19795 version 2 Page 1 of 3 Analyse a budget in a wood manufacturing workplace Level 3 Credits 5 Purpose People credited with this unit standard are able to: explain the relationship between a specific workplace budget and the overall budget for a wood manufacturing company; examine factors that impact on the profitability of a wood manufacturing workplace or project; and design measures to help control costs in a wood manufacturing workplace. Subfield Wood Manufacturing - Generic Skills Domain Wood Manufacturing Foundation Skills Status Registered Status date 18 December 2006 Date version published 18 December 2006 Planned review date 31 December 2011 Entry information Recommended: Unit 19794, Demonstrate knowledge of business basics in a wood manufacturing industry; or demonstrate equivalent knowledge and skills. Accreditation Evaluation of documentation and visit by NZQA and industry. Standard setting body (SSB) Competenz Accreditation and Moderation Action Plan (AMAP) reference 0173 This AMAP can be accessed at http://www.nzqa.govt.nz/framework/search/index.do. Special notes 1 The reference text for this unit standard is Business Basics Concepts in the Wood Processing Industries published by and available from Competenz, PO Box 9005, Newmarket, Auckland 1149. 2 All performance criteria must be demonstrated and assessed in accordance with the reference text. 3 Competence is to be demonstrated with reference to at least one of the wood manufacturing industries. New Zealand Qualifications Authority 2016 19795 version 2 Page 2 of 3 4 Definitions Wood manufacturing industries include solid wood, wood panels and pulp and paper organisations or business. Wood manufacturing workplace is a separate division and/or team operating within a company in the wood manufacturing industries. Elements and performance criteria Element 1 Explain the relationship between a specific workplace budget and the overall budget for a wood manufacturing company. Performance criteria 1.1 The explanation identifies the workplace budget in terms of percentage of total costs and percentage of total revenue of the wood manufacturing company annual budget. 1.2 The explanation identifies the impact of variations in the wood manufacturing workplace costs and revenues on the overall company budget, and includes reference to under and over performance. Element 2 Examine factors that impact on the profitability of a wood manufacturing workplace or project. Performance criteria 2.1 Predicted input costs are identified from the annual wood manufacturing workplace budget. Range costs – fixed, variable, overhead. 2.2 Values of output products and services provided are identified from the annual workplace or project budget. 2.3 Predicted costs and values of products and services are used to calculate profit or loss contribution to the overall wood manufacturing company budget. 2.4 Examples of factors that may influence the variation of predicted input costs against actual input costs are identified, and their influence is explained in accordance with the reference text. Range evidence is required for at least five factors. New Zealand Qualifications Authority 2016 19795 version 2 Page 3 of 3 Element 3 Design measures to help control costs in a wood manufacturing workplace. Performance criteria 3.1 Key performance indicators are identified that allow for the measurement and control of costs in a wood manufacturing workplace. 3.2 Key performance indicators are matched against wood manufacturing company annual budget outcomes. 3.3 Potential corrective actions to ensure costs are controlled in the wood manufacturing workplace are identified, and reasons for their selection are justified in accordance with the reference text. Please note Providers must be accredited by the Qualifications Authority, 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. Industry Training Organisations must be accredited by the Qualifications Authority 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 the Competez at info@competenz.org.nz if you wish to suggest changes to the content of this unit standard. New Zealand Qualifications Authority 2016