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Evidence Guide: MSTFD4004 - Calculate cost estimates for fashion products

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

 

MSTFD4004 - Calculate cost estimates for fashion products

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

Determine job requirements

  1. Follow standard operating procedures (SOPs)
  2. Comply with work health and safety (WHS) requirements at all times
  3. Use appropriate personal protective equipment (PPE) in accordance with SOPs
  4. Determine job requirements from specifications, job sheets or work instructions
Follow standard operating procedures (SOPs)

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Comply with work health and safety (WHS) requirements at all times

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Use appropriate personal protective equipment (PPE) in accordance with SOPs

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Determine job requirements from specifications, job sheets or work instructions

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Prepare to calculate cost estimates

  1. Identify factors and market forces to consider when costing fashion products
  2. Identify hidden costs in sample production
  3. Identify and compare different methods of utilising labour in the fashion industry
  4. Identify differences in costs for sample and bulk production garments
Identify factors and market forces to consider when costing fashion products

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify hidden costs in sample production

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify and compare different methods of utilising labour in the fashion industry

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify differences in costs for sample and bulk production garments

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Calculate costs involved in producing fashion products

  1. Compare fabric and trim of similar garments from different price points within fashion industry and identify any production differences
  2. Estimate costs of selected fabric and trims for sample garments and bulk production
  3. Consider quality standards and desired garment finish to determine labour source
  4. Calculate labour costs to produce sample garment and for bulk production
  5. Review and adjust chosen fabric, trims and labour, if necessary, and calculate revised costs
Compare fabric and trim of similar garments from different price points within fashion industry and identify any production differences

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Consider quality standards and desired garment finish to determine labour source

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Calculate labour costs to produce sample garment and for bulk production

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop costing sheets to industry standards

  1. Identify components of costing sheets to meet fashion industry standards
  2. Complete a costing sheet for a sample garment
  3. Develop a quotation for bulk production
Identify components of costing sheets to meet fashion industry standards

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Complete a costing sheet for a sample garment

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop a quotation for bulk production

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

Elements describe the essential outcomes.

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

1

Determine job requirements

1.1

Follow standard operating procedures (SOPs)

1.2

Comply with work health and safety (WHS) requirements at all times

1.3

Use appropriate personal protective equipment (PPE) in accordance with SOPs

1.4

Determine job requirements from specifications, job sheets or work instructions

2

Prepare to calculate cost estimates

2.1

Identify factors and market forces to consider when costing fashion products

2.2

Identify hidden costs in sample production

2.3

Identify and compare different methods of utilising labour in the fashion industry

2.4

Identify differences in costs for sample and bulk production garments

3

Calculate costs involved in producing fashion products

3.1

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

3.2

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

3.3

Consider quality standards and desired garment finish to determine labour source

3.4

Calculate labour costs to produce sample garment and for bulk production

3.5

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

4

Develop costing sheets to industry standards

4.1

Identify components of costing sheets to meet fashion industry standards

4.2

Complete a costing sheet for a sample garment

4.3

Develop a quotation for bulk production

Required Skills and Knowledge

Elements describe the essential outcomes.

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

1

Determine job requirements

1.1

Follow standard operating procedures (SOPs)

1.2

Comply with work health and safety (WHS) requirements at all times

1.3

Use appropriate personal protective equipment (PPE) in accordance with SOPs

1.4

Determine job requirements from specifications, job sheets or work instructions

2

Prepare to calculate cost estimates

2.1

Identify factors and market forces to consider when costing fashion products

2.2

Identify hidden costs in sample production

2.3

Identify and compare different methods of utilising labour in the fashion industry

2.4

Identify differences in costs for sample and bulk production garments

3

Calculate costs involved in producing fashion products

3.1

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

3.2

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

3.3

Consider quality standards and desired garment finish to determine labour source

3.4

Calculate labour costs to produce sample garment and for bulk production

3.5

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

4

Develop costing sheets to industry standards

4.1

Identify components of costing sheets to meet fashion industry standards

4.2

Complete a costing sheet for a sample garment

4.3

Develop a quotation for bulk production

Evidence required to demonstrate competence in this unit must be relevant to and satisfy all of the requirements of the elements and performance criteria, and include:

reading and following work instructions, standard operating procedures (SOPs) and safe work practices

applying relevant standards

estimating costs of selected fabric and trims for sample garments and bulk production

calculating labour costs to produce sample garment and for bulk production

completing a costing sheet with relevant details, including costings of all relevant components, for a sample garment to industry standard

developing a quotation for a fashion product with details of all relevant costings of all relevant components for bulk production.

Evidence must be provided that demonstrates knowledge of:

work instructions, SOPs and safe work practices

relevant Australian Standards

industry standards for costing specifications

factors and market forces to consider when costing fashion products:

market demand for fashion labels

known versus unknown designer

trends

price range

hidden costs:

sample garments not being included in costing of bulk garments

wastage of fabric and materials

transport and delivery

time delay in client response or payment

range of typical garment fabrics, including weight and other characteristics

different methods of utilising labour in the fashion industry

designers

machinists

sample machinists

cutters

marker makers

patternmakers

quality controllers

pressers

packaging

marketing and sales

transportation

components of a costing sheet, including:

date

style/design number

size

fabrics/linings

trims

extras (e.g. pleating and embroidery)

labour/cut make and trim (CMT)

freight/shipping

packaging

overheads

labels

fabric swatch

flat trade sketch.

Range Statement

This field allows for different work environments and conditions that may affect performance. Essential operating conditions that may be present (depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts) are included.

Workplace procedures include one or more of the following:

requirements prescribed by legislation, awards, agreements and conditions of employment

SOPs

work instructions

oral, written and visual communication

quality practices, including responsibility for maintenance of own work quality and contribution to quality improvement of team or section output

housekeeping

tasks related to environmental protection, waste disposal, pollution control and recycling

WHS practices

Australian Standards include:

the relevant industry or Australian Standards that are current at the time this unit is being undertaken

Factors to consider when costing include one or more of the following:

variable costs (e.g. fabric and labour)

fixed costs (e.g. overheads)

single or small runs

bulk production

profit margin

Costs include the following:

fabrics

trims and accessories

materials

time

labour

overheads

Different methods of utilising labour include one or more of the following:

cut, make and trim (CMT)

subcontractors

offshore production