Calculate the allocations and totals, Cost Accounting

A company wishes to devise a fair means of allocating funds to its four main departments, namely Accounts, Production, Sales and Transport. The total allocation is to be £100,000. A suggested means of allocation is to award each department an initial base allocation of, say, £10,000 and to divide the remainder in proportion to the number of staff in each department.  It has been noted that certain staff use up the available budget at a far greater rate than others and, as this is (usually) on company business, the allocation formula must make allowances for such staff.  Initially it has been decided to divide the staff into two categories, A and B, and to weight the allocation in favour of those in category A (i.e. if the Weight is 3 then staff in category A are to be allocated an amount 3 times those in Category B).

Question 1, Part 1 You are asked to devise a spreadsheet to allow the financial director to explore the possibilities of varying only the Base Allocation and the Weight.  Note that the Weight has to be a positive integer between 1 and 7 inclusive.

A typical screen layout may be of the form:

Total Allocation   £100,000                 Base Allocation   £10,000                   Weight  3

Department

No. of Category A Staff

No. Of Category B Staff

             Allocation

Accounts

  7

  5

£19,570.55

Production

10

25

£30,245.40

Sales

15

  5

£28,404.91

Transport

  6

14

£21,779.14

Totals

38

49

£100,000

Produce such a spreadsheet which will calculate the allocations and totals.          

Question 1, Part 2 The management also require the facility to provide a listing of the Departments and Allocation ordered by the final allocation figures by clicking on an appropriately labelled button.  Provide this facility.

Question 1, Part 3  In addition, the financial director wishes to explore the flexibility available if it is required to guarantee, for example, that the Production Department is allocated a minimum of £32,000 without changing the total amount available. Provide another version of the spreadsheet on a separate sheet which enforces this minimum allocation.

Question 1 Requirement

Part 1 - Spreadsheet implementing weighting

Part 2 - Listing button generating ordered Department & Allocation list

Part 3 - Spreadsheet with minimum allocation of £32,000 enforced

Posted Date: 3/12/2013 3:33:25 AM | Location : United States







Related Discussions:- Calculate the allocations and totals, Assignment Help, Ask Question on Calculate the allocations and totals, Get Answer, Expert's Help, Calculate the allocations and totals Discussions

Write discussion on Calculate the allocations and totals
Your posts are moderated
Related Questions
Cash is the other form of fund although in a narrow sense, this refers to a supply which can be drawn upon as per to the need. Here the term cash involves both cash and cash equiva

Cost sheet is a declaration of cost for a product for given period of time.

Weighted Average Method This way is a perpetual weighted average system whereas the issue price is recalculated after one of receipt of stocks taking into accounts both money

The following information is provided to you concerning Lydia Ltd as at 30 June 2012.  Assume a company tax rate of 30%. (i) The balance of rent received in advance in the balan

the formula of culculating product cost per unit

The following is a summary of a cash book for the year ended 31 April 2012 Payments                                              $              Receipts

elements for jobwork COST SHEET

Functional Classification of Costs Beneath this classification, costs are classified according to the function they execute in an organization.  Costs can functionally be clas

what are the advantages and disadvantages of marginal costs plus a fixed lump-sum fee?

Assignment of Variance in Variance Calculation In variances calculating, the calculations require to be detailed sufficient hence the responsibility for the variance can be a