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Product Costing Workshop

When planning to manufacture and sell a new product, or refine your process for an existing product, a costing exercise is critical to understand your input costs.

Input costs include the direct materials and labour as well as the indirect costs, or overheads, that go into the production.

We have set up a product costing workshop to:

  • Identify the direct costs of the product
  • Identify the indirect costs of the product
  • Analyse the time frames over which the product will be produced
  • Provide a Google / Excel sheet with the calculations of the product cost

We will work through a single product in the 1.5 hour workshop, more if there is time, but the principles apply to any product using the same calculation sheet.