garments consumption & Costing

FASHION RETAIL AND VISUAL MERCHANDISING - II Pricing of Different Elements and Process Yarn Pricing 100% cotton yarn price per kg= $2.60 - $2.70. CVC (60/40) cotton yarn price per kg= $2.70 - $2.80. 100% viscose yarn price per kg= $4.50 - $5.00. 100% elastane/ Lycra yarn price per kg= $9.00. Knitting Price[Cost depends on construction.] Knitting price always count in taka but we convert in dollar. 1 USD = 75 TAKA S/J 1kg fabric knitting price = 12 taka= $0.16 Rib (Solid)1kg fabric knitting price= 20 taka= $0.26 Rib (Lycra) 1kg fabric knitting price= 22 taka=$0.30 Pique (PK) 1kg fabric knitting price= 25 taka= $0.33 Fleece/ Terry 1kg fabric knitting price= 30 taka= $0.40 Fabric Dyeing Price [Price depends on color dark or light] Light color 1kg fabric dyeing price= $0.90 - $1.00 Dark color 1kg fabric dyeing price= $1.50 - $1.70 Yarn Dyeing Price [When stripe or check is required then we dye yarn] Light color 1kg yarn dyeing price= $1.20 - $1.50 Dark color 1kg yarn dyeing price= $1.70 - $2.00 All Over Print (AOP) 1k dyeing price= $2.00 - $2.50 Finishing Price Finishing price per kg knit fabric= $0.20 Test Cost = $ 0.01/pec CM = SMV or SM * V (standard minute * value) Value for knit & woven = $ 0.8 - $ 0.10 Value for sweater = $ 0.04 - $ 0.05 Standard minute sewing time for a T-Shirt = 8 – 10min Standard minute sewing time for a Polo Shirt = 12 – 15min Standard minute sewing time for a Shirt = 18 – 22min Standard minute sewing time for a Pant = 30 – 40min Standard minute for a Basic Sweater = 30 – 35min Standard minute for a Fancy Sweater = 40 – 60min Standard minute for a Jacquard =70 – 80min Accessories Price Barcode label price per piece = $ 0.01 Hangtag price per piece = $ 0.01 Brand label price per piece = $ 0.01 Care label price per piece = $ 0.01 Sizer price per piece = $ 0.01 Hanger price per piece = $ 0.10 Cartoon price = $ 0.90 - $ 1.00/pec [1cartoon for 1 dozen] [Types of cartoon- paper: i) Virgin, ii) Non-virgin…. Ply: 5/6/7/8ply … i) Auto made by machine, ii) Semi-auto or manually made by both machine and man. (1 cartoon for 1dz product, in costing we take 1 cartoon price not 1dz)] Polybag price per piece= $ 0.002 [Poly bag always sell 1000 piece in $ 2.00, So per piece polybag price= (2/1000) = $ 0.002] Button price per GG (Great Gross) Plastic Button= $ 1.20 - $ 1.30/GG, Metal Button= $ 1.80 - $ 2.00/GG [1G/ Gross = (12*12= 144 pec) & 1GG/ Great Gross= (12*12*12= 1728 pec)] Plastic button price per piece = $1.20/1728= $ 0.000694 Metal button price per piece = $1.80/1728= $ 0.001041 Sewing thread requirement= (Price * required meter / 3900) 1pec T-Shirt= 180 – 200meter 1pec Polo Shirt= 220 – 240meter 1pec shirt= 300 – 350meter 1pec Pant= 400 – 450meter 1 sewing thread cone= 3900-meter, White thread price =$ 0.48 & Color thread price = $0.50 Pigment Cost Two color pigment print = $ 1.20/dozen Three or Four-color pigment print = $ 1.40 - $ 1.50 / dozen Crack/ High Density/Foil/Glitter/Flock print = $ 1.80 - $ 2.20 / dozen Embroidery cost 1 unit (10 000 stitch) = $ 1.20 [100% Cotton S/J, GSM-160, B.L-70 cm, S.L-18 cm, 1/2 Cheast-54 cm, FOB=?] An example of a T-shirt consumption &costing (Body length+2 +sleeve length+2) * (1/2 cheast+2) *24*GSM*wastage 10% Body fabric consumption/dozen= -------------------------------------------------------------------------------------------------- kg 10 000 000 (72+20) *56*24*160*1.10 21762048 = ----------------------------------------- = ---------------------- = 2.1762 kg/dozen 10 000000 10000000 [Wastage % i.e. 5%= 1.05, 7%= 1.07, 8%= 1.08, 10%= 1.10,15%=1.15, 20%=1.20] Yarn requirement= add 30% of fabric consumption with consumption = 2.1762+30% =2.1762 + (2.1762*30/100) = 2.1762+ 0.65286 = 2.829 kg a..Yarn costing = 2.892 * $ 2.60 (1kg 100% cotton yarn price $ 2.60) = $ 7.3554 b..Knitting costing = 2.829 * $ 0.16 (1kg S/J fabric knitting price $ 0.16) = $ 0.4526 c..Dyeing price = 2.1762 * $ 1.50 (1kg dark color fabric dying price $ 1.50) = $ 3.2643 d..Finishing price = 2.1762 * $ 0.20 (finishing price per kg fabric $ 0.20) = $ 0.4352 e..CM = SM*V [Standard minute /sewing time for a T- shirt = 8min …… Value= $ 0.08 – $ 0.10] = 8 * $ 0.10 = $ 0.8 * 12 [CM for 1dozen] = $ 9.60 f. Test cost = 0.01 * 12 = $ 0.12 g. Accessories pricing Barcode label price per dozen = $ 0.01 * 12 =$ 0.12 Hangtag price per dozen = $ 0.01 * 12= $ 0.12 Brand label price per dozen = $ 0.01 * 12= $ 0.12 Care label price per dozen = $ 0.01 * 12 = $ 0.12 Sizer price per dozen = $ 0.01 * 12 = $ 0.12 Hanger price per dozen = $ 0.10 * 12= $ 1.2 Polybag price per dozen = $ 0.002 * 12= $ 0.024 Cartoon price = $ 0.90 Sewing thread price = 0.50*180/3900*12 = $ 0.2769 Total accessories cost = $ 3.0009 Total cost = $ 24.2284/dz Commercial cost = 2.5% of total cost = $ 0.6052 [24.2284*2.5/100] Buying profit = 5% of total cost = $ 1.2114 [24.2284*5/100] Factory profit = 5% of total cost = $ 1.2114 [24.2284*5/100] FOB = $ 27.2564/dozen. [T.C+C.C+B.P+F.P] = $ 2.21/pec [100% cotton pique polo, GSM-180, color- black, Rib collar = 52cm*4cm] An example of a Polo-Shirt consumption & costing (Body length+2 + sleeve length+2) * (1/2 cheast+2) * 24 * GSM * wastage 10% Body fabric consumption/do= ------------------------------------------------------------------------------------------------------ kg 10 000 000 (72+18) * 54 * 24 * 180 * 1.10 23094720 = ------------------------------------------- = ---------------------- = 2.3094 kg/dozen 10 000 000 10 000 000 collar length *collar width * 12 * GSM * wastage 10% Collar fabric consumption/dozen= ----------------------------------------------------------------------------- kg 10 000 000 52 * 4 * 12 * 180 * 1.10 494208 = ------------------------------------------- = ---------------------- = 0.0494 kg/dozen 10 000 000 10 000 000 [Wastage % i.e. 5%= 1.05, 7%= 1.07, 8%= 1.08, 10%= 1.10,15%=1.15, 20%=1.20] Total fabric requirement = (2.3094+0.0494) = 2.3588 kg Yarn requirement for body = add 30% of body consumption with body consumption = 2.3094+ (2.3094*30/100) = 3.0022 kg Yarn requirement for collar = add 30% of collar consumption with collar consumption = 0.0494 + (0.0494 * 30 /100) = 0.0642 kg Total yarn requirement = (3.0022+0.0642) = 3.0664 kg a.. Yarn costing = 3.0664 * $ 2.60 (1kg 100% cotton yarn price $ 2.60) = $ 7.9726 b.. Knitting cost pique (pk) = 3.0022 * $ 0.33 (1kg pique knitting price $ 0.33) = $ 0.9907 c.. Knitting cost Rib (1*1) = 0.0642 * $ 0.26 (1kg rib 1*1 solid knitting price $ 0.26) = $ 0.0166 d.. Dyeing price = 2.3588 * $ 1.50 (1kg dark color fabric dying price $ 1.50) = $ 3.5382 e.. Finishing price = 2.3588 * $ 0.20 (finishing price per kg fabric $ 0.20) = $ 0.4717 [Standard minute /sewing time for a polo- Shirt = 12-15min …… Value= $ 0.08 – $ 0.10] f..CM = SM*V = 12 * $ 0.10 = $ 1.2 * 12 [CM for 1dozen] = $ 14.4 g. Test cost = 0.01 * 12 = $ 0.12 h. Accessories pricing Barcode label price per dozen = $ 0.01 * 12 = $ 0.12 Care label price per dozen = $ 0.01 * 12 = $ 0.12 Brand label price per dozen = $ 0.01 * 12 = $ 0.12 Sizer price per dozen = $ 0.01 * 12 = $ 0.12 Hangtag price per dozen = $ 0.01 * 12 = $ 0.12 Hanger price per dozen = $ 0.10 * 12 = $ 1.2 Polybag price per dozen = $ 0.002 * 12 = $ 0.024 Plastic Button, 4pec/Polo shirt = $ 0.000694*4*12= $ 0.0333 Cartoon price = $ 0.90 Sewing thread price = $ 0.50*220/3900*12 = $ 0.3384 Total Accessories cost = $ 3.0957 Total cost = $ 30.6055 Commercial cost = 2.5% of total cost = $ 0.7651[24.2284*2.5/100] Buying profit = 5% of total cost= $ 1.5302 [24.2284*5/100] Factory profit = 5% of total cost = $ 1.5302 [24.2284*5/100] FOB = $ 34.431/dz [T.C+C.C+B.P+F.P] = $ 2.87 /pec [1dozen= 8kg so, 8/12 = 0.66kg/pec. 100% Cotton, 12-gauge, Body color- Red] FOB=? An example of a sweater consumption & costing Yarn requirement/dozen = yarn weight * 12 * wastage 15% = 0.66 * 12 *1.15 =9.108 kg a..Yarn cost = 9.108 * $ 2.60 [1kg cotton yarn price= $ 2.60] = $ 23.6808 b..Dyeing Cost = 9.108 * $ 1.50 [1kg dark color dyeing= $ 1.50] = $ 13.662 c..Finishing cost = 9.108 * $ 0.20 [1kg fabric finishing price $ 0.20] = $ 1.8216 d. CM = SM*V = 35 * $ 0.05 * 12 =$ 21 e. Test cost = $ 0.01 * 12 = 0.12 f. Accessories Cost Barcode label price per dozen = $ 0.01 * 12 = $ 0.12 Care label price per dozen = $ 0.01 * 12 = $ 0.12 Hangtag price per dozen = $ 0.01 * 12 = $ 0.12 Sizer price per dozen = $ 0.01 * 12 = $ 0.12 Brand label price per dozen = $ 0.01 * 12 = $ 0.12 Hanger price per dozen = $ 0.10 * 12 = $ 1.2 Polybag price per dozen = $ 0.002 * 12 = $ 0.024 Cartoon price = $ 0.90 Total Accessories pricing = $ 2.724 Total cost = $ 63. 0084 Commercial cost = 2.5% of total cost = $ 1.5752 [$ 63. 0084*2.5/100] Buying profit = 5% of total cost = $ 3.1504[$ 63. 0084*5/100] Factory profit = 5% of total cost = $ 3.1504 [$ 63. 0084*5/100] FOB = $ 70. 8844/dozen[T.C+C.C+B.P+F.P] = $ 5.90/pec. Thanks to: Arafat Hossain (Sir) Merchandiser at Carrefour Global Sourcing Bangladesh. Phone: +88 01674 69 99 89 Prepared by: Sourav Parvez 9th batch, Dept. of FDT UTTARA UINIVERSITY Phone: +88 01688 605 710 [N: B: The sentence which is in the bracket no need to write in final exam, these are just for understand. If any typewrite or print mistake then I have no responsibility. Please, check it out the calculation by yourself.] Woven Consumption & Costing 70 * 100 Fabric construction = ----------------- * 58’’ [1 inch= 2.54 cm] 100 * 110 For example, 100% cotton poplin fabric = $ 2.70 / yds (Body length + Sleeve length) *1/2 chest *24* wastage 5% a..Body consumption /dz = -------------------------------------------------------------------------------yds 36* Fabric Width Collar length * Collar width * 24 * wastage 5% b..Collar consumption /dz =-- ------------------------------------------------------------- yds 36 * Fabric Width Cuff length * Cuff width * 24 * wastage 5% c..Cuff consumption /dz = --------------------------------------------------------------- yds 36 * Fabric Width Yoke length * Yoke width * 12 * wastage 5% d. Yoke consumption /dz = --------------------------------------------------------------- yds 36 * Fabric Width Pocket length * Pocket width * 12 * wastage 5% e..Pocket consumption /dz = ----------------------------------------------------------------- yds 36 * Fabric Width Total fabric requirement = (a + b + c + d + e) = $ Yds Fabric cost = (Total fabric requirement * Per yards fabric price) = $ … CM = [(SM * V) * 12] = (22min * $ 0.10 * 12) = $ 26.4 Test cost=$ 0.01 *12 = $ 0.12 Accessories cost Barcode price per dozen = $ 0.01 * 12 = $ 0.12 Care label price per dozen = $ 0.01 * 12 = $ 0.12 Brand label price per dozen = $ 0.01 * 12 = $ 0.12 Sizer price per dozen = $ 0.01 * 12 = $ 0.12 Hangtag price per dozen = $ 0.01 * 12 = $ 0.12 Hanger price per dozen = $ 0.10 * 12 = $ 1.2 Polybag price per dozen = $ 0.002 * 12 = $ 0.024 [polybag/pec = $ 2/1000] Button, Plastic 11pec/ Shirt = $ 0.0006944*11*12 = $ 0.0916 [button/pec= $ 1.20/1728] Cartoon price = $ 0.90 Sewing thread price = $ 0.50*300/3900*12 = $ 0.4615 Total Accessories cost = $ 3.2771 Total cost = $ Commercial cost = 2.5% of total cost Buying profit = 5% of total cost Factory profit = 5% of total cost FOB = $ /dozen [T.C+C.C+B.P+F.P] = $ /pec. 9