Unit of competency Outline

Date retreived
22/07/2026 5:06 AM AWST

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Identify and calculate production costs

Identify and calculate production costs

Unit of competency
National Code
MSFFT4010
State Code
WI459
TGA Status
Replaced
DTWD Status
Replaced
Current Release Number
1.00
Current Release Date
10/12/2013
View on TGA
State Implementation and Classification
Approved Date
20/06/2014
Field of Education
040307 - Building Construction Economics
Original Release Date
20/06/2014
Nominal Hours
36
Description
This unit of competency covers estimating materials, labour and time requirements, and establishing costs for the provision of products, including all overheads in a significant mass production environment. It may involve referral of matters to other enterprise personnel.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1 Gather information
  • 1.1 Details of the particular product and competition products are obtained
  • 1.2 Details of the proposed production operation are obtained and analysed
  • 1.3 Labour unit cost projections are obtained and agreed
  • 1.4 Logistic support contracts, supply agreements or equivalent are obtained and analysed
  • 1.5 Details of proposed warehousing and physical distribution systems and related cost factors are obtained
  • 1.6 Information is converted to usable form and stored ready for retrieval and application
2 Estimate materials and labour
  • 2.1 Types and quantities of materials required for production are estimated and recorded
  • 2.2 Time requirements for production activities and other lead times are estimated
  • 2.3 Labour requirements for direct production and handling operations are estimated and recorded
3 Determine and calculate overheads
  • 3.1 Components contributing to overhead costs are identified
  • 3.2 Overhead costs to be attributed to work in accordance with commercial and enterprise procedures are identified
4 Calculate production costs
  • 4.1 Total materials costs and labour costs are calculated in accordance with enterprise procedures
  • 4.2 Total production cost is calculated, including overheads and mark-up percentages
  • 4.3 Final cost to customer is calculated in conjunction with marketing/sales personnel
5 Document details and verify, where necessary
  • 5.1 Details of costs and charges are documented in accordance with enterprise practice
  • 5.2 Costs, calculations or other details are verified by other enterprise personnel, as required
  • 5.3 Details are documented for future reference in accordance with enterprise practices
No information
No information
Replaces
State Code National Code Title Type
W8647 LMFFT4010B Identify and calculate production costs Unit of competency
Replaced By
State Code National Code Title Type
ODZ80 MSFFDM4007 Identify and calculate production costs Unit of competency