Cost Assessment Techniques

Paper Code: 
JWT 403
Credits: 
8
Contact Hours: 
120.00
Max. Marks: 
100.00
Objective: 

To enable students awareness of importance of designing for sustainability

To provide knowledge of current sustainable technologies, materials and design innovation

40.00
Unit I: 
I. Costing and Pricing Strategies, Objectives & Pricing formula

 

  • Costing  of a  Jewellery Piece
  •  Wastage
  •  Labour Cost 
  • Determination of Profit
  • Selling Prices
  • Jewellery Purchasing
  • Cost of inputs

 

40.00
Unit II: 
II. Cost-Based Designing
  • Designing a Pendant and earring Set for a Particular Cost-Price
  • Designing a Ring for a Particular Cost-Price
  • Designing a Earring  for a Particular Cost-Price
40.00
Unit III: 
III. Costing in MS Excel
  • MS Excel

Introduction, spreadsheet, workbooks, saving a file, opening an existing worksheet, Rows and columns, cell entries (numbers, labels, formulas),

  • Various tools & Functions           :                                                          

Filling series, Functions and its parts, Some useful Functions in excel (SUM, AVERAGE, COUNT, MAX, MIN, IF) .Data sort, Renaming  sheet, Printing worksheet.

  •  Costing :

Insert Picture, Rate of Metal & Gem stones, Labour, Wastage,  Determination of Profit and selling price.

 

Essential Readings: 

  1. The Crafter's Guide to Pricing Your Work - by Dan Ramsey

2.    Gold & Platinum Jewelry Buying Guide by Renee Newman

Academic Year: 
2015-2016
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