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 2.1 Costs of fabric and trims for sample garments and 3.1 Labour involved in fashion product production is 4.1 Components of fashion industry costing sheets are |
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 and profit (learning)
● Demonstrate an understanding of the effect of market forces on costing (learning)
● Compare garments from different price points to identify production differences (learning and problem solving)
● Identify the hidden costs in sample production (learning and problem solving)
● Explain why samples and bulk production differ (communication)
● Identify labour used in fashion garment production (problem solving)
● Calculate labour costs for sample and bulk production (problem solving)
● Identify and compare different methods of using labour in the fashion industry (problem solving)
● Identify components required on a costing sheet (problem solving)
● Develop a costing sheet (teamwork, problem solving, initiative and enterprise, planning and organising)
● Complete a costing sheet for a sample garment (problem solving)
● Use a costing sheet to develop quotation for bulk production (problem solving)
● Assess quality standards of work and received materials (problem solving)
● Use a calculator (technology)
● Use self evaluation tools. (learning and self-management)
● 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.
Assessment Tasks
Costing assignment 100%
Assessment Matrix
Course Overview: Access Course Overview