SQAHND财政预算34doc.doc

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Contents

Introduction.........................................................................................................
-2-

Theflexedbudget...............................................................................................
-2-

CalculatetheMaterialsvariances,LabourvariancesandtheTotaloverhead....-2-
,labourvariancesandthetotaloverhead...-2-
.........................................................................................
-3-

Therecommendationsformanagement(variances)...........................................-4-

Usingfourdifferentmethodstoevaluatethefinancial......................................
-5-

Identifytheaccountingrateofreturn...........................................................
-5-

Identifythepayback.....................................................................................
-5-

IdentifytheNetpresentvalue......................................................................
-5-

IdentifytheInternalrateofreturn................................................................
-6-

Recommendationsforinvestmentdecision........................................................-6-

Conclusion..........................................................................................................
-6-

Appendices..........................................................................................................
-7-
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DE3J35Outcome3&4

,Firstofall,,thiswillincludingtheMaterialsvariances,,,accordingtodataanalysis,,,Payback,NPVandIRR.
PartA

ForFlexbudgedofMatteckPLC,wecanseetheAppendix1.
,Labourvariancesand
theTotaloverhead.
,labourvariancesandthe
totaloverhead.
ThissectionshowstheAppendix2.
-2-
DE3J35Outcome3&4
.
Materialpricevariance:
Thematerialpricevarianceis?32,000(F).Accordingtothedataanalysis,itis?2/kg
:
first,theycouldreplacerawmaterials,usingalower-,the
,learnfrom
thecase,
theproductfromoverseas,accordingtodifferentexchangerate,thematerialwill
reducetheprice.
Materialusagevariance:
Thematerialusagevarianceis?30,000(A).Thepossiblereasonsincludetheeffectsof

materials,
thesametime,thecaseshowsthatthecompany'snewmachinerycanbefullyusedin

thanplanned.
Materialtotalvariance:
Thematerialtotalvarianceis2,000(F).Caseshowsthatthecompany',000(F).Ontheotherhand,thecompanyhasintroducedanewmachine,theinfluenceofmachineinstalledtime,?30000(A).EvenifThecompany’smaterialtotalvarianceis2000(F).Thecompany'smanagementstillshouldpayattentiontoTheutilizationofrawmaterials.
Labourefficiencyvariance:
TheLabourefficiencyvarianceis10,000(F).,the

-3-
DE3J35Outcome3&4
workingefficientlythroughthehigherskill.
LabourRateVariance:
TheLabourratevarianceis15,000(A).Throughthecalculation,thelabourrateis??.
LabourTotalVariance:
theLabourtotalvarianceis5,000(A).Thereasonsofvariance,thecompanyhasintroducedthenewmachine,Astheresultthedirectlaborefficiencyvarianceisfavorablewhichis10,000(F).Onotherhand,,leadtothelabourtotalvarianceisadverse,
(variances).

thesametime,throughthedifferentvariance,thecompanycanknowmoreaboutthemarketinformation.
,theperformance
monitorcanhelpthecompanyshrinkthevariance.
:thecompanycanprovidesomemotivationpoliciestomotivatethestaffthatis
.
-4-
DE3J35Outcome3&4
PartB
.
.
ARR
Averageprofit=3,300,000
5
=660,000
Accountingrateofreturn=

660,000
2,500,000
=%
Thecasesshowthatthecompanyshouldhaveanaccountingrateofreturnofatleast15%,throughcalculation,%.Therefore,thedatahasmeetcompanystandards.
.
,theyjustuse3years341days.(seeAppendix3.)
.
,,
-5-
DE3J35Outcome3&4
,theexchangerate.
WhentheMatteck’sostcofcapitalis10%.TheNPVis(46200)..(seeAppendix4.)
.
Whenthepresentvalueis5%,%.Whichlessthan10%,thecompanyshouldnotinvestthisproject.
(seeAppendix5)
.
Accordingthefourmethod,TheARRandPaybackarebothimplementforthisproject,,thecompanyshouldfocusonthe
NPVandIRR.
Bycalculatesthenetpresentvalues,itseemsthatthedeficit,whichmeansthatthe
.
.

Thereportcanhelpthecompanymaketheflexbudget,andthenbyvariancesanalysisandusethe
-6-
DE3J35Outcome3&4
.


MatteckPLCFlexedbudget
ForDecember2011
Originalbudget
Flexedbudget
Actualresults
Variance
5000units
4500units
4500units
F/A
?
?
?
?
DirectMaterial
180,000
162,000
160,000
2000(F)
DirectLabour
100,000
90,000
95,000
5000(A)
Variable
50,000
45,000
47,500
2500(A)
Overheads
SupervisionCost
3,300
3,300
3,400
100(A)
RentandRates
1,000
1,000
1,200
200(A)
Administration
2,000
2,000
2,100
100(A)
Overheads
Depreciation
3,000
3,000
3,000
0
Total
306,300
312,200
5,900(A)

-7-
DE3J35Outcome3&4

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+2,500,0001,800,000×365days
750,000
=3year341days
-8-
DE3J35Outcome3&4

Annualcash
Presentvalue
Year
Factors
at
Present
Value
flow
10%
?
?
?
?
0
(2,500,000)
1,000
(2,500,000)
1
500,000

454,500
2
600,000

495,600
3
700,000

525,700
4
750,000

512,250
5
750,000

465,750
2,453,800
NPV
(46,200)
-9-
DE3J35Outcome3&4

Year
Annualcash
Presentvalue
Present
Value
flow
Factorsat5%
?
?
?
?
0
(2,500,000)
(2,500,000)
1500,,000
2600,,200
3700,,800
4750,,256
5750,,0002,830,256
NPV
330,256
R=10%NPV=(46200)
R=5%NPV=330256
330,256
IRR=5%+×5%=%
330,256(46,200)
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