Error Code - the formulas in this column display an error code if there is a problem with the data that has been entered in any of the user input columns. We suggest that you compile a monthly forecast of all the appropriate costs, determine the average number of units that are produced on a monthly basis, calculate the overhead rate by dividing the forecasted monthly amount by the number of units, create a stock code for the appropriate type of direct overhead cost on the StockCode sheet, enter a UOM of "Units", enter the overhead rate as the purchase price, add the overhead stock code as a component on the BOM sheet for all the applicable products and enter an input quantity of 1 and a yield of 100% on the BOM sheet. The cost of a manufactured product is calculated based on the costs of all the components that have been linked to the product on the BOM sheet. For your ease, you can print out once your template is ready and when you need it from your printer. Stock Code - enter a unique stock code in accordance with the stock code convention that is suitable for your type of business. These columns contain formulas that are automatically copied for all the new components that are added to the Excel table on the BOM sheet. Aside from selecting the appropriate stock code, this sheet requires no user input. Product pricing is a critical step in business. Quantity Forecast - the formulas in this column calculate the stock quantities that are required in order to produce the finished goods quantities that are entered on the Forecast sheet. A comparison between the product costing and the what-if costing is also included on this sheet. Note: The selling prices that are entered in column E should be exclusive of sales tax if the business is registered for sales tax purposes. Page 1; Page 2 (4.1 based on 205 votes) < 1 / 2 > Download. Finance Template; Calculator Spreadsheet; Product Pricing Calculator; Product Pricing Calculator 1; Download Product Pricing Calculator 1 for Free . Bought-In Cost - the bought-in cost of components is calculated by multiplying the bought-in price of the component by the input quantity in column C and dividing the result by the yield in column D. We recommend sorting the BOM sheet by the product stock code in column A and the component stock code in column B in order to make it easier to find the duplicate entries. 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. The quantity difference can be described as a yield loss. This column forms part of the what-if costings which enable users to measure the sensitivity of product costings to component purchase price fluctuations. For more video tutorials, subscribe to my YouTube channel . In principle, we are calculating the input quantity based on the Input yield basis and the yield therefore needs to be entered as 100%. Use this 100% unique product cost template to compile product costings for an unlimited number of manufactured products. If the stock code that you selected is supposed to be a manufactured stock item, the fact that it is classified as a bought-in stock item means that no components have been linked to the stock item on the BOM sheet. We also need to take this yield loss into account in order to compile an accurate beef burger product costing. Note: The yield basis should also be taken into account when determining the appropriate component input quantity. Enter the items, choose the number of items in each selection and see the combinations generated automatically. Our free Excel Templates help you to customise them according to your requirements. Microsoft Excel – Excel will allow you to add the input and output labels and formulas for your calculator. Instead of entering the quantities of manufactured stock items that need to be produced, users enter the quantities of manufactured stock items that have actually been produced during the period under review. You can add a new stock component to the sheet by simply selecting the appropriate product code from the list box in the first empty cell in column A - the table will be extended automatically to include the new product code. You can add a new stock code to the sheet by simply entering the appropriate stock code in the first empty cell in column A - the table will be extended automatically to include the new stock code. These stock codes should be seen as cost centre codes instead of stock codes which are represented by physical stock on hand. 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. Pricing is a term used by firms when setting the selling price of their products. 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. Component Description , Component UOM - these columns are included to enable users to view the description of the component codes that are selected in column B and to ensure that the correct unit of measure is used when entering component input quantities. Here is a preview of the markup calculator: Download the Free Template. 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. Calculate job costs and compare actual to standard costs. Product Type - this column indicates whether the stock code relates to a stock item that is bought-in from a supplier or to a product that is manufactured. Nowadays product list making is no more a challenging job to do because of Excel Product list template.Internet is the best place to find a suitable product price list template for personal use and a free Excel Product list template is also offered here that any business or company can use to create product … Very much appreciated. Use these Free Templates or Examples to create the Perfect Professional Document or Project! If the component is a manufactured stock item, the bought-in what-if price will be nil and the component what-if cost will be based on the calculations in the intermediate columns. 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. Description - enter a description of the stock item. A 100% yield should be entered for all labour and overhead costs. The product costings that are produced by this template accommodate a maximum number of 30 components per manufactured product. Note: What-if costs have also been included in the margin analysis on the Margins sheet. * By submitting your email address, you consent to receive email messages (including discounts and newsletters) regarding Corporate Finance Institute and its products and services and other matters (including the products and services of Corporate Finance Institute's affiliates and other organizations). This column should therefore be blank if all user input has been entered correctly. If the component is a manufactured stock item, the bought-in price will be nil and the component cost will be based on the calculations in the intermediate columns. 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. The first step in customizing the template for your business is to create a unique stock code for each stock component and finished (manufactured) product on the StockCode sheet. 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