Application
This unit describes the skills and knowledge required to calculate costs and set prices of meat and meat products.
This unit is applicable to workers in meat retail operations.
All training must be conducted in accordance with Australian meat industry standards and regulations.
All work should be carried out to comply with workplace requirements.
This unit applies to individuals who work under broad direction and take responsibility for their own work.
No occupational licensing, legislative or certification requirements are known to apply to this unit at the time of publication.
Elements and Performance Criteria
Element | Performance criteria |
Elements describe the essential outcomes. | Performance criteria describe the performance needed to demonstrate achievement of the element. |
1. Cost product | 1.1 Calculate cost price of product |
2. Price product to achieve business goals | 2.1 Calculate prices to achieve enterprise sales, stock and profitability targets |
Evidence of Performance
Evidence must demonstrate the candidate's consistency of performance over time.
The candidate must:
alter electronic scales to show correct sales price
apply mathematical skills appropriate to the task
calculate margins required to return gross profit targets
calculate product cost price based on invoice price and cost price based on yield
calculate sale price to achieve required return according to enterprise targets and goals
explain concepts of 'break even point', and 'gross' and 'net profit' margins
apply relevant workplace health and safety , regulatory and workplace requirements
identify overhead cost per kilogram
mark ticket prices to show correct sales price
use communication skills relevant to the task
Evidence of Knowledge
The candidate must demonstrate a factual, technical, procedural and theoretical knowledge of:
concepts of 'break even point', and 'gross' and 'net profit' margins
reasons for prices calculated to achieve more than or less than gross profit margin
relevant workplace health and safety, regulatory and workplace requirements
elements contributing to the total cost of the product (total cost of purchase, preparing or selling product)
Assessment Conditions
Competency must be demonstrated over time and under typical operating conditions for the enterprise.
Assessment must occur in the workplace under normal operating conditions or in a simulated environment.
The following three forms of assessment must be used:
quiz of underpinning knowledge
demonstration in the workplace or simulated environment
workplace referee or third-party report of performance over time
Assessors must satisfy current standards for RTOs.
Foundation Skills
Foundation Skills essential to performance are explicit in the performance criteria of this unit of competency.