HND财政预算报告outcome2.docVIP

PAGE   HYPERLINK /  更多企业学院： 《中小企业管理全能版》183套讲座+89700份资料《总经理、高层管理》49套讲座+16388份资料《中层管理学院》46套讲座+6020份资料?《国学智慧、易经》46套讲座《人力资源学院》56套讲座+27123份资料《各阶段员工培训学院》77套讲座+ 324份资料《员工管理企业学院》67套讲座+ 8720份资料《工厂生产管理学院》52套讲座+ 13920份资料《财务管理学院》53套讲座+ 17945份资料?《销售经理学院》56套讲座+ 14350份资料《销售人员培训学院》72套讲座+ 4879份资料 Introduction Tricol plc a company who makes a range of furniture and kitchenware. And one of its most popular products is the ‘Zupper’ expandable table. The purpose of writing this report is to do the variance analysis, project evaluation and to compare the budget and actual data by using the technique. Findings Part A Possible Reason for Variances 1. Material Direct Material – Total - ￡2,400 F made up: Direct Material Usage –￡20000 F (Level of significance –usage/total budgeted Material costs = 8,000/64,000 = 12.5% 3%, should be reviewed) 2000 kg less materials are used than budgeted for the actual level of production. Possible reason may be using the higher-grade material with less wastage. Or the new machinery use less materials and incurs less wstage. Direct Material Price –￡5,600 A (5,600/64,000=8.75% 3%) It is ￡1 per kg more expensive than planned Possible reason: New material supplier does not give discounts for materials. Hither-grade materials have been used which is more expensive. 2. Labour Direct Labour Total - ￡6,400A Direct Labour Rate –￡3,520A (3,520/28,800=12.2%3%) On average, the actual labour rate is ￡1/hour higher than budgeted Possible reason: The wage settlement is higher than expected The new machine requires trainings so that overtime required more than expected. Direct labour Efficiency - ￡2000 A3%)4.16% Actually, more than 200 labour hours have been used than budgeted. Possible reason: New machinery requires more hours for training.. Human resource issues – the skilled operatives is not enough. 3．Total Overhead - ￡600 F Rate is 4.70% Unpredicted increase in insurance and Administration costs Possible reaso