GMC9: Costing a project
This list contains a collection of resources to help meet General Mathematical Competency 9 (GMC9). More resources to support T level Science can be found on our T Level science resource packages page.
Students are required to carry out a product costing on a new product and on a modification to an existing product, by calculating individual component costs, production run costs and distribution and transportation costs.
Students should undertake cost-comparison in order to reduce costs where appropriate, for example, premium ingredients versus cheaper substitutions.
Students should consider how to reduce costs, for example, more accurate measurements can be more expensive to perform due to equipment costs and/or time costs; higher accuracy than required can lead to increased cost.