Module 10: Costing for Profit
Presented by Frances Harder with Andreu David (Owner/CEO of AD5 Inc.)
It goes without saying that the simplest garments cost less to make. As styling details are added the cost of the finished garment will increase labor cost in production. Determining all the costs and all the important components that make up a cost sheet will be the key to your company’s success. One missing item or miscalculation from the cost sheet could lead to the loss of a season’s profit, and if not realized in time could ultimately lead to the failure of your company. Understanding the importance of costing your product will be the determining factor in the profitability of your company’s growth and survival.