Excel Costing & Pricing Tool for Handmade Products – Materials-Based Calculator
Originally published: 28/01/2021 13:31
Last version published: 08/05/2025 08:23
Publication number: ELQ-76526-2
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Excel Costing & Pricing Tool for Handmade Products – Materials-Based Calculator

Price your handmade creations with precision using this Excel tool. Calculate cost per unit, set markups, and find the ideal selling price for each product.

Description

Accurate pricing for handmade products — finally simplified. This Excel tool helps crafters, artists, and microbrands calculate the true cost of their creations and determine the ideal selling price with confidence.


The app is built around 3 smart, interactive sheets:



🧾 Materials Costing Sheet

List every raw material used in your products. Enter quantity, buying unit, purchase price, and how it’s used (e.g., per piece, inch, or use). The app calculates precise per-unit cost automatically — even when the purchase and usage units differ. ✔ Supports complex cases like materials measured in yards but used in inches ✔ Allows multiple entries for the same material with different units or suppliers ✔ Automatic updates when base prices or units change



🎯 Product Costing Sheet

Build each product’s full costing by selecting materials, adding labor time, and estimating annual fixed costs (tools, rent, etc.). ✔ Supports markup-based pricing ✔ One-click save to database for future editing ✔ Auto-updates when material data changes



📂 Product Database Sheet

Stores and organizes all your saved product costings in one place. ✔ Easily re-open and edit costings ✔ Tracks all pricing dynamically based on updated costs

This Best Practice includes
1 downloadable .xlsm file in compressed zip format

Acquire business license for $60.00

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Further information

To help handmade business owners accurately calculate material costs and set profitable, competitive prices using Excel

Best suited for handmade creators, Etsy sellers, and small-batch product makers who want precise, Excel-based cost calculations

Not ideal for mobile users or those without access to desktop Excel (macros required). Also not suited for industrial-scale production costing


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