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Description

An introduction to costing techniques.

This course is designed for those who have had limited or no experience with how to determine the right price to charge for a new product. It will take you through a step by step process to apply when costing & pricing products to ensure you not only cover business overheads but also make a profit.

This is a practical course designed to take the guess work out of the pricing process. It will cover examples of how to work out the price to charge for a particular product or product range and cover some of the pitfalls often experienced in the costing and pricing process.

Topics covered are:

•  Understanding the difference between variable and fixed costs.
•  How to factor in staff time and fixed/variable costs in the costing calculation.
•  Step by step methodology on how to work out the price to charge.

LEARNING OUTCOMES

Develop an understanding on how to cost a product.

SUITED TO

This course would suit:

•  Owners of businesses who are wanting a simple methodology to follow to cost products
•  Those involved in developing new products who want to understand how to work out what they would  need to be sold for
•  People looking to extend their knowledge on how to evaluate current costs and their business costing  process to determine whether it can be improved or simplified

PRESENTER

Catriona Knapp, Associate Director,  Staples Rodway