Determine retail rates for work

Formats and tools

Unit Description
Reconstruct the unit from the xml and display it as an HTML page.
Assessment Tool
an assessor resource that builds a framework for writing an assessment tool
Assessment Template
generate a spreadsheet for marking this unit in a classroom environment. Put student names in the top row and check them off as they demonstrate competenece for each of the unit's elements and performance criteria.
Assessment Matrix
a slightly different format than the assessment template. A spreadsheet with unit names, elements and performance criteria in separate columns. Put assessment names in column headings to track which performance criteria each one covers. Good for ensuring that you've covered every one of the performance criteria with your assessment instrument (all assessement tools together).
Wiki Markup
mark up the unit in a wiki markup codes, ready to copy and paste into a wiki page. The output will work in most wikis but is designed to work particularly well as a Wikiversity learning project.
Evidence Guide
create an evidence guide for workplace assessment and RPL applicants
Competency Mapping Template
Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners. A template for developing assessments for a unit, which will help you to create valid, fair and reliable assessments for the unit, ready to give to trainers and students
Observation Checklist
create an observation checklist for workplace assessment and RPL applicants. This is similar to the evidence guide above, but a little shorter and friendlier on your printer. You will also need to create a seperate Assessor Marking Guide for guidelines on gathering evidence and a list of key points for each activity observed using the unit's range statement, required skills and evidence required (see the unit's html page for details)

Self Assessment Survey
A form for students to assess thier current skill levels against each of the unit's performance criteria. Cut and paste into a web document or print and distribute in hard copy.
Moodle Outcomes
Create a csv file of the unit's performance criteria to import into a moodle course as outcomes, ready to associate with each of your assignments. Here's a quick 'how to' for importing these into moodle 2.x
Registered Training Organisations
Trying to find someone to train or assess you? This link lists all the RTOs that are currently registered to deliver AURA454516A, 'Determine retail rates for work'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Reference books for 'Determine retail rates for work' on This online store has a huge range of books, pretty reasonable prices, free delivery in Australia *and* they give a small commission to for every purchase, so go nuts :)

Elements and Performance Criteria



1. Determine fixed costs

1.1. Identify components of fixed costs

1.2. Use historical records and business knowledge to estimate fixed costs for next period

1.3. Calculate administrative and business operation overhead costs

1.4. Allocate proportion of fixed cost to be included in labour rate

2. Determine labour rate

2.1. Identify cost components of labour rate

2.2. Using historical records identify average chargeable hours of each category of staff

2.3. Calculate subcontractor cost component of jobs

2.4. Calculate applicable hourly retail rate for labour, including provision for fixed costs

3. Determine variable cost

3.1. Identify components of variable cost for job

3.2. Estimate and record materials required for the job

3.3. Use accounting records and details of job undertaken to calculate variable cost

4. Determine retail price of goods for resale

4.1. Research local market price for items

4.2. Estimate turnover volume of items

4.3. Calculate margins and mark-ups for each category of goods

4.4. Calculate effect of various discounts, loss leaders and specials on items based on retail price, volume and overall business flow-on

4.5. Calculate effect of high pricing strategy on some items

4.6. Monitor effects of price changes on business levels and profitability

Qualifications and Skillsets

AURA454516A appears in the following qualifications:

  • MSA40710 - Certificate IV in Recreational Vehicle and Accessories Retailing
  • AUR31205 - Certificate III in Automotive Retail, Service and Repair
  • AUR30105 - Certificate III in Automotive Administration
  • AUR50105 - Diploma of Automotive Management
  • AUR40105 - Certificate IV in Automotive Management