I hope these are more clear
1. Use the given information. a. Determine the cost of goods sold. Spring bridesmaid dress Date: August 8, 20 Style: 875 Sizes: 6, 8, 10, 12, 14 Size scale: 1-2-3-3-3 Fabric mill: Taiwan Manufactured: Hong Kong Fabric width: 36 in. Estimated marker yardage: 39 yd Material: Floral print chintz, 34 yd at $2.48 per yard (This yardage for one garment is determined by estimating the total yardage for a one-dozen run and then dividing it by 12: 39 yds + which is entered on 12 pieces = 3.25 yd for one garment, which is ente the cost sheet.) Pellon lining: & yd at $1.29 per yard Trim: 4 yd at $0.67 per yard Buttons: One decorative button, $0.35 each Marking and grading costs: $285.00 based on a 500-piece minimum order (combined cost) (That means $285.00 = 500 is the cost for one piece.) Cutting costs: $175.00 based on a 500-piece minimum order Construction costs: $84.00 per dozen (This is for all 12; what is it for one?) Duties/shipping: $1.12 each garment COST SHEET le number hand materials swatch Description Fabric mill Manufactured Size range Size scale Fabric width Estimated marker yardage Actual marker yardage Yardage Materials Price per Yard Total Amount fabric fabric Lining Total cost of materials Cost Each Trims Amounts Total Amount Buttons Zippers Belts Other Total cost of trims/findings Labor Marking costs Construction Grading costs combined Cutting costs Total labor costs hipping and Duty Expenses Tport duties Shipping expenses Total shipping and duty costs Total cost of goods to be sold Suggested wholesale price Suggested retail price Duties/shipping: 31.12U b. Determine the wholesale selling price using a 60% mark Fill in the T-chart grid. Dollars Percents 100% Wholesale price 60% Markup % 40% Cost of goods sold Remember, go back and look at your formulas. Selling perce is always equal to 100%; in this case, since you want the markun percent to be 60%, the cost percent will be 40%. Simply divida the cost of goods sold by the cost percent and you will arrive at the wholesale selling price. c. Determine the retail selling price. In this chapter we rounded our wholesale price to the nearest quarter ($0.00, $0.25, $0.50 or $0.75). Based on the wholesale price you reached, round the wholesale price accordingly and use this value in the fol- lowing T-chart. Then, applying a 50% retail markup, deter- mine the retail selling price for this garment. Dollars Percents Retail selling price 100% Markup% 50% Cost/wholesale price 50% d. Do you think this will be a strong selling item? Or do you ne to go back and look for a better price on some element of the cost sheet? 1. Use the given information. a. Determine the cost of goods sold. Spring bridesmaid dress Date: August 8, 20 Style: 875 Sizes: 6, 8, 10, 12, 14 Size scale: 1-2-3-3-3 Fabric mill: Taiwan Manufactured: Hong Kong Fabric width: 36 in. Estimated marker yardage: 39 yd Material: Floral print chintz, 34 yd at $2.48 per yard (This yardage for one garment is determined by estimating the to yardage for a one-dozen run and then dividing it by 12:39 + 12 pieces - 3.25 yd for one garment, which is entered on the cost sheet.) Pellon lining: yd at $1.29 per yard Trim: 4 yd at $0.67 per yard Buttons: One decorative button, $0.35 cach Marking and grading costs: $285.00 based on a 500-piece minimum order (combined cost) (That means $285.00 500 is the cost for one piece.) Cutting costs: $175.00 based on a 500-piece minimum ord Construction costs: $84.00 per dozen (This is for all 12; wher is it for one?) Duties/shipping: $1.12 each garment b. Determine the wholesale selling price using a 60% markup. Fill in the T-chart grid. Dollars Percents Wholesale price 100% Markup% 6096 Cost of goods sold 40% Remember, go back and look at your formulas. Selling percent is always equal to 100%; in this case, since you want the markup percent to be 60%, the cost percent will be 40%. Simply divide the cost of goods sold by the cost percent and you will arrive at the wholesale selling price. c. Determine the retail selling price. In this chapter we rounded our wholesale price to the nearest quarter ($0.00 $0.25, $0.50 or $0.75). Based on the wholesale price you reached, round the wholesale price accordingly and use this value in the fol- lowing T-chart. Then, applying a 50% retail markup, deter- mine the retail selling price for this garment. Dollars Percents Retail selling price 100% Markup% 50% Cost/wholesale price 50% d. Do you think this will be a strong selling item? Or do you need to go back and look for a better price on some element of the cost sheet? COST SHEET Date Style number sketch and materials swatch Description Fabric mill Manufactured Size range Size scale Fabric width Estimated marker yardage Actual marker yardage Yardage Materials Fabric Price per Yard Total Amount Fabric Lining Total cost of materials Trims Amounts Cost Each Total Amount Buttons Zippers Belts Other Total cost of trims/findings Labor Marking costs Grading costs combined) Cutting costs Construction Total labor costs Shipping and Duty Expenses Import duties Shipping expenses Total shipping and duty costs Total cost of goods to be sold Suggested wholesale price Suggested retail price 1. Use the given information. a. Determine the cost of goods sold. Spring bridesmaid dress Date: August 8, 20 Style: 875 Sizes: 6, 8, 10, 12, 14 Size scale: 1-2-3-3-3 Fabric mill: Taiwan Manufactured: Hong Kong Fabric width: 36 in. Estimated marker yardage: 39 yd Material: Floral print chintz, 34 yd at $2.48 per yard (This yardage for one garment is determined by estimating the total yardage for a one-dozen run and then dividing it by 12: 39 yds + which is entered on 12 pieces = 3.25 yd for one garment, which is ente the cost sheet.) Pellon lining: & yd at $1.29 per yard Trim: 4 yd at $0.67 per yard Buttons: One decorative button, $0.35 each Marking and grading costs: $285.00 based on a 500-piece minimum order (combined cost) (That means $285.00 = 500 is the cost for one piece.) Cutting costs: $175.00 based on a 500-piece minimum order Construction costs: $84.00 per dozen (This is for all 12; what is it for one?) Duties/shipping: $1.12 each garment COST SHEET le number hand materials swatch Description Fabric mill Manufactured Size range Size scale Fabric width Estimated marker yardage Actual marker yardage Yardage Materials Price per Yard Total Amount fabric fabric Lining Total cost of materials Cost Each Trims Amounts Total Amount Buttons Zippers Belts Other Total cost of trims/findings Labor Marking costs Construction Grading costs combined Cutting costs Total labor costs hipping and Duty Expenses Tport duties Shipping expenses Total shipping and duty costs Total cost of goods to be sold Suggested wholesale price Suggested retail price Duties/shipping: 31.12U b. Determine the wholesale selling price using a 60% mark Fill in the T-chart grid. Dollars Percents 100% Wholesale price 60% Markup % 40% Cost of goods sold Remember, go back and look at your formulas. Selling perce is always equal to 100%; in this case, since you want the markun percent to be 60%, the cost percent will be 40%. Simply divida the cost of goods sold by the cost percent and you will arrive at the wholesale selling price. c. Determine the retail selling price. In this chapter we rounded our wholesale price to the nearest quarter ($0.00, $0.25, $0.50 or $0.75). Based on the wholesale price you reached, round the wholesale price accordingly and use this value in the fol- lowing T-chart. Then, applying a 50% retail markup, deter- mine the retail selling price for this garment. Dollars Percents Retail selling price 100% Markup% 50% Cost/wholesale price 50% d. Do you think this will be a strong selling item? Or do you ne to go back and look for a better price on some element of the cost sheet? 1. Use the given information. a. Determine the cost of goods sold. Spring bridesmaid dress Date: August 8, 20 Style: 875 Sizes: 6, 8, 10, 12, 14 Size scale: 1-2-3-3-3 Fabric mill: Taiwan Manufactured: Hong Kong Fabric width: 36 in. Estimated marker yardage: 39 yd Material: Floral print chintz, 34 yd at $2.48 per yard (This yardage for one garment is determined by estimating the to yardage for a one-dozen run and then dividing it by 12:39 + 12 pieces - 3.25 yd for one garment, which is entered on the cost sheet.) Pellon lining: yd at $1.29 per yard Trim: 4 yd at $0.67 per yard Buttons: One decorative button, $0.35 cach Marking and grading costs: $285.00 based on a 500-piece minimum order (combined cost) (That means $285.00 500 is the cost for one piece.) Cutting costs: $175.00 based on a 500-piece minimum ord Construction costs: $84.00 per dozen (This is for all 12; wher is it for one?) Duties/shipping: $1.12 each garment b. Determine the wholesale selling price using a 60% markup. Fill in the T-chart grid. Dollars Percents Wholesale price 100% Markup% 6096 Cost of goods sold 40% Remember, go back and look at your formulas. Selling percent is always equal to 100%; in this case, since you want the markup percent to be 60%, the cost percent will be 40%. Simply divide the cost of goods sold by the cost percent and you will arrive at the wholesale selling price. c. Determine the retail selling price. In this chapter we rounded our wholesale price to the nearest quarter ($0.00 $0.25, $0.50 or $0.75). Based on the wholesale price you reached, round the wholesale price accordingly and use this value in the fol- lowing T-chart. Then, applying a 50% retail markup, deter- mine the retail selling price for this garment. Dollars Percents Retail selling price 100% Markup% 50% Cost/wholesale price 50% d. Do you think this will be a strong selling item? Or do you need to go back and look for a better price on some element of the cost sheet? COST SHEET Date Style number sketch and materials swatch Description Fabric mill Manufactured Size range Size scale Fabric width Estimated marker yardage Actual marker yardage Yardage Materials Fabric Price per Yard Total Amount Fabric Lining Total cost of materials Trims Amounts Cost Each Total Amount Buttons Zippers Belts Other Total cost of trims/findings Labor Marking costs Grading costs combined) Cutting costs Construction Total labor costs Shipping and Duty Expenses Import duties Shipping expenses Total shipping and duty costs Total cost of goods to be sold Suggested wholesale price Suggested retail price
