I do allot of twin or lap quilts for family who order...You can never make money off friends and family so I charge the cost of supples and then just double it for labor...Yes, that's way cheap but I do allot of selling and you will never get the amt of worth you put into something so time consuming...you really have to look at it as "you love doing it" and you love making things for friends and family"
So as an ex....I did a very detailed horse applique twin size for my sister in law...Got all my supplies with coupons at Joann's all cost 30.00 so I charged 60.00 total.