Hello, I am new to the soap making world! I am trying to calculate COGs, and all things cost in Excel to make sure I'm efficient and making a profit.
I currently purchase all oils by weight. (7-8 lbs.) I'm trying to comprehend the difference in net weight and volume...or lbs. vs fl. oz.
I've calculated cost per fl. oz. for each type of oil however I'm stumped when it comes to figuring out how to calculate my cost of each amount of oil per recipe.
Prior, when making my soap, I have always measured by ounces...however I've calculated my cost based on fl. oz.
How would I calculate cost of each oil by specified amount in fluid ounces for each recipe?
Sorry if this is confusing and hopefully I'm not overthinking it!
Thx!![Smile :) :)](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
I currently purchase all oils by weight. (7-8 lbs.) I'm trying to comprehend the difference in net weight and volume...or lbs. vs fl. oz.
I've calculated cost per fl. oz. for each type of oil however I'm stumped when it comes to figuring out how to calculate my cost of each amount of oil per recipe.
Prior, when making my soap, I have always measured by ounces...however I've calculated my cost based on fl. oz.
How would I calculate cost of each oil by specified amount in fluid ounces for each recipe?
Sorry if this is confusing and hopefully I'm not overthinking it!
Thx!