Costing Sample

Excel Skills | Product Costing Template
About this template

This template enables users to compile product costings for all the manufactured products that are produced by a business. 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. The template includes a detailed product cost review sheet, what-if cost calculations for cost analysis purposes and uantity forecast
calculations that can be used for reuirements planning or stock usage measurement. The uniue design of this template enables users to create an
integrated costing model for all manufactured products.
About our unique templates
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"#cel skills in order to use our templates - all our templates only reuire basic user input and include comprehensive step by step instructions.
About this sample file
This "#cel document is only a sample of the product costing template. 'e(ve created this sample to enable customers to view the layout and features
of this template. %ou will therefore not be able to use this version of the template - the full version of the template can only be downloaded after buying
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2age / of 34
Instructions
The following sheets are included in the template5
Stock Codes
###$excel%skills$com
This template enables users to compile product costings for all the manufactured products that are produced by a business.
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. The template includes a detailed product cost review sheet,
what-if cost calculations for cost analysis purposes and uantity forecast calculations that can be used for reuirements
planning or stock usage measurement. The uniue design of this template enables users to create an integrated costing
model for all manufactured products.
StockCode - create uniue stock codes for all bought-in and manufactured products on this sheet. The product costs and
what-if costs of all stock items are calculated based on the purchase prices of bought-in products that are entered on this
sheet and the bills of material that are linked to the manufactured products on the 6!$ sheet. The forecast uantities are
calculated based on the finished product uantities that are entered on the 7orecast sheet.
O& - link each manufactured product to the appropriate stock components on this sheet. +ll the product costings of
manufactured products are calculated based on the components that have been linked to the appropriate product code on
this sheet.
Costing - view a detailed product costing for any manufactured product by selecting the appropriate stock code from the list
bo# in cell +,. + comparison between the product costing and the what-if costing is also included on this sheet. +side from
selecting the appropriate stock code, this sheet reuires no user input.
'orecast - enter the finished goods uantities that should be used in order to calculate a reuirements planning forecast.
The calculations on this sheet can be used for reuirements planning or stock usage measurement purposes. The bought-in
stock uantity forecast that is calculated is included on the )tock8ode sheet.
&argins - this sheet includes a comprehensive analysis of selling prices, product costs, what-if costs and gross profit
amounts and percentages.
The first step in customi9ing the template for your business is to create a uniue stock code for each stock component and
finished (manufactured) product on the )tock8ode sheet. )tock components can only be linked to a manufactured product if
a stock code has been created for the appropriate stock item.
+ stock code convention that makes sense in the conte#t of your business should be used and the stock code convention
should make it easy to identify stock items based on the stock code that is assigned to each stock item. The template can
accommodate any stock code convention but we suggest using a combination of letters and numbers. :n our e#ample, 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.
Note: The two letters that are used in the bought-in and intermediate products assists users in identifying the type of stock -
for example, RM refers to raw materials, ! refers to labour and "# refers to intermediate products$ Note that e%en 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 same principle can be applied in order to include other direct costs like o%erheads or e%en distribution
costs in the product costings$
!nce you have decided on a stock code convention, you can create a uniue stock code for each stock item that should be
included in the product costings. The )tock8ode sheet includes the following columns5
Stock Code - enter a uniue stock code in accordance with the stock code convention that is suitable for your type of
business.
(escription - enter a description of the stock item. This description should enable users to easily distinguish between stock
items.
)O& - the unit of measure (;!$) refers to the stock measurement that is used when ordering, manufacturing and counting
stock. <ote that stock components are also included in the product costings based on this unit of measure. &or example, if
the recipe of a manufactured product stipulates that a specified 'uantity in kilogram of a raw material stock component
should be added during manufacturing, it will be easier to cost the product based on a unit of measure of kilogram e%en
though the raw material component may be ordered from a supplier in bags$ &or the purpose of this template, recipe (and
therefore costing) units of measure carry more weight than the units of measure that is used by suppliers$
Purchase Price - the most important aspect of the purchase price is that it should be in the same unit of measure as the unit
of measure that is specified in the ;!$ column. :f a stock component is ordered from a supplier in another unit of measure,
the purchase price should be converted to the unit of measure that is specified in the ;!$ column. 2urchase prices should
be entered e#cluding sales ta# if the sales ta# amounts can be claimed back from the appropriate ta# authorities.
On this sheet:
This sheet includes detailed instructions
on setting up and using this template$
On this sheet:
This is the only
protected sheet in the
full version of the
template!
2age , of 34
Instructions
On this sheet:
On this sheet:
ills of &aterial
*hat%+f Cost - the what-if purchase price should be entered in this column. This column forms part of the what-if costings
which enable users to measure the sensitivity of product costings to component purchase price fluctuations. =efer to the
'hat-:f 8osts section of these instructions for more information on the what-if cost analysis feature.
Note: *ll the columns on the "tock+ode sheet with a yellow column heading re'uire user input$ The columns with a light blue
column heading contain formulas that should be copied from one of the existing rows for all new stock codes that are added
to the sheet$
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. This column should therefore be blank if all user input has been entered correctly. :f any error
codes are reflected in this column, the errors should be investigated and rectified in order to ensure that all template
calculations remain accurate. =efer to the "rror 8odes section of these instructions for guidance on how to correct the
appropriate user input errors.
Product T!pe - 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. + product costing should be compiled for all manufactured products by linking the
manufactured product and its components on the 6!$ sheet. The formula that has been entered in this column therefore
checks whether the stock code is included in column + on the 6!$ sheet and if so, identifies the product as a manufactured
product. +lternatively, the product is deemed to be a bought-in product.
Product Cost - this column contains the product cost of each stock code. :f a product is classified as a bought-in stock item,
the product cost euals the purchase price that is specified in column >. :f 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 6!$ sheet and
the appropriate purchase prices, input uantities and yields of the linked components. The 2roduct 8ost column therefore
contains the product costs of all stock items.
*hat%+f Cost - this column contains the what-if costs of each stock code. The what-if costs are calculated on the same basis
as the product costs, but the what-if costs in column " are used instead of the purchase prices in column > for all stock
components. The input uantities and yields of all the components that have been linked to the manufactured stock items on
the 6!$ sheet are e#actly the same. =efer to the 'hat-:f 8osts section of the instructions for more information on the
calculation of what-if costs.
,uantit! 'orecast - the formulas in this column calculate the stock uantities that are reuired in order to produce the
finished goods uantities that are entered on the 7orecast sheet. =efer to the ?uantity 7orecast section of these instructions
for guidance on how the forecast uantities are calculated.
-alue 'orecast - the value forecast is calculated by multiplying the uantity forecast by the stock purchase prices of the
appropriate bought-in stock items in column >.
*hat%if -alue 'orecast - the what-if value forecast is calculated by multiplying the uantity forecast by the what-if stock
purchase prices of the appropriate bought-in stock items in column ".
Note: ,urchase prices (in column #) and what-if prices (in column -) should not be entered for manufactured products
because the product costings of these stock items are determined based on the purchase prices and what-if prices of the
components that ha%e been linked to the manufactured products$ If you enter a purchase price or what-if price for a
manufactured stock item, the input will ha%e no effect on the costs that are calculated$
Note: .e recommend that you re%iew all bought-in stock items on the "tock+ode sheet in order to ensure that no
manufactured products are classified as bought-in stock items$ If a manufactured product is incorrectly classified as a
bought-in product, it means that no components ha%e been linked to the appropriate product on the !/M sheet$ /nce you
add the appropriate components to the !/M sheet, the stock code will be automatically be classified as a manufactured
product$
Note: *ll the stock codes that are created on the "tock+ode sheet should form part of a continuous cell range otherwise all
the template calculations may not be accurate$ No blank rows should therefore be included between any of the rows that
contain a stock code$
The purpose of the 6!$ sheet is to create a link between stock components and manufactured products. This is
accomplished by entering the appropriate stock code of the manufactured product in column + and entering the stock code
of the appropriate component in column 6. $ultiple stock components can be added to a single manufactured product in
order to create a product costing which consists of multiple stock components.
2age 1 of 34
Instructions
On this sheet:
On this sheet:
The following user input is reuired in the columns with yellow column headings5
Note: +olumns * and ! both contain list boxes that include all the stock codes that ha%e been created on the "tock+ode
sheet$ 0ou therefore need to create a stock code for each manufactured or component product before you will be able to
select the appropriate stock code from the list boxes in these columns$
Note: *ll the columns on the !/M sheet with a yellow column heading re'uire user input$ The columns with a light blue
column heading contain formulas that should be copied from one of the existing rows for all the components that are entered
on this sheet$
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 bo# in this column. The list bo# includes all the stock codes that have been created on the
)tock8ode sheet. The product stock code should be repeated for all the components that are used in the manufacturing
process. &or example, if 12 components are re'uired in order to produce a particular manufactured product, you need to add
12 different component stock codes in column ! in 12 separate rows and repeat the product stock code in column * in each
of these rows$ *ll 12 component stock codes will then be linked to the same manufactured product and will be included in the
same product costing$
Note: +omponents are listed on the product costing in the same order in which they appear on the !/M sheet$ This means
that e%en though all components do not need to be grouped together on the !/M 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$ .e therefore
recommend that you always sort the data on the !/M sheet by the product code in column * and the component code in
column ! after making changes to the !/M sheet$ !y sorting the data, the components will always be listed on the product
costings in a consistent order$
Component Stock Code % a component stock code needs to be selected from the list bo# in column 6 for each component
that is used in manufacturing the product which has been selected in column +. The product costings that are produced by
this template accommodate a ma#imum number of /- components per manufactured product. 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 6!$ sheet.
Note: * %ery efficient method of adding components to a manufactured product is by copying the components from a similar
product, selecting the appropriate new product code from the list box in column * and editing the input 'uantities and yields
of all the components$ This method will howe%er only be efficient if components ha%e pre%iously been added to a similar
manufactured product on the !/M sheet$
+nput ,uantit! % the input uantity of the stock component that is used in the manufacturing process should be entered in
column 8. This uantity should be entered in the same unit of measure that is specified for the particular stock code on the
)tock8ode sheet (the component ;!$ is listed in column :).
Note: The unit of measure (3/M) of the manufactured product is listed in column 4$ If the unit of measure of the
manufactured product is 53nits5, the input 'uantity of the component should be sufficient in order to produce 1 unit of the
manufactured product but if the unit of measure of the manufactured product is for example 5#o6en5, the input 'uantity that is
entered should be sufficient in order to produce 17 units of the manufactured product$
Note: The yield basis should also be taken into account when determining the appropriate component input 'uantity$ If the
yield that is entered in column # is based on an Input basis, the component 'uantity that is added at the beginning of the
manufacturing process should be entered in column +$ If howe%er the yield is based on an /utput basis, the component
'uantity that remains at the end of the manufacturing process should be entered in column +$ This is because the input
'uantity is di%ided by the yield as part of the component cost calculation$
Note: 0ou may also want to consider entering a calculation in the input 'uantity column because this approach may make it
easier to determine how the input 'uantity has been calculated (if a calculation has been necessary)$ &or example: if the
component unit of measure is do6en and only one unit is used in the manufactured product, the component 'uantity is
calculated by di%iding 1 do6en by twel%e$ 0ou therefore ha%e the option of entering 2$289999 as the input 'uantity or you can
enter the formula 5:1;175 in the input 'uantity column$
2age 0 of 34
Instructions
On this sheet:
On this sheet:
.ield % the component yield should be entered in column > as a percentage. The input uantity that is entered in column 8 is
divided by the yield in column > in order to determine the component uantity that is reuired in order to produce the
manufactured product. %ields can be determined on an :nput or an !utput basis - the difference between the two bases is
best e#plained by a definition and a few e#amples.
#efinition: The inherent nature of a manufacturing process may result in the component uantity at the end of the
manufacturing process being less than the component uantity that is introduced at the start of the manufacturing process.
The uantity difference can be described as a yield loss. The :nput basis refers to the component uantity that is introduced
at the start of the manufacturing process, while the !utput basis refers to the component uantity which remains after the
manufacturing process has been completed.
Note: If there is a significant yield loss during the manufacturing process and the incorrect yield basis is used to determine
the yield that is entered in column #, the product costing of the manufactured product may be inaccurate$ *s we<%e
mentioned before, the yield basis also affects the input 'uantity that needs to be entered$ It is therefore important to take the
yield basis into account when determining the component input 'uantity that needs to be entered in column +$
-xample: If we use minced meat in the manufacturing of a beef burger, we ha%e to decide on a yield basis before we can
determine the appropriate input 'uantity that should be specified$ If our aim is to produce a =22g burger at the end of the
manufacturing process, the 'uantity is based on the output after manufacturing$ .e may know that on a%erage >22g of
minced meat is re'uired in order to produce a =22g burger at the end of the manufacturing process - the >22g is therefore
the Input based 'uantity$ The manufacturing yield can therefore be calculated as =22g di%ided by >22g which is 82?$ If we
include a yield of 82? in the product costing, we need to include the output weight (=22g) as the input 'uantity in the costing$
The meat component cost is therefore calculated by di%iding the =22g by 82? thereby effecti%ely including >22g of meat in
our beef burger product costing$ If we use the Input basis in our product costing, an input 'uantity of >22g and yield of 122?
should be entered (assuming that there is no meat yield loss prior to the start of the manufacturing process)$
-xample: /ur example beef burger includes one slice of onions$ .ith this component, we are not really concerned about the
output weight because we ha%e already decided that only one slice of onions will be included on our beef burger$ The unit of
measure of the onions component is kilogram and we therefore need to calculate the input 'uantity of this component based
on how many slices are included in a kilogram of onions$ The 'uantity that represents one slice then needs to be entered in
the Input @uantity column$ In principle, we are calculating the input 'uantity based on the Input yield basis and the yield
therefore needs to be entered as 122?$ .e do howe%er know that after the slicing process is completed, >? of the onions
that we purchased do not end up as sliced onions and is therefore lost before the start of the manufacturing process$ .e
also need to take this yield loss into account in order to compile an accurate beef burger product costing$ * yield of A>? is
therefore entered e%en though we used the Input basis in determining the appropriate component input 'uantity$
The 6!$ sheet also includes 33 columns with light blue column headings. These columns contain formulas that should be
copied for all the new components that are added to the 6!$ sheet. The purpose of each of these columns is as follows5
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. This column should therefore be blank if all user input has been entered correctly. :f any error
codes are reflected in this column, the errors should be investigated and rectified in order to ensure that all template
calculations remain accurate. =efer to the "rror 8odes section of these instructions for guidance on how to correct the
appropriate user input errors.
Product (escription / Product )O& % these columns are included on the 6!$ sheet to enable users to view the
description of the product codes that are selected in column + and to ensure that the correct unit of measure is used when
entering component input uantities.
Component (escription / Component )O& % these columns are included to enable users to view the description of the
component codes that are selected in column 6 and to ensure that the correct unit of measure is used when entering
component input uantities.
Component T!pe - this column reflects the type of component that has been selected in column 6. :f the component type is
@6ought-in@, it means that the component is purchased from a supplier. :f the component type is @$anufactured@, it means
that the component is an intermediate product which needs to be manufactured.
ought%+n Price - if the component is a bought-in stock item, the purchase price of the component that is entered on the
)tock8ode sheet will be included in this column. :f the component is a manufactured stock item, the bought-in price will be nil
and the component cost will be based on the calculations in the intermediate columns.
2age A of 34
Instructions
On this sheet:
On this sheet:
ought%+n Cost - the bought-in cost of components is calculated by multiplying the bought-in price of the component by the
input uantity in column 8 and dividing the result by the yield in column >.
+ntermed Comp Cost - if the component that is selected in column 6 is a manufactured product, the component cost in this
column is determined based on the product cost of the intermediate product which is calculated in column !. <ote that the
component cost is calculated as the sum of all the product costs of components that are linked to the intermediate product
on the 6!$ sheet. :f the component is a bought-in product, the intermediate component cost of the product will be nil.
+ntermed Prod Cost - the intermediate product costs of components are calculated by multiplying the intermediate
component cost of the component by the input uantity in column 8 and dividing the result by the yield in column >.
Product Cost - if the component is a bought-in product, the component product cost will be eual to the component bought-
in cost. :f the component is an intermediate product, the component cost will be eual to the intermediate product cost. <ote
that the product cost of the manufactured product that has been selected in column + will be eual to the sum of all the
component product costs that are calculated for the particular product in this column.
ought%+n *+ Price - if the component is a bought-in stock item, the what-if price of the component that is entered on the
)tock8ode sheet will be included in this column. :f 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.
ought%+n *+ Cost - the bought-in what-if cost of components is calculated by multiplying the bought-in what-if price of the
component by the input uantity in column 8 and dividing the result by the yield in column >.
*+ +0& Comp Cost - if the component that is selected in column 6 is a manufactured product, the what-if intermediate
component cost in this column is determined based on the what-if cost of the intermediate product which is calculated in
column T. <ote that the what-if component cost is calculated as the sum of all the what-if costs of components that are linked
to the intermediate product on the 6!$ sheet. :f the component is a bought-in product, the what-if intermediate component
cost of the product will be nil.
*+ +0& Prod Cost - the what-if intermediate product costs of components are calculated by multiplying the what-if
intermediate component cost of the component by the input uantity in column 8 and dividing the result by the yield in
column >.
*hat%+f Cost - if the component is a bought-in product, the component what-if cost will be eual to the component bought-in
what-if cost. :f the component is an intermediate product, the component cost will be eual to the intermediate what-if cost.
<ote that the what-if cost of the manufactured product that has been selected in column + will eual the sum of all the
component what-if costs that are calculated for the particular product in this column.
1e2el3 'orecast - the stock uantities of all bought-in and intermediate products that are reuired in order to produce the
forecasted finished product uantities that have been entered on the 7orecast sheet are calculated in this column. <ote that
only the components that are directly included in the finished product bills of material will reflect uantities in this column.
Bevel4 7orecast uantities that have been calculated in the previous column will be included in this column. <ote that only
the intermediate product uantities that are included in the previous column will have an effect on the calculations in this
column because bought-in items contain no components.
Bevel/ 7orecast uantities that have been calculated in the previous column will be included in this column. <ote that only
Bevel, 7orecast uantities that have been calculated in the previous column will be included in this column. <ote that only
2age C of 34
Instructions
On this sheet:
On this sheet:
abour B #irect /%erheads
Cost "e2ie#
Note: *ll the components that are added to the !/M sheet should form part of a continuous cell range$ There should
therefore be no blank rows between entries otherwise all the components that are listed on this sheet may not be included in
the template calculations$ The !/M sheet should be used to create and maintain the links between manufactured products
and their components - the +osting sheet should be used in order to re%iew indi%idual product costings$
7or 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. These stock codes should be seen as cost centre codes
instead of stock codes which are represented by physical stock on hand.
The appropriate labour pay rates or overhead allocation rates should be entered in the 2urchase 2rice column on the
)tock8ode sheet and the appropriate production times should be entered in the :nput ?uantity column on the 6!$ sheet. +
4--D yield should be entered for all labour and overhead costs.
-xample: * beef burger is manufactured in a kitchen that consists of 9 staff members$ The labour rate is C12$22 per hour and
a total of =22 beef burgers are produced during a shift of 8 hours$ In order to add the labour component to the beef burger
product costing, we need to create a stock code for labour on the "tock+ode sheet (in our example data, all labour related
stock codes start with an 5!5), enter a 3/M of hours for the stock code, enter the C12 per hour as the purchase price of the
stock code, add the labour component code to the beef burger bill of material on the !/M sheet, calculate the production
time (9 staff members multiplied by 8 hours in a shift and di%ided by the =22 beef burgers that are produced), enter the
production time as the input 'uantity of the labour component on the !/M sheet and enter a yield of 122? on the !/M
sheet$
%ou can create multiple labour stock codes on the )tock8ode sheet if there are different labour rates for different staff
members. +ll the applicable labour stock codes then need to be added separately on the 6!$ sheet. +dditional stock codes
do not need to be created if only the production time (input uantity) differs between products because different production
times can be accommodated by entering different input uantities for each product on the 6!$ sheet. :t is only when the
labour pay rates differ that separate stock codes are reuired.
-xample: #irect o%erheads or distribution costs can also be added to the product costings by creating a stock code for each
type of o%erhead$ .e suggest that you compile a monthly forecast of all the appropriate costs, determine the a%erage
number of units that are produced on a monthly basis, calculate the o%erhead rate by di%iding the forecasted monthly amount
by the number of units, create a stock code for the appropriate type of direct o%erhead cost on the "tock+ode sheet, enter a
3/M of 53nits5, enter the o%erhead rate as the purchase price, add the o%erhead stock code as a component on the !/M
sheet for all the applicable products and enter an input 'uantity of 1 and a yield of 122? on the !/M sheet$
The 8osting sheet can be used to review individual product costings. +ll the calculations on this sheet are automated and the
only user input that is reuired is selecting the appropriate stock code of the manufactured stock item from the list bo# in cell
+,.
The 8osting sheet is compiled from the data that is entered on the )tock8ode and 6!$ sheets. The component product
costs and what-if costs are calculated in column ! and T on the 6!$ sheet based on the purchase prices and what-if prices
that are entered in column > and " on the )tock8ode sheet. The components that are included in the product costing are
based on the components that have been linked to the manufactured product on the 6!$ sheet and the component input
uantities and yields are also entered on the 6!$ sheet.
The 8osting sheet also includes calculations of the total product cost of the manufactured product (cell E,), the total what-if
cost of the manufactured product (cell F,), the cost variance between the total product cost and the total what-if cost (cell
G,), the product cost of each component (column E), the what-if cost of each component (column F), the component cost
percentage in relation to the total product cost of the manufactured product (column :) and the difference between the
product costs and what-if costs of each component (column G). =efer to the 'hat-:f 8osts section of these instructions for
more guidance on the what-if cost calculations.
2age H of 34
Instructions
On this sheet:
On this sheet:
*hat%+f Costs
Note: The +osting sheet can accommodate a maximum number of 92 components per manufactured product$ If you
therefore link more than 92 components to a manufactured product on the !/M sheet, all the components will not be
included on the product costing and the costing will therefore not be accurate$
Note: The total product cost in cell D= on the +osting sheet is the same as the product cost of the manufactured stock item
that is included in column D on the "tock+ode sheet$ The +osting sheet can therefore be used to %iew a detailed breakdown
of all the cost components that are included in the product cost of any manufactured stock item$
Note: !ought-in stock items are purchased from suppliers and should therefore not contain any components$ *s we<%e
mentioned before, all stock items that are not linked to components on the !/M sheet are classified as bought-in stock
items$ If you select a bought-in stock item from the list box in cell *=, no stock components or costs are therefore listed on
the +osting sheet and the stock type in cell += is highlighted in orange$ 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 ha%e been linked
to the stock item on the !/M sheet$
Note: If you duplicate a stock component that is already linked to a particular manufactured product on the !/M sheet, the
stock component will be also be duplicated on the product costing and result in an inaccurate product cost calculation$ .e
ha%e therefore implemented conditional formatting on the +osting sheet in order to highlight all duplicated components in
orange in column I$ If an orange cell background is displayed in any cell in column I, the appropriate component needs to be
deleted from the !/M sheet in order to correct the duplication$ .e recommend sorting the !/M sheet by the product stock
code in column * and the component stock code in column ! in order to make it easier to find the duplicate entries$
The what-if cost features have been added to the template to enable users to measure the effect that component price
fluctuations have on the product costings of manufactured stock items. The component purchase prices that need to be
analysed should be entered in column " on the )tock8ode sheet. +ll other what-if cost calculations are updated
automatically.
Note: .hat-if costs should only be entered for bought-in stock items (items that are purchased from suppliers)$ If you enter a
what-if cost for a manufactured stock item, the cost will ha%e no effect on the template calculations$
The what-if costs are calculated and included in the what-if costings based on the what-if purchase price that is specified in
column " on the )tock8ode sheet and the component input uantities and yields that are specified on the 6!$ sheet (the
same input uantities and yields that are used in the product costings). The what-if component costs are calculated in
column T on the 6!$ sheet, included in column F on the 8osting sheet and the total what-if cost of the manufactured
product that is selected from the list bo# in cell +, on the 8osting sheet is calculated in cell F,. 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 8osting
sheet.
+s we mentioned before, the what-if cost features can be used to analyse the effect that component price fluctuations have
on product costings. 'e recommend that you start this cost comparison e#ercise by copying the purchase prices of all
bought-in stock items from column > on the )tock8ode sheet to column " on the )tock8ode sheet. The prices in column "
(the what-if cost column) can then be amended to the what-if purchase prices that you want to analyse. The same procedure
should be followed regardless of whether you want to analyse the effect of a price fluctuation in a single stock component or
all stock components.
+ll the what-if cost calculations in the template are automatically updated and you can view a comparison of all manufactured
stock items on the )tock8ode 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 bo# in cell +, on the 8osting sheet.
Note: .hat-if costs ha%e also been included in the margin analysis on the Margins sheet$ Refer to the Margins section of
these instructions for guidance on how the profit margins are calculated on this sheet$
2age 4- of 34
Instructions
On this sheet:
On this sheet:
,uantit! 'orecast
Note: If you want to analyse the effect that changes in component input 'uantities and yields ha%e on the product costings,
you will ha%e to sa%e this template under a different file name, edit the component input 'uantities and yields on the !/M
sheet of the new workbook and then compare the product costs of the manufactured stock items on the "tock+ode sheets of
both workbooks$ .e also recommend adding a calculation on one of the "tock+ode sheets that looks up the %alues in the
other workbook based on the stock codes in column * - this will enable you to compare the product costings in the two
workbooks on the same sheet$
The ?uantity 7orecast features that have been added to the template enable users to enter forecast uantities for all the
appropriate manufactured stock items on the 7orecast sheet in order to calculate the stock component uantities that are
reuired in order to produce the specified uantities of manufactured products. These calculations are e#tremely useful for
reuirements planning or stock usage measurement purposes.
Note: Re'uirements planning refers to the process of calculating the 'uantities of manufactured stock items that need to be
produced (usually based on sales forecasts) and then calculating the component 'uantities that will be re'uired in order to
produce the manufactured products$ /rders are then placed with the component stock suppliers based on the 'uantity
re'uirements that ha%e been calculated$
Note: +omponent stock usage can be measured in much the same way$ Instead of entering the 'uantities of manufactured
stock items that need to be produced, users enter the 'uantities of manufactured stock items that ha%e actually been
produced during the period under re%iew$ The component 'uantities that should ha%e been used in order to produce the
specified manufactured stock item 'uantities are then automatically calculated (based on the product costings) and these
'uantities can then be compared to the actual component stock 'uantities that ha%e been used in order to measure
production efficiency and the accuracy of the input 'uantities and yields that ha%e been included in the product costings$
?uantity forecasts can be compiled by simply specifying the stock codes of the appropriate manufactured stock items in
column + on the 7orecast sheet, copying the formulas in columns 6 (stock description), column 8 (stock unit of measure)
and column > (input error codes) for all the rows that contain a stock code in column + and then entering the uantities of
each manufactured stock item on which the forecast should be based in column ".
Note: *ll the finished goods stock codes that are added to the &orecast sheet should form part of a continuous cell range$
There should therefore be no blank rows between stock codes otherwise all the components that are listed on this sheet may
not be included in the template calculations$
Note: .e also recommend entering the forecast date in cell 47 before printing the sheet in order to keep a record of the
manufactured product 'uantities that ha%e been used in all 'uantity forecasts because once you replace the 'uantities on
this sheet with new forecast 'uantities, there will be no record of the forecast 'uantities on which the pre%ious forecast has
been based$
Note: !efore using the &orecast feature, you should ensure that all your product costings are accurate$ If you base the
forecast on inaccurate product costings it may result in the incorrect component 'uantities being ordered from suppliers or an
inaccurate analysis of production inefficiencies$
The uantity forecast is calculated by applying the finished goods stock item uantities that are specified on the 7orecast
sheet to the appropriate components that are entered on the 6!$ sheet for the particular manufactured stock items. This
calculation is based on the appropriate component input uantity, yield and unit of measure and is included in columns ; to I
on the 6!$ sheet.
The Bevel4 7orecast uantities are determined based on the components that are directly included in the finished goods bills
of material. The Bevel3 7orecast uantities are based on the Bevel4 7orecast calculations, the Bevel/ 7orecast uantities are
based on the Bevel3 7orecast uantities and so forth.
Note: The &orecast calculations that ha%e been included in this template therefore incorporate E le%els of bills of material$ If
you need to include more than E le%els of bills of material, contact our "upport function in order to re'uest a customi6ed
%ersion of this template and specify the number of le%els that you need to include in your product costings$ Note that the
product costing calculations incorporate an unlimited number of bill of material le%els - the limit of E le%els only applies to the
&orecast calculations$
2age 44 of 34
Instructions
On this sheet:
On this sheet:
&argins
Error Codes
The forecast uantities that are calculated on the 6!$ sheet are not really that important (only included on the 6!$ sheet
for calculation purposes). The uantities that are included in column F on the )tock8ode sheet are a lot more important
because they represent the total component uantities that are reuired in order to produce the finished goods stock
uantities that are entered on the 7orecast sheet.
Note: The forecast 'uantities on the "tock +ode sheet include both the bought-in and intermediate 'uantity forecasts e%en
though the intermediate products are not ordered from suppliers but manufactured in house$ .e ha%e included the 'uantities
for both of these component types because it may be useful to be able to determine the 'uantities of intermediate
components that need to be produced in order to manufacture the specified 'uantities of finished good products (as per the
&orecast sheet)$
Note: .e highly recommend using the @uantity &orecast features to measure actual stock component usage against the
calculated component 'uantities because this process will highlight discrepancies between the component 'uantities that are
included in product costings and the component 'uantities that are actually being used during the production of
manufactured products$ ,roduct costings should also be re%iewed regularly based on the results of the usage measurement
exercise$ Remember that the @uantity &orecast calculations in this template can only be as accurate as the component input
'uantities and yields that are included in the product costings$
The $argins sheet enables users to calculate the gross profit margins of all manufactured stock items based on the product
costings and what-if costings. The only user input that is reuired is selecting, entering or copying the appropriate stock code
of the finished goods stock item into column + and entering the appropriate selling price in column ". +ll the other columns
(with a light blue column heading) contain formulas that should be copied for all the rows that contain a stock code in column
+.
Note: The selling prices that are entered in column - should be exclusi%e of sales tax if the business is registered for sales
tax purposes$
The product cost in column 7 and the what-if cost in column : are the same as the product cost and what-if cost for the
particular manufactured stock item as calculated on the )tock8ode sheet. The gross profit amounts in column J and F are
calculated by deducting the product cost or what-if cost from the appropriate selling price in column ". The gross profit
percentages in columns E and G are calculated by dividing the gross profit amounts in column J and F by the appropriate
selling price in column ".
The what-if selling prices in column B are calculated by applying the gross profit percentages in column E to the what-if costs
in column : 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 selling price increases in column $ indicate the
percentage variance between the what-if selling prices in column B and the selling prices that are entered in column ".
The following error codes may result from inaccurate user input on the )tock8ode, 6!$, 7orecast and $argins sheets and
will be displayed in the "rror 8ode columns. The heading of the affected input column will also be highlighted in orange5
F -1 - this error code means that a duplicated stock code has been entered in the appropriate row$ The error can be
corrected by simply deleting one of the duplicated entries$
F -7 - this error code means that the purchase price input in column # on the "tock +ode sheet is incorrect$ * purchase
price should be entered for all bought-in stock items but is not re'uired for manufactured products$ .hen adding new
manufactured stock items to the "tock+ode sheet, this error code will be displayed until the appropriate components ha%e
been added to the !/M sheet$ The error can be therefore be corrected by adding a purchase price for a bought-in stock
item, adding components to a manufactured stock item or deleting a purchase price that has been specified for a
manufactured product$
F -9 - this error code means that the what-if price input in column - on the "tock +ode sheet is incorrect$ * what-if price
should be entered for all bought-in stock items but is not re'uired for manufactured products$ .hen adding new
manufactured stock items to the "tock+ode sheet, this error code will be displayed until the appropriate components ha%e
been added to the !/M sheet$ The error can be therefore be corrected by adding a what-if price for a bought-in stock item,
adding components to a manufactured stock item or deleting a what-if price that has been specified for a manufactured
product$
2age 43 of 34
Instructions
On this sheet:
On this sheet:
Circular "eference *arning
Template Settings
F -= - this error code means that the product stock code that has been specified is in%alid$ "tock codes must be created on
the "tock+ode sheet before being used on any of the other sheets and the error can therefore be corrected by simply
creating the appropriate stock code on the "tock+ode sheet$ If a stock code has been deleted, this error code will be
displayed in all the rows on the other sheets that still refer to the stock code$ These entries must be deleted or a %alid stock
code needs to be selected in column *$
F -> - this error code means that the component stock code that has been specified is in%alid$ "tock codes must be created
on the "tock+ode sheet before being used on any of the other sheets and the error can therefore be corrected by simply
creating the appropriate stock code on the "tock+ode sheet$ If a stock code has been deleted, this error code will be
displayed in all the rows on the !/M sheet that still refer to the stock code$ These entries must be deleted or a %alid stock
code needs to be selected in column !$
F -G - this error code means that a component has been duplicated in the same product costing$ +omponents should only
be included once in any particular product costing and duplications of component codes may result in inaccurate product
costings$ This error can be corrected by sorting the data on the !/M sheet in an ascending order based on the product code
in column * and then by the component code in column ! before deleting any duplicated entries that may exist$
Note: Input errors may result in inaccurate template calculations and it is therefore imperati%e that all errors are resol%ed
before re%iewing the product costings, 'uantity forecasts or profit margins$
The comple# nature of the calculations that have been included in this template reuires multiple calculation iterations in
order to complete the calculation cycle. This is only possible in "#cel if the iterative calculation setting (which is part of the
default "#cel options) has been enabled. 'e have enabled this setting for the template but unfortunately the setting may be
automatically overridden if a workbook which has this setting deactivated is active in the "#cel application when the template
is opened.
:f the iterative calculation setting is overridden when opening the template, the user will receive a circular references warning
and some of the product costing calculations will not be updatable. This is nothing more than an inconvenience which can be
resolved by completing any of the following steps5
F *cti%ate the calculation iteration settings by selecting the main Tools menu, selecting the /ptions feature from the menu,
opening the +alculations tab and selecting the checkbox next to the 5Iterations5 label$ 0ou can retain the default settings for
the maximum iterations and maximum change settings$ 0ou may notice a 5+alculate5 message in the status bar at the
bottom of the -xcel application window but this message will ha%e no effect on the way in which the calculations are updated
in all the other open workbooks$
F +lose all open workbooks before opening the ,roduct +osting template$ This will ensure that the iteration setting is
acti%ated automatically and you therefore don<t need to complete the manual process as per the pre%ious point$
F If the abo%e steps pro%e to be too cumbersome for your liking, e-mail our "upport function and re'uest a macro enabled
%ersion of the template to be sent to you$ The macro enabled %ersion only includes a single macro which automates the
acti%ation and deacti%ation of the iteration calculation settings$
F .*RNIN4: .hen the iteration setting is acti%ated, -xcel will not identify and warn users of any circular references that
may be present in the affected workbooks$ If circular references are present in a workbook, the absence of these warnings
may lead to inaccurate calculations in the affected workbook$ .e therefore recommend that you close all other open
workbooks before opening the ,roduct +osting templateH that you do not sa%e any other open workbooks after the iteration
setting has been enabled (or that you resa%e the workbooks after the iteration setting has been disabled) and that you
disable the iteration setting after using the ,roduct +osting template$
F N/T-: The iteration calculation settings only affect the -xcel 7229 %ersion of the ,roduct +osting template$ This setting
does not need to be acti%ated in the -xcel 722E ; 7212 %ersion of the template which makes the latter %ersion a lot less
cumbersome to use$
The functionality that has been included in this template uses data validation and named cell ranges in order to validate all
user input and to perform the calculations that form part of this template. $ost of the formulas that are used in this template
are based on named cell ranges that include the first 4,--- rows on the appropriate sheets. 'hen the number of entries that
are added to any of these sheets reaches this limit, you will therefore have to e#tend the default number of rows in order to
include all the entries in the template calculations.
2age 4/ of 34
Instructions
On this sheet:
On this sheet:
9elp : Customi;ation
< Cop!right
The named cell ranges can be e#tended by accessing the main :nsert menu, selecting <ame, and selecting >efine in order
to open the >efine <ame dialog bo#. The calculations that include the entries on the )tock8ode, 6!$, 7orecast and
$argins sheets are all based on the @=ecords@ named range. This named cell range includes a default value of 4,--- and
you can therefore e#tend the number of entries that are included in the template calculations by simply entering a new value
for this named range and clicking the !G button.
The data validation features that are used to validate user input have been implemented in the first 4,--- rows on the
appropriate sheets. 6efore you reach this limit, you can simply copy one of the blank rows before row 4,--- and paste the
cells in this row into the reuired number of rows. This action will copy all the data validation features into the target cell
range.
:f you e#perience any difficulty while using this template and you are not able to find the appropriate guidance in these
instructions, please e-mail us at supportKe#cel-skills.com for assistance. This template has been designed with fle#ibility in
mind to ensure that it can be used in most business environments. :f however you need an "#cel based template that is
customi9ed specifically for your business reuirements, please e-mail our )upport function and provide a brief e#planation of
your reuirements.
This template remains the intellectual property of www.e#cel-skills.com and is protected by international copyright laws. +ny
publication or distribution of this template outside the scope of the permitted use of the template is e#pressly prohibited. :n
terms of the permitted use of this template, only the distribution of the template to persons within the same organisation as
the registered user or persons outside the organisation who can reasonably be e#pected to reuire access to the template as
a direct result of the use of the template by the registered user is allowed. )ubseuent distribution of the template by parties
outside of the organisation is however e#pressly prohibited and represents an infringement of international copyright laws.
2age 4, of 34
Stock Codes
"et-up
I www$excel-skills$com G7E,18E$98 E1E,2E>$88
Stock Code (escription )O& *hat%if Price Product T!pe Product Cost
4343JEJ Jarden )hed ;nits $anufactured ,,4/-.CC ,,A31./A - - -
43432E2 2ainted Jarden )hed ;nits $anufactured ,,H0C.40 1,0C4.4- - - -
4343TET Tools )hed ;nits $anufactured /,034./4 ,,4/C.// - - -
=$4- )teel 2lates $3 4,-.-- 40-.-- 6ought-:n 4,-.-- 40-.-- 4,A33.33 3,4,444.44 3A1,111.10
=$31 >oor Eandle ;nits 41-.-- 4A-.-- 6ought-:n 41-.-- 4A-.-- 411.-- 3/,31-.-- 30,/1-.--
=$/- 'ood $3 43-.-- 4/1.-- 6ought-:n 43-.-- 4/1.-- 3,4AA.AC 304,///.// 3H,,---.--
=$1- 4 :nch )crews 6ag /-.-- /0.-- 6ought-:n /-.-- /0.-- 4A.33 140.0A 03-.--
=$11 3 :nch )crews 6ag 1-.-- 03.-- 6ought-:n 1-.-- 03.-- 1/0.H/ 30,C,0.,4 //,3CH.1,
=$0- Jlass $3 C-.-- H-.-- 6ought-:n C-.-- H-.-- 4CC.3, 41,-1C.C3 40,H,4.4C
=$A- 7iller 6ag 0-.-- A-.-- 6ought-:n 0-.-- A-.-- CC.CH 1,///.// 0,333.33
=$A1 )wivel ;nits /.1- ,.-- 6ought-:n /.1- ,.-- /4-.-- 4,-C1.-- 4,3,-.--
=$C- 2aint - 'hite >rum 33-.-- 31-.-- 6ought-:n 33-.-- 31-.-- 0/.40 4/,CH,.A, 41,ACH.,A
=$C1 2aint - Jreen >rum 31-.-- 3C-.-- 6ought-:n 31-.-- 3C-.-- /1.3H C,C3/.1/ H,CC3./1
)>4C >oor ;nits $anufactured /4/.0A /1A.-- 411.-- - -
)>3- 'indow ;nits $anufactured 3H.1/ //.HA 0,-.-- - -
)>31 =oof ;nits $anufactured 4,A00.0A 3,-3,.,, 411.-- - -
)>/- 'indow 7rame ;nits $anufactured /34.,1 /0C.13 4--.-- - -
)>/1 Jla9ed 'indow ;nits $anufactured /H.1/ ,0.,A 3,-.-- - -
)>,- Jla9ed 'indow 7rame ;nits $anufactured /04.,1 ,4C.13 0-.-- - -
B64- Babour - Jrade 4 Eours 3-.-- 31.-- 6ought-:n 3-.-- 31.-- 4,30,.33 31,3C,.,, /4,0-1.10
B641 Babour - Jrade 3 Eours /-.-- /0.-- 6ought-:n /-.-- /0.-- 411.-- ,,01-.-- 1,1C-.--
Purchase
Price
Error
Code
*hat%+f
Cost
,uantit!
'orecast
-alue 'orecast
*hat%if -alue
'orecast
On this sheet:
Create unique stock codes for all bought%in and manufactured stock items and enter the stock description/ unit of
measure/ purchase price and #hat%if cost for each stock item$ The columns #ith a light blue column heading contain
formulas that should be copied for all ne# stock codes that are created$ These columns include calculations of the
product cost and #hat%if cost of all manufactured stock items =calculated based on the stock components that are added
to the >O&> sheet? and the quantit! forecast that is calculated based on the manufactured stock item quantities that are
entered on the >'orecast> sheet$
On this sheet:
Create unique stock codes for all bought%in and manufactured stock items and enter the stock description/ unit of
measure/ purchase price and #hat%if cost for each stock item$ The columns #ith a light blue column heading contain
formulas that should be copied for all ne# stock codes that are created$ These columns include calculations of the
product cost and #hat%if cost of all manufactured stock items =calculated based on the stock components that are added
to the >O&> sheet? and the quantit! forecast that is calculated based on the manufactured stock item quantities that are
entered on the >'orecast> sheet$
2age 41 of 34
ills of &aterial
+osting +omponents "et-up
L www.e#cel-skills.com
.ield Product (escription Product )O& Component (escription
)>4C =$/- 4.--- H-.-D >oor ;nits 'ood $3 6ought-:n 43-.-- 4//.// -
)>4C =$31 4.--- 4--.-D >oor ;nits >oor Eandle ;nits 6ought-:n 41-.-- 41-.-- -
)>4C =$1- -.4-- H-.-D >oor ;nits 4 :nch )crews 6ag 6ought-:n /-.-- /.// -
)>4C =$A1 3.--- 4--.-D >oor ;nits )wivel ;nits 6ought-:n /.1- A.-- -
)>4C B64- 4.--- 4--.-D >oor ;nits Babour - Jrade 4 Eours 6ought-:n 3-.-- 3-.-- -
)>3- =$0- -.31- C1.-D 'indow ;nits Jlass $3 6ought-:n C-.-- 3/.1/ -
)>3- B64- -./-- 4--.-D 'indow ;nits Babour - Jrade 4 Eours 6ought-:n 3-.-- 0.-- -
)>31 =$4- 4-.--- H-.-D =oof ;nits )teel 2lates $3 6ought-:n 4,-.-- 4,111.10 -
)>31 =$/- 4.--- H-.-D =oof ;nits 'ood $3 6ought-:n 43-.-- 4//.// -
)>31 =$11 4.--- H-.-D =oof ;nits 3 :nch )crews 6ag 6ought-:n 1-.-- 11.10 -
)>31 B64- 4.--- H-.-D =oof ;nits Babour - Jrade 4 Eours 6ought-:n 3-.-- 33.33 -
)>/- )>3- ,.--- 4--.-D 'indow 7rame ;nits 'indow ;nits $anufactured - - 3H.1/
)>/- =$A- -.1-- H-.-D 'indow 7rame ;nits 7iller 6ag 6ought-:n 0-.-- //.// -
)>/- =$/- 4.--- C-.-D 'indow 7rame ;nits 'ood $3 6ought-:n 43-.-- 41-.-- -
)>/- B64- 4.--- 4--.-D 'indow 7rame ;nits Babour - Jrade 4 Eours 6ought-:n 3-.-- 3-.-- -
)>/1 )>3- 4.--- 4--.-D Jla9ed 'indow ;nits 'indow ;nits $anufactured - - 3H.1/
)>/1 B64- -.1-- 4--.-D Jla9ed 'indow ;nits Babour - Jrade 4 Eours 6ought-:n 3-.-- 4-.-- -
)>,- )>/1 ,.--- 4--.-D Jla9ed 'indow 7rame ;nits Jla9ed 'indow ;nits $anufactured - - /H.1/
)>,- =$A- -.1-- H-.-D Jla9ed 'indow 7rame ;nits 7iller 6ag 6ought-:n 0-.-- //.// -
)>,- =$/- 4.--- C-.-D Jla9ed 'indow 7rame ;nits 'ood $3 6ought-:n 43-.-- 41-.-- -
)>,- B64- 4.--- 4--.-D Jla9ed 'indow 7rame ;nits Babour - Jrade 4 Eours 6ought-:n 3-.-- 3-.-- -
4343JEJ )>31 4.--- 4--.-D Jarden )hed ;nits =oof ;nits $anufactured - - 4,A00.0A
4343JEJ )>/- 3.--- 4--.-D Jarden )hed ;nits 'indow 7rame ;nits $anufactured - - /34.,1
4343JEJ )>4C 4.--- 4--.-D Jarden )hed ;nits >oor ;nits $anufactured - - /4/.0A
4343JEJ =$/- H.--- H-.-D Jarden )hed ;nits 'ood $3 6ought-:n 43-.-- 4,3--.-- -
4343JEJ =$11 3.--- C1.-D Jarden )hed ;nits 3 :nch )crews 6ag 6ought-:n 1-.-- 44A.01 -
4343JEJ B64- /.--- 4--.-D Jarden )hed ;nits Babour - Jrade 4 Eours 6ought-:n 3-.-- 0-.-- -
4343JEJ B641 4.--- 4--.-D Jarden )hed ;nits Babour - Jrade 3 Eours 6ought-:n /-.-- /-.-- -
43432E2 )>31 4.--- 4--.-D 2ainted Jarden )hed ;nits =oof ;nits $anufactured - - 4,A00.0A
43432E2 )>,- 3.--- 4--.-D 2ainted Jarden )hed ;nits Jla9ed 'indow 7rame ;nits $anufactured - - /04.,1
43432E2 )>4C 4.--- 4--.-D 2ainted Jarden )hed ;nits >oor ;nits $anufactured - - /4/.0A
43432E2 =$/- H.--- H-.-D 2ainted Jarden )hed ;nits 'ood $3 6ought-:n 43-.-- 4,3--.-- -
43432E2 =$11 3.--- C1.-D 2ainted Jarden )hed ;nits 3 :nch )crews 6ag 6ought-:n 1-.-- 44A.01 -
43432E2 =$C- 3.--- H1.-D 2ainted Jarden )hed ;nits 2aint - 'hite >rum 6ought-:n 33-.-- ,0/.40 -
43432E2 =$C1 4.--- C1.-D 2ainted Jarden )hed ;nits 2aint - Jreen >rum 6ought-:n 31-.-- 3H,.43 -
43432E2 B64- /.--- 4--.-D 2ainted Jarden )hed ;nits Babour - Jrade 4 Eours 6ought-:n 3-.-- 0-.-- -
43432E2 B641 4.--- 4--.-D 2ainted Jarden )hed ;nits Babour - Jrade 3 Eours 6ought-:n /-.-- /-.-- -
4343TET )>31 4.--- 4--.-D Tools )hed ;nits =oof ;nits $anufactured - - 4,A00.0A
4343TET )>4C 4.--- 4--.-D Tools )hed ;nits >oor ;nits $anufactured - - /4/.0A
Product Stock
Code
Component
Stock Code
+nput
,uantit!
Error
Code
Component
)O&
Component
T!pe
ought%+n
Price
ought%+n
Cost
+ntermed
Comp Cost
On this sheet:
Compile a bill of material =>recipe>? for all manufactured products$ Start b! selecting the appropriate product
stock code in column A and then select the appropriate component stock code in column before entering the
input quantit! and !ield of each component$ The columns #ith a light blue column heading contain formulas that
should be copied for all ne# components that are entered on this sheet$ The bill of material that is created on this
sheet links the manufactured product =stock code in column A? and the components that are used in order to
manufacture the product =stock codes in column ?$ All components that are linked to a manufactured product on
this sheet are included in the product cost calculation of the manufactured product$ @ote that !ou can also add
direct labour and o2erhead costs to a bill of material b! simpl! creating a unique stock code for these costs$
On this sheet:
Compile a bill of material =>recipe>? for all manufactured products$ Start b! selecting the appropriate product
stock code in column A and then select the appropriate component stock code in column before entering the
input quantit! and !ield of each component$ The columns #ith a light blue column heading contain formulas that
should be copied for all ne# components that are entered on this sheet$ The bill of material that is created on this
sheet links the manufactured product =stock code in column A? and the components that are used in order to
manufacture the product =stock codes in column ?$ All components that are linked to a manufactured product on
this sheet are included in the product cost calculation of the manufactured product$ @ote that !ou can also add
direct labour and o2erhead costs to a bill of material b! simpl! creating a unique stock code for these costs$
2age 40 of 34
ills of &aterial
.ield Product (escription Product )O& Component (escription
Product Stock
Code
Component
Stock Code
+nput
,uantit!
Error
Code
Component
)O&
Component
T!pe
ought%+n
Price
ought%+n
Cost
+ntermed
Comp Cost
4343TET =$/- 4-.--- H-.-D Tools )hed ;nits 'ood $3 6ought-:n 43-.-- 4,///.// -
4343TET =$11 3.--- C1.-D Tools )hed ;nits 3 :nch )crews 6ag 6ought-:n 1-.-- 44A.01 -
4343TET B64- /.--- 4--.-D Tools )hed ;nits Babour - Jrade 4 Eours 6ought-:n 3-.-- 0-.-- -
4343TET B641 4.--- 4--.-D Tools )hed ;nits Babour - Jrade 3 Eours 6ought-:n /-.-- /-.-- -
2age 4A of 34
ills of &aterial
)>4C =$/-
)>4C =$31
)>4C =$1-
)>4C =$A1
)>4C B64-
)>3- =$0-
)>3- B64-
)>31 =$4-
)>31 =$/-
)>31 =$11
)>31 B64-
)>/- )>3-
)>/- =$A-
)>/- =$/-
)>/- B64-
)>/1 )>3-
)>/1 B64-
)>,- )>/1
)>,- =$A-
)>,- =$/-
)>,- B64-
4343JEJ )>31
4343JEJ )>/-
4343JEJ )>4C
4343JEJ =$/-
4343JEJ =$11
4343JEJ B64-
4343JEJ B641
43432E2 )>31
43432E2 )>,-
43432E2 )>4C
43432E2 =$/-
43432E2 =$11
43432E2 =$C-
43432E2 =$C1
43432E2 B64-
43432E2 B641
4343TET )>31
4343TET )>4C
Product Stock
Code
Component
Stock Code
Product Cost
- 4//.// 4/1.-- 41-.-- - - 41-.-- - 4A3.33 - - - -
- 41-.-- 4A-.-- 4A-.-- - - 4A-.-- - 411.-- - - - -
- /.// /0.-- ,.-- - - ,.-- - 4A.33 - - - -
- A.-- ,.-- C.-- - - C.-- - /4-.-- - - - -
- 3-.-- 31.-- 31.-- - - 31.-- - 411.-- - - - -
- 3/.1/ H-.-- 30.,A - - 30.,A - - 44A.01 A-.1H - -
- 0.-- 31.-- A.1- - - A.1- - - 43-.-- A3.-- - -
- 4,111.10 40-.-- 4,AAA.AC - - 4,AAA.AC - 4,A33.33 - - - -
- 4//.// 4/1.-- 41-.-- - - 41-.-- - 4A3.33 - - - -
- 11.10 03.-- 0C.CH - - 0C.CH - 4A3.33 - - - -
- 33.33 31.-- 3A.AC - - 3A.AC - 4A3.33 - - - -
44C.43 44C.43 - - //.HA 4/1.CC 4/1.CC - ,--.-- - - - -
- //.// A-.-- /C.CH - - /C.CH - 11.10 - - - -
- 41-.-- 4/1.-- 40C.A1 - - 40C.A1 - 431.-- - - - -
- 3-.-- 31.-- 31.-- - - 31.-- - 4--.-- - - - -
3H.1/ 3H.1/ - - //.HA //.HA //.HA - - 3,-.-- - - -
- 4-.-- 31.-- 43.1- - - 43.1- - - 43-.-- - - -
41C.43 41C.43 - - ,0.,A 4C1.CC 4C1.CC - 3,-.-- - - - -
- //.// A-.-- /C.CH - - /C.CH - //.// - - - -
- 41-.-- 4/1.-- 40C.A1 - - 40C.A1 - A1.-- - - - -
- 3-.-- 31.-- 31.-- - - 31.-- - 0-.-- - - - -
4,A00.0A 4,A00.0A - - 3,-3,.,, 3,-3,.,, 3,-3,.,, 1-.-- - - - - -
0,3.H- 0,3.H- - - /0C.13 A/A.-, A/A.-, 4--.-- - - - - -
/4/.0A /4/.0A - - /1A.-- /1A.-- /1A.-- 1-.-- - - - - -
- 4,3--.-- 4/1.-- 4,/1-.-- - - 4,/1-.-- 1--.-- - - - - -
- 44A.01 03.-- 4,1.CC - - 4,1.CC 44A.01 - - - - -
- 0-.-- 31.-- A1.-- - - A1.-- 41-.-- - - - - -
- /-.-- /0.-- /0.-- - - /0.-- 1-.-- - - - - -
4,A00.0A 4,A00.0A - - 3,-3,.,, 3,-3,.,, 3,-3,.,, /-.-- - - - - -
A33.H- A33.H- - - ,4C.13 C/A.-, C/A.-, 0-.-- - - - - -
/4/.0A /4/.0A - - /1A.-- /1A.-- /1A.-- /-.-- - - - - -
- 4,3--.-- 4/1.-- 4,/1-.-- - - 4,/1-.-- /--.-- - - - - -
- 44A.01 03.-- 4,1.CC - - 4,1.CC A-.1H - - - - -
- ,0/.40 31-.-- 130./3 - - 130./3 0/.40 - - - - -
- 3H,.43 3C-.-- /3H.,4 - - /3H.,4 /1.3H - - - - -
- 0-.-- 31.-- A1.-- - - A1.-- H-.-- - - - - -
- /-.-- /0.-- /0.-- - - /0.-- /-.-- - - - - -
4,A00.0A 4,A00.0A - - 3,-3,.,, 3,-3,.,, 3,-3,.,, A1.-- - - - - -
/4/.0A /4/.0A - - /1A.-- /1A.-- /1A.-- A1.-- - - - - -
+ntermed
Prod Cost
ought%+n *+
Price
ought%+n *+
Cost
*+ +0& Comp
Cost
*+ +0& Prod
Cost
*hat%+f
Cost
1e2el3
'orecast
1e2el4
'orecast
1e2el5
'orecast
1e2el6
'orecast
1e2el7
'orecast
1e2el8
'orecast
2age 4C of 34
ills of &aterial
Product Stock
Code
Component
Stock Code
4343TET =$/-
4343TET =$11
4343TET B64-
4343TET B641
Product Cost
+ntermed
Prod Cost
ought%+n *+
Price
ought%+n *+
Cost
*+ +0& Comp
Cost
*+ +0& Prod
Cost
*hat%+f
Cost
1e2el3
'orecast
1e2el4
'orecast
1e2el5
'orecast
1e2el6
'orecast
1e2el7
'orecast
1e2el8
'orecast
- 4,///.// 4/1.-- 4,1--.-- - - 4,1--.-- C//.// - - - - -
- 44A.01 03.-- 4,1.CC - - 4,1.CC 4A0.,A - - - - -
- 0-.-- 31.-- A1.-- - - A1.-- 331.-- - - - - -
- /-.-- /0.-- /0.-- - - /0.-- A1.-- - - - - -
2age 4H of 34
Product Costing
Stock Code (escription T!pe Total Cost *hat%+f Cost -ariance
43432E2 2ainted Jarden )hed $anufactured ,,H0C.40 1,0C4.4- 4,.,D
Stock Code (escription )O& .ield Product Cost Component A *hat%+f Cost
)>31 =oof ;nits $anufactured 4,A00.0A 4.--- 4--.-D 4,A00.0A /1.0D 3,-3,.,, 4,.0D
)>,- Jla9ed 'indow 7rame ;nits $anufactured /04.,1 3.--- 4--.-D A33.H- 4,.0D C/A.-, 41.CD
)>4C >oor ;nits $anufactured /4/.0A 4.--- 4--.-D /4/.0A 0./D /1A.-- 4/.CD
=$/- 'ood $3 6ought-:n 43-.-- H.--- H-.-D 4,3--.-- 3,.3D 4,/1-.-- 43.1D
=$11 3 :nch )crews 6ag 6ought-:n 1-.-- 3.--- C1.-D 44A.01 3.,D 4,1.CC 3,.-D
=$C- 2aint - 'hite >rum 6ought-:n 33-.-- 3.--- H1.-D ,0/.40 H./D 130./3 4/.0D
=$C1 2aint - Jreen >rum 6ought-:n 31-.-- 4.--- C1.-D 3H,.43 1.HD /3H.,4 43.-D
B64- Babour - Jrade 4 Eours 6ought-:n 3-.-- /.--- 4--.-D 0-.-- 4.3D A1.-- 31.-D
B641 Babour - Jrade 3 Eours 6ought-:n /-.-- 4.--- 4--.-D /-.-- -.0D /0.-- 3-.-D
Product
T!pe
Component
Cost
+nput
,uantit!
A Cost
-ariance
On this sheet:
The product costing calculations on this sheet enable users to 2ie# a detailed costing for an!
manufactured product$ The sheet requires no user input B all the cost components are automaticall!
calculated based on the stock code that is selected from the list box in cell A6$ The calculations on
this sheet can also be used to anal!;e the effect that component price increases ha2e on an
indi2idual product costings b! comparing the product cost and #hat%if cost of a manufactured
product$
On this sheet:
The product costing calculations on this sheet enable users to 2ie# a detailed costing for an!
manufactured product$ The sheet requires no user input B all the cost components are automaticall!
calculated based on the stock code that is selected from the list box in cell A6$ The calculations on
this sheet can also be used to anal!;e the effect that component price increases ha2e on an
indi2idual product costings b! comparing the product cost and #hat%if cost of a manufactured
product$
2age 3- of 34
Production 'orecast
,roduction @uantity &orecast #ate ,repared: 8;1;721=
Stock Code (escription )O& Error Code ,uantit!
4343JEJ Jarden )hed ;nits 1-.--
43432E2 2ainted Jarden )hed ;nits /-.--
4343TET Tools )hed ;nits A1.--
On this sheet:
The production forecast can be used to determine the stock component
quantities that are required in order to produce the manufactured stock
quantities that are entered on this sheet$ Simpl! enter the appropriate
manufactured stock quantities and the component stock quantities are
calculated and displa!ed in column C on the >StockCode> sheet$ The columns
#ith light blue column headings contain formulas that should be copied for all
ne# products that are entered on this sheet$
On this sheet:
The production forecast can be used to determine the stock component
quantities that are required in order to produce the manufactured stock
quantities that are entered on this sheet$ Simpl! enter the appropriate
manufactured stock quantities and the component stock quantities are
calculated and displa!ed in column C on the >StockCode> sheet$ The columns
#ith light blue column headings contain formulas that should be copied for all
ne# products that are entered on this sheet$
2age 34 of 34
&argin Anal!sis
&inished ,roducts
Stock Code (escription )O& Dross Profit *hat%+f DP A
4343JEJ Jarden )hed ;nits 1,1--.-- ,,4/-.CC 4,/0H.43 3,.HD ,,A31./A AA,.0/ 4,.4D 0,3H4.13 4,.,D
43432E2 2ainted Jarden )hed ;nits 0,---.-- ,,H0C.40 4,-/4.C, 4A.3D 1,0C4.4- /4C.H- 1./D 0,C04.-4 4,.,D
4343TET Tools )hed ;nits ,,1--.-- /,034./4 CAC.0H 4H.1D ,,4/C.// /04.0A C.-D 1,4,3.,0 4,./D
Error
Code
Selling
Price
Product
Cost
Dross Profit
A
*hat%+f
Cost
*hat%+f Dross
Profit
*hat%+f Selling
Price
Selling Price
-ariance
On this sheet:
The calculations on this sheet enable users to calculate the actual gross profit percentage of all
manufactured products based on the selling price that is entered in column E$ )ser input is limited
to selecting the appropriate stock code and entering the appropriate selling price B all the columns
#ith a light blue column heading contain formulas that should be copied for all the ne# stock
codes that are added to this sheet$ A calculation of the #hat%if gross profit is also included and the
#hat%if selling price is calculated b! appl!ing the actual gross profit percentage to the #hat%if cost$
On this sheet:
The calculations on this sheet enable users to calculate the actual gross profit percentage of all
manufactured products based on the selling price that is entered in column E$ )ser input is limited
to selecting the appropriate stock code and entering the appropriate selling price B all the columns
#ith a light blue column heading contain formulas that should be copied for all the ne# stock
codes that are added to this sheet$ A calculation of the #hat%if gross profit is also included and the
#hat%if selling price is calculated b! appl!ing the actual gross profit percentage to the #hat%if cost$

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Excel Skills | Product Costing Template

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