The previous cost-of-a-quilt form came well after the one I often post (found in the late 1990s online, author unknown)....I admit to updating the prices every few years.
One thing I strongly urge you to do is to make a both-signed written contract with anyone asking you to do this work. Include the design, the colors, the method of working (hand or machine piecing/quilting), who will quilt it, when the project will be due -- that sort of thing. Then ask for enough up front to cover the cost of the fabric and batting; the balance to be paid on their receiving the quilt. If there should be a dispute over the finished product, you will not be out the monetary expense of the project.
Jan in VA
What It Really Costs To Make a Quilt
QUEEN SIZED, MACHINE PIECED, HAND QUILTED
MATERIALS:
Fabric 12-16 yards @ $9per yd. $108 - $144
Batting $25 - $40
Thread $8 - $16
Total $ invested $141 - $200
LABOR HOURS:
Piecing 20 to 60 hours
“Setting” (designing your quilt) 10 to 20 hours
Quilting 100 to 750 hours
Total hours invested 130 to 810 hours
TOTAL COST
Paying $1 per hour (Would you do this type of work for $1 an hour?!)
Materials $141 - $200
Labor $130 - $810
Total $271 - $1070
Paying minimum wage $7.25 (by law in 6/2009)
Materials $141 - $200
Labor (130-810hrs) $942.50 - $5872.25
Total 1083.50 - $6072.25
Paying skilled labor wage $20 per hour (Don't you consider yourself trained and skilled in this craft?)
Materials $141 - $200
Labor (130-810hrs) $2600 - $16,200
Total $2741 - $16,400
(Found on the Internet 1995; unknown author) I can see I need to readjust $$ again.