The Elements of Costing (ELCO) – Single Unit will allow you to study & revise for your final assessment efficiently in a structured format. Your personal timetable sets the pace of your course informing you which assignment and assessment needs to be completed by its assigned date. To prepare you for the final assessment each unit contains three assignments and a mock assessment. Between each assignment are study resources such as chapters from study books, videos, quizzes and helpsheets which allow you to gain the relevant knowledge to complete the online assessment which are all personally marked by your personal tutor. Below is what you will learn in this unit:
- Assignment 1: This covers the costs and cost centres.
- Assignment 2: Here you will learn about material costs and labour costs.
- Assignment 3: This final section of this unit covers budgets, standard costs and spreadsheets.
- Practice Assessment: Tests all knowledge and understanding for this unit