最新SQAHND财政预算34资料.docx
- 文档编号:9604884
- 上传时间:2023-02-05
- 格式:DOCX
- 页数:9
- 大小:75.63KB
最新SQAHND财政预算34资料.docx
《最新SQAHND财政预算34资料.docx》由会员分享,可在线阅读,更多相关《最新SQAHND财政预算34资料.docx(9页珍藏版)》请在冰豆网上搜索。
最新SQAHND财政预算34资料
The鐗╄祫Bi勬簮
TheJuan氬姟Chan栧寘
The鏈嶅姟Liaorules€?
鍥炵▼TheYuereturnthe噺鍒╃敤
TheYue氭椂Cong㈣breathesheavily
TheChenヤ笟Chenョ▼
The鏈嶅姟Liaorules€?
TheLuх墿鍒嗚
The鍒嗛攢Bi勬簮Nao勫垝
TheChan栧寘LuGui敤Contents
1.0Introduction
Thisreportwilldividedintotwoparts.PartAandPartB.InPartA,Firstofall,Iwillprepareaflexedbudgetinlinewithactualactivity.Second,thiswillincludingtheMaterialsvariances,Labourvariancesandtotaloverhead.Atthesametime,Iwillidentifyaminimumofonepossiblecauseoftheeachvariance.Finally,accordingtodataanalysis,therehavebeensomerecommendationstomanagementofMatteckPLC.InPartB,ItwillhavefourdifferentwaystoevaluatefinancialperformanceandgiverecommendationsforMatteckPLC.ThesewaysareARR,Payback,NPVandIRR.
PartA
2.0Theflexedbudget
ForFlexbudgedofMatteckPLC,wecanseetheAppendix1.
3.0CalculatetheMaterialsvariances,LabourvariancesandtheTotaloverhead.
3.1Directthematerialsvariances,labourvariancesandthetotaloverhead.
ThissectionshowstheAppendix2.
3.2Varianceanalysis.
Materialpricevariance:
Thematerialpricevarianceis₤32,000(F).Accordingtothedataanalysis,itis₤2/kglessexpensivethanplanned.Thepossiblereasonscanbedividedintothreepoints:
first,theycouldreplacerawmaterials,usingalower-gradematerial.Second,thesuppliertoprovidesomediscountforthisbatchofrawmaterials.Finally,learnfromthecase,thecompanyhasmanagedtolocatenewmaterialsfromanoverseas.Duetotheproductfromoverseas,accordingtodifferentexchangerate,thematerialwillreducetheprice.
Materialusagevariance:
Thematerialusagevarianceis₤30,000(A).Thepossiblereasonsincludetheeffectsofrawmaterialsandtheinfluenceofthemachine.Ifthecompanyusingpoorqualityrawmaterials,itmaybemoredifficulttowork.Thiswillincreasethewastematerials.Atthesametime,thecaseshowsthatthecompany'snewmachinerycanbefullyusedinthesecondweek.Thedelaytimemayhavecausedthemachinetousemorematerialsthanplanned.
Materialtotalvariance:
Thematerialtotalvarianceis2,000(F).Caseshowsthatthecompany'srawmaterialsarefromoverseassuppliers.Thiswillreducesomecosts.Whichleadstothematerialpricevarianceis32,000(F).Ontheotherhand,thecompanyhasintroducedanewmachine,theinfluenceofmachineinstalledtime,causedsomewastedofmaterials.Thismakesthematerialusagevarianceis₤30000(A).EvenifThecompany’smaterialtotalvarianceis2000(F).Thecompany'smanagementstillshouldpayattentiontoTheutilizationofrawmaterials.
Labourefficiencyvariance:
TheLabourefficiencyvarianceis10,000(F).Thepossiblereasonscouldincludethenewmachinetoimprovestaffworkefficiency.Usingnewmachinecanlesslabourhours.Atthesametime,thecaseshowsthatthecompanyhashadtoemploymorehighlyqualifiedstaff.Theycanincreasetheworkingefficientlythroughthehigherskill.
LabourRateVariance:
TheLabourratevarianceis15,000(A).Throughthecalculation,thelabourrateis₤1.50perhourhigherthanoriginal.Thepossiblereasonsis₤1.50perhourhigherthanplanned.Thecostofdirectlabourisadversenessforthisfirm.
LabourTotalVariance:
theLabourtotalvarianceis5,000(A).Thereasonsofvariance,thecompanyhasintroducedthenewmachine,Astheresultthedirectlaborefficiencyvarianceisfavorablewhichis10,000(F).Onotherhand,thelabourrateishigherthanstandardlabourrate.Finally,leadtothelabourtotalvarianceisadverse,
4.0Therecommendationsformanagement(variances).
1.Thecompanyshouldbehadavarietyofdatainvestigationtosetupcompletedatasystem.Atthesametime,throughthedifferentvariance,thecompanycanknowmoreaboutthemarketinformation.
2.Thecompanyshouldintensifytheperformancemonitorforstaffbecausethelowerperformancewillacceleratewasteofmaterialandthenleadtothematerialusageisincrease,theperformancemonitorcanhelpthecompanyshrinkthevariance.
3.Management:
thecompanycanprovidesomemotivationpoliciestomotivatethestaffthatisworkhardandenhancetheworkenthusiasticofthestaff.Thiscanimprovethestaffworkefficiency.
PartB
5.0Usingfourdifferentmethodstoevaluatethefinancial.
5.1Identifytheaccountingrateofreturn.
ARR
Averageprofit=
=660,000
Accountingrateofreturn=
=26.4%
Thecasesshowthatthecompanyshouldhaveanaccountingrateofreturnofatleast15%,throughcalculation,theARRis26.4%.Therefore,thedatahasmeetcompanystandards.
5.2Identifythepayback.
Thecompanyhopestorecoverthecostoftheinvestmentwithin4fouryears.Infact,theyjustuse3years341days.(seeAppendix3.)
5.3IdentifytheNetpresentvalue.
TheNPVmethodcalculatesthepresentvaluesofcashinflowsandoutflowsandestablisheswhether.Basically,NPVprovidesanobjectiveforevaluatingandselectinginvestmentprojects.Moreover,ittakesintoaccountrequiredrateofreturnofcompanyandthentakesintoaccounttimevalueofmoney.Buttherearesubstantialuncertainlyfactorsinourworld.Forinstancetheinflationanddeflation,theexchangerate.
WhentheMatteck’scostofcapitalis10%.TheNPVis(46200).TheNPVvaluelessthan0.Thecompanyshouldnotinvestthisproject.(seeAppendix4.)
5.4IdentifytheInternalrateofreturn.
Whenthepresentvalueis5%,theinternalrateofreturnis9.39%.Whichlessthan10%ofcompanystandard.therefore,thecompanyshouldnotinvestthisproject.
(seeAppendix5)
6.0Recommendationsforinvestmentdecision.
1.Accordingthefourmethod,TheARRandPaybackarebothimplementforthisproject,buttheNPVandIRRarenotimplementedforthisProject.Inthiscase,thecompanyshouldfocusontheNPVandIRR.
2.Bycalculatesthenetpresentvalues,itseemsthatthedeficit,whichmeansthattheannualcashflowsarenotenoughtoallowmoreinteresttobedeductedandstillrepaytheoriginalinvestment.Thisinvestmentisunworthy.
3.Withinfiveyears.Allthemarketfactorsarechangeable.Theinformationwillhavedifferentchange.Andtherearemaybesomeothersituationsoccurred.SotheMatteckPLCshouldnotconcernwiththeproject.
7.0Conclusion
Thereportcanhelpthecompanymaketheflexbudget,andthenbyvariancesanalysisandusethefourmethodstoevaluatethefinancial.Throughtherecommendationscanhelpthecompanychoosethebestinvestmenttogainthemaximumprofits.
8.0Appendices
8.1Appendix1
MatteckPLCFlexedbudget
ForDecember2011
Originalbudget
5000units
Flexedbudget
4500units
Actualresults
4500units
Variance
F/A
₤
₤
₤
₤
DirectMaterial
180,000
162,000
160,000
2000(F)
DirectLabour
100,000
90,000
95,000
5000(A)
VariableOverheads
50,000
45,000
47,500
2500(A)
SupervisionCost
3,300
3,300
3,400
100(A)
RentandRates
1,000
1,000
1,200
200(A)
AdministrationOverheads
2,000
2,000
2,100
100(A)
Depreciation
3,000
3,000
3,000
0
Total
306,300
312,200
5,900(A)
8.2Appendix2
8.3Appendix3
Payback
Capitalcost₤2,500,00
Year1₤500,000
Year2₤600,000
Year3₤700,000
Year4₤750,000
Year5₤750,000
Total₤3,300,000
Payback=3year+
×365days
=3year341days
8.4Appendix4
Year
Annualcashflow
Presentvalue
Factorsat10%
Present
Value
₤
₤
₤
₤
0
(2,500,000)
1,000
(2,500,000)
1
500,000
0.909
454,500
2
600,000
0.826
495,600
3
700,000
0.751
525,700
4
750,000
0.683
512,250
5
750,000
0.621
465,750
2,453,800
NPV
(46,200)
8.5Appendix5
Year
Annualcashflow
Presentvalue
Factorsat5%
Present
Value
₤
₤
₤
₤
0
(2,500,000)
(2,500,000)
1
500,000
0.952
476,000
2
600,000
0.907
544,200
3
700,000
0.864
604,800
4
750,000
0.823
617,256
5
750,000
0.874
588,000
2,830,256
NPV
330,256
R=10%NPV=(46200)
R=5%NPV=330256
IRR=5%+
×5%=9.39%
- 配套讲稿:
如PPT文件的首页显示word图标,表示该PPT已包含配套word讲稿。双击word图标可打开word文档。
- 特殊限制:
部分文档作品中含有的国旗、国徽等图片,仅作为作品整体效果示例展示,禁止商用。设计者仅对作品中独创性部分享有著作权。
- 关 键 词:
- 最新 SQAHND 财政预算 34 资料
![提示](https://static.bdocx.com/images/bang_tan.gif)