# Course Title: Calculate cost estimates for fashion products

## Part B: Course Detail

Teaching Period: Term2 2011

Course Code: GRAP5211C

Course Title: Calculate cost estimates for fashion products

School: 350T Fashion & Textiles

Campus: Brunswick Campus

Program: C4219 - Certificate IV in Fashion and Textiles Merchandising

Course Contact : Barbara Kuczuk

Course Contact Phone: 9925 9195

Course Contact Email:barbara.kuczuk@rmit.edu.au

Name and Contact Details of All Other Relevant Staff

Effie Wlodarczyk

04175085845

Nominal Hours: 30

Regardless of the mode of delivery, represent a guide to the relative teaching time and student effort required to successfully achieve a particular competency/module. This may include not only scheduled classes or workplace visits but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.

Pre-requisites and Co-requisites

Year 10 maths

Course Description

This course covers the skills and knowledge required to develop cost estimates for sample production of products within the fashion industry.

National Codes, Titles, Elements and Performance Criteria

 National Element Code & Title: LMTFD4004B Calculate cost estimates for fashion products Element: 1.  Identify factors to be considered when costing a garment for the fashion industry. 2.  Identify costs involved in producing fashion garments 3.  Identify and calculate labour costs involved in fashion garment production 4. Develop costing sheets to industry standards Performance Criteria: 1.1 Factors to be taken into consideration when costing fashion products are identified according to OHS practices . 1.2 Market forces that affect costing for fashion industry are identified.  2.1 Costs of fabric and trims for sample garments and production are estimated. 2.2 Similar garments from different price points within fashion industry are compared and any production differences are identified. 2.3 Hidden costs in sample production are identified. 2.4 Differences in costs for sample and bulk production garments are explained.  3.1 Labour involved in fashion product production is identified. 3.2 Labour costs for production of sample and bulk production are calculated. 3.3 Different methods of utilising labour in fashion industry are identified and compared.  4.1 Components of fashion industry costing sheets are identified. 4.2 Costing sheets are developed to meet fashion industry standards. 4.3 Costing sheet is completed for a sample garment. 4.4 Costing sheet is used to develop quotation for bulk production. 4.5 Quality standards of work and received materials are assessed.

Learning Outcomes

On successful completion of this course you will have developed and applied the skills and knowledge required to demonstrate competency in the above elements.

Details of Learning Activities

&#9679; Demonstrate an understanding of variable costs, fixed costs and profit (learning)
&#9679; Demonstrate an understanding of the effect of market forces on costing (learning)
&#9679; Compare garments from different price points to identify production differences (learning and problem solving)
&#9679; Identify the hidden costs in sample production (learning and problem solving)
&#9679; Explain why samples and bulk production differ (communication)
&#9679; Identify labour used in fashion garment production (problem solving)
&#9679; Calculate labour costs for sample and bulk production (problem solving)
&#9679; Identify and compare different methods of using labour in the fashion industry (problem solving)
&#9679; Identify components required on a costing sheet (problem solving)
&#9679; Develop a costing sheet (teamwork, problem solving, initiative and enterprise, planning and organising)
&#9679; Complete a costing sheet for a sample garment (problem solving)
&#9679; Use a costing sheet to develop quotation for bulk production (problem solving)
&#9679; Assess quality standards of work and received materials (problem solving)
&#9679; Use a calculator (technology)
&#9679; Use self evaluation tools. (learning and self-management)
&#9679; Use on-line activities (technology)

Teaching Schedule

Date                                                              Topic

5 July                                               Revision of basics/ Profit
12 July                                             Mark-up/ Margin
19 July                                             Revision
26 July                                             Quiz 1

2 August                                         Markdown/ Performance Indicators
9 August                                         Performance Indicators/ D. Plan & Control
16 August                                       Revision
23 August                                       Quiz 2

30 August                                       Cost Volume Analysis/ Break Even
6 September                                 Merchandise Planning (assignment 1 due )
13 September
Revision
20 September                               Quiz 3

Term Break                                    Monday 26th September – Friday 7th October 2 weeks
11 October
Costing sheet/ definition of terms
18 October                                     Costing Merchandise/ OH&S
25 October                                     Costing – Large Business
1 November                                   Costing – Small business
Assessment Week                       Monday 7th November – Friday 11th November 1 week
8 November
Costing analysis
15th November                              Costing Assignment due (100%)
Feedback Week                            Monday, 14th November – Friday 18th November
(Friday 18th Nov – Last day to enter results) 1 week

Learning Resources

Prescribed Texts

References

Other Resources

Overview of Assessment

A variety of assessment tasks will be undertaken including assignments, written and oral presentations, and questionnaires.