Get Microsoft Powerpoint - Product Costing Pricing Training Moduleppt Compatibility Mode

This guide provides clear and supportive instructions for filling out the Microsoft PowerPoint - PRODUCT COSTING PRICING TRAINING MODULEppt Compatibility Mode. By following the steps outlined, users can successfully navigate the form and better understand the crucial elements of product costing and pricing.

Follow the steps to effectively complete the form.

1. Press the ‘Get Form’ button to retrieve the form and open it for editing.
2. Begin by reviewing the introduction section, which provides vital information about costing and pricing concepts that you will apply in the subsequent sections. Familiarize yourself with definitions and the purpose of accurate costing and pricing.
3. Move to the section labeled 'Costing and Pricing Your Product.' Carefully follow the outlined steps to determine the cost of producing your product, including materials, labor, and overhead.
4. Fill in details under 'Materials,' listing all raw materials needed for production. Ensure you include each component's cost along with transportation expenses.
5. Proceed to include labor details by calculating labor costs. Use the exercise provided to determine your desired hourly wage based on your total monthly expenses.
6. Include overhead costs based on your business's indirect expenses, utilizing the given example for clarification.
7. Once direct and indirect costs are calculated, add them together to calculate the total product cost.
8. Determine distribution costs by considering expenses involved in getting your product to end customers. Review the implications for both the export and local markets.
9. Conduct market research to determine competitive pricing for your product, comparing your calculated price with those of similar products.
10. Finally, balance your product pricing with market rates, adjusting as necessary based on your findings. Save your changes, download, print, or share the completed form as needed.

Start filling out the form online to enhance your understanding of product costing and pricing.