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Manufacturing to Retail Cost Calculator

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    Manufacturing to Retail Cost Calculator

    I am trying to make an EASY Manufacturing Cost to Retail pricing calculator. This calculator would have ability to include cost of goods, labor, markup etc of components manufactured and sold as retail products, example: small bookshelves versus large bookshelves or cabinets all have different materials (wood types, stain etc) in determining the final retail product costs that would reflect time of labor hours involved in producing to determine final retail costs. Should be simple in Excel 2000 (my version). I have the basic template created and have used Data Validation Drop Down Lists and utilized LOOKUP function. While my knowledge is limited in Excel, I am frustrated as how the LOOKUP function works, I can only get it to work where in the formula, the costs per unit are input manually, whereas I would prefer to have the data input automatically from columns of calculated wholesale cost plus markup per square foot data, ie: =lookup(A1, X1:X30, Y1:Y30) but get errors when doing this. Instead this works: =lookup(A1,{"pine", "oak", "birch"},{"3.99","7.87","5.15"}) and using this cell (A1) in my calculations for including the square foot costs in the final retail calculations. While this seems to work, it is not easily modifiable as costs change rapidly and would like to easily input the cost per square foot of the different woods in their own cells rather than in the formula calculation of the lookup. Hope that makes sense..... any suggestions? perhaps lookup is not the best function for what I am attempting? - sample file is attached, light green are notes of where my data is located. Thanks....
    Attached Files Attached Files
    Last edited by Mahogan; 06-17-2009 at 10:57 PM. Reason: Added Sample File

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    Re: Manufacturing to Retail Cost Calculator

    Welcome to the Forum

    Please post in the Forum most relevant to your question, in this case Functions not Programming.

    It would be simpler if you attached what you have so far.
    Hope that helps.

    RoyUK
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    For Excel Tips & Solutions, free examples and tutorials why not check out my web site

    Free DataBaseForm example

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    Re: Manufacturing to Retail Cost Calculator

    Thanks.... but how can I move the post?

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    Re: Manufacturing to Retail Cost Calculator

    Roy has already moved it.

    Do you have overhead rates to apply? In my business we call them Overhead (applied to direct labor costs) and G&A (applied to to the total of direct labor, overhead, materials, subcontracts, and other direct costs. That rolls up to total cost, then you apply profit to arrive at sell price.
    Last edited by shg; 06-17-2009 at 09:58 PM.
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    Re: Manufacturing to Retail Cost Calculator

    Yes, indeed there are many overhead costs. My sample file is geared toward a screen where my customers may see the calculations, so some items are hidden. Typically how I calculate profit and overhead is where if my material costs are say $100 I take that times 1.5, and charge the customer $150, but this does not include the Labor to produce the product, see below row 60 for a labor table. Typically that is based upon say $50 per hour, but when bidding out a project I have to prorate labor depending upon total square feet of materials, kinda the basis for small projects taking more time than some larger projects are quicker overall per square foot of materials. The way the XLS file is constructed, my employee helped me get this started, it seems that it is way to vaque in calculating the final costs and not everything (expense) is taken into consideration. Like if I were to have a hidden table of what each wood type costs per square foot, or sometimes per item, and then the correct markup is calculated and so on, this way it is more accurate and as material costs increase I can easily go and change that hidden table with the correct new pricing. The way the lookup function seems to work, I would have to go to that cell and manually change the entire function to coinside with the correct prices and this would become very confusing to keep straight with the matching materials. I guess, I am wondering if there is a way to have my material data table on a different sheet, hidden away from the customer, and can pull that info into the drop down menus as I selectively choose each component or detail in making up the custom shelves. (I should note, to keep privacy, I made my chart somewhat generic, but the entire concept is entact)

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    Re: Manufacturing to Retail Cost Calculator

    I can't cope with all that formatting, but this is how I do a roll-up:
            --------G--------- --H-- ----I----
      147   Direct Labor              $14,000 
      148   Overhead           72.0%  $10,080 
      149   Total Loaded Labor        $24,080 
      150   Matl & ODC                        
      151   Contract Labor            $-      
      152   Travel                    $1,400  
      153   MSO                       $2,000  
      154   Total Direct Cost         $27,480 
      155   G&A                15.0%  $4,122  
      156   Total Cost                $31,602 
      157   Profit             20.0%  $7,901  
      158   Sell Price                $39,503

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    Re: Manufacturing to Retail Cost Calculator

    do you need some kind of break-even analyzer?
    if so, maybe this template can help you out:
    http://www.spreadsheetzone.com/templateview.aspx?i=3
    btw, you can download it for free.

    hope helps =)

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    Re: Manufacturing to Retail Cost Calculator

    Thanks for the link, that would be helpful in other areas. Still need some advice on proper functions on my files...

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    Re: Manufacturing to Retail Cost Calculator

    okay, I looked your file in detail and attached the file in which I placed the formula you needed in the cells E8 and F8. I added the tables and the list right under the calculators.

    you can play with the values and change them to the values you have,
    you don't need to change the cells E8 and F8, though.

    hope that helps.

    SSM
    Attached Files Attached Files

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    Re: Manufacturing to Retail Cost Calculator

    Suzzy, Yes! That seems to be the right formula! I will also need to change the formula in cell I8 to the method you used in the other cells. This greatly helps. I will do some more research on how that formula works, but it definitely seems to be the proper function. Do you know if the data tables that the formula pulls from can be on a separate worksheet tab, I think that it would make for a less cluttered work area. Thanks again for your great help!

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