Dinner set pricing

Can someone please indicate what a dinner -set of 8 pieces for 12 people plus casseroles, soupturins, serving bowls and platters etc ( about 135 pieces) could cost? Approximately. Pleas mention, if you reply, if it's US or Canadian $, it does make a difference!

Reply to
scrappy
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In article , scrappy writes

The following is a costing example I sent to a correspondent in June

2002. It may be a bit detailed, but you won't do yourself any favours by underpricing!

As the calculations in this are in Pounds Sterling the bracketed figures are US dollars as of June 23rd 2002. 1 USD = 0.669 GBP

O.K here goes.

The example below works as follows: For the purpose of this exercise I have valued my time at 15 Pounds Sterling (GBP) ($22.40) per hour. My clay at 18 ($27) per 55lbs (25kgs). The cost of my bisc fire at 25 ($37.35). My Glaze fire at 35 ($52.28)

Half pint mug Item....Detail...Time.....Cost GBP.................$ Clay....3/4lb........................0.25.........0.37 Throwing........45secs...............0.19.........0.28 Turn.....no Handle...3oz....60secs...............0.25.........0.37 A.O.B................................0.50.........0.75 Bisque firing........................0.06.........0.09 Glaze 10% of Sub Total @ this point: 0.13.........0.186 Pack..Approximate time..26secs.......0.07.........0.10 Glost Firing.........................0.09.........0.13 Fixed overheads Plus 16 percent......0.25.........0.37 Cost price...........................1.35.........2.02 Wholesale= Plus 100 percent..........2.70.........4.04 Retail: Plus 40 percent..............3.78.........5.56

A.O.B (any other business) is an an arbitrary figure to cover answering the phone, making tea, having a pee etc. etc. Bisque and Glaze firings are calculated on the theoretical number of that type of pot it would take to fill the kiln, in this case 400 Glaze cost is almost impossible to calculate so I used the figure of 10 percent of the sub total of the preceding calculations to cover it. Fixed overheads are such things as Rent, Rates (in the UK these are the charges levied by the City to cover the costs of maintaining the area and providing public services like rubbish collection, sewerage, etc.), Electricity, Bank charges, vehicle costs etc. 16 percent is our current calculation. The Cost Price is just that with no profit involved, and as you can see the Wholesale is cost doubled. Retail is wholesale plus 40 percent this is a low mark-up I know, as most shops that bought from me used to put on at least 100 percent. But as I had already had my major slice with the wholesale I used a low retail to encourage customers to buy direct. The only variation from the above is the rule relating to "one offs" (individual piece special orders): because these inevitably incur extra effort and time I apply the Bough Formula (Geoff Bough was my Tutor in this) which is the addition of an extra 25 percent over and above the final costing. Believe me you will have earned it! I hope this makes some sense.

Steve

Reply to
Steve Mills

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