Costing and Pricing
Training
Blended learning in Wembley
Description
-
Type
Training
-
Level
Advanced
-
Methodology
Blended
-
Location
Wembley
-
Class hours
6h
-
Duration
1 Month
-
Start date
Different dates available
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
Start date
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.
Reviews
Subjects
- Accounts
- Excel
- Payroll
- Sage
- Payroll Software
- MS Excel
- Tax
- Business
- Costing and Pricing
- Profitability
Teachers and trainers (2)
Darshana Edirisinghe
Centre Supervisor
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’
Costing and Pricing