Can someone help me with budgeting practice assesment 1 task 3 and b please thank you
clementina
Registered Posts: 12
Can someone help me with budgeting task 3 and b please thank you I'm confused thank you
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*1 Sales revenue: £1377000 (£1281600/178000*192000)
£1377000Actual £1382400 Flexed =5400 Adverse
*2 Materials: 500100(flexed:462800/178000*192000)
£500100Actual £499200Flexed= 900Adverse
*3 Labour: £516500(480600/178000*192000)
£516500Actual£518400= 1900Fav
*4 Distribution: £74200(67640/178000*192000)
£74200Actual£72960Flexed = 1240Adverse
*5 Energy: £65080(£60860£12800/17800*192000)+££12800
=£65080(£48060/178000*192000)+£12800
£65080Actual£64640Flexed=440Adverse
*6 Equipment:
ACTUAL:
178000units/30000 budgeted increase units=5.93......
30000*5 =150000
.93... = 30000 (any additional unit)
EQUAL 180000 ACTUAL UNITS
BUDGET:
192000units/30000 budgeted increase units =6.4
30000*6 = 180000
.4 = 30000
EQUAL 210000 BUDGETED UNITS
SO £28600( £24000/180000*210000)
£28600£28000 FLEXED BUDGET =600ADVERSE
NOTE: You can just round up the answer you get from dividing the ACTUAL & BUDGETED UNITS BY BUDGETED INCREASE IN UNITS to the nearest whole number.
ie 192000units/30000= 7 and then MULTIPLY it by the BUDGETED INCREASE UNITS 30000 (7*30000 = 210000 as calculated above for BUDGETED UNITS).
ADD all COSTS FAVS and DEDUCT all ADVERSES
1900+100+780 (900A+1240A+440A+600A+900A)
=2780F4080A = 1300
FLEXED ACTUAL VARIANCE
Sales revenue 1382400 1377000 5400
TOTAL 1295600 1296900 1300
please see above workings for FLEXED and ACTUAL figures
OPERATING PROFIT/LOSS 86800 80100 6700
HOPE THIS HELPS
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