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Cost Assessment Techniques (Practical) [1]

Paper Code: 
JWT 403
Credits: 
8
Contact Hours: 
120.00
Max. Marks: 
100.00
Objective: 
  • To understand costing process of  jewellery design
  •  To impart in-depth knowledge of manual & computerized cost estimation of  jewellery
  1. Costing and Pricing Strategies, Objectives & Pricing formula : 10 Hrs.          
  • Costing  of a  Jewellery Piece
  •  Wastage
  •  Labour Cost 
  • Determination of Profit
  • Selling Prices
  • Jewellery Purchasing
  • Cost of inputs

 

  1. Cost-Based Designing:                                                                            20 hrs
    • 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

 

  1. Costing in MS Excel                                                                                      5hrs
  • 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 [2] - by Dan Ramsey
  2. Gold & Platinum Jewelry Buying Guide by Renee Newman [3]
Academic Year: 
2018-2019 [4]

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Source URL: https://www.jewellery.iisuniv.ac.in/courses/subjects/cost-assessment-techniques-practical

Links:
[1] https://www.jewellery.iisuniv.ac.in/courses/subjects/cost-assessment-techniques-practical
[2] http://www.amazon.com/exec/obidos/ASIN/1558704353/jewlerymall
[3] http://www.amazon.com/exec/obidos/search-handle-url/ref=ntt_athr_dp_sr_1?%5Fencoding=UTF8&search-type=ss&index=books&field-author=Renee%20Newman
[4] https://www.jewellery.iisuniv.ac.in/academic-year/2018-2019