COST ASSESSMENT TECHNIQUES

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

Objectives:

  1. To understand costing process of  jewellery design
  2.  To impart in-depth knowledge of manual & computerized cost estimation of  jewellery

 

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

      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: 
Cost-Based Designing:
  1. 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: 
Costing in MS Excel
  1. 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.

 

 

References: 
  1. The Crafter's Guide to Pricing Your Work - by Dan Ramsey
  2. Gold & Platinum Jewelry Buying Guide by Renee Newman

 

Academic Year: 
2014-2015
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