Saturday, March 31, 2007

First day of work

The first task that we are asked to do is costing. we are taught to add up the area of the frame on which it is going to be weaved. And from there i was refreshed with my Math skills! If it wasnt for the formula that Sir Nolan handed, we would go nuts! However, we learned that the cost of weaving is computed P5 per square centimeter. And as total, a jar or vase would roughly cost 15-45 pesos. That alone is for the weaving, the others materials and processes are also to be computed and added to the weaving cost that we made.

In this experience I learned the importance of pricing of a product. The exact computation and the fair price given to a product. The right cost of materials, production, transportation(delivery) and all other concerns. This all contributes to a fair market. The product should always serve fairly as it is priced.


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