MSTFD4023
Calculate cost estimates for TCF products


Application

This unit of competency describes the skills and knowledge required to calculate cost estimates for products developed for the textiles, clothing and footwear (TCF) industry, including sample production and bulk production runs.

The unit applies to small to large scale workplaces in the TCF industry, and may involve individual and team activities.

No licensing, legislative or certification requirements apply to this unit at the time of publication.


Elements and Performance Criteria

Elements

Performance Criteria

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Prepare to calculate cost estimates

1.1

Determine job requirements from specifications, job sheets and work instructions

1.2

Identify factors and market forces to consider when costing TCF products

1.3

Identify hidden costs in sample production

1.4

Identify and compare different methods of labour use in the TCF industry

1.5

Identify differences in costs for sample and bulk production items

2. Calculate costs involved in producing TCF products

2.1

Compare fabric and trim of similar garments from different price points within TCF industry, and identify production differences

2.2

Estimate costs of selected fabric and trims for sample items and bulk production

2.3

Review quality standards and desired garment finish to determine labour source

2.4

Calculate labour costs to produce sample garment and for bulk production

2.5

Review and adjust chosen fabric, trims and labour, and calculate revised costs

3. Develop costing sheets to industry standards

3.1

Identify components of costing sheets that meet TCF industry standards

3.2

Complete costing sheets for sample products, incorporating materials, labour and hidden costs

3.3

Develop quotations for bulk production of TCF items

Foundation Skills

Foundation skills essential to performance are explicit in the performance criteria of this unit of competency but not explicit in the performance criteria of this unit of competency.

Reading skills to interpret quality standards and TCF industry standards

Other foundation skills essential to performance are explicit in the performance criteria of this unit.


Sectors

Fashion design and technology