Export costing ppt. These costs may be of three types.
Export costing ppt. introduction • Standard cost is: A predetermined cost. The key objectives are: • Assessment of export potential and capabilities • Identify target markets • Choose the best market entry strategy • Selection of most suitable marketing actions • Better management of international business operations • Export Costing - Free download as PDF File (. It notes that logistics has evolved into a major business area and can help Pricing exports properly requires analyzing four key elements: costs, market demand, competition, and objectives. The contribution of fixed cost being a significant factor, it may be argued that the marginal costing system would be relevant only in industries whose capacities are not fully Export marketing - Download as a PDF or view online for free • Download as PPT, PDF in e xport marketing Your customers may be confronted with a product which is new to them There is the high costs of Exporting to consider - travel, management time, Agent's fees, shipping goods, duty, import licenses, the problems with paying This document provides information on export documentation requirements. ♠ Replacement cost is the current cost that will have to be incurred by the firm to purchase the input acquired in the past. The document discusses export costing and pricing. Exporters first ascertain production costs which include direct costs (materials, 4. • At times it can be as high as 25%. Export marketing has wider economic significance as it offers various advantages to the national economy. Used for cost-control. For example, Company A located in India sells and sends its products from India to Company B located in Germany; in this case, Company A is said to exporter 3. The usefulness of marginal cost in export pricing is a debatable point. The document Export pricing strategy The two approaches to pricing products for exports are Cost plus method – Fully allocates domestic and foreign costs to the product; ensures profit margins; however, the Logistics approach to export. 692 views • Import/Export Costing. Standard costing: Mrs. This new module focuses on costing for export, starting with the costs to be The slide illustrates an overview of export pricing and costing to set a price at which product will be sold to the overseas buyers. 10. If the value of a contract is heavy, the cost plus contract 17. Work is done at site, away from contractor’s own premises. Each contract is treated as a cost unit. Consequences of poorly completed documentation • Poor documentation may result in a number of problems in executing an export order, which may lead to additional costs to the exporter. Where all Inputs and Expenses are recorded in the DEBIT SIDE and Losses and output are CREDITED. g 1st Jan to 1st April) where the underlying raw materials change on different While Canva offers a smooth experience, you can still easily export this template as a PowerPoint file. PRE-SHIPMENT FINANCE: (PACKING CREDIT) PROVIDED WHEN THE EXPORTER WANTS THE PAYMENT EVEN BEFORE THE SHIPMENT OF THE PRODUCTS OR GOODS. ppt / . It discusses various pre-export and post-export incentive schemes offered by the central government, including advance authorization, export promotion capital goods scheme, duty drawback, focus market scheme, and market development The cost of administrative overhead is absorbed in the price set for local sales. Export Finance • • The exporter may require short term, medium term or long term finance depending upon the types of goods to be exported and the terms of statement offered to overseas buyer. pptx - Free download as Powerpoint Presentation (. There are five steps to process costing: 1) analyze physical flows, 2 5. In addition to all the various production costs, transportation, customs, marketing, insurance, exporter’s profit margin and other costs must be included in the final landed price. SUMMARY Product costing is the process of tracking and studying all the various expenses that are accrued in the production and sale of a product, from raw materials purchases to expenses associated with transporting the final product to retail establishments. Operating Costing or Service Costing: Where the cost of operating a service such as nursing home, Bus, railway or chartered bus etc. 691 views • 6. EXPORT MARKETING Export marketing means exporting goods to other countries of the world as per the procedures framed by the exporting country as well as by the importing country. • The short-term finance is required to meet “working capital” needs. To do so, just click on the Canva button, select ‘Use template for new design’, click ‘Share’, then ‘See All’, search for ‘PowerPoint’, and click the PowerPoint icon to download a PPT file. The most popular method to calculate the export price of any product is the Cost-Plus Method. Step 1 Study the cost estimation request thoroughly and understand it completely Step 2 Analyze the product and decide the requirements and specifications of the product Step 3 Prepare the list of all the parts of the product and their bill of Materials Step 4 Take make or buy decisions and prepare a separate list of parts to be purchased &manufactured • Step 7 The export firm has to apply to an insurance company for marine/air insurance cover. Pricing your product, giving complete and accurate quotations, choosing the terms of the sale, and selecting the payment method are critical elements to make a profit Tailor pre-designed and editable Export Costing presentation templates and Google slides. Utilize our easy-to-use cost components PPT templates and analyze the cost sheet ratio. Second, exporting is also a way to boost productivity in a firm by increasing Costing-and-Pricing, calculating export price, Gauging the right price, Marginal Costing, Quotation for Export, Traps in Export Costing, This document discusses the importance of understanding costs and pricing strategies for businesses. Costs Fixed, Variable and Total Costs - Costs Fixed Japan and India, with production, revenue, consumption, import and export in these regions, from 2013 to 2018, and forecast to 2025. For the purchase of raw materials/goods, processing them into finished products, storage cost, packing and marking of goods prior to shipment. Price: The amount for which the exporter sells Effective export pricing requires considering full versus variable costs, skimming or penetration approaches, and coping with the unpredictability of foreign environments and their Import/Export Costing • In order to capture costs as accurately as possible, it is useful to cost on a shipment-by-shipment basis. This presentation serves various use cases, making it an essential resource for businesses involved in international trade. Each particular service is treated as separate units in operating costing. com A Sample Format of Costing Sheet Generally there are many ways to find out a standard export order costing. CA Dr Prithvi Ranjan Parhi 9 How to Start Export 10. eg, the cost of 40s Poplin 92 x 88 can vary between Rs 22/mt and Rs 34/mt. Related keywords. Here the costing function of a garment is described below: o Cost of fabric/doz. 692 views • The Export Process PPT PowerPoint Presentation is a comprehensive and fully customizable deck designed to facilitate the understanding and execution of export procedures. Introduction • costing’ refers to the techniques and processes of determining costs of a product manufactured or services rendered. Export costing &pricing (1). • Large Also, the cost sheet helps to show a detailed description of the cost of goods sold. Export is a process in which products are shipped or sent from one country to another country for the purpose of trade or sale; it is the opposite of import. Activity-Based Costing - A presentation on the framework of Activity-Based Costing. The export marketing manager needs to undertake various marketing activities, such as marketing research, product design, branding, packaging, pricing, promotion etc. g 1st Jan to 1st April) where the underlying raw materials change on different 4. Exporters first ascertain production costs The slide illustrates an overview of export pricing and costing to set a price at which product will be sold to the overseas buyers. The beverages you drink might be produced in India, but with the collaboration of a USA company. When the goods are sold, the amount will be transferred to The exporter can, however, take advantage of cost pricing in certain export markets becuase it would be difficult for the import to directly compare the export price with the domestic selling price – but the target markets should be sufficiently divorced from the company’s main markets to prevent price levels in the local markets being Marginal costing : assume Fixed costs will be covered by home market sales Turn-over Home market sales Export sales 7 6 5 4 3 2 1 Margin added Total costs home market Marginal costing: no margin Variable Costs Variable costs export Fixed costs 100 200 300 400 500 600 700 Sales Volume Fixed costs will be covered after + 375 units have been sold basis of terms of sale i. this method of costing is used to ascertain the cost of such particular service. Thane. pdf), Text File (. 2 vasantkothari@gmail. Generally, there are two different points (and two different reasons) for costings: Pre-shipment – estimating what the costs will be Post-shipment – This document discusses international trade concepts including exporting, importing, countertrade, and related financing instruments. Generally, there are two different points (and two different reasons) for costings: Pre-shipment – estimating what the costs will be Post-shipment – calculating actual costs. Step 8 Estimate the machining time for each operations listed in the manufacturing process plan Step 9 Determine the direct labour cost Step 10 Determine the prime cost by adding direct expenses, direct material cost, and Import/Export Costing. It assigns costs equally over the units produced in a period. • There are two main methods of apportioning Export Pricing Strategy. These costs may be of three types. It is widely regarded as an extremely important component in evaluating and planning overall business Session 4 Export Costing - Free download as Powerpoint Presentation (. • It depends on the type of loom whether powerloom, rapier, air-jet, dobby or jacquard This document provides an overview of export incentives available in India to motivate businesses to start exporting. Costs: The total of all expenses associated with producing and selling a product overseas. Advantages of Contract Costing Work can be completed without any delay A contractor can find the total cost of the contract, cost per each element and the amount of profit available from each contract. An exporter can also add extra allowance for profit, in order to cover the risk involved in selling abroad. So build your marketing budget with this . major export marketing efforts get failed due to lack of implementing strategic marketing action plan. 2. The report also estimates 2016-2021 market Materials cost is one of the important elements of cost of product or unit. Logistics for export refers to the complete supply chain channel, including order handling, shipping, inventory management and handling, storage, packing, and clearance of export items. Goal of establishing export costing should be to sell maximum quantity at competitive price with maximum profit margin. If the main objective is to expand production then the costing system should give more attention to production aspect, if the emphasis is to improve marketing of products then that area should be cared well. | PowerPoint PPT 4. 12 4. FEATURES OF EXPORT MARKETING • Systematic Process – Export marketing is a systematic process of developing and distributing goods and services in overseas markets. M u h a m m a d S a j j a d ( M e c h a n i c a l E n g i n e e r ) Muhammad_sajjad@yahoo. All items of cost which are directly related to the contract are chargeable to respective contract accounts. It contains export pricing, export costing and factors Some of the costs specific to export transactions include market research, travel, international communications, production of export literature (including translation), freight forwarding and The Costing for Export module forms part of the fourth stage of learning offered by the TFSA School of Export. Product costing ppt - Download as a PDF or view online for free. 1. e. The tea you drink is prepared 2. For example, costing methods used in a manufacturing business will differ from the methods used in a business that is offering services. It contains export pricing, export costing and factors Export costing should not be confused with pricing. 11) Negotiation with Buyers • After determining the buyer’s interest in the product, future prospects and continuity in business, demand for giving reasonable allowance/discount in price may be considered. It identifies that price is a critical element of marketing that generates revenue. We can integrate Foreign Exchange feeds into the software for export oriented clients to simulate changing FX rates. Dumping gives a hard competition to a domestic goods manufacturer. 11) Negotiation with Buyers 4. (The exporter asks the importer to take marine/ air insurance under cost and freight , free on board etc. The most popular method of doing costing for export is Cost Plus Method. Import/Export Costing. Process costing is a costing method used when homogeneous units are produced continuously in large quantities. It is approved when a firm order • Download as PPT, PDF • 57 likes • 37,830 views. 9. It involves four key steps: 1) planning and market analysis to determine a target selling price, 2) concept development, 3) production design and value engineering to estimate actual costs, 4) continuous improvement to reduce costs if actual costs exceed the target. For material cost control purposes, it is very essential to know the important aspects of material, material control and material purchase control. And the technique is known as standard costing. It constitutes a substantial proportion of the total cost of production. 3. Target costing is a process used early in new product development that focuses on reducing costs. The output of one process becomes the input of the next process and so on until the finished product is obtained. pptx), PDF File (. It outlines both internal factors like costs Key aspects of export management for businesses include identifying export products and markets, conducting SWOT analyses, obtaining necessary licenses, managing The key goal of export costing is to accurately estimate costs while the key goal of export pricing is to maximize profits and market share based on costs and competitor prices. " Export marketing is the practice by which a company Product costing ppt - Download as a PDF or view online for free. In the case of a Nursing Home, a unit is treated as the cost of a bed per day Import/Export Costing. Cost Accounting; insurance Export Costing – Pricing . Free on Board (FOB), Cost, Insurance & Freight (CIF), Cost & Freight(C&F), etc. So Govt. com 3. Letters of credit are described as advantageous for both exporters and importers by guaranteeing payment To optimize your export pricing strategy, understand the total or “landed” cost of your export shipment to a foreign buyer. It defines the different types of costs involved in export costing such as direct costs, indirect costs, fixed overheads, and sales and distribution overheads. The document discusses logistics and supply chain management. This document discusses export pricing strategies. Introduction. ) • Step 8 The exporter contacts the clearing and forwarding agent (C & F) for storing the goods in warehouses. The document discusses export costing and how exporters determine pricing. Pricing exports properly requires analyzing four key elements: costs, market demand, competition, and objectives. Standard costing • It is the preparation of standard costs; • Applying them to measure the variations; • Analysing the causes of variations; • With a view to maintain maximum efficiency in production. In today's competitive world, the garment industry takes a profit of 6-10%. INTRODUCTION Export marketing is not just a process to find buyers/importers and approach them with the expectation of export orders but a well planned strategic marketing process one should follow and performed well to get success in International Market. Pricing and costing are two different things and an exporter should not confuse between the two. 4. Mill-made or powerloom made: • The quality of mill-made fabrics is better than power loom made fabrics in terms of yarn quality; Therefore the cost of fabric is higher. OBJECTIVES When developing an export strategy it is critical to analyze the objectives for entering overseas markets. Buyers often ask for this information when negotiating a purchase and you can provide it on a pro forma invoice. A. com 2. It defines key cost terms like fixed, variable, and semi-variable costs. • The cost of interest charges incurred by the exporters due to delay in payment. imposed duty for import of specified Export Pricing & Costing - Free download as Powerpoint Presentation (. This PPT Template, a complete deck in 17 slides, highlights an export logistic management workflow, documentation requirements, strategies to optimize the 3. Export marketing - Download as a PDF or view online for free • Download as PPT, PDF in e xport marketing Your customers may be confronted with a product which is new to them There is the high costs of Exporting to consider - travel, management time, Agent's fees, shipping goods, duty, import licenses, the problems with paying Baby Nappy Industry Global and Chinese Market Trends, Growth, Forecast and Analysis to 2021 - The statistical analysis of the Baby Nappy Industry report describes the global and Chinese total market of Baby Nappy Industry including capacity, production, production value, cost/profit, supply/demand and Chinese import/export. , terms of contract. Simulations can be highly customizable and can be run across a span of time (e. Garments (woven/knit) or cost of yarn/doz. Study the Product: The study of 2. 11. There is no possibility of incurring loss since all the costs incurred are recovered from the contractee. It provides an overview of why companies export to access new markets and lower costs. Price is what an exporter offer to a customer on The document discusses export costing and how exporters determine pricing. Objectives to be Achieved: The objective to be achieved should be very clear so that a thrust is given to that aspect. Costs include production, transport, taxes, and commissions. • Different methods of costing are required to be used in different types of businesses. Or Garments D : Historical Cost and Replacement Cost :- ♠ Historical cost is the original cost incurred by the firm while purchasing the input in the past. Payment is made by contractee Import-Export: Key Concepts & Procedures - Download as a PDF or view online for free Dumping means exporting goods in a foreign market at a price which is less than their cost of production or below their "fair" market value. Preparing an export costing sheet for every export product is advisable. ♠ Financial accountants, tax authorities are concerned with historical Apparel exports - Download as a PDF or view online for free 423 Marine Insurance 438 INCO Terms 461 Export Costing 541 SEZ 582 EOU & EPZ 595 1 vasantkothari@gmail. 691 views • The usefulness of marginal cost in export pricing is a debatable point. The contribution of fixed cost being a significant factor, it may be argued that the marginal costing system would be relevant only in industries whose capacities are not fully Export costing &pricing (1). | PowerPoint PPT presentation | free to view . The working capital is used to meet regular and recurring needs of a business firm. Download this ready-to-use production cost components PPT slides and assessing the variable costs of each step of production. Kamlesh. txt) or view presentation slides online. It then outlines various export pricing strategies and methods of payment like letters of credit. The contract has a long duration usually extending more than one accounting year. A separate account for each contract. First, firms export to increase profits by tapping new markets or selling products at premium prices. AI-enhanced description. It explains that documentation varies by country, commodity, and situation, but generally outlines the sale, shipment, and responsibilities of parties to ensure complete understanding and avoid delays or costs. . Demand Export Costing. It defines different types of costs like direct, indirect, fixed and 18. txt) or read online for free. It defines price and lists factors that affect export price determination like costs, competition, demand elasticity and government policies. Features of process costing A separate process account is prepared for each process. Demand depends on factors like income levels. ambadesuhas Follow. ujcr zdlm wprh letd xceu ttit qmurc rhmu ryhika wrdawu