Identify and calculate production costs

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 LMFFT4010B, 'Identify and calculate production costs'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Reference books for 'Identify and calculate production costs' 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. Gather information

1.1. Details of the particular product and competition products are obtained

1.2. Details of the proposed production operation are obtained and analysed

1.3. Labour unit cost projections are obtained and agreed

1.4. Logistic support contracts, supply agreements or equivalent are obtained and analysed

1.5. Details of proposed warehousing and physical distribution systems and related cost factors are obtained

1.6. Information is converted to usable form and stored ready for retrieval and application

2. Estimate materials and labour

2.1. Types and quantities of materials required for production are estimated and recorded

2.2. Time requirements for production activities and other lead times are estimated

2.3. Labour requirements for direct production and handling operations are estimated and recorded

3. Determine/calculate overheads

3.1. Components contributing to overhead costs are identified

3.2. Overhead costs to be attributed to work in accordance with commercial and enterprise procedures are identified

4. Calculate costs

4.1. Total materials costs and labour costs are calculated in accordance with enterprise procedures

4.2. Total production cost is calculated, including overheads and mark-up percentages

4.3. Final cost to customer is calculated in conjunction with marketing/sales personnel

5. Document details and verify where necessary

5.1. Details of costs and charges are documented in accordance with enterprise practice

5.2. Costs, calculations or other details are verified by other enterprise personnel, as required

5.3. Details are documented for future reference in accordance with enterprise practice

Qualifications and Skillsets

LMFFT4010B appears in the following qualifications:

  • LMF60308 - Advanced Diploma of Furniture Design and Technology
  • LMF50202 - Diploma of Furnishing Technology
  • LMF40308 - Certificate IV in Musical Instrument Making and Repair
  • LMF50508 - Diploma of Furniture Design and Technology
  • LMF40202 - Certificate IV in Furnishing Technology
  • LMF40508 - Certificate IV in Furniture Design and Technology
  • CPC60108 - Advanced Diploma of Building Surveying
  • CPP50711 - Diploma of Access Consulting
  • CPP40811 - Certificate IV in Access Consulting