Summary of Export Price Costing
"...make a product price more attractive to foreign buyer, by quoting FOB price and a named foreign port or city..."
Here are some basic example of how costing can be done in local Malaysian currency and thereafter, can be easily converted to foreign currency for export pricing of product.
1.- Determine Product Cost -in your local currency
2.- Determine Factory Sales Price - in your local currency
3.- Determine Shipping Cost - in your local currency
4.- Total the above costing and convert into foreign current to arrive at your export price in foreign currency
1. Determine the cost of your product by:
a. Materials Cost ............................... = RM ?
b. Labor Cost ..................................... = RM ?
c. Factory overhead ........................ = RM ?
d. Administration Cost...................... = RM ?
e. Selling Costs ................................. = RM ?
(phone, telex, cables, travel etc.)
f. Advertising, catalogues etc. .......= RM ?
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Add up all the above cost
to arrive at your Product Cost
&nbs ...