Industrial Product Pricing Template for Target-Costing in Excel

Key benefits & value for your team

This industrial product pricing template turns complex cost structures into a straightforward decision tool. It is built to support the full target‑costing cycle: capture material and processing costs, allocate overheads, define target margin and derive a recommended sales price. The result is faster, consistent pricing that can be shared with procurement, production and sales.

What you gain

• Time savings: Replace repetitive workbook assembly with structured worksheets — reduce time to generate a new product quote from hours to minutes.
• Consistency: Standard formulas and highlighted input cells reduce calculation errors and make reviews faster.
• Scenario analysis: Built-in sensitivity tables let you see the margin impact of changes in material, labor or overhead rates.
• Scalability: Add multiple SKUs, alternate routings or plant-specific costs without breaking formulas.
• Local fit: Includes VAT/tax fields and currency conversion to match Egyptian manufacturing practices and regional reporting needs.

Use cases & real-life scenarios

Below are practical examples of how accounting teams and production managers use the template day-to-day.

New product launch

Finance inputs BOM and expected cycle times, sets a target margin, and the template calculates the required selling price and highlights which cost elements must be reduced to meet target-costing objectives.

Quotation for a large order

Sales needs a firm quote for a customized product. The analyst duplicates the SKU, adjusts material prices and batch size, and delivers a quote with a verified margin and break-even analysis.

Monthly product mix review

Controller aggregates unit costs across lines and identifies loss-making items or opportunities to increase volumes where fixed cost absorption improves margins.

Who is this product for?

Designed specifically for:

• Manufacturing accountants and cost controllers seeking accurate cost allocation.
• Data analysts preparing operational reports or pricing models using Excel.
• Small and medium manufacturers that prefer Excel-based tools before investing in ERP pricing modules.
• Consultants and auditors who need transparent, portable pricing schedules for client work.

How to choose the right version

We provide flexible options depending on your needs:

• Standard: Single-plant, single-currency, core BOM and routing sheets — best for small workshops.
• Advanced: Multi-plant, currency conversion, VAT/tax handling and sensitivity analysis — suitable for manufacturers with several sites.
• Custom (hourly service): Full customization, data import, VBA automation or dashboard creation through ProXlsx hourly services — ideal when you need integration with ERP or bespoke reports.

If you’re unsure, choose Standard and request on-demand customization later — ProXlsx supports hourly implementation and quick turnarounds for Egyptian companies and consultants.

Quick comparison with typical alternatives

When deciding between options, consider:

• Manual spreadsheets: Cheap but error-prone and hard to scale — our template reduces risk with structured inputs and locked formulas.
• ERP pricing modules: Powerful but costly and slow to implement — the Excel template provides immediate value at a fraction of the cost.
• Custom development: Fully tailored but expensive — ProXlsx offers a middle path: a professional template plus optional hourly custom work.

Best practices & tips to get maximum value

1. Start with a pilot SKU: validate assumptions and align definitions (materials, scrap, indirects) with production teams.
2. Keep inputs separated and locked: only change highlighted cells to avoid accidental formula edits.
3. Use scenario tabs for “best”, “expected” and “worst” cases — compare with the sensitivity report before approving prices.
4. Document cost drivers and version changes inside the workbook to keep your auditors and managers aligned.
5. Take advantage of ProXlsx hourly customization if you need automation (import, consolidation, or dashboards).

Common mistakes when buying or using pricing templates — and how to avoid them

• Using outdated cost rates: Set a routine to refresh material and labor rates monthly.
• Mixing inputs and formulas: Use separate input sheets and protect formula areas.
• Ignoring non-variable costs: Properly allocate fixed overheads by expected volume to avoid underpricing.
• Skipping sensitivity checks: Always run margin sensitivity to understand risk before committing to a target price.

Product specifications

• File format: .xlsx (compatible with Excel 2016, 2019, 365)
• Sheets included: Inputs, BOM, Routing, Overhead Allocation, Unit Cost Rollup, Pricing Summary, Sensitivity Analysis, Printable Report
• Features: Scenario manager, currency conversion, VAT/tax fields, cost-driver settings, protected formula areas
• Localization: Arabic/English labels available for Egyptian users on request
• Support: Template documentation and quick-start guide included; customization available on an hourly basis
• Delivery: Instant digital download after purchase

Frequently asked questions