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Class 11, Class 11 (Social impact (If your product is not affordable you…
Class 11
Class 11
Social impact
If your product is not affordable you can offer a free product with your product
Should be unique and inexpensive
Hafsa
Project name
Herbal medicine
Product name
Herbal vinegar
Sania
Project name
No worry to luggage / Saamaan se bekhabar
Product name
Automatic briefcase
Huma
Product name
Friendly shoppers bags
Project name
No more plastic bags
Arifa
Project name
Easy to measure
Product name
Digital measure spoon
Sehrish Qazi
Project name
Hijabi's (covering with faith)
Product name
Ready to wear hijab
After costing we have to review costing that is re-budgeting
While cutting cost social impact should not be minimized, it should be maximum
Costing
Solar Lamp
She has to bring down the cost of lamp to Rs. 250
Total payroll
100000
Assistants
10000 (2 assistants)
Engineers
35000 (2 engineers)
Rs.1000 per lamp (initial cost)
Costing of students discussed in the class
Solar Power Bank
Box printing
50*20= 1000
Rubber Cover
Decent & metallic
250*20= 5000
Funky color
150*20= 3000
Hard Plastic sheet
10.5*13.5 inch= 400
Transportation
2000
Battery
200*20= 2000
Data cable
Small
40*20= 800
Long
80*20= 1600
Connecting wire
5*40= 200
Backyard Manufacturing
Smolding iron
250
1 solar plate
500*20= 10000
Costing of students discussed in the class
Herbal Vinegar
Marketing strategy
Promotion
50000
Plot
3000
Packaging
30 per bottle
Shop rent
5000 (monthly)
Lab testing
12 samples (120)= 1440
Sugarcane juice
40 (100 ltr) = 4000
Herbs
1000*10= 10000
Cover kit
3000*3= 9000
Pesticides
2000
6/6 Room= 3 cover room
4000*3= 12000
Now at this point I learned costing
Information gathering cost is not included in costing
After calculating product cost we have to decide profit margin