Knit Fabric Costing:
Costing of knit grey and colored fabric varies to a wide range depending on the count of yarn, quality of yarn, GSM of fabric, fabric structure, use of dye type and quality, dyed shade, and also on dyeing and finishing machines used. However a process of knit fabric cost calculation is shown as follows.
How to Calculate Costing of Knit Grey and Colored Fabric
Cost of Grey Knit Fabric:
To produce 100 kg single jersey-knit cotton grey fabric of 150 GSM with 30s cotton yarn will be as follows:
30s cotton carded yarn requirement will be for:
100 kg grey fabric = 100 kg yarn
Plus = 0.5 kg wastages
…………………………………………………………..
= 100.5 kg yarn
Cost of yarn = 100.5 kg X 2.8 = $281.4 [1 kg yarn = $2.8; ]
Cost of yarn…………………………… = $281.4
Knitting charge @ $1/kg = 100 x 1 = $100
…………………………………………………………………………
Cost of 100 kg grey fabric ..………= $381.4
Cost per kg grey fabric = $381.4/100 = $3.814/kg
Hence, the cost of 150 GSM knit cotton grey fabric per kg will be $3.814. Now you can add your expected expense and profit per kg of grey fabric cost, to the cost per kg of grey fabric for your sales price.
Cost of Colored Knit Fabric:
To produce 100 kg reactive dyed color medium shade 150 GSM knit single jersey cotton finished fabric, cost per kg may be calculated as follows:
For 100 kg colored knit fabric requirement = 100 kg
Add dyeing wastage @ 10% of grey fabric = 10 kg
…………………………………………………………………
Total fabric required …………………….… = 110 kg
Cost of 110 kg knit fabric …. = 110 X $3.814 = $419.54
Add dyeing cost @ $1/kg (100 x 1)……………. = $100
………………………………………………………………………
Total cost of colored knit fabric ………..……. = $519.54
Cost per kg colored fabric = $519.54/100 kg
= $5.195/kg
= $ 5.2/kg
Hence, the cost of 150 GSM Knit cotton colored finished fabric per kg will be $ 5.2. Now you can add your expected expense and profit per kg of reactive dyed colored fabric for your sales price.