In the apparel industry, it is essential to have a clear understanding of the difference between costing and pricing. Costing refers to the calculation of production costs without factoring in profit, while pricing includes profit margins. To calculate the cost of manufacturing a garment, one must have a good grasp of the prices of raw materials and the cost of manufacturing. In this blog, we will be discussing a sample costing sheet for knit garments that can help in understanding the basic concepts of garment costing.
Moreover, garment costing is a crucial aspect of the apparel industry, and having a clear understanding of the various factors that influence the cost is necessary for the success of any apparel business. While there is no specific formula for calculating garment costs, the sample costing sheet for knit garments presented in this blog can provide a basic understanding of the process. The costing sheet includes various aspects such as fabric cost, trimmings, dyeing and printing, labor cost, etc., which are essential in calculating the total cost of manufacturing. By using this sheet as a reference, manufacturers can calculate the cost of their garments and set competitive prices to ensure profitability.
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