This document discusses the key concepts and components involved in computing training costs for vocational education programs. It defines direct and indirect costs, as well as variable and fixed costs. It also identifies different cost centers to organize expenses, such as costs of tuition, fees, student support, and per capita costs. The document provides guidance on determining necessary resources and costs based on the number of participants, learning activities, and duration of training. It concludes with reminders to consider essential, sufficient, practical, economic and legal factors when computing training costs.
This document discusses the key concepts and components involved in computing training costs for vocational education programs. It defines direct and indirect costs, as well as variable and fixed costs. It also identifies different cost centers to organize expenses, such as costs of tuition, fees, student support, and per capita costs. The document provides guidance on determining necessary resources and costs based on the number of participants, learning activities, and duration of training. It concludes with reminders to consider essential, sufficient, practical, economic and legal factors when computing training costs.
This document discusses the key concepts and components involved in computing training costs for vocational education programs. It defines direct and indirect costs, as well as variable and fixed costs. It also identifies different cost centers to organize expenses, such as costs of tuition, fees, student support, and per capita costs. The document provides guidance on determining necessary resources and costs based on the number of participants, learning activities, and duration of training. It concludes with reminders to consider essential, sufficient, practical, economic and legal factors when computing training costs.
Training Costs Irrigation System(SPIS) Training Costs vs Training Fee
Expenses associated with Amount of money
the provision of training charged by the training services institution in the provision of training service
Training costs may differ from training fee
Introduction to Training Costs Training cost are the expenses associated with the development, implementation, evaluation and/or maintenance of training programs. • Direct Costs • Indirect Costs • Variable Costs • Fixed Costs Type of Variable Costs Fixed Costs Costs
Direct Supplies and materials Cost of trainers’ honoraria
Costs used in training Cost of National Competency Cost of electricity and Assessment water consumed in the conduct of training Supplies and materials Cost of developing learning Indirect used the provision of materials Costs administrative support Cost of accident insurance Cost of printing Rental cost for office space certificate Key Questions in Determining the Training Costs
• How many participants?
• What are the learning activities? • How long and how many trials does the learner need to meet the required performance? • What resources are needed to execute the learning activities? Cost Centers Cost centers are the classification of expenses associated in the provision of training services. This made budgeting and accounting funds utilized more organized. Free TVET Cost Centers • Cost of Tuition Cost of tuition refers to the fees or school charges for the work of teaching the subjects or course enrolled in by a learner. o Utility o Supplies and Materials o Facility, Equipment and Tools Maintenance o Honorarium of Trainers
• Cost of Miscellaneous and Other Fees
This is the cost indirectly associated with training such as provision for accident insurance, dental and medical services, school identification card, access to library collection and/or provision of student support services (i.e. career guidance, job linkage). Free TVET Cost Centers • Cost of Student Support Provisions This is the cost associated with the extended support provisions in TVET such as living allowance for trainees, instructional material allowance, toolkits, national competency assessment, and working clothes for the scholars. Per Capita Cost Per capita is a latin word that means “by head,” which commonly means average cost per learner. This is very useful in projecting the volume of learners per allotted budget or vise-versa. Imputed Costs Imputed cost, also known as implicit cost. This is the cost incurred during the period when an asset is employed for a particular use, rather than redirecting the asset to different use. Consumable, Semi-expendable, Portion • Consumables are supplies that can only be used once • Semi-expendable are supplies that can be used more than once • Portion are used to estimate the amount of item utilized Workshop • As a group compute for the training costs of your module assignment. 1pm-3pm • Present your output to the group. 30 min per group (15 min. presentation, 15 min discussion). 3:15pm ~ 4:45pm In computing for the training cost, consider the following: • Essential/Necessary • Sufficient • Practical and Realistic • Economical • Legally permitted Maraming Salamat Po! Stephen I Cezar Supervising TESD Specialist National Institute of Technical Education and Skills Development
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