Step 1: Calculate Material Cost Per Unit
Unit cost includes the following components:
- Total cost of materials needed to produce your products.
- Total cost of shipping materials from the supplier/manufacturer.
- Total packaging costs for each product.
Material Cost Per Unit: $0.00
Step 2: Calculate Labor Cost Per Unit (Optional)
Enter how much you want to earn per hour. Then, enter how many items you can produce in one hour. The calculator will divide your hourly wage by the number of items per hour.
Labor Cost Per Unit: $0.00
Step 3: Total Cost Per Unit
The total cost per unit is calculated by adding the material cost per unit from Step 1 and the labor cost per unit from Step 2.
Total Cost Per Unit: $0.00
Step 4: Wholesale Price
The wholesale price is typically double the total cost per unit. This ensures you cover expenses and make a profit.
Wholesale Price: $0.00
Wholesale Profit Margin: 0.00%
Step 5: Retail Price
The retail price is usually double the wholesale price, allowing you to price your products competitively while maintaining a good profit margin.
Retail Price: $0.00
Retail Profit Margin: 0.00%
