sqahnd财政预算34doc.docx

sqahnd财政预算34doc.docx

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sqahnd财政预算34doc

Contents

1.0

Introduction.........................................................................................................

-2-

2.0

Theflexedbudget...............................................................................................

-2-

3.0

CalculatetheMaterialsvariances,LabourvariancesandtheTotaloverhead....-2-

3.1Directthematerialsvariances,labourvariancesandthetotaloverhead...-2-

3.2Varianceanalysis.........................................................................................

-3-

4.0

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

5.0

Usingfourdifferentmethodstoevaluatethefinancial......................................

-5-

5.1

Identifytheaccountingrateofreturn...........................................................

-5-

5.2

Identifythepayback.....................................................................................

-5-

5.3

IdentifytheNetpresentvalue......................................................................

-5-

5.4

IdentifytheInternalrateofreturn................................................................

-6-

6.0

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

7.0

Conclusion..........................................................................................................

-6-

8.0

Appendices..........................................................................................................

-7-

1.0Introduction

Thisreportwilldividedintotwoparts.PartAandPartB.InPartA,Firstofall,Iwillprepareaflexedbudgetinlinewithactualactivity.Second,thiswillincludingtheMaterialsvariances,Labourvariancesandtotaloverhead.Atthesametime,Iwillidentifyaminimumofonepossiblecauseoftheeachvariance.Finally,accordingtodataanalysis,therehavebeensomerecommendationstomanagementofMatteckPLC.InPartB,ItwillhavefourdifferentwaystoevaluatefinancialperformanceandgiverecommendationsforMatteckPLC.ThesewaysareARR,Payback,NPVandIRR.

PartA

2.0Theflexedbudget

ForFlexbudgedofMatteckPLC,wecanseetheAppendix1.

3.0CalculatetheMaterialsvariances,Labourvariancesand

theTotaloverhead.

3.1Directthematerialsvariances,labourvariancesandthe

totaloverhead.

ThissectionshowstheAppendix2.

3.2Varianceanalysis.

Materialpricevariance:

Thematerialpricevarianceis?

32,000（F）.Accordingtothedataanalysis,itis?

2/kg

lessexpensivethanplanned.Thepossiblereasonscanbedividedintothreepoints:

first,theycouldreplacerawmaterials,usingalower-gradematerial.Second,the

suppliertoprovidesomediscountforthisbatchofrawmaterials.Finally,learnfrom

thecase,thecompanyhasmanagedtolocatenewmaterialsfromanoverseas.Dueto

theproductfromoverseas,accordingtodifferentexchangerate,thematerialwill

reducetheprice.

Materialusagevariance:

Thematerialusagevarianceis?

30,000（A）.Thepossiblereasonsincludetheeffectsof

rawmaterialsandtheinfluenceofthemachine.Ifthecompanyusingpoorqualityraw

materials,itmaybemoredifficulttowork.Thiswillincreasethewastematerials.At

thesametime,thecaseshowsthatthecompany'snewmachinerycanbefullyusedin

thesecondweek.Thedelaytimemayhavecausedthemachinetousemorematerials

thanplanned.

Materialtotalvariance:

Thematerialtotalvarianceis2,000（F）.Caseshowsthatthecompany'srawmaterialsarefromoverseassuppliers.Thiswillreducesomecosts.Whichleadstothematerialpricevarianceis32,000（F）.Ontheotherhand,thecompanyhasintroducedanewmachine,theinfluenceofmachineinstalledtime,causedsomewastedofmaterials.Thismakesthematerialusagevarianceis?

30000（A）.EvenifThecompany’smaterialtotalvarianceis2000（F）.Thecompany'smanagementstillshouldpayattentiontoTheutilizationofrawmaterials.

Labourefficiencyvariance:

TheLabourefficiencyvarianceis10,000（F）.Thepossiblereasonscouldincludethenewmachinetoimprovestaffworkefficiency.Usingnewmachinecanlesslabourhours.Atthesametime,the

caseshowsthatthecompanyhashadtoemploymorehighlyqualifiedstaff.Theycanincreasethe

workingefficientlythroughthehigherskill.

LabourRateVariance:

TheLabourratevarianceis15,000（A）.Throughthecalculation,thelabourrateis?

1.50perhourhigherthanoriginal.Thepossiblereasonsis?

1.50perhourhigherthanplanned.Thecostofdirectlabourisadversenessforthisfirm.

LabourTotalVariance:

theLabourtotalvarianceis5,000（A）.Thereasonsofvariance,thecompanyhasintroducedthenewmachine,Astheresultthedirectlabor