Garment Costing

Garment Costing

In the ever-evolving fashion industry, understanding and managing garment costs is vital for sustainable growth. This garment costing serves as a comprehensive tool for budgeting and forecasting, enabling stakeholders to make informed decisions about production and pricing. Below is a detailed breakdown of the anticipated costs involved in producing a garment.

I. Basic Information

Category

Description

Amount ($)

Notes

Date

Fabric

Cotton for t-shirt

1,500.00

100% organic cotton

January 15, 2050

Trims

Buttons and zippers

200.00

50 buttons, 20 zippers

January 20, 2050

Labor

Cutting and sewing costs

3,000.00

100 hours @ $30/hour

February 1, 2050

Overhead

Utility and facility costs

500.00

Rent and utilities

February 5, 2050

Packaging

Cost of packaging materials

150.00

Boxes and labels

February 10, 2050

Shipping

Delivery costs

300.00

Standard shipping

February 15, 2050

Marketing

Promotional expenses

400.00

Online advertising

March 1, 2050

Contingency

Unforeseen expenses

600.00

10% of total costs

March 5, 2050

Total Cost

Sum of all costs

6,800.00

Final calculation

March 10, 2050

II. Assumptions and Notes

  • Production Volume: This costing assumes a production volume of [INSERT VOLUME] units.

  • Market Conditions: The costing reflects current market conditions as of [INSERT DATE].

  • Currency Fluctuations: Any potential fluctuations in material prices due to market demand are not accounted for in this initial costing.

III. Conclusion

This garment costing is designed to provide clarity and guidance in the budgeting and forecasting processes. By effectively managing costs, organizations can ensure a balanced approach to profitability while maintaining quality and competitiveness in the market. For any further inquiries or additional details, please feel free to reach out.

Prepared by: [YOUR NAME]
Email: [YOUR EMAIL]

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