Reference no: EM131437362
Question: Bradley-Allen Ltd makes one standard product. Its budgeted operating statement for May is as follows:
1. 950 units were sold for a total of £73,000.
2. 310 kilos (costing £15,200) of type A material were used in production.
3. 920 metres (costing £18,900) of type B material were used in production.
4. Skilled workers were paid £4,628 for 445 hours.
5. Unskilled workers were paid £11,275 for 1,375 hours.
6. Fixed overheads cost £11,960. There were no inventories of finished production or of work in progress at either the beginning or end of May.
Required:
(a) Prepare a statement that reconciles the budgeted to the actual profit of the business for May, through variances. Your statement should analyse the difference between the two profit figures in as much detail as you are able.
(b) Explain how the statement in (a) might be helpful to managers.
Strategic policy approaches to human resources management
: Name and define the 4 Strategic Policy Approaches to Human Resources Management? Name and define the 4 dimensions of complexity when explaining the difference between Global Leadership and Domestic Leadership? Name the 7 steps managers in a formal st..
|
Producing the main dashboard structure for new car design
: Plainwell Polymers is going to producing the main dashboard structure for a new car design. The injection-molding machine can produce a total of 975 parts per day running 24 hours per day. If Plainwell is going to produce the parts using a cyclic sch..
|
How should the project manager proceed
: A pharmaceutical company is working to introduce a new drug to cure a disease. The drug trials are taking longer than expected, and the marketing team wants to start advertising the drug within 2 weeks. As the project manager, you are under pressu..
|
Analysts responsible for preparing organizations budget
: You work on a team of four budget analysts responsible for preparing the organization's budget. The budget is prepared at the same time each year and involves gathering and compiling input from several departments. What steps would you take to minimi..
|
Prepare a statement that reconcile the budgeted of business
: Prepare a statement that reconciles the budgeted to the actual profit of the business for May, through variances. Your statement should analyse the difference between the two profit figures in as much detail as you are able.
|
The ruling passion forum
: Aristotle, in his Ethics, argues that there are three possible ways to live your life...and each way of life accords with a "ruling passion" in our selves. The first is the passion for pleasure, the second is the passion for honor/fame, and the third..
|
Benefits and potential problems associated with conflict
: Using a practical example, what are the benefits and potential problems associated with conflict? What are examples of strategies that can be applied for resolving conflict?
|
A key legal or ethical issue affecting health care
: For this final assignment, research a variety of integral concepts impacting the health care sector. Specifically, identify, explain, and discuss the following:A key legal or ethical issue affecting health care,A key advancement in research or tech..
|
Represents the phenotypes of the children
: Two parents, each with one normal allele and one allele for cystic fibrosis, have children. Which list most completely represents the phenotypes of the children this couple could possibly have?
|