Page 135 - HAND EMBROIDERY ARTISAN_TP

Handicrafts & Carpets Exercise 1.11.66
Hand Embroidery Artisan - Quality Assessment

Perform estimation of products

Objective: At the end of this exercise you shall be able to
• perform a product estimate.

Requirements

Materials
• Notebook - as reqd. • Sharpener - as reqd.
• Pencil - as reqd.

PROCEDURE
Steps to perform a product estimate 5 Estimate total production cost

1 Define the product • Total Cost per Product=Material+Labor+Overhead\
• Example: Sozni embroidered shawl, stole, or text{Total Cost per Product} = \text{Material}
+ \text{Labor} + \text{Overhead}Total Cost per
cushion cover
Product=Material+Labor+Overhead Example:
2 List all raw materials used (with quantity & cost) ₹1245+₹800+₹100=₹2145\text{Example:
} ₹1245 + ₹800 + ₹100 = ₹2145Example:
Quantity Cost per Total
Material ₹1245+₹800+₹100=₹2145
per Piece Unit Cost
Base Fabric 2.25 meters ₹500/ ₹1125 6 Add profit margin
(e.g., Pashmina, meter • Commonly 15% to 30%
Wool) - \text{Selling Price} = \text{Total Cost} +
Embroidery 20 grams ₹3/gram ₹60 (\text{Profit %} \times \text{Total Cost})
thread ₹2145+(20% of ₹2145=₹429)=₹2574₹2145
Tracing Paper/ 1 piece ₹10 ₹10 + (20\% \text{ of } ₹2145 = ₹429) =
Design ₹2574₹2145+(20% of ₹2145=₹429)=₹2574
Finishing - - ₹50 7 Estimate number of products
(W ashing, Based on
Ironing)
Total Material ₹1245 • Total raw materials available
Cost • Time available (days, artisans, hours)
3 Add labor/artisan cost • Daily or monthly production capacity
• Based on the time and skill needed 8 Final product estimate should include
- E.g., ₹500–₹1000 per shawl depending on • Unit cost
complexity
• Expected production quantity
4 Include overheads
• Total investment
• Rent, electricity, admin, tools, etc. (proportionally)
• Expected revenue
- E.g., ₹100 per product
• Profit margin

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