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SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD: 

Evaluate and provide costing and cost management information 
SAQA US ID UNIT STANDARD TITLE
13066  Evaluate and provide costing and cost management information 
ORIGINATOR
SGB HET Accountancy and Financial Management 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
FASSET - Financial and Accounting Services SETA 
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Finance, Economics and Accounting 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 6  Level TBA: Pre-2009 was L6 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Reregistered  2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2024-06-30   2027-06-30  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
People credited with this unit standard are able to advise on and evaluate cost classification, cost behaviour, cost-volume-profit, the cost objectives or objects and relevant costing in a financial management environment. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
  • Unit standard, Supply costing information for management control, NQF level5.
  • Unit standards for computer literacy at NQF level 4. 

  • UNIT STANDARD RANGE 
    N/A 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Comment on and evaluate cost classification, behaviour and objectives. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. The difference between product and period costs is determined in accordance with accepted costing definitions. 

    ASSESSMENT CRITERION 2 
    2. The elements of manufacturing costs are commented on and a distinction between manufacturing and non-manufacturing costs is made according to costing definitions. 

    ASSESSMENT CRITERION 3 
    3. Sunk costs are identified as per the principles of costing. 

    ASSESSMENT CRITERION 4 
    4. A distinction between avoidable and unavoidable costs is made according to the accepted costing definitions. 

    ASSESSMENT CRITERION 5 
    5. Opportunity costs are identified in line with the principles of costing. 

    ASSESSMENT CRITERION 6 
    6. A distinction between incremental costs/revenue and marginal costs/revenues is made per the accepted costing definitions. 

    ASSESSMENT CRITERION 7 
    7. A distinction between controllable and uncontrollable costs and revenues is made per the generally accepted costing definitions. 

    ASSESSMENT CRITERION 8 
    8. A distinction between relevant and irrelevant costs is made in accordance with the accepted costing definitions. 

    ASSESSMENT CRITERION 9 
    9. A distinction between relevant and incremental costs is made in line with recognized costing definitions. 

    ASSESSMENT CRITERION 10 
    10. Costs and revenue behaviour are analysed in relation to volume and activity. 

    ASSESSMENT CRITERION 11 
    11. The cost objects for which cost information is required are identified and described in line with the principles of costing. 
    ASSESSMENT CRITERION RANGE 
    Including product, function, process, activity, department, service, customer
     

    SPECIFIC OUTCOME 2 
    Comment on and evaluate cost volume profit. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. The break-even point is determined and commented on in line with the principles of costing. 

    ASSESSMENT CRITERION 2 
    2. The margin of safety is calculated and commented on using generally accepted costing methods. 

    ASSESSMENT CRITERION 3 
    3. The effect of changes in the sales mix is determined and commented on (Range: Including contribution and the break-even point) as explained in the relevant costing documentation. 

    ASSESSMENT CRITERION 4 
    4. The limiting assumptions of CVP are commented on in line with costing principles. 

    ASSESSMENT CRITERION 5 
    5. The cost-volume-profit relationships are produced graphically and commented on according to accepted costing methods. 

    SPECIFIC OUTCOME 3 
    Evaluate, apply and comment on relevant costing. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. The relevant costs and income for different decision making problems are determined and evaluated in accordance with generally accepted costing practice. 

    ASSESSMENT CRITERION 2 
    2. The relevant qualitative factors which impact on decision making are discussed and evaluated in accordance with generally accepted costing practice. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    Accreditation for this unit standard shall be obtained from the relevant Education and Training Quality Assurance Body, through summative assessment by a registered assessor

    Moderation activity comments by SGB's, organisations and individuals may be forwarded to NSB03 

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    A demonstrated understanding of:
  • Costing, cost classification, behaviour, cost volume profit, cost objectives, relevant costing.
  • Applicable computer software systems

    Legal requirements
  • Generally accepted accounting practice
  • Relevant financial legislation. 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Solve problems 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others as a member of a team/group 

    UNIT STANDARD CCFO ORGANISING 
    Organise and manage oneself and one's activities responsibly and effectively 

    UNIT STANDARD CCFO COLLECTING 
    Collect, organise and critically evaluate information 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively using visual, mathematics and language skills in the modes of oral and written presentations 

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology effectively and critically 

    UNIT STANDARD CCFO DEMONSTRATING 
    Advise on the concept of costing and cost management 

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

    UNIT STANDARD NOTES 
    N/A 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  36213   National Diploma: Technical Financial Accounting  Level 5  NQF Level 05  Reregistered  2023-06-30  FASSET 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    NONE 



    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.