SQAHND财政预算.pdf

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Contents
...................................................................................................................-2-
......................................................................................................-2-
,LabourvariancesandtheTotaloverhead.
...................................................................................................................................................-3-
,labourvariancesandthetotal
overhead................................................................................................................................-3-
................................................................................................-3-
(variances)...................................-5-
............................-6-
.......................................................-6-
..........................................................................................-6-
......................................................................-7-
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,Firstofall,
,thiswill
includingtheMaterialsvariances,
sametime,Iwillidentifyaminimumofonepossiblecauseoftheeach
,accordingtodataanalysis,therehavebeensome
,Itwillhavefour
differentwaystoevaluatefinancialperformanceandgiverecommendations
,Payback,NPVandIRR.
PartA

ForFlexbudgedofMatteckPLC,wecanseetheAppendix1.
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,Labourvariances
andtheTotaloverhead.
,labourvariancesand
thetotaloverhead.
ThissectionshowstheAppendix2.
.
Materialpricevariance:
Thematerialpricevarianceis₤32,000(F).Accordingtothedataanalysis,itis
₤2/
threepoints:first,theycouldreplacerawmaterials,usingalower-grade
,thesuppliertoprovidesomediscountforthisbatchofraw
,learnfromthecase,thecompanyhasmanagedtolocate
,according
todifferentexchangerate,thematerialwillreducetheprice.
Materialusagevariance:
Thematerialusagevarianceis₤30,000(A).Thepossiblereasonsincludethe

usingpoorqualityrawmaterials,
,thecaseshowsthatthe
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company'
timemayhavecausedthemachinetousemorematerialsthanplanned.
Materialtotalvariance:
Thematerialtotalvarianceis2,000(F).Caseshowsthatthecompany'sraw

leadstothematerialpricevarianceis32,000(F).Ontheotherhand,the
companyhasintroducedanewmachine,theinfluenceofmachineinstalled
time,
varianceis₤30000(A).EvenifThecompany’smaterialtotalvarianceis2000
(F).Thecompany'smanagementstillshouldpayattentiontoTheutilizationof
rawmaterials.
Labourefficiencyvariance:
TheLabourefficiencyvarianceis10,000(F).Thepossiblereasonscouldincludethenew

thesametime,thecaseshowsthatthecompanyhashadtoemploymorehighly
.
LabourRateVariance:
TheLabourratevarianceis15,000(A).Throughthecalculation,thelabourrate
is₤₤
.
LabourTotalVariance:
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theLabourtotalvarianceis5,000(A).Thereasonsofvariance,thecompanyhas
introducedthenewmachine,Astheresultthedirectlaborefficiencyvariance
isfavorablewhichis10,000(F).Onotherhand,thelabourrateishigherthan
,leadtothelabourtotalvarianceisadverse,

(variances).

,throughthedifferentvariance,thecompanycanknowmore
aboutthemarketinformation.

performancewillacceleratewasteofmaterialandthenleadtothematerialusageis
increase,theperformancemonitorcanhelpthecompanyshrinkthevariance.
:thecompanycanprovidesomemotivationpoliciestomotivatethestaff

staffworkefficiency.
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PartB

financial.
.
ARR
Averageprofit=3,300,000
5
=660,000
660,000
Accountingrateofreturn=
2,500,000
=%
Thecasesshowthatthecompanyshouldhaveanaccountingrateofreturnof
atleast15%,throughcalculation,%.Therefore,thedatahas
meetcompanystandards.
.
Thecompanyhopestorecoverthecostoftheinvestmentwithin4fouryears.
Infact,theyjustuse3years341days.(seeAppendix3.)
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.
TheNPVmethodcalculatesthepresentvaluesofcashinflowsandoutflows
,NPVprovidesanobjectiveforevaluating
,ittakesintoaccountrequired
rateofreturnofcompanyandthentakesintoaccounttimevalueofmoney.

inflationanddeflation,theexchangerate.
WhentheMatteck’scostofcapitalis10%.TheNPVis(46200).TheNPV
.(seeAppendix
4.)
.
Whenthepresentvalueis5%,%.Whichlessthan10%
,thecompanyshouldnotinvestthisproject.
(seeAppendix5)
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.
,TheARRandPaybackarebothimplementforthisproject,
,thecompany
shouldfocusontheNPVandIRR.
,itseemsthatthedeficit,whichmeans
thattheannualcashflowsarenotenoughtoallowmoreinteresttobe

unworthy.


.

Thereportcanhelpthecompanymaketheflexbudget,andthenbyvariancesanalysis

helpthecompanychoosethebestinvestmenttogainthemaximumprofits.
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MatteckPLCFlexedbudget
ForDecember2011
OriginalFlexedActualresultsVariance
budgetbudget4500unitsF/A
5000units4500units
₤₤₤₤
DirectMaterial180,000162,000160,0002000(F)
DirectLabour100,00090,00095,0005000(A)
Variable50,00045,00047,5002500(A)
Overheads
SupervisionCost3,3003,3003,400100(A)
RentandRates1,0001,0001,200200(A)
Administration2,0002,0002,100100(A)
Overheads
Depreciation3,0003,0003,0000
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Total306,300312,2005,900(A)


Payback
Capitalcost₤2,500,00
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Year1₤500,000
Year2₤600,000
Year3₤700,000
Year4₤750,000
Year5₤750,000
Total₤3,300,000
2,500,0001,800,000
Payback=3year+×365days
750,000
=3year341days

Present
Annualcashvalue
YearPresentValue
flowFactorsat
10%
₤₤₤₤
0(2,500,000)1,000(2,500,000)
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1500,,500
2600,,600
3700,,700
4750,,250
5750,,7502,453,800
NPV(46,200)
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Present
Annualcashvalue
YearPresentValue
flowFactorsat
5%
₤₤₤₤
0(2,500,000)(2,500,000)
1500,,000
2600,,200
3700,,800
4750,,256
5750,,0002,830,256
NPV330,256
R=10%NPV=(46200)
R=5%NPV=330256
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330,256
IRR=5%+×5%=%
330,256(46,200)
..