Product costing is a way through which a company can study and keep track of all the various expenses that are accrued in the sale and production of a product from its raw material. Product costing template contains the complete details regarding the costing of any particular set of products manufactured by a company.
Sample Product Costing template
Name of the product: __________________ [mention the product’s name]
[Mention all the requirements for this particular product along with individual cost]
Raw materials Weight Purchased cost per unit
__________ ___________ _____________ _________
Total cost ___________ [mention the total cost of all the products per unit]
Selling price per unit ________________________ [Mention the total selling price per unit of this product]
Yield (%) ______________________ [Mention the total yield percentage of this product from purchased raw materials]
Profit ______________________________ [mention the total profit gained from per unit of this product]