Reference no: EM131209149
o Application: Using Performance Reports to Inform Organizational Decisions
Very often, managers are called upon to make decisions "by the numbers." In this Assignment, you will sort through a budget report from the fictitious Honey Bear Confections (HBC) organization in order to make decisions about productivity levels.
HBC is a small organization dedicated to making bear-shaped sweets with honey as a sugar substitute. You have just been promoted to a position as manager of the production department at HBC when your supervisor shows you the following report. She tells you to "get it fixed." You suspect she is alluding to a problem with productivity and efficiency.
For this Assignment, review the Static Budget Report provided. Additionally, you may find valuable information in your course text, especially
Exercise 6-3.
HINT: for more information about this, see the Weekly Briefing and the Performance Report video.
|
Honey Bear Confections (HBC)
Manufacturing Overhead Static Budget Report
For the Month Ended June 20XX
|
|
|
Budget
|
Actual
|
Variance (U or F)
|
|
Production in bags of candy
|
10,000
|
12,000
|
2,000F
|
|
Costs:
|
|
Indirect labor
|
$26,000
|
$31,200
|
$5,200U
|
|
Supplies
|
$25,000
|
$29,500
|
$4,500U
|
|
Utilities
|
$19,000
|
$22,500
|
$3,500U
|
|
TOTAL
|
$70,000
|
$83,200
|
$13,200U
|
The Assignment:
Part 1: Prepare a performance report using spreadsheet software, such as Excel. Hint: Read the Weekly Briefing and watch the Performance Report video on this topic.
Part 2: For the next section of this Assignment, please utilize a word processing software (such as Word) to complete the following:
Write a short memo to your supervisor explaining your findings and your recommendations.
In your memo, as part of your recommendations, take a position on the following: Do all the variance in this example need to be examined? Why or why not?
|
How aggressively should tjx expand globally
: How aggressively should TJX expand globally, and where, and when, to maximize the value of the company for shareholders
|
|
Find the profit-maximizing level of output
: Given the following total revenue (TR) and total cost (TC) functions, find the quantity of output (Q) that would maximize profit (π) - Determine the magnitude and direction of a 1-unit change in government expenditure (G0), lump-sum taxation (T0), ..
|
|
What is the annual yield on bond
: 1. Suppose you are considering investing in a zero coupon Brazilian bond that costs $800 and matures in 10 years at which point the bond will be worth $1,000. Assuming annual compounding, what is the annual yield (in percent) on this bond?
|
|
Explain how can this information help you communicate
: Explain your reasoning. Of all the articles you found on the Web site for the World Advertising Research Centre (WARC) at http://www.warc.com/, determine which was the most applicable. Explain your rationale. Explain how can this information help ..
|
|
Prepare a performance report using spreadsheet software
: Prepare a performance report using spreadsheet software, such as Excel. Hint: Read the Weekly Briefing and watch the Performance Report video on this topic.
|
|
Prepare a report on an enterprise architecture for tcrp in
: Prepare a report on an Enterprise Architecture for TCRP in 5000 Words.
|
|
Face value of the bond
: What is the price of a three year zero coupon bond if the annual interest rate in year 1 will be 3% and the annual interest rate in years 2 and 3 is 4%? The face value of the bond is $1000 and you may assume that investors treat the bond equivalen..
|
|
Determine additional information that will you need to plan
: Besides the information provided, determine additional information that you will you need to plan your communication strategy. When communicating with the planning committee, determine which form(s) of communication do you think would be most appr..
|
|
Investing in a zero coupon brazilian bond
: Suppose you are considering investing in a zero coupon Brazilian bond that costs $800 and matures in 10 years at which point the bond will be worth $1000. Assuming annual compounding, what is the annual yield (in percent) on this bond?
|