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A Costing Sheet Template will help break down the Product Costs into the costs of Direct Material, Direct Labour, and Overheads. These are the direct costs of producing the product. Failing to do this correctly could mean you are selling your products at a loss.
Even if your Gross Margin is positive, this does not mean you are profitable. This tool helps you take into consideration all potential costs so that you price your products to make a profit.
