Visit the new CGCS
Website at www.caribbeangiftandcraft.com
and view the new features it has to offer:
- Exhibitor/Buyer
Services - Relevant information for exhibitors
and buyers on registration, booth rates, floor plans etc.,
AND COMING SOON - ONLINE REGISTRATION.
- Exhibitor
Profiles - An opportunity to publicise your company and
products. Send us your profiles, brochures and photographs.
- CGCS Updates -latest
news and show updates for exhibitors and buyers
- Press
Releases - most recent press releases and show news
- Photo
Gallery - photos of past exhibits AND COMING
SOON 2008 EXHIBITS
- See the
most up to date travel and accommodation specials!
- Download
your copy of the Export Marketing Manual!
- View the
online handicraft catalogue!
- Explore
the useful links and tap into the vast educational resources
available to artisans!
- Check
Upcoming Events!
Remember to visit www.caribbeangiftandcraft.com
USEFUL
TIP SERIES
COSTING & PRICING
Calculating
Direct Costs
Materials
The cost of direct
materials, also called raw materials, is the value of the exact amount
of materials in a given product. Each required component of the
finished product is itemised by weight, measurement or estimated usage
in production of the product.
For materials used
in very small quantities, such as string to attach a hangtag, it is
best to include these material costs in indirect costs rather than
trying to calculate the small amounts used.
Labour
Direct labor cost
is the appropriate hourly wage multiplied by the total amount of time
required to complete production, inspection, packaging and packing of
one item. The hourly wage is calculated at .60 per
hour. Payroll taxes are added as a percentage of the per item
labor cost.
