AURAAA002 — Determine retail rates for automotive products and services
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What an assessment for AURAAA002 must cover
27 assessable components: 4 elements (13 performance criteria), 4 performance evidence and 4 knowledge evidence requirements, plus 6 foundation skills. An audit-defensible tool maps every question and task back to these — that mapping is the coverage matrix Auditori generates alongside the assessment.
Elements & performance criteria
1 Determine fixed costs
- 1.1Fixed cost components are identified and classified into categories
- 1.2Past records and business requirements are used to estimate fixed costs for next period
- 1.3Fixed administrative and business operation overhead costs are calculated
- 1.4Proportion of fixed costs to be included in retail rates is determined
2 Determine labour rate
- 2.1Cost components of labour are identified and classified into categories
- 2.2Average charge per hour for each identified category is calculated
- 2.3Cost component of subcontractors used on jobs is determined and included in calculations for relevant jobs
- 2.4Hourly labour rates are calculated according to workplace procedures
3 Determine variable costs
- 3.1Variable costs are identified and calculated using data obtained from accounting records or supplier information
- 3.2Required materials are estimated and recorded
4 Determine retail price of products and services
- 4.1Previous sales figures and trends in turnover volume are reviewed
- 4.2Competitors’ price for similar products or services is researched and reflected in final retail rate
- 4.3Retail prices, margins and mark-ups for each product or service category are finalised according to workplace procedures
Performance evidence
- research and compare costs from external suppliers and competitors for two automotive workplace services
- research and compare costs from external suppliers and competitors for one consumable item
- research and compare costs from external suppliers and competitors for one automotive accessory product
- calculate retail rates for above products and services
Knowledge evidence
- basic accounting principles and practices relating to costings: - Goods and Services Tax (GST) calculations - mark-up, break even and profit calculations - simple and compound interest - inflation effects - straight line depreciation
- factors impacting on pricing products and services: - overheads, including accommodation costs, utilities, depreciation, insurances, licences and other business charges - labour costs, including on costs covering leave provision, superannuation, training and workers’ compensation - actual employee chargeable hours
- sources of information on prices and costs: - supplier or component price lists - accounting records - labour or payroll records - purchasing records - repair orders and job cards - standard repair and warranty times
- key features of workplace software and technology relating to extracting and manipulating data and information.
Foundation skills
- Reading: access and research pricing information in order to cost products and services.
- Writing: legibly and accurately enter data and record information in workplace documentation prepare quotations and reports based on pricing and costing of products and services.
- Numeracy: perform mathematical operations, including, addition, subtraction, multiplication, division, percentages and fractions, relating to quantity and time use mathematical ideas and techniques to calculate fixed and variable costs, labour rates, and profit margins.
- Digital literacy: use digital systems and software to access, filter, extract and organise information in order to determine costs and retail rates of work, including spreadsheets and databases.
- Self-management: follow workplace procedures and prepare retail rates and price information within workplace timeframes.
- Problem solving: determine pricing to meet workplace requirements relating to profitability and break even points.
Unit content sourced from training.gov.au — © Commonwealth of Australia, licensed under CC BY 4.0. Auditori is not affiliated with the Department of Employment and Workplace Relations.
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Real, unedited Auditori output (RIIHAN201E shown), branded for a sample RTO:
Questions about assessing AURAAA002
What does an assessment tool for AURAAA002 need to cover?
To satisfy the Principles of Assessment and Rules of Evidence, an assessment for AURAAA002 needs to address all 27 unit components: 4 elements with 13 performance criteria, 4 performance evidence requirements, 4 knowledge evidence requirements, and the foundation skills. A coverage matrix mapping each question and task to these components is what an auditor looks for.
How does Auditori generate an assessment tool for AURAAA002?
Auditori pulls the current release of AURAAA002 from training.gov.au and generates a complete package: candidate assessment, assessor guide with model answers and observation criteria, and a coverage matrix mapping every component. A suitably qualified person then reviews and approves the draft in a built-in workflow — consistent with ASQA's guidance on AI use in VET — before export as branded PDF and editable Word.
Is the first assessment tool really free?
Yes. Every new account includes one free credit — enough to generate the complete assessment tool for AURAAA002 — with no card and no subscription required. After that it's pay-as-you-go per unit.
Can I check my existing AURAAA002 assessment instead of generating a new one?
Yes — upload your existing assessment or learner guide and Auditori maps it against every element, performance criterion, PE and KE of AURAAA002, showing exactly what's covered and what's missing. Mapping costs a quarter of a credit.
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