Reference no: EM131435920
Assignment
1: What is Zero based budgeting?
2: A company's annual sales budget is for 120,000 units, spread equally through the year. It needs to have one and three quarter's month stock at the end of each month. If opening stock is 12,000 units, what are the number of units to be produced in the first month of the budget year?
3: The standard costs for a manufacturing business are £12 per unit for direct materials, £8 per unit for direct labour and £5 per unit for manufacturing overhead. The sales projection is for 5,000 units, 3,500 units need to be in stock at the end of the period and 1,500 units are in stock at the beginning of the period. What will the production budget show in costs for that period?
4: Receivable increase by £15,000 and payables increase by £11,000. What is the effect on cash flow from the Statement of Cash Flow from these two items?
5: Randy Airplanes Ltd is a privately owned business. It has budgeted for profits (after deducting depreciation of £41,000) of £150,000. Debtors are expected to increase by £20,000, inventory is planned to increase by £5,000 and creditors should increase by £8,000. Capital expenditure is planned of £50,000, income tax of £35,000 has to be paid and loan repayments are due totaling £25,000. What is the forecast cash position of Randy's at the end of the budget year, assuming a current bank overdraft of £15,000?
6: What are a flexible, incremental, and activity-based budget? Please explain each.
7: A company has budgeted for materials of £170,000 but the actual costs are £164,000. The company has also budgeted for labour of £130,000 with actual costs being £133,000. What is the expense variance and is it favorable or adverse?
a: How do increases/decreases in costs and/or prices effect each of the variances in standard costing?
b: How do increases/decreases in production labor effect each of the variances in standard costing?
8: What is the difference between Kaizen costing, target costing, and life cycle costing?
9: Trans PLC estimates that a new product will sell in sufficient quantities to justify its manufacture at a selling price of £175. The company needs to invest £5 million to produce a quantity of 10,000 of these new products per year and requires a return on that investment of 12% per annum. The current prediction is that the product will cost £140 to manufacture. How should Trans reengineer its costs to achieve the target selling price and target rate of return?
10: SkinTan's top five customers generate sales revenue of £950,000 per annum. Each generates a different gross margin as a consequence of price negotiations that have been carried out over several years. Because of their location, each customer incurs different distribution expenses. Sales commissions are paid at the rate of 6% on all sales. Fixed costs are customer specific, covering salaries of sales and office staff who service each customer. The following table shows the information for each of the top customers for the previous year.
Sales
|
250,000
|
250,000
|
200,000
|
150,000
|
100,000
|
Gross margin %
|
30%
|
25%
|
21%
|
37%
|
39%
|
Distribution expenses
|
30,000
|
14,000
|
25,000
|
12,000
|
6,000
|
Fixed costs
|
30,000
|
25,000
|
16,000
|
15,000
|
10,000
|
Carry out a customer profitability analysis and make recommendations in relation to any future strategies SkinTan should take in relation to its top customers.
Rope of negligible mass
: A 1.83-kg bucket is tied to a rope of negligible mass. The rope is wrapped around a pole that is mounted horizontally on frictionless bearings. The cylindrical pole has a diameter of 0.484 m and a mass of 4.91 kg.
|
Motor deliver if the turntable
: An LP turntable must spin at 3.520 rad/s to play a record. How much torque must the motor deliver if the turntable is to reach its final angular speed in 1.900 revolutions, starting from rest?
|
Research a recent article on auditing acquisitions
: Research a recent article on auditing acquisitions, payments, property plant and equipment (fixed assets), notes payable, or owner's equity. Apply what you learn to your future or current job.
|
Find the kinetic energy ka of particle
: Using the formula for kinetic energy of a moving particle K=1/2 mv2, find the kinetic energy Ka of particle a. Using the formula for kinetic energy of a moving particleK=12mv2, find the kinetic energy Kb of particle b.Express your answer in terms o..
|
What is zero based budgeting
: What is Zero based budgeting? How do increases/decreases in costs and/or prices effect each of the variances in standard costing? What will the production budget show in costs for that period?
|
Access the faces of abnormal psychology website
: Finally, in the Assessment section, you can complete an optional multiple-choice quiz. You have to write a case report for each case study. You should use the format provided on the web page. There is a sample report that you can also view by clic..
|
Magnitude of the force on a 30 m section
: Three long wires all lie in an xy plane parallel to the x-axis. They are spaced equally, 10 cm apart. The two outer wires each carry a current of 5.0 A in the positive x direction. What is the magnitude of the force on a 3.0 m section of either of..
|
Find an estimate of the true mean decibel level
: Find an estimate of the true mean decibel level for a facial expression value of x = 0.40.- Find a 95% confidence interval for the true mean decibel level for a facial expression value of x = 0.40.
|
Padding than a conventional glove
: Why does a baseball catcher's mitt have more padding than a conventional glove? If you place a box on an inclined plane, it gains momentum as it lectures down. What is responsible for this change in momentum?
|