Garment Costing Sheet Analysis:
A costing sheet is a statement or format where all the costs are entered in an orderly manner to ascertain the total cost of a product or process. It is also known as the working sheet or worksheet. Garment costing sheet has too much importance in the readymade apparel manufacturing industry. That is why I have presented here a garment costing sheet format and explained all the components.
Major Components of Garments Costing Sheets:
A costing sheet or cost sheet consists of four major components. Those are in the below:
- Prime cost,
- Factory cost or work cost,
- Office cost,
- Total cost.
All the above points have explained in the following:
1. Prime cost:
Prime cost consists of direct material, direct labor, and direct expenses. It is also termed as basic cost, flat cost, and first cost.
Prime cost= Direct material (D.M) + Direct labor (D.B) + Direct expenses (D.E)
2. Factory cost or work cost:
Factory cost or work cost consists of prime cost and works or factory overhead. It is also known as manufacturing cost or apparel production cost.
Factory cost= Prime cost + Factory overheads
3. Office cost:
Office cost consists of a factory or work cost and office and administration overheads. Office cost is also known as cost or apparel production.
Office cost= Factory cost or work cost + Office and administration overheads
4. Total cost:
Total cost is ascertained by adding, selling, and distribution overheads to the cost of apparel production of goods sold. It is also known as “cost of sales”.
Total cost= Office cost + Selling and distribution overheads
Garment Costing Sheet Format:
| SL No. | Types of cost | Particulars | Amount (in Taka) |
| 01 | Primary cost | Direct material | 12,200 |
| Direct labor | 4,000 | ||
| Direct expense | 800 | ||
| Total prime cost | 17,000 | ||
| 02 | Factory cost or work cost | Primary cost | 17,000 |
| Factory overheads | 23,000 | ||
| Total factory cost | 40,000 | ||
| 03 | Office cost | Factory cost | 40,000 |
| Office overheads | 30,000 | ||
| Total office cost | 70,000 | ||
| 04 | Total cost | Office cost | 70,000 |
| Selling overheads | 20,000 | ||
| Total cost | 90,000 |
