Assignment sample solution of MSFGN1006 - Estimsate and Cost Job

The sample MSFGN1006 focuses on the ability to prepare accurate job estimates and costing in furnishing or related industries. Students learn how to calculate material, labor, overhead, and profit margins while ensuring compliance with workplace and client requirements.

1. What factors should be considered when preparing a job estimate?
Material costs, labor hours, overheads, wastage, and required profit margins.
 

2. Why is accurate job costing important?
It ensures competitive pricing, prevents losses, builds client trust, and supports business sustainability.