COSTING SHEET AND LAY PLANS

After finalizing my garment, I needed to total up a final cost. In the industry, this method is using to calculate how much a garment should be retailed for. However, as I do not plan on selling my garment, this would not apply to my company, but if I were to create a diffusion range, this would apply. I totaled up the cost of my material and threads etc. and applied VAT and labour costs. I used the following equation. Total Cost + Labour x 3 + VAT x 20 = Total Retail Cost. I have also included some of my lay plans, which would be used to save money on amounts of fabric bought, when creating mass production of certain items of clothing. My items are one off and will not be mass produced, however, they are still needed to keep unnecessary costs down.

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Labels: Making