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Evidence Guide: MEM30023 - Prepare a simple cost estimate for a manufactured product

Student: __________________________________________________

Signature: _________________________________________________

Tips for gathering evidence to demonstrate your skills

The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!

From the Wiki University

 

MEM30023 - Prepare a simple cost estimate for a manufactured product

What evidence can you provide to prove your understanding of each of the following citeria?

Prepare a simple cost estimate

  1. Identify relevant costing data and interpret from the estimate documents
  2. Obtain organisational production costs from relevant sources
  3. Prepare cost estimates in accordance with organisational guidelines
  4. Obtain assistance and/or approval from supervisor for estimates prepared
  5. Source actual cost information from previous estimates
  6. Compare actual costs with estimated cost to identify deviations and report as fractions or percentages
  7. Prepare a report for supervisors that explains deviations
Identify relevant costing data and interpret from the estimate documents

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Obtain organisational production costs from relevant sources

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Prepare cost estimates in accordance with organisational guidelines

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Obtain assistance and/or approval from supervisor for estimates prepared

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Source actual cost information from previous estimates

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Compare actual costs with estimated cost to identify deviations and report as fractions or percentages

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Prepare a report for supervisors that explains deviations

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Required Skills and Knowledge