Textile / Textile Product Costing
Subject Overview
Textile/Textile Product Costing teaches the commercial calculations behind a competitive textile product — costing concepts, terminology and factors that determine profitability. You'll learn costing definitions and international trade terminology (CIF, FOB, bonded warehouse), merchandising mathematics (markups and markdowns) and costing factors like rent and labour, and close with the departments involved in costing and actual garment/home-furnishing costing exercises. This is a 2-credit core practical paper across 3 units.
Unit-wise Syllabus
3 units — click WhatsApp below to get the full notes for each
Unit 1: Costing fundamentals
Costing definition, advantages and importance, cost terminology — bonded warehouse, CIF, FOB, counter sample, duty, overseas shipping, storage cost, air freight/express
Unit 2: Merchandising mathematics
Markups and markdowns, costing factors — rent, labour, operating cost, utilities, capital depreciation
Unit 3: Departmental costing & garment costing
Various departments of costing — administration, sales, production, direct and indirect elements of cost, costing a shirt, trouser or home furnishing product