How to Calculate Knitting Cost in Textile Knitting Industry?
Knit Fabric Cost and Knitting Cost Calculation in Textile:
Knitting cost calculation method in textile 
Parameters

Amount or Quantity

Total machine

2

Shift per day

3

Production capacity per shift

70kg per machine

Yarn used

1000kgs

Yarn price

Rs. 200 per kg

Knitting wastage

2%

Operator wages

Rs. 200 per shift

Helper wages (In production)

Rs. 100 per shift

Inspection wages

Rs. 200 per shift

1 helper

2 machines

1 operator

1 machine

Inspection worker

1 person

Power

Rs. 4000 per month

Rent

Rs. 8000 per month

Transport

Rs. 6000 per month

Salary

Rs. 25000 per month

Other expenses

Rs. 24000 per month

Profit

10%

To calculate the knitting cost and rate we have to follow the below knitting cost calculation formulas:
Knit fabric cost/kg,
Total production
2. Knit Fabric Manufacturing Cost calculation:
Knitting cost/kg,
Total production
= 980kg
Total Production Time Calculation:
Total production time = Total production/production capacity per shift …………………… (3)
= 140kg
= 7 shift
= Rs. 200000
Inspection wage = No. of inspector × No. of shifts × Rs. 100 = 1×7×200 = Rs. 1400
= Rs. 4900
Direct expense = 0
Overhead (OH) Cost Calculation:
= (Cost × 7 shifts)/ (30days× 3 shifts in a day) = {(4000×7)/90} = Rs. 311
= (Cost × 7 shifts)/ (30days× 3 shifts in a day) = {(8000×7)/90} = Rs. 622
= (Cost × 7 shifts)/ (30days× 3 shifts in a day) = {(6000×7)/90} = Rs. 467
= (Cost × 7 shifts)/ (30days× 3 shifts in a day) = {(25000×7)/90} = Rs. 1944
= (Cost × 7 shifts)/ (30days× 3 shifts in a day) = {(24000×7)/90} = Rs. 1867
= Rs. 5211
= {(200000+4900+0+5211/980)} = Rs. 214.40
= Rs. 238.20
= Rs. 10.30