Hi Guys and Girls,
Please can you help?
I need some kind of costings formula/percentage to add to products when making them in a factory. This is for 2nd year FS&T Degree students.
Basically, once you have costed all of the raw materials, what percentage do you add to cover:
Yield
Labour
Electricity
Gas
Machinery
Refrigeration
Freezing
Storage
Distribution
I know it all depends on the size of factory, what you are making etc... however is there a ball park figure for each of these items above? Either as a percentage of what is being made or as a value?
I would really appreciate your help on this as it is something I have never really looked at before.
Cheers
Simon
UPDATE:
I have managed to write a fairly comprehensive xls spreadsheet covering all costs now. Thanks!
Edited by mesophile, 03 August 2012 - 11:04 AM.