Production Costs

This is for a class in the Parsons x Teen Vogue  Fashion Industry Essentials Certificate Program. I must figure out the production cost on the Multicolored cuff bracelet I made for a different assignment.


If the above values seem  odd to you it is because they are converted from Uganda Shillings. Here is how the table would look in Uganda Shillings:

Some thing I’ve learned while doing this assignment is that I shouldn’t be afraid to price my products at a price others would deem ‘expensive’. I never would have priced this bracelet at $2.00/6000UGX and the price I would have gone with wouldn’t have made me much or any profit.

Some of the figures from the above tables have been rounded up.

2 Comments

  1. October 1, 2016 / 7:26 am

    Kutasha this is an opener. I think 2$ is a fair price for the bracelet. In UGX at 6000 it seem a bit over priced but when you are selling them in bulk or can sell a fair number of pieces you may be able to price it a bit lower and still get your expenses covered and make a profit. Well done my dear I am so proud of you!

    • mwiinebrian
      October 1, 2016 / 10:21 am

      It depends on the market segment your targeting and their consumer traits. If the customers ur selling to associate price to quality then that price is appropriate however if the reverse is true then the bulking option suggested is the way to go.

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