Lesson 4. LETS FIND COST / COSTING
Where the environment itself,
Nourishes the ambition to succeed,
There will occur the 'Sanskar',
For youth to be 'Achievement Motivates'.
Udyam Shastra Chapter - 4 Verse 4
This module helps the child to develop the sense of estimation of quantity and cost.
To develop ability to estimate quantity of raw materials.
To develop the ability to explore for Information.
To develop the ability of comprehension of Information.
Cost Of Raw-Material
The total cost of Raw Materials that go in making of an article.
Cost of a Product
Total cost incurred in making a product including the cost of Raw Material , labour and packing.
Material that is required and forms a part of an object or article.
The series of activities carried out on Raw Materials to convert them into a product.
The people involved in making of a product.
The payment made to the people involved in making the product.
Skills: The students activity is designed to clarify the CONCEPTS of the module and develop some "ENTERPRISE SKILLS" (E. Skills). The E.Skills included in a module may not be exhaustive but are only indicative. E.Skills stated in modules elsewhere may also get addressed through the activities of a module.:
With this activity children learn to calculate the cost of Raw Material , labour and other expenses in making of a product.
Children learn to try more than one option for getting information or doing things.
To decide upon the correct information or alternatives to suit the requirement.
ACTIVITY 1- Lets Go Shopping
For this activity the teacher needs to make a box called 'Central Information Tank' [C.I.T] . The C.I.T. contains chits with the per unit rate of materials needed for making Bhel. Use the following list as a guideline for making chits. The teacher may use a variety of materials . The teacher may also replace Bhel with items like Sandwich or any other local item. The teacher may update the price list with the latest rates. The teacher must put in a lot of extra chits stating the cost of materials not needed for making Bhel.
LETS GO SHOPPING
INSTRUCTIONS TO STUDENTS
Form groups and select a team manager.
Pick a list for shopping. The list includes things required for making ‘Bhel’ for all in the class. Read it carefully.
You need to ﬁnd the cost of each material from the ‘Central Information Tank’ [C.I.T] placed by the teacher on the table.
Form lines group wise.
At the blow of whistle one student comes from each group and picks up a chit from C.I.T showing the cost of any one of the material needed for making Bhel and goes back. Another student comes to C.I.T. only when the ﬁrst reaches the line. Second student picks up another chit from C.I.T. and goes back.
After your group gets all essential informations, calculate the total cost of all the things listed.
Inform the class about the total cost of making Bhel for your class.
ACTIVITY 2- WHAT’S THE COST OF MY SHIRT?
This activity should be done by each child individually. Distribute the worksheet for activity 2 at the end of activity 1. Give necessary instructions and allow the child to work separately taking help of friends, family members and relatives to obtain essential information. In the next session allow group discussions and group presentations.
INSTRUCTIONS TO STUDENTS
This activity should be carried out by individual student.
You are given one weeks time.
You can take help of family, friends, neighbours or any one to ﬁnd answers.
1.What is the colour of the shirt you want to make ? ______________________________________________________________________________
2.How much cloth will be needed ? ______________________________________________________________________________
3.What is the cost of 1 metre cloth chosen for your shirt ? ______________________________________________________________________________
4.How much would you spend on the cloth totally ? _________________________________________________________________
5.How much would you pay for the stitching ? ______________________________________________________________________
6.How many buttons will be used ? ______________________________________________________________________________
7.How much would it cost for the buttons ? ________________________________________________________________________
8.Would you like an embroidary on it ? ____________________________________________________________________________
9.How much extra would it cost for embroidary ? ____________________________________________________________________
10.What would be the total cost of your shirt ? ______________________________________________________________________