版權(quán)說明:本文檔由用戶提供并上傳,收益歸屬內(nèi)容提供方,若內(nèi)容存在侵權(quán),請進行舉報或認領(lǐng)
文檔簡介
HND財政預(yù)算OUTCOME34報告你不過我從此消失!AfinancialanalysisreportforTricolplcOutcome3and4Class;10E6Name:MabodaSCN:125099297CandidateNum:22IntroductionTooperatebetterinfinancialaspect,themanagementofTricolplcaskedmetoanalyzetheirfinancialconditionthenmakerecommendationsforthem.FindingsPartA(ⅰ)Flexbudgetinlinewithactualactivity(ⅱ)Variancescalculation(Standardunitsofactualproduction*standardprice)-(actualquantity*actualprice)(4kg*1,600*£10)-£61,600=£2,400(F)Rateofsignificance:(3.75%)Standardprice*(standardunitsofactualproduction-actualquantity)£10*[(4kgⅹ1,600)-5,600kg]=£8,000(F)Rateofsignificance(12.5%)Actualquantity*(standardprice-actualprice)5,600kg*[£10-(£61,600/5,600kg)]=£(5,600)(A)Rateofsignificance:(8.75%)(Standardhoursofactualproduction*standardrateph)-(actualhours*actualrateph)[(2hrs*1,600)*£9]-£35,200=£(6,400)(A)Rateofsignificance:(22.22%)Standardrateph*(standardhoursofactualproduction-actualhours)£9*(2hrs*1,600-3,520hrs)=(2,880)(A)Rateofsignificance:(10%)Actualhours*(standardrateph–actualrateph)3,520hrs*(£9*-£35,200/3,520hrs)=£(3,520)(A)Rateofsignificance:(12.22%)Totalstandardoverheadforactualproduction-totalactualoverheads(£18,000/12+£2,500+£2,200+£2,000)-(£1,500+£2,500+£2,200+£2,400)=£(400)(A)Rateofsignificance:(3.5%)(ⅲ)Reportaboutvariances?DirectmaterialvarianceThedirectmaterialtotalvariancecanbeanalyzedintwoaspectswhicharedirectmaterialvolumeanddirectmaterialprice.Forvolumeside,ascalculatedabove,thebudgetvolumeis6400kg;theactualvolumeis5600kg.Sothereis800kgvariancewhichisfavorableandeachunitvarianceis0.5kg.Thelikelyreasoncausingthevariancecomesfromthreeaspects.Firstofall,thecompanyupgradedtheproductionmachineryrecently,andnewmachinemayusematerialsefficiently,soitreducedthewasteofmaterials.Secondly,thecompanyswitchedsuppliersandusinghigher-gradematerialscandecreasewasteofmaterialstoo.Finally,thecompanyhasconcludedahigher-than-expectedwagesettlementforproductionoperatives,whichwillmaintainemployeeswithhigherskillsaswellasdecreaseturnoverofemployees,anditalsocanincreaseefficiencyinusingmaterials.Forpriceaspect,thebudgetpriceis£10perkg,andtheactualpriceis£11perkg,itisadversethatonepoundoverthebudgetprice.Thecompanyswitchingsuppliersmaycausetheincreaseofnegotiationcost.Theremaybealong-termrelationshipbetweenTricolplcanditsoldsuppliers,sothesuppliersmaytakelotsofdiscountstothefirm.Afterchangingsuppliers,thediscountmaydisappear.Furthermore,highergradematerialsincreasedunitprice.Overall,thetotalmaterialvarianceisfavorable.£8,000-£5,600=£2,400.?DirectlabourvarianceThedirectlabourtotalvarianceiscomposedofdirectlabourefficiencyvarianceanddirectlabourratevariance.Thebudgetdirectlabourhoursare3,200hrsandtheactuallabourhoursare3,520hrs.Therearemore320hrsneededthanthebudget,andeachunitis0.2hrs,whichitisobviouslyadverse.Thecompanyupgradingtheproductionmachinerymayneedtimeforemployeestoadoptit.Also,employeesneedtrainingtime.Therebuildprocessofmachineryconsumedtimetoo.Inaword,thechargeablehourshaveincreased.Thebudgetdirectlaourhoursrateis£9perhour,theactualhoursrateis£10perhour.Itisadversethatonepoundhigherthanbudgeted.Itispossiblecausedbybothinternalandexternalfactors.Higher-than-expectedwagesettlementmaybeinternalreasonforthevariance,andnewmachinerymaybeneededtorecruitnewemployeestooperatethemachinery,whichalsocanincreasetheexpense.Forexternalfactors,thechangingoflabourmarketmayincreaselabourcost;thegovernmentlegislationalsocanincreasethelabourcost,forexampleminimumpay.Bothdirectlabourefficiencyanddirectlabourratevariancesareadverse,sothedirectlabourtotalvarianceisadverse.?OverheadvarianceAscalculatedabove,totaloverheadvarianceiscausedbyadministrationandinsurance.Eachfactorhas£200variance,sothetotaloverheadvarianceis£400anditisadverse.Duringtheprocessofchangingsupplier,thecompanyneededmoreexpenseonpublicrelationshipornegotiation,inaddition,inordertomaintainthenewmachinery,administrationcostwillbeincreasedtoo.Forinsuranceaside,theimprovementofmachinerywillneedmoreinsurancefeestocover,whichalsocontributestotheincreaseofinsurancefeeofnewemployees.PartB?SelectionandapplicationoftwoinvestmentappraisaltechniquesAsthecompanyiskeentorecoupthecostoftheinvestmentwithinfiveyears,IwillchoosePaybackperiodandNetPresentValuetohelpmecompletetheappraisal.Inordertofulfilltheappraisaleasily,therearesomeassumptionslistedbelowshouldbeconsideredbeforetheappraisal.⑴Allrevenueandinflowareassumedcashflow⑵Allinvestmentcostincurredinyear0⑶Nouncertaintyisconsidered⑷Donotconsiderinflationandtaxation⑸Marketrateofreturnisexpectedrateofreturn⑹RateofreturnisvaryingalongwithtimeNote:require40,000/320,000inyear5=1/8*year=1.5mothsPayback=4years1.5moths?RecommendationaboutinvestmentAccordingtoPaybackPeriodanalysis,theinvestmentcostcanberecoupedinyear4and1.5moths.Inotherwords,theperiodisundercompany’sexpectation.Theprojectcanbeexecuted.However,accordingtoNetPresentValueanalysis,intermsofpresentvalue,withinfiveyears,whattheNPVwillbringnetresultisnetcashlossbutnotnetcashsurplus.Ingeneral,thecompanyshouldconsidertimevalueandotherfactors,sotheprojectshouldnotbeexecuted.?FactorsimpactontheinvestmentshouldbeconsideredVariousfactorswillimpactonresultofinvestment.Iwilloutlinefactorsshouldbeconsideredwhenthemanagementreviewingmyrecommendationinfinancialandnon-financialfactors.?FinancialfactorAsdistributionarmisfinanciallong-termbeneficialproject,itcanbeusedinlong-termperiodandbringbenefitscontinuous.Theinvestmentcostis£1,000,000,whichcanbeconsideredalargeinvestment.Soitmorelikelyneedslongperiodpaybackperiod.Themanagementshouldfocusonlongercashflowsforlongerperiodoffuture.Ontheotherhand,NetPresentValueinyearfiveis(28,000)onlytake2.8%percentsoftheinvestmentcost,itismorelikelysurplusinyearsix.Anotherfinancialfactorissourceofmillionpounds.Ifitisinternalsource,themanagementmainlyconcentrateonopportunitiesc
溫馨提示
- 1. 本站所有資源如無特殊說明,都需要本地電腦安裝OFFICE2007和PDF閱讀器。圖紙軟件為CAD,CAXA,PROE,UG,SolidWorks等.壓縮文件請下載最新的WinRAR軟件解壓。
- 2. 本站的文檔不包含任何第三方提供的附件圖紙等,如果需要附件,請聯(lián)系上傳者。文件的所有權(quán)益歸上傳用戶所有。
- 3. 本站RAR壓縮包中若帶圖紙,網(wǎng)頁內(nèi)容里面會有圖紙預(yù)覽,若沒有圖紙預(yù)覽就沒有圖紙。
- 4. 未經(jīng)權(quán)益所有人同意不得將文件中的內(nèi)容挪作商業(yè)或盈利用途。
- 5. 人人文庫網(wǎng)僅提供信息存儲空間,僅對用戶上傳內(nèi)容的表現(xiàn)方式做保護處理,對用戶上傳分享的文檔內(nèi)容本身不做任何修改或編輯,并不能對任何下載內(nèi)容負責(zé)。
- 6. 下載文件中如有侵權(quán)或不適當內(nèi)容,請與我們聯(lián)系,我們立即糾正。
- 7. 本站不保證下載資源的準確性、安全性和完整性, 同時也不承擔用戶因使用這些下載資源對自己和他人造成任何形式的傷害或損失。
最新文檔
- 2024年生態(tài)環(huán)保項目施工建設(shè)監(jiān)理合同3篇
- 2024年環(huán)保監(jiān)控安裝安全協(xié)議3篇
- 2024年版PPP項目中介服務(wù)居間合同樣本一
- 2024天津二手房買賣合同范本獨家提供交易資金監(jiān)管3篇
- 2024年環(huán)保技術(shù)改造無息借款合同范本3篇
- 2024年研發(fā)團隊領(lǐng)導(dǎo)長期服務(wù)合同3篇
- 2024年詳盡版:裝潢設(shè)計施工多方合同范本3篇
- 婚慶行業(yè)客服工作總結(jié)
- 2024年綠色建筑植物墻項目合作合同3篇
- 商品展示中心前臺工作總結(jié)
- 《中考體育項目跳繩》教案
- 增服葉酸預(yù)防神經(jīng)管缺陷理論知識考核試題及答案
- 新業(yè)娛樂安全評價報告
- 醫(yī)保工作自查表
- 調(diào)休單、加班申請單
- 小學(xué)-英語-湘少版-01-Unit1-What-does-she-look-like課件
- 單證管理崗工作總結(jié)與計劃
- 安全安全隱患整改通知單及回復(fù)
- 國有檢驗檢測機構(gòu)員工激勵模式探索
- 采購部年終總結(jié)計劃PPT模板
- CDI-EM60系列變頻調(diào)速器使用說明書
評論
0/150
提交評論