Costing and Pricing

FCL College Wembley

Training

Blended learning in Wembley

£ 220 VAT inc.

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Description

  • Type

    Training

  • Level

    Advanced

  • Methodology

    Blended

  • Location

    Wembley

  • Class hours

    6h

  • Duration

    1 Month

  • Start date

    Different dates available

Costing and Pricing

A very hands on, practical course, we deal with real scenarios and help demystify some of the complexities around costing and pricing, so you get the best possible results.
Show your employer you get this, or make it count for your business and you’ll never look back.
If you’re responsible for sales or book-keeping and accounts this mantra is key: ‘Turnover is Vanity, Profit is Sanity’
Our course takes a fine toothcomb through the ins and outs of how to make more profit, through effective costing of jobs and shows you how to use Microsoft Excel to help make calculations.
If you work in book-keeping or accounts or are a small business owner and need to know how to charge out time for staff, how to calculate profit on a job, or project profit in the next year’s turnover, this course is for you.
Similarly, if you’re a garage owner who needs to cost out parts and labour; a wholesaler struggling to make profit due to squeezes on margins; or a manufacturer trying to find the optimum price for their products, this course can help.

Important information

Government funding available

Facilities

Location

Start date

Wembley (Middlesex)
Hazel House 1-3 Lancelot Road, HA0 2AL

Start date

Different dates availableEnrolment now open

About this course

To understand how to accurately cost and price products and services in order to help make a business profitable

Individuals who need to know how to use pricing strategies and different pricing methods in order to set the right price for their service or product

Experience of Microsoft Excel

Tutorled Training with high quality training materials. Our tutors will help to you to achieve your goal, motivating you and supporting you through out the training process.

During Enrolment, you will have an interview and/or assessment with Course Advisor to make sure that the course you have chosen is right for you. During this process we will also check your exam certificates and discuss which course is suitable for you.

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Reviews

Subjects

  • Accounts
  • Excel
  • Payroll
  • Sage
  • Payroll Software
  • MS Excel
  • Tax
  • Business
  • Costing and Pricing
  • Profitability

Teachers and trainers (2)

Darshana Edirisinghe

Darshana Edirisinghe

Centre Supervisor

Jiten Patel

Jiten Patel

Centre Supervisor

Course programme

Course Content

Lesson One: What to consider when pricing a product, factors which affect the profitability of a business. Common price-setting strategies, factors which influence the customer’s decision to buy. Ways to check that the price is right, how increasing or decreasing selling price affects profit, ways to market and sell products, defining direct costs and indirect costs, recovering costs.

Lesson Two: Examples of a service business, identifying overheads of a typical service business, calculating a suitable hourly rate, defining fixed costs, variable costs and semi-variablecosts, understanding the break-even point on a graph, formula to calculate the break-even point, limitations of break-even analysis.

Lesson Three: What ‘contribution’ is and how it is calculated, how fixed costs, variable costs, selling price and profit interact, using Excel to carry out appropriate calculations, how contribution theory can help to make business decisions, setting out and interpreting a marginal cost statement, understanding what is meant by ‘absorption costing’

See related categories

Costing and Pricing

£ 220 VAT inc.

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