For the sweater costing process, first should make a sample as per buyer requirement. The sample is made to the middle size of customer specification. Then weigh that sweater & multiply the weight by 12 pcs to know the weight of per dozen sweaters. Then add wastage percentage.
Sweater Costing Process:
Costing is a crucial part of the garments manufacturing sector. In garments merchandising, garments costing is the main process. If the garments merchandiser can contract a perfect costing of order then all the remaining processes will be easy to complete. A perfect costing can increase a business.
For the cost of the sweater, we need to make a sample first as per requirement style, measurement & weight. It is wise to make the sample following the middle size of buyer spec. Then weigh that sweater & multiple the weights with 12 pcs to know the weight of per dozen sweaters. Then add wastage percentage. Generally, we can see different types of gauges like 3GG, 5GG, 7GG, 12 GG.
Importance point of Sweater Costing
- Weight of sweater sample
- Yarn Price
- Accessories Cost
- Print cost if any
- Embroidery cost if any
- CM (Cost of Making.)
- Washing cost
- Commercial Charge
- Profit
Example:
Calculate the factory merchandising pricing (costing) of a Men’s sweater with a Crew neck, Saddle shoulder, long sleeve, all over 4 lines (normal) diamond, and 8 lines fancy cables. Yarn type- 100 % Acrylic, price $ 1.96 / lb, required yarn – 16 lbs /dzn, gauge- 3G . Shipment will be 30th June 2015.
Given,
Yarn Price = $1.96
Required Yarn = 16 lbs/ dzn
Yarn = Acrylic
Required Gauge = 3 G
Season = Peak as delivery 30th June
Wastage = 6%
Cost of Manufacturer (CM)= $ 22 / dzn
Design
4 lines diamond (normal) = $ 1 x4 = $4
8 lines cabels (fancy) = $ 0.5 x 8 = $4
Total = $8
Style
Saddle sleeve = $0.50/dzn
Commercial = $ 4/ dzn
Assessment :
Yarn price = $ 1.96 x 16 = $ 31.36
Yarn Wastage = $1.96 x 16×6% = $ 1.88
Cost of Manufacturer (CM) = $ 22.00
Styling and Designing = $ 8.00
Trims usual = $ 4.00
Commercial charge = $ 4.00
Total = $ 71.24 /dzn
Hence the sweater price is $71.24/ dzn. (ANS)