Course Title: Calculate cost estimates for fashion products
Part B: Course Detail
Teaching Period: Term1 2013
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 Kombos
effie.kombos@rmit.edu.au
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. 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 |
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
Demonstrate an understanding of variable costs, fixed costs amd profit.
Demonstrate an understanding of teh effect of market forces on costing
Compare garments from different proce points to indentify production differences.
Identify the hidden costs in sample production
Explain why samples and bulk production costs differ
Identify labour costs for sample and bulk production
Identify and compare different methods of using labour in teh fashion industry
Identify componants required on a costing sheet
Develop a costing sheet
Complete a costing sheet for a sample garment
Use a costing sheet to develop quotation for bulk production
Assess quality standards of workand received materials
Use a calculator
Use aself evaluation tools
Use on-line activities
Teaching Schedule
1 Revision of basics/ Profit
2 Mark-up/ Margin
3 Revision
4 Quiz 1
5 Markdown/ Performance Indicators
6 Performance Indicators/ D. Plan & Control
7 Revision
8 Quiz 2
9 Volume Analysis/ Break Even Merchandise Planning - Assignment due
10 Revision
11 Quiz 3
12 Costing Sheet/ Definition of Terms
13 Costing Merchandise/OH&S
14 Costing - Large Business
15 Costing - Small Business
16 Costing Analysis
17 Costing Assignment Due
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.
Assessment Tasks
Costing Assignment 100%
Assessment Matrix
Course Overview: Access Course Overview