
Considering points for costing of
a product: The followings are the major points considered for costing of a
product,
i. Total dyes and chemical cost.
ii. Total utility cost.
iii. Salary.
iv. Payment.
v. Transport Cost.
vi. Lunch.
vii. Entertainment Cost.
viii. Miscellaneous Cost.
ix. Government Cast Incentive.
Basic Formula of a product price:
Basically price of product is determined by the required profit adding to the
total expense,
Price of Product = Direct Expenses+Indirect
expenses+Factory overhead + Required Profit.
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