Assessor Resource

MSFFDM4007
Identify and calculate production costs

Assessment tool

Version 1.0
Issue Date: May 2024


You may want to include more information here about the target group and the purpose of the assessments (eg formative, summative, recognition)

Submission Requirements

List each assessment task's title, type (eg project, observation/demonstration, essay, assingnment, checklist) and due date here

Assessment task 1: [title]      Due date:

(add new lines for each of the assessment tasks)


Assessment Tasks

Copy and paste from the following data to produce each assessment task. Write these in plain English and spell out how, when and where the task is to be carried out, under what conditions, and what resources are needed. Include guidelines about how well the candidate has to perform a task for it to be judged satisfactory.
Copy and paste from the following performance criteria to create an observation checklist for each task. When you have finished writing your assessment tool every one of these must have been addressed, preferably several times in a variety of contexts. To ensure this occurs download the assessment matrix for the unit; enter each assessment task as a column header and place check marks against each performance criteria that task addresses.

Observation Checklist

Tasks to be observed according to workplace/college/TAFE policy and procedures, relevant legislation and Codes of Practice Yes No Comments/feedback
Document details of costs in accordance with workplace procedures and formats 
Check and verify costing details in accordance with workplace procedures 
File and store costing information for future reference in accordance with workplace procedures 
Respond appropriately and in accordance with workplace procedures to changes in scope and other requirements 
Identify and collect information required to calculate production costs 
Analyse information and extract relevant details 
Convert required information to an appropriate format or software and store ready for retrieval and application 
Estimate and accurately record types and quantities of materials required for production based on specifications 
Estimate time requirements for production activities and other lead times based on specifications 
Estimate and record labour requirements for direct production and handling operations based on specifications 
Estimate and record costs associated with wastage (labour, materials, consumables) based on specifications and previous project outcomes 
Calculate and document total production costs using required software in accordance with workplace procedures 
Determine and document allowance for overheads and mark-up percentages in accordance with workplace procedures 
Determine costs associated with transportation and packaging of product 
Calculate and communicate final cost to customer through liaison with marketing/sales personnel and other personnel involved in financial decision-making 
Document details of costs in accordance with workplace procedures and formats 
Check and verify costing details in accordance with workplace procedures 
File and store costing information for future reference in accordance with workplace procedures 
Respond appropriately and in accordance with workplace procedures to changes in scope and other requirements 

Forms

Assessment Cover Sheet

MSFFDM4007 - Identify and calculate production costs
Assessment task 1: [title]

Student name:

Student ID:

I declare that the assessment tasks submitted for this unit are my own work.

Student signature:

Result: Competent Not yet competent

Feedback to student

 

 

 

 

 

 

 

 

Assessor name:

Signature:

Date:


Assessment Record Sheet

MSFFDM4007 - Identify and calculate production costs

Student name:

Student ID:

Assessment task 1: [title] Result: Competent Not yet competent

(add lines for each task)

Feedback to student:

 

 

 

 

 

 

 

 

Overall assessment result: Competent Not yet competent

Assessor name:

Signature:

Date:

Student signature:

Date: