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Evidence Guide: MSTFD4023 - Calculate cost estimates for TCF 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

 

MSTFD4023 - Calculate cost estimates for TCF products

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

Prepare to calculate cost estimates

  1. Determine job requirements from specifications, job sheets and work instructions
Determine job requirements from specifications, job sheets and work instructions

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify factors and market forces to consider when costing TCF products

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify hidden costs in sample production

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify differences in costs for sample and bulk production items

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Calculate costs involved in producing TCF products

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Review 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, and calculate revised costs

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop costing sheets to industry standards

  1. Identify components of costing sheets that meet TCF industry standards
Identify components of costing sheets that meet TCF industry standards

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop quotations for bulk production of TCF items

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Required Skills and Knowledge