The template includes a detailed product cost review sheet, what-if cost calculations for cost analysis purposes and quantity forecast calculations that can be used for requirements planning or stock usage measurement. 4 Product Pricing Calculator Template free download. DOWNLOAD. The input quantity that is entered in column C is divided by the yield in column D in order to determine the component quantity that is required in order to produce the manufactured product. All the what-if cost calculations in the template are automatically updated and you can view a comparison of all manufactured stock items on the StockCode sheet or view a comparison between the what-if cost and the product cost of a single manufactured stock item by simply selecting the appropriate stock item from the list box in cell A4 on the Costing sheet. Resume Templates 1210 Document(s) Power of … You might like these other Costing & Inventory templates. Note that even though labour is not actually a stock item, we also assign a stock code to labour cost in order to include this type of direct cost in the product costings. Enable macro to view in Excel. The purpose of the BOM sheet is to create a link between stock components and manufactured products. Note: Component stock usage can be measured in much the same way. Benefits of pricing template It is the right of customer or client to know about the price range of goods or products before making purchases and pricing sheets are developed for this purpose. For the purpose of compiling product costings, stock codes also need to be created for all labour, direct overheads and even distribution costs that need to be included in the product costings. UOM - the unit of measure (UOM) refers to the stock measurement that is used when ordering, manufacturing and counting stock. Note that the product cost of the manufactured product that has been selected in column A will be equal to the sum of all the component product costs that are calculated for the particular product in this column. The product costings are based on the purchase prices that are entered for all bought-in stock items and the bills of material (“recipes”) that are compiled for each manufactured product. Costing - view a detailed product costing for any manufactured product by selecting the appropriate stock code from the list box in cell A4. Here is what the template looks like: Download the Free Template. You can create multiple labour stock codes on the StockCode sheet if there are different labour rates for different staff members. The Excel Pricing Engine enables you to upload an Excel file that contains all pricing parameters and assign the file to a Product Profile or individual product. The BOM sheet also includes 22 columns with light blue column headings. You therefore have the option of entering 0.083333 as the input quantity or you can enter the formula "=1/12" in the input quantity column. Click to download the trial version (xlsm). Buy our full template package to get all 50+ templates for only. You need to make sure that your given price should cover all costs and profits. The columns with light blue column headings (columns B, C and D) contain formulas that are automatically copied for all new stock codes that are added to the Excel table. Input material, production and labour costs into the yellow cells of the worksheet- the template is put together to calculate the rest for you. Once-off pricing - no annual or monthly fees! The following user input is required in the columns with yellow column headings: Product Stock Code - the stock code of the manufactured product to which the stock component should be added needs to be selected from the list box in this column. Here is a preview of the markup calculator: Download the Free Template. The component quantities that should have been used in order to produce the specified manufactured stock item quantities are then automatically calculated (based on the product costings) and these quantities can then be compared to the actual component stock quantities that have been used in order to measure production efficiency and the accuracy of the input quantities and yields that have been included in the product costings. Note that only the intermediate product quantities that are included in the previous column will have an effect on the calculations in this column because bought-in items contain no components. All templates are set for printing and you must safe your precious time. We do however know that after the slicing process is completed, 5% of the onions that we purchased do not end up as sliced onions and is therefore lost before the start of the manufacturing process. Click to download a sample version of the template (xls). If a product is classified as a bought-in stock item, the product cost equals the purchase price that is specified in column D. If the product is classified as a manufactured product, the product cost is calculated based on the components that have been linked to the product on the BOM sheet and the appropriate purchase prices, input quantities and yields of the linked components. The Input basis refers to the component quantity that is introduced at the start of the manufacturing process, while the Output basis refers to the component quantity which remains after the manufacturing process has been completed. In our example, we have used a combination of four numbers and three letters for finished products and a combination of two letters and two numbers for bought-in and intermediate stock items. What-If Cost - the what-if purchase price should be entered in this column. The Costing sheet can therefore be used to view a detailed breakdown of all the cost components that are included in the product cost of any manufactured stock item. The product stock code should be repeated for all the components that are used in the manufacturing process. Product costings should also be reviewed regularly based on the results of the usage measurement exercise. This markup calculator shows you how to compute the markup amount and percentage given the selling price and cost of purchase. Use for Excel, OpenOffice, and Google Sheets. The quantity difference can be described as a yield loss. Product Description , Product UOM - these columns are included on the BOM sheet to enable users to view the description of the product codes that are selected in column A and to ensure that the correct unit of measure is used when entering component input quantities. The input quantities and yields of all the components that have been linked to the manufactured stock items on the BOM sheet are exactly the same. This Product Costs Template will help break down the Product Costs into the costs of Direct Material (DM), Direct Labor, and Manufacturing Overhead (MOH). It is therefore important to take the yield basis into account when determining the component input quantity that needs to be entered in column C. Example: If we use minced meat in the manufacturing of a beef burger, we have to decide on a yield basis before we can determine the appropriate input quantity that should be specified. Yields can be determined on an Input or an Output basis - the difference between the two bases is best explained by a definition and a few examples. A product costing should be compiled for all manufactured products by linking the manufactured product and its components on the BOM sheet. Product Pricing Calculator Guidelines free download and preview, download free printable template samples in PDF, Word and Excel formats Its product costs can include: For more resources, check out our business templates library to download numerous free Excel modeling, PowerPoint presentations, and Word document templates. Value Forecast - the value forecast is calculated by multiplying the quantity forecast by the stock purchase prices of the appropriate bought-in stock items in column D. Note: We recommend that you review all bought-in stock items on the StockCode sheet in order to ensure that no manufactured products are classified as bought-in stock items. This template enables users to compile product costings for all the manufactured products that are produced by a business. If an orange cell background is displayed in any cell in column I, the appropriate component needs to be deleted from the BOM sheet in order to correct the duplication. The appropriate labour pay rates or overhead allocation rates should be entered in the Purchase Price column on the StockCode sheet and the appropriate production times should be entered in the Input Quantity column on the BOM sheet. The gross profit amounts in column G and J are calculated by deducting the product cost or what-if cost from the appropriate selling price in column E. The gross profit percentages in columns H and K are calculated by dividing the gross profit amounts in column G and J by the appropriate selling price in column E. The what-if selling prices in column L are calculated by applying the gross profit percentages in column H to the what-if costs in column I and therefore calculate what the selling price should be in order to sustain the same level of profitability if the price fluctuations that are included in the what-if costs come into effect. The unit of measure of the onions component is kilogram and we therefore need to calculate the input quantity of this component based on how many slices are included in a kilogram of onions. These can be used for transactions, Join 350,600+ students who work for companies like Amazon, J.P. Morgan, and Ferrari, Certified Banking & Credit Analyst (CBCA)®, Capital Markets & Securities Analyst (CMSA)®, Financial Modeling and Valuation Analyst (FMVA)®, Financial Modeling & Valuation Analyst (FMVA)®. This means that even though all components do not need to be grouped together on the BOM sheet (by the product stock code), the order in which they are entered or sorted will determine the order in which they appear in the costing. Get 91% Discount When You Buy All 50+ Templates! Markup Price = (Sales Revenue – Cost of Goods Sold) / Number of Units Sold 2. The columns with light blue column headings contain formulas that are automatically copied for all new stock codes that are added to the Excel table. Excel templates to generate combinations of values from a single list or multiple lists. The number of units sold by the company is 1000. The Product Cost column therefore contains the product costs of all stock items. As far as accounting is concerned, the product costs of the sold products are captured in the income statement, while that of the unsold product is reflected in the inventory of finished goods. Free Product Pricing Calculator to Download. These columns contain formulas that are automatically copied for all the new components that are added to the Excel table on the BOM sheet. Very much appreciated. We have therefore implemented conditional formatting on the Costing sheet in order to highlight all duplicated components in orange in column I. If the yield that is entered in column D is based on an Input basis, the component quantity that is added at the beginning of the manufacturing process should be entered in column C. If however the yield is based on an Output basis, the component quantity that remains at the end of the manufacturing process should be entered in column C. This is because the input quantity is divided by the yield as part of the component cost calculation. The forecast quantities that are calculated on the BOM sheet are not really that important (only included on the BOM sheet for calculation purposes). This is exactly what I am looking for! Definition: The inherent nature of a manufacturing process may result in the component quantity at the end of the manufacturing process being less than the component quantity that is introduced at the start of the manufacturing process. The component what-if costs and the total what-if cost of the manufactured stock item are also compared to the appropriate product costs on the Costing sheet. Note: Columns A and B both contain list boxes that include all the stock codes that have been created on the StockCode sheet. If the component type is "Manufactured", it means that the component is an intermediate product which needs to be manufactured. If you base the forecast on inaccurate product costings it may result in the incorrect component quantities being ordered from suppliers or an inaccurate analysis of production inefficiencies. Refer to the Margins section of these instructions for guidance on how the profit margins are calculated on this sheet. The determination of product pricing is the responsibility of the Product Manager, but many departments in a firm will want to influence this process, particularly Sales and Finance. We may know that on average 500g of minced meat is required in order to produce a 400g burger at the end of the manufacturing process - the 500g is therefore the Input based quantity. Note that the product costing calculations incorporate an unlimited number of bill of material levels - the limit of 7 levels only applies to the Forecast calculations. If we use the Input basis in our product costing, an input quantity of 500g and yield of 100% should be entered (assuming that there is no meat yield loss prior to the start of the manufacturing process). We recommend that you start this cost comparison exercise by copying the purchase prices of all bought-in stock items from column D on the StockCode sheet to column E on the StockCode sheet. Purchase prices should be entered excluding sales tax if the sales tax amounts can be claimed back from the appropriate tax authorities. Product Pricing Calculator. Firstly you want to give your spreadsheet a title, just so it’s easily identifiable when opened. On the basis of the production cost per unit, the pricing of the final finished product can be determined. Thanks very much for your great products! I am looking for a template that allows me to calculate a selling price when i posess known cost factors such as: Cost of Product, Freight In, Handeling, Storage, Freight Out, Overhead %, Gross Profit Margin% It would be great of I could calculate several (up to 5) prices on one worksheet Enter the items, choose the number of items in each selection and see the combinations generated automatically. Template includes a detailed product cost review sheet, what-if cost calculations and quantity forecast calculations for requirements planning purposes. You are such a perfectionist! Alternatively, the product is deemed to be a bought-in product. The Level1 Forecast quantities are determined based on the components that are directly included in the finished goods bills of material. Level1 Forecast - the stock quantities of all bought-in and intermediate products that are required in order to produce the forecasted finished product quantities that have been entered on the Forecast sheet are calculated in this column. All the applicable labour stock codes then need to be added separately on the BOM sheet. Product Pricing Tiers Departmental Single User List Price The "units" are intended to show some kind of relative scale that drives your product segment: seats, transactions/second, GB, transformation mappings, etc The model can be extended to track add-on sales and cross-selling (upselling), but these are heavily dependent on the situation. 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