Apparel Industry Management

Apparel Industry Management 3(3+0)

Lesson 22 : Costing

Cost Estimating

Cost estimating, which is done just prior to price setting and production, require a detailed analysis of garment components and the specific assembly procedure for each style. Cost estimating determines the expected investrneat in materials direct labor, and overhead required to produce a single unit of a style. It require more detail and greater accuracy than preliminary costing. Costing, at this stage is based on production samples and standard data.