财政预算 hnd.doc

DE3J 35: Preparing Financial Forecast PAGE \* MERGEFORMAT 1 Introduction The report is going to show the flexed budget for the Tricol plc and the investment evaluation and produce a report to the management of the company. PART A For June Per Unit Expected Budget 2,000 units Flexed Budget 1600 units Actual 1600 units Variance F/A ￡ ￡ ￡ ￡ ￡ Raw Material cost 40 80,000 64,000 61,600 2,400 F Direct Material used 4 80,000 6,400 5,600 800 F Direct Labor cost 18 36,000 28,800 35,200 6,400 A Direct Labor used 2 4,000 3,200 3,520 320 A Variable Production Overheads 2 4,000 3,200 3,200 0 Fixed Cost Insurance costs 2,200 2,200 2,400 200 A Depreciation 1,500 1,500 1,500 0 Rent and Rates 2,500 2,500 2,500 0 Administration overheads 2,000 2,000 2,200 200 A Total Cost of production 128,200 104,200 108,600 4,400 A Flexible budget for Tricol plc The calculation of the variances: Materials Direct material total variance: (Standard units of actual production x standard price)- (actual quantity x actual price) (1,600units×4kg×￡10/kg)- ￡61,600 =2,400(F) Direct material usage variance: Standard price× (standard units of actual production -actual quantity) (￡10/kg)× (1600units×4kg-5,600kg =8,000(F) Direct material price variance: Actual quantity× (standard price-actual price) 5600kgs× (￡10/kg-￡11/kg) =5,600(A) Labor Direct labor total variance: (Standard hours of actual production ×standard rate)- (actual hour× actual rate) (2hours×￡9/hours×160￡0units)- (3520hours×￡10/hours) =6,400(A) Direct Labor rate variance Actual hour× (standard rate- actual rate) 3,520hours× (￡9/hours-￡10/hours) =￡3,520(A) Direct labor efficiency variance Standard rate× (standard hours of actual production-actual hours) (1600units×2hours×￡9/kg)- 3,520hours =2,880(A) Overhead Overhead absorption rates: Variable+ fixed budgeted overheads Total budgeted activity = ￡3,200+￡2,200+￡1,500+￡2,500+￡2,000 1,600units = ￡7.125/unit Total overhead variance: Total standard overhead for actual