operators/Total minutes available in the month) at 100% efficiency.
  3. = 6000/12480.

What are the costing parameters of garment?

Following parameters need to be counted for garments costing:

  • Quantity of garments.
  • Fabric consumption.
  • Nature of fabric.
  • Knitting pattern.
  • Yarn content.
  • Yarn count and type.
  • Yarn cost per kg.
  • Cost of accessories like hangers, cartons, ply-boards, poly-bags etc.

How do you write a cost sheet?

Total cost and cost per unit for a product….Method of Preparation of Cost Sheet.

Step I Prime Cost = Direct Material Consumed + Direct Labour + Direct Expenses Direct Material= Material Purchased + Opening stock of raw material-Closing stock of raw material.
Profit Sales – Total Cost

What is CMT in garment industry?

Cut, Make, and Trim, or CMT for short, manufacturers cut the fabric, make the clothes as per the design, and trim them with the trimmings. CMT manufacturers work with businesses of different sizes, ranging from small to designer brands. Sometimes, they take subcontracted orders from Fully Factored manufacturers.

Which method of costing is best suited for garment manufacturing?

1. Job costing: The costing technique evaluates the cost of every job work done for a particular order and debits the cost of jobs for ascertaining the manufacturing cost of a garment. 2. Batch costing: This method is akin to job costing, the only difference is the cost of batch of garment being produced is considered.

How do you do fabric costing?

Cost of the fabric = Cost of grey fabric + dyeing charges + finishing charges + shrinkage + wastage. Costing is a very complex procedure. There are set patterns and guidelines followed by the industry. It is difficult to find out costs for every process as there are some inbuilt costs while costing.

How is fabric price calculated?

Suppose that we receive following fabric parameters which are required to calculate the fabric cost:

  1. EPI = 100.
  2. PPI = 80.
  3. Warp count = 40 s cotton.
  4. Weft count = 40 s cotton.
  5. Fabric width=120 inches.
  6. Warp crimp = 11 ℅
  7. Weft crimp = 4℅
  8. Waste percentage= 3℅

How is garment price calculated in CMT?

CMT charges are calculated as: Cutting cost = (SAM of cutting * Minute cost of the labour) / cutting efficiency (percent) = 7*0.480/50 =0.134 dollars. Production cost of garment (CMT) = sewing cost + cutting cost + trimming cost = 0.288+0.134+0.06 = 0.482 dollars.

What are the elements of apparel costing?

The cost of a garment depends on these components: Fabric, trims, cut Make and Trim charges, value added services: printing, embroidery, washing, appliqué, testing of the garment, quality, transportation and logistics cost, profit of the manufacturing organization.

Which costing is suitable for readymade garments?

Why do you need a garment costing sheet?

A cost sheet makes the job of garment sample costing easier and faster. If you use a cost sheet there is a less chance to miss any particular costing heads when you are in a hurry. Many times it is needed to know how we reach to the final FOB. A well-designed cost sheet will help you trace all the details of cost.

What does it mean to cost a garment?

In fashion manufacturing, costing means the process of estimating and then determining the total cost of producing a garment or item. It generally includes raw material cost, construction of the garment, trims, packaging, shipping and operating expenses and manpower, among others.

What should be included in a cost sheet?

The cost sheet will also give cost break up for future reference. The following one is a sample cost sheet. This sheet is filled with indicative numbers. Further details of packing, Trims, and Embellishment costing have been shown in the following table.

How does fabric affect the cost of a garment?

Fabric is generally the most significant factor in the costing of a garment. Fabric accounts for 60 to 70% of the total cost of basic-styled garments. The parameters that affect the fabric cost: UOM: Unit of Measurement (UOM) is a standard measurement that is used. The UOM for woven fabric is normally in meters or yard.