And add your shoe size for good measure..gota make a buck some howcharge full price and add 20% on top that for handling
Full price plus markup and cutting charge. Funny thing about the gravy that Gino mentions. I always get the client that needs signs exactly one inch bigger than the drops.
Why would them knowing the cost of a base material matter 1 iota to your pricing structure?I find it’s important to differentiate scrap from waste because they mean something very different as far as cost accounting. Usable scrap is returned to inventory. Inventory has a particular markup but all inventory does not necessarily have the same markup. Unusable scrap is passed along to the customer as part of their cost. “Waste” is on the company.
So, I can’t charge for “waste” but I have to charge for “unusable scrap” in some way. Commodity material costs are easily known by my customers so that fact affects my markup rate for those materials.