Enhanced descriptions from Syndetics:

Costing for the Fashion Industry offers a clear, concise examination of the issues involved in budgeting and costing for the rapidly changing fashion industry. Accessibly written and designed specifically for the teaching of fashion-related subjects, it encourages a realistic awareness of costing, manufacture and sourcing.
Each chapter focuses on a theme such as the changing nature of cost and of the industry, time constraints, global awareness and new markets, and product cost and sourcing. The chapters include exercises to reinforce learning, as well as case studies and guides to further learning. Michael Jeffrey and Nathalie Evans combine many years of teaching and practical experience in accounting, buying and production for the fashion industry. This practical, easy-to-use textbook will enable students of fashion to successfully put into practice the basic costing methods appropriate to the fashion industry.

Table of contents provided by Syndetics

• Introduction (p. xi)
• 1 The Nature of Clothing Manufacture and the Need for Costing (p. 1)
• Introduction (p. 1)
• What Is Clothing Manufacture? (p. 1)
• Two Important Questions (p. 2)
• From Manufacture to Sourcing (p. 4)
• Exercises and Activities (p. 5)
• 2 The Elements of Cost (p. 7)
• Introduction (p. 7)
• Classification of Cost (p. 7)
• Direct Costs (p. 8)
• Indirect Costs-The Overheads (p. 13)
• Summary of the Elements of Cost (p. 15)
• Exercises and Activities (p. 15)
• 3 Costing Over Periods of Time (p. 21)
• Introduction (p. 21)
• Period Cost Reports (p. 21)
• Capital Equipment Costs (p. 22)
• Depreciation: The Straight-Line Method (p. 23)
• Stocks and Inventory (p. 25)
• Value of the Work in Progress (p. 28)
• Period-End Adjustments (p. 29)
• Exercises and Activities (p. 32)
• 4 Product Cost-Job Costing (p. 37)
• Introduction (p. 37)
• What Is Job Costing? (p. 37)
• Treatment of the Direct Costs (p. 37)
• Treatment of the Overheads (p. 39)
• Absorption of Production Overheads (p. 40)
• Cost Centres (p. 42)
• Absorption of Non-Production Overheads (p. 42)
• Example of a Job Cost (p. 43)
• Over-and Underabsorption of Overheads (p. 44)
• Process Costing (p. 46)
• Exercises and Activities (p. 47)
• 5 Global Awareness and New Markets (p. 51)
• Introduction (p. 51)
• The Global Supply Chain (p. 51)
• Barriers and Facilitators in Market-Entry Strategies (p. 52)
• Global Communication (p. 52)
• Purchase Order (p. 53)
• Lead Times (p. 55)
• Critical Path (p. 59)
• Exercise (p. 60)
• 6 Product Cost When Sourcing (p. 61)
• Introduction (p. 61)
• Global Sourcing (p. 61)
• Range Planning (p. 62)
• Factories (p. 63)
• Shipping and Incoterms (p. 63)
• Exercise: Overseas Cost Sheets (p. 66)
• 7 Marginal Costing (p. 71)
• Introduction (p. 71)
• Variable Costs (p. 71)
• Fixed Costs (p. 72)
• Semi-Variable Costs (p. 72)
• Contribution (p. 73)
• Treatment of the Semi-Variable Costs (p. 75)
• Case Study (p. 76)
• Exercises and Activities (p. 78)
• 8 Break-Even Analysis (p. 83)
• Introduction (p. 83)
• Establishing the Break-Even Point (p. 83)
• Break-Even Tabulation (p. 83)
• Break-Even Chart (p. 85)
• Margin of Safety (p. 87)
• Profit/Volume Chart (p. 88)
• Break-Even Point by Calculation (p. 88)
• Break-Even Illustration (p. 89)
• Exercises and Activities (p. 91)
• 9 Budgeting and Standard Costing (p. 93)
• Introduction (p. 93)
• Budgeting (p. 93)
• The Cash Budget (p. 94)
• Sales Lag (p. 96)
• Flexible Budgets (p. 97)
• Zero-Based Budgeting (p. 98)
• Standard Costing (p. 99)
• Variance Analysis (p. 99)
• Direct Materials (p. 101)
• Causes of Direct Materials Variances (p. 103)
• Direct Labour (p. 104)
• Causes of Direct Labour Variances (p. 106)
• Overheads in Standard Costing (p. 107)
• Advantages and Disadvantages of Standard Costing (p. 107)
• Exercises and Activities (p. 108)
• 10 The Changing Nature of Cost (p. 111)
• Introduction (p. 111)
• From Traditional to Advanced Manufacturing Technology (p. 111)
• Just-in-Time (p. 113)
• Component Manufacture and Assembly (p. 113)
• Summary of Changes in Costs with the Move into Advanced Technology (p. 114)
• Cost Behaviour Change (p. 116)
• Service Industries (p. 116)
• Activity-Based Costing (p. 116)
• Exercises and Activities (p. 117)
• 11 Activity-Based Costing (p. 119)
• Introduction (p. 119)
• Activity-Based Costing (p. 119)
• Advantages and Disadvantages of ABC (p. 125)
• Activity-Based Budgeting (p. 126)
• Exercises and Activities (p. 126)
• 12 Capital Investment Decisions (p. 131)
• Introduction (p. 131)
• The Capital Cost (p. 131)
• Accounting Rate of Return (p. 132)
• Net Cash Inflows (p. 133)
• Payback Period (p. 133)
• Discounted Cash Flow (p. 135)
• Discounted Payback Period (p. 136)
• Conclusions (p. 139)
• Exercises and Activities (p. 141)
• Bibliography (p. 147)
• Answers to Exercises (p. 149)
• Index (p. 167)