The retail price = required yardage (rounded up to nearest 1/10 yard) x Markup + Set Price.
The pricing default for Fabric is a markup of 3 and a set price of $3.00 on all records in the fabric group. Fabrics are automatically selected to be priced by the linear yard. This pricing does not include a substrate. This pricing is for the fabric only.
|Wholesale Cost||Markup||Set Price|
When creating a new Fabric item in the Price Codes file, the default for pricing will be Linear Yard.
The orientation of the frame affects the pricing of fabric by the linear yard. This is because the required yardage is determined by the grain of the fabric which runs from bolt edge to bolt edge. In almost all situations the grain of the fabric will run horizontally across the frame. The orientation of the frame will determine the required yardage needed to complete the job. Yardage is calculated by the height of the frame and its orientation. The price is calculated based on the length of fabric required. A frame with a vertical orientation requires more yardage than a frame with a horizontal orientation.
Note: Although the UI measurement is the same for both pieces, the frame with the vertical orientation requires more yardage than the horizontal one.
FrameReady allows you to combine two pricing elements; pricing the fabric by one means and the substrate upon which it may be mounted, by another, i.e. a code table. This is done in Price Codes file > Fabric group side bar button > Fabric Pricing tab > select the Combine Formula and Code Pricing check box in the middle of the blue block tab.
It is important to remember to include the substrate in your pricing of fabric wrapped mats and liners either by including it in your pricing or as a stand alone item. Read about both methods below and select which would work best for you.
Substrate price included in the formula
This is the easiest method. In addition to the markup and set price, a Code Table can be added to the pricing to cover the cost of a substrate. The code table is based on a fixed price per UI. You can select an existing code table from the list or create your own. To combine the code table with your existing markup and set price, click on the Combine Formula and Code Pricing box in the middle of the Fabric Pricing tab.
Substrate priced separately
This method has more steps to it. As a stand alone item, the substrate is entered separately on the work order in the matboard field. This prices the substrate exactly for the quality that it is. The fabric is then entered as the second matboard and the word “Fabric” is selected for the reveal amount to indicate that it is wrapped over the previous matboard. (The fabric can be entered above or below the mat it is wrapped over.) You would also need to enter a component in the Mount/Stretch field as well to reflect the cost of glue and labor.
The following screen shows the Glazing/Fabric detail view of the work order. Fit to Frame 2