Title | The Fundamentals of Garment Costing |
Event Date | 25 February, 2021 |
Description |
AECE
participated in "The Fundamentals of Garment Costing" series of
webinars to introduce the International Trade Centre’s (ITC) new technical
guide to help garment factories move from basic costing to full value costing
and beyond. In the first two sessions, the discussion focused on full value
garment costing and how textile and clothing (T&C) industry stakeholders,
compromising of governments, industry organizations, and entrepreneurs' could
move their sector forward by utilizing the knowledge of full value costing. In
the third session, the webinar focused on basics of garment costing and provided
a rigorous analysis on which all garment costings are based. It described each
component of the basic garment cost sheet:
fabric trim, direct labour overhead and profit. Also showed how each is
calculated. It explained the limitations of the basic cost sheet as an
approximation and the job costing as an exact calculation. |