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Textile Engineering · University course

Textile Costing

Financial and managerial accounting applied to spinning, weaving, dyeing, printing and stitching — from the accounting equation to a full product costing.

26 lectures · 40 live worksheets. Every worksheet is live: blue figures are inputs, grey cells recalculate. Click a lecture below or use the list on the left.

Start with Lecture 01 →

Lectures

Lecture 01Financial Accounting – Introduction

The accounting equation, recording transactions and the trial balance, followed step by step with Ahmed’s cant…

Lecture 02Financial Statements

Balance sheet, profit & loss account, the rules of debit and credit, the journal, the ledger and the trial…

Lecture 03Current Assets & Liabilities

Debtors and creditors, deferrals and accruals, cost of goods sold, and why the way you value inventory changes…

Lecture 04Fixed Assets

What counts as the cost of a fixed asset, the concept of useful life, and three ways to depreciate — straight …

Lecture 05Managerial Accounting – Introduction

Cost objects, cost accumulation and assignment, and the difference between direct and indirect cost.

Lecture 06Unit Costing

Variable and fixed cost, total and unit cost, work in process, and the cost of goods sold for a manufacturer.

Lecture 07Cost-Volume-Profit Relationship

Contribution margin, gross margin, the break-even point and sensitivity analysis.

Lecture 08CVP in Textiles

Contribution margin and break-even applied to a spinning mill, a weaving shed and a dyeing plant.

Lecture 09Costing Systems I — Job Costing

Assigning costs to a distinct job, batch or lot: the six steps, with a 10,000 m printing job.

Lecture 10Costing Systems II — Process Costing

Averaging costs over masses of similar units, with and without work in process — the equivalent-units method a…

Lecture 11Advanced Costing Systems — Activity Based Costing

Why a volume-based allocation hides the true cost of small lots, and how tracing set-up cost per lot changes t…

Lecture 12ABC Uses in Textiles

Set-up cost versus running cost in dyeing and printing, screen costs, colour wastage, and the true cost of sho…

Lecture 13Budgets & Variances

The budgeting cycle, static and flexible budgets, and Level 0 to Level 2 variance analysis for Webb Company.

Lecture 14Budgeting in Textiles — Price & Efficiency Variances

Splitting Webb’s flexible-budget variances for materials and labour into a price part and an efficiency part.

Lecture 15Review of Spinning Calculations

Count, ounces per spindle, bags per frame, cotton cost per lb and the adjusted cost of carded and combed yarn …

Lecture 16Simple Yarn Costing

Raw material, variable production and export costs, contribution per bag and per frame for an export yarn orde…

Lecture 17Optimal Yarn Mix

Allocating 46 frames among six counts to maximise contribution, within the limit of 780 bags of daily shipment…

Lecture 18Review of Weaving Calculations I

Denier, fabric weight and the yarn cost per yard and per metre of grey fabric, including contraction, wastage …

Lecture 19Review of Weaving Calculations II

Loom production per day, B-grade adjustment, sizing and packing cost — the variable production cost of one met…

Lecture 20Simple Fabric Costing

Container loading, export costs per metre, sale proceeds and the contribution per metre and per loom per day f…

Lecture 21Simple Dyed Fabric Costing

From local grey price through wastage, dyeing charges and export costs to the US-dollar price a dyed fabric mu…

Lecture 22Concept of Routes

Different process routes for the same dyed fabric cost very different amounts; building the per-metre cost of …

Lecture 23Plant Machinery Analysis

Capacity of each machine in a finishing plant: speed, set-up time, efficiency, double passes and the share of …

Lecture 24Final Dyeing Costing

Fixed cost, utilities and dyes per metre for every process, assembled for an order of a given size and shade d…

Lecture 25Stitching Costing I — Linear Rating

How many metres of fabric does one sheet, fitted sheet or pillow case consume? Cut lengths, hems, margins and …

Lecture 26Stitching Costing II — Order Costing

A made-up order from fabric consumption to profit: linear rating, B-grade and rag proceeds, accessories, labou…

Original lecture files

The classic course page with all the original lecture files is still available: Textile Costing — all lecture files ↗.