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    Budget / Pre Cost, Post Cost, Open Costing, Close Costing

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    Rejaal
    Budget/pre-cost involves estimating total order costs for materials, accessories, and other items before bidding to obtain an order. The agreed cost per piece is determined, then the net costing per piece is calculated by dividing total order costs by the number of pieces to produce. The pre-cost profit per piece is the difference between the agreed and net costs. Post-cost refers to actual costs determined after production is complete. The ultimate profit takes into account the pre-cost profit minus any additional actual costs found in post-costing.

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    Budget / Pre Cost, Post Cost, Open Costing, Close Costing

    Uploaded by

    Rejaal
    138 views1 page
    Budget/pre-cost involves estimating total order costs for materials, accessories, and other items before bidding to obtain an order. The agreed cost per piece is determined, then the net costing per piece is calculated by dividing total order costs by the number of pieces to produce. The pre-cost profit per piece is the difference between the agreed and net costs. Post-cost refers to actual costs determined after production is complete. The ultimate profit takes into account the pre-cost profit minus any additional actual costs found in post-costing.

    Original Description:

    budgeting the pros

    Original Title

    Budget for Pros

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    Budget/pre-cost involves estimating total order costs for materials, accessories, and other items before bidding to obtain an order. The agreed cost per piece is determined, then the net costing per piece is calculated by dividing total order costs by the number of pieces to produce. The pre-cost profit per piece is the difference between the agreed and net costs. Post-cost refers to actual costs determined after production is complete. The ultimate profit takes into account the pre-cost profit minus any additional actual costs found in post-costing.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    138 views1 page

    Budget / Pre Cost, Post Cost, Open Costing, Close Costing

    Uploaded by

    Rejaal
    Budget/pre-cost involves estimating total order costs for materials, accessories, and other items before bidding to obtain an order. The agreed cost per piece is determined, then the net costing per piece is calculated by dividing total order costs by the number of pieces to produce. The pre-cost profit per piece is the difference between the agreed and net costs. Post-cost refers to actual costs determined after production is complete. The ultimate profit takes into account the pre-cost profit minus any additional actual costs found in post-costing.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 1

    Budget / pre cost , Post cost , Open costing , Close costing

    Budget/pre-cost :


    Budget is done While bidding to get order. Assume, TTL order cost ( fabric/accessories/others) = 40 USD.
    Say, Agreed cost = 5.18 USD. / pc Net Costing = 40/dzn
    = 40/12
    = 3.33 USD./pc


    # profit = ( Agreed cost Net costing)
    = 5.18 3.33 = 1.85 USD./pc

    Post cost :
    The cost After garments delivery .
    Say, post cost is = X
    So, The ultimate profit = ( profit - X ) USD.

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