Assignment Cover Sheet Student Name: Student Number: School of Law and Business Charles Darwin University Casuarina NT 0909 Phone: (08) 8946 6830 KUSH. 272261 Unit Name: Unit Code: ACCOUNTING FOR MANAGERS PRBA007 Lecturers Name: ANNA COOSHNA Assessment Title ASSIGNMENT 2 Semester: Year: Assignment 2 1 2014 Due Date: Lodgment Date: Applied for Extension 02/11/2014 02/11/2014 NO Lodgment Locations: (refer to specific lodgment requirements as set out by the lecturer) DO NOT LODGE
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1 Quarter 2 XQ- 103 20‚000 25‚000 XQ-104 12‚000 15‚000 No changes in selling prices are anticipated. Complete the sales budget for the 2 quarters ending June 30‚ 2010. List the products and show for each quarter and for the 6 months‚ units‚ selling price‚ and total sales by product and in total. ZELLER ELECTRONICS INC. Sales Budget For the Six Months Ending June 30‚ 2010 Quarter 1 Product Units Selling Price Total Sales XQ-103 20‚000 $12 $240‚000 XQ-104 12‚000 25 300‚000 Totals 32‚000
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materials price and quantity variances for April: (Input all amounts as positive values. Leave no cells blank - be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favourable‚ "U" for unfavourable‚ and "None" for no effect (i.e.‚ zero variance). Round your intermediate calculations to 2 decimal places and final answers to the nearest whole dollar.) | | | | Materials price variance | $ 216 | F | Materials quantity variance | $ 2048
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2 Discussion 2 Costing method & purpose of variance analysis 2 Key findings 3 Material price variance 3 Material usage variance 3 Labour rate variance 4 Labour efficiency variance 5 Variable overhead variance 5 Fixed overhead expenditure variance 6 Fixed overhead volume variance 6 Variable selling and distribution variance 6 Sales variance 7 Responding to publicity 7 Conclusion 8 Appendix 1: Key findings of variance analysis 9 Appendix 2: Profit Magin‚ Mark-up and
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margin/contributions variances | | | | | | | actual sales made this period | | | standard mix proportion is: | | | actual sales at standard mix | | | | | | | | | | | | | budgeted sales | | | | budgeted sales margin | | | =budgeted sales revenue | | | | | | | | | | | | | actual sales | | | | actual sales margin | | | | =actual sales revenue | | | | | | | | | | | | | * * total sales margin variance | | | |
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departments applying "Repeated distribution method". 2 The standard mix of product ‘X’ is as follows : 11 Material Kgs. Price per kg. Rs. A 50 5 B 20 4 C 30 10 100 The standard loss in production is 10% of the input. There is no scrap value. Actual production of product ‘X’ was 5400 kgs. Actual consumption of material and cost were as follows : Material Kgs. Price per kg. A 3‚170 5.50 B 1‚260 3.75 C 1‚920 9.50
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* Question 1 0 out of 2.5 points | | | The least effective way to determine random numbers is toAnswer | | | | | Selected Answer: | use the "pseudo random numbers" produced by the special equations in computers. | | | | | * Question 2 0 out of 2.5 points | | | The items below are based on the following scenario. In a third world country‚ 100 randomly selected people were surveyed about their socioeconomic class and religious affiliation. The results and an
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65 lakh Loss (Rs.) 2.4 lakh Compute : (i) 3 lakh - Break even sales volume Profit or loss at Rs. 46 lakh sales Sales to earn a profit of Rs. 5 lakh. (b) Calculate Direct Material Cost Variances Direct Material usage variance and Direct Material Price Variance from the following information : Finished production during the period 1000 units Opening Stock of material 1000 kg. Closing Stock of material 2000 kg.
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Bangladesh Open University CEMBA/CEMPA Program Semester 122 Course : Management and Organization Submit by : September 20‚ 2013 Instructions for Assignment Submission 1. Assignments must be submitted on A4 size paper in own hand writing. 2. Completed cover must be used on the top of each assignment (For specimen cover page‚ see page-3 of the Semester Calendar) 3. Assignments must be submitted to the coordinator of the study center you are attached with. 4. Spiral binding must be avoided
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TABLE OF CONTENTS Introduction 3 undefined depreciation 4 Supply chain Distribution costs 4-5 Executive and Administrative compensation 5-6 utility Expenses 6 sales projections 7 flexible budget 7-8 Favorable and Unfavorable Variance Analysis 8 master budget 9-12 management by EXCEPTION 13-15 References 16 Introduction For a business to grow and survive in today ’s dynamic environment where profit margins are squeezed and businesses are forced to operate with lower
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