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April 24, 2026 • Rohitashva
How to determine product costing for manufacturing company
Step 5: Determine the selling price:
To determine the selling price, you need to add a profit margin to the total product cost per unit. The profit margin is usually expressed as a percentage of the total cost. For example, if you want to add a 20% profit margin, you will multiply the total product cost per unit by 1.20. Selling price per unit = Total product cost per unit X (1 + Profit margin as a percentage)
In conclusion, product costing is essential for manufacturing concerns to determine the total cost of producing a product and set a selling price that ensures profitability. By following the steps outlined above, you can accurately calculate the total product cost and set a competitive selling price.
Rohitashva Singhvi is a finance professional, entrepreneur, and digital creator based in Abu Dhabi, United Arab Emirates. With strong expertise in accounting, taxation, and financial compliance, he specializes in UAE VAT, Corporate Tax, financial reporting, and business advisory services. He has hands-on experience working with diverse industries, particularly in automotive services, contracting, and commercial enterprises.
Beyond finance, Rohitashva is the founder and driving force behind multiple digital platforms under the Singhvi Online brand, where he focuses on creating high-value content related to finance, business growth, taxation, and digital opportunities. His work aims to simplify complex financial concepts into clear, practical knowledge that helps businesses and individuals make confident financial decisions.
He combines traditional financial discipline with modern digital innovation, leveraging technology, automation, and strategic thinking to build scalable business systems. His mission is to empower businesses with financial clarity, compliance confidence, and long-term growth strategies.
Rohitashva is committed to continuous learning, professional excellence, and creating impactful solutions that bridge the gap between finance, technology, and entrepreneurship.
