Economics of Manufacture
Aim:This Unit is designed to provide candidates with opportunities to gain knowledge and understanding of the different categories of costs that operate in a manufacturing organisation. Candidates will also be involved in calculating these costs and in applying breakeven analysis within a manufacturing costing context. Candidates will also have an opportunity to evaluate the viability of a project using the financial appraisal techniques developed in the Unit. This Unit has been developed for candidates working towards being Manufacturing Technicians and Incorporated Engineers plus others who have an interest in the economics of manufacturing in organisations.
SCQF Level: 7
Length of Study:
18 weeks with tutor support
Entry Requirements:
Candidates should possess knowledge of manufacturing systems and the costs involved in running a manufacturing organisation. This may be evidenced by possession of the following National Certificate Units: Engineering Manufacturing Processes 2, Manufacturing Systems 1, Manufacturing Systems 2 and Costing and Estimating for Manufacture.
Contents:
Identify categories of costs within a manufacturing organisation.
Calculate costs from given data.
Apply the principles of breakeven analysis.
Evaluate project viability using financial appraisal techniques.
Study Method:
Home-based study with tutor support for help and advice.
Assessment:
Written and Practical Assessments
Cost:
£110 + £13 SQA Fees.
