Management Performance Evaluation Assignment

As a trainee management accountant, you are supplied with the following information. Sales for October, November, and December are expected to be £200,000, £180,000, and £220,000, respectively. All sales are “on-credit” and a 2% cash discount is given if paid within 30 days. Sales are collected 50% in the month-of-sale and 50% in the following month. Accordingly, one-half of all sales discounts accounted for (on average). Materials are purchased one month before being required, and all purchases and expenses are paid for as they happen.

Activities for the quarter are expected to be:

Don't use plagiarized sources. Get Your Custom Essay on
Management Performance Evaluation Assignment
From as low as $9/Page
Order Essay

October November December Materials used £40,000 £36,000 £44,000 Salaries £70,000 £68,000 £72,000 Maintenance and repairs £18,000 £18,000 £18,000 Depreciation £36,000 £36,000 £36,000 Utilities and other £14,000 £14,000 £14,000 Dividends paid £10,000 Payment on bonds £8,000 £8,000 £8,000

Required: Using the given information, calculate the budgeted net cash flow for November. (30% of the marks)

Management Performance Evaluation

Part B: Browning Ltd. has the following budgeted sales for the selected six-month period: Month Unit Sales June 15,000 July 20,000 August 35,000 September 25,000 October 30,000 November 20,000 There were 7,500 units of finished goods in inventory at the beginning of June. Plans are to keep an inventory of finished product equal to 20 percent of the unit sales for the next month. Three kgs of materials are required for each unit produced. Each kg of material costs £20. Inventory levels for materials equal 30 percent of the needs for the next month.

Required:

(a) Prepare production budgets in units for July, August, and September. (15% of the marks)

(b) Prepare a materials purchases budget in kgs and £s for July, August, and September. (30% of the marks)

(c) Briefly explain any criticisms of the traditional budgeting system, and how budgeting relates to “management performance evaluation”

How to place an order?

Take a few steps to place an order on our site:

  • Fill out the form and state the deadline.
  • Calculate the price of your order and pay for it with your credit card.
  • When the order is placed, we select a suitable writer to complete it based on your requirements.
  • Stay in contact with the writer and discuss vital details of research.
  • Download a preview of the research paper. Satisfied with the outcome? Press “Approve.”

Feel secure when using our service

It's important for every customer to feel safe. Thus, at The Homework Writings, we take care of your security.

Financial security You can safely pay for your order using secure payment systems.
Personal security Any personal information about our customers is private. No other person can get access to it.
Academic security To deliver no-plagiarism samples, we use a specially-designed software to check every finished paper.
Web security This website is protected from illegal breaks. We constantly update our privacy management.

Get assistance with placing your order. Clarify any questions about our services. Contact our support team. They are available 24\7.

Still thinking about where to hire experienced authors and how to boost your grades? Place your order on our website and get help with any paper you need. We’ll meet your expectations.

Order now Get a quote