How to Calculate Minute Cost of Sewing Line in Apparel Sector?
How to Calculate Minute Cost of Sewing Line in Apparel Industry?
Minute cost calculation for the garments sewing line is too much needy to earn maximum profit from an export order. But it is not an easy task that we have normally seemed. An industrial engineer has to do this task by maintaining various terms and conditions. As its importance in readymade garments sector today I will present here two easy methods for calculating minute cost for the sewing line.
Method for Calculating Cost Per Minute of Sewing Line in Garments Industry:
An industrial engineer can easily calculate cost per minute of sewing lines in apparel industry by following the two different formulas. Those are in the below:
1. Cost per minute of sewing line,
2. Cost per minute of sewing line,
Now, two examples are enough to clear all the confusions from the above discussion.
Example for the formula number-01:
Suppose, in Nishat garments ltd. total salary of sewing lines for one day is 10000taka, no. of manpower’s for 20 machines is 30 and line efficiency is 50%, then calculate cost per minute in 8 working hours of each sewing lines for that garments.
Total salary of sewing lines for one day = 10000 taka,
Total no. of manpower’s = 30,
Total working hours = 8,
Line efficiency= 50% = 0.5
Cost per minute of sewing lines,
= 1.39 taka
So, cost per minute for each sewing lines of nishat garments is 1.39 taka.
Example for the formula number-02:
Suppose, in Abonty fashion ltd. actual salary per day of all the operators and helpers is 15000, total garments produced per day is 400, where standard allowed minutes (SAM) for the garments is 20. Then calculate cost per minute of each sewing lines for that garments.
Actual salary per day of all the operators and helpers = 15000,
Total no. of garments produced = 400,
Standard Allowed Minutes (SAM) for the garments = 20
Cost per minute of sewings line,
= 1.875 taka
So, Cost per minute of sewing lines is 1.875 taka.
You may also like: How to Calculate Cost Per Minute (CPM) of Sewing Lines
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