25011 version 2
Page 1 of 6
Undertake costing and finance for print
Level
5
Credits
25
Purpose
This unit standard has been designed for people employed in the print
industry who are preparing for a management role.
People credited with this unit standard are able to: explain procedures for
calculating components required for job costing in the print industry; calculate
figures for costing components of a print production job, analyse variances,
and identify changes required; calculate mark-ups; prepare a detailed
quotation; compare and analyse quotation costs against actual costs; and
demonstrate knowledge of the financial aspects of a print industry company,
and prepare a report to the company directors on the company’s
performance.
Subfield
Printing
Domain
Print Industry Management
Status
Registered
Status date
22 August 2008
Date version published
12 December 2008
Planned review date
31 December 2013
Entry information
Recommended: Unit 18614, Research and report on
print industry production processes and technology, or
demonstrate equivalent knowledge and skills.
Replacement information
This unit standard replaced unit standard 16764, unit
standard 16765, and unit standard 16768.
Accreditation
Evaluation of documentation and visit by NZQA and
industry.
Standard setting body (SSB)
Competenz
Accreditation and Moderation Action Plan (AMAP) reference
0005
This AMAP can be accessed at http://www.nzqa.govt.nz/framework/search/index.do.
 New Zealand Qualifications Authority 2016
25011 version 2
Page 2 of 6
Special notes
1
For the purposes of this unit standard ‘company operating figures’ will be provided by
the print industry company in which the candidate is employed or by the training
provider.
2
This unit standard has been designed for learning and assessment in the workplace.
For assessment purposes the candidate will satisfactorily complete a written
assignment, and for element 6 will submit a written report.
3
Definitions
established company practice refers to the documented procedures set down by the
print industry company;
individual print production jobs refer to individual job runs, as opposed to batches of
jobs run in a week, month, or year;
print industry includes all sectors involved in printing and packaging industries
including pre-production, production, and post-production activities. The sectors
include – graphic pre-press, digital output sheet-fed, reel-fed, screen, binding and
finishing, fibreboard packaging;
print production includes any stage of production in any sector.
Elements and performance criteria
Element 1
Explain procedures for calculating components required for job costing in a print industry
company, in accordance with established company practice.
Performance criteria
1.1
Explanation includes procedures for calculating hourly rates charged for
individual pieces of equipment.
1.2
Explanation includes procedures for calculating productivity benchmarks.
1.3
Explanation includes procedures for calculating depreciation rates for individual
pieces of equipment.
1.4
Explanation includes procedures for calculating handling charges applied to
materials and outside services.
1.5
Explanation includes procedures for calculating overheads to be recovered in
the hourly rate.
1.6
Explanation includes the application of profit margins to jobs.
 New Zealand Qualifications Authority 2016
25011 version 2
Page 3 of 6
Element 2
Calculate figures for components of a print production job, analyse variances, and identify
changes required.
Range
components include but are not limited to – hourly rates charged for equipment,
productivity benchmarks, depreciation rates for equipment, handling charges,
overheads, profit margins.
Performance criteria
2.1
Figures are calculated for a print production job in accordance with established
company practice.
2.2
Variances between the calculated figures and the current company operating
figures are analysed.
2.3
Changes required as a result of the analysis undertaken in performance
criterion 2.2 are identified.
Element 3
Calculate mark-ups for a print production job in accordance with established company
practice.
Performance criteria
3.1
The expected return on sales or investment is obtained from the company
policy.
3.2
Level of mark-up is calculated, as a percentage of cost, to ensure the return on
sales or investment is achieved.
3.3
Calculations are made for handling charges on outside services and their
expected returns.
3.4
Calculations are made for handling charges on materials and their expected
returns.
 New Zealand Qualifications Authority 2016
25011 version 2
Page 4 of 6
Element 4
Prepare a detailed quotation for a print production job in accordance with established
company practice.
Performance criteria
4.1
Costs associated with individual print production jobs are defined.
Range
includes but is not limited to – materials, substrates, outside
services, production hours required to complete each task and/or
process, direct labour costs to be applied to the chargeable hours
for equipment and/or processes being used, factory overheads to
be apportioned to the chargeable hours for the equipment and/or
processes being used.
4.2
Quantities and costs of materials and substrates are calculated to meet the
requirements of the print production job.
4.3
Production costs required to complete each production task or process are
calculated using hourly cost rates.
Range
evidence for a minimum of three production tasks and/or
processes is required.
4.4
Costs of outside services are calculated as required by the quotation
specifications.
4.5
Handling charges and/or mark up on components are calculated and included in
the quotation.
Range
components may include but are not limited to – substrates,
materials, outside services.
4.6
Despatch and delivery costs are determined as required by the quotation
specifications.
4.7
Profit margin is added to the costing figures set out in the quotation.
Element 5
Compare and analyse quotation costs against actual costs for a print production job.
Performance criteria
5.1
Costs recorded on cost summary sheets for completed work are compared to
the quotation, and any variances are analysed in accordance with established
company practice.
Range
may include but is not limited to – time allocations for each
process, materials usage and costs, outside services, handling
charges, despatch and delivery charges.
 New Zealand Qualifications Authority 2016
25011 version 2
Page 5 of 6
Element 6
Demonstrate knowledge of the financial aspects of a print industry company, and prepare
a report to the company directors on the company’s performance.
Performance criteria
6.1
Demonstration of knowledge includes an explanation of different responsibilities
for costing and finance that are carried out, in accordance with established
company practice.
Range
may include but is not limited to –
review of productivity benchmarks and change of rates;
updating of – raw materials held in stock, price lists for outside
services, hourly charge-out rates, overhead recovery rates;
review of successful and unsuccessful quotations;
changes required as a result of new equipment and/or staff.
6.2
Demonstration of knowledge includes preparing a proposal showing how the
current position of the company can be improved.
6.3
The impact on the company of purchasing new equipment is researched, and
options for the purchase are calculated.
Range
may include but is not limited to – new equipment costs, costs of
additional labour to operate equipment, ancillary plant that will be
required, impact on current space, impact on cashflow for creditors
and debtors.
6.4
The effects of an anticipated wage increase are explained in terms of impact on
the company and charge-out rates.
6.5
Finance options for the new equipment are explained in terms of the different
options available.
Range
6.6
includes but is not limited to – leasing, bank loan.
A report is prepared that includes own findings on the performance of the
company and on the recovery of costs.
Range
includes but is not limited to – productivity, hourly charge-out
rates, depreciation, handling charges, outside services, financial
performance.
Please note
Providers must be accredited by NZQA, or an inter-institutional body with delegated
authority for quality assurance, before they can report credits from assessment against
unit standards or deliver courses of study leading to that assessment.
 New Zealand Qualifications Authority 2016
25011 version 2
Page 6 of 6
Industry Training Organisations must be accredited by NZQA before they can register
credits from assessment against unit standards.
Accredited providers and Industry Training Organisations assessing against unit standards
must engage with the moderation system that applies to those standards.
Accreditation requirements and an outline of the moderation system that applies to this
standard are outlined in the Accreditation and Moderation Action Plan (AMAP). The
AMAP also includes useful information about special requirements for organisations
wishing to develop education and training programmes, such as minimum qualifications for
tutors and assessors, and special resource requirements.
Comments on this unit standard
Please contact Competenz info@competenz.org.nz if you wish to suggest changes to the
content of this unit standard.
 New Zealand Qualifications Authority 2016