University : Australian Ideal College UniLearnO is not sponsored or endorsed by this college or university.
Subject Code : BSBFIM501
Country : Australia
Assignment Task

 

Case study

Hasan works for a company that manufactures shower screens. He is the cost centre manager for the production area. For the four products they manufacture, sales at the end of February are in the table below.

Product Unit Value ($)

Basic 150 37,500 (250 per unit)

Standard plus 250 125,000 (500 per unit)

Deluxe 200 150,000 (750 per unit)

Super deluxe 100 100,000 (1000 per unit)

The above production is standard from month to month and the costs involved are below.

Product Labour per unit (hours) Material cost per unit ($) Overhead contribution per unit ($)

Basic 2.0 100 10

Standard plus 3.0 250 20

Deluxe 4.0 480 34

Super deluxe 5.0 600 43

Labour is costed at $50 per hour and includes contributions to leave entitlements and superannuation. Material costs are fixed with a supply contract for the standard quantities required each month.

Hasan is advised that the company has just won an extra special order for the supply of shower screens for a refit of a hotel, and the products are required by the end of March. The quantities and agreed per unit price are below.

Product Required Unit Price agreed per unit ($)

Basic 30 275

Standard plus 50 550

Deluxe 10 750

Super deluxe 5 900

Production for March will now be the usual monthly production as per February above, plus the new contract commitment.

 

(a) Explain in your own words the role of a budget and its relationship with the strategic objectives of an organisation.

 

This BSBFIM501 - Finance Assignment has been solved by our Finance experts at UniLearnO. Our Assignment Writing Experts are efficient to provide a fresh solution to this question. We are serving more than 10000+ Students in Australia, UK & US by helping them to score HD in their academics. Our Experts are well trained to follow all marking rubrics & referencing style.
Be it a used or new solution, the quality of the work submitted by our assignment experts remains unhampered. You may continue to expect the same or even better quality with the used and new assignment solution files respectively. There’s one thing to be noticed that you could choose one between the two and acquire an HD either way. You could choose a new assignment solution file to get yourself an exclusive, plagiarism (with free Turnitin file), expert quality assignment or order an old solution file that was considered worthy of the highest distinction.

Eureka! You've stumped our genius minds (for now)! This exciting new question has our experts buzzing with curiosity. We can't wait to craft a fresh solution just for you!

  • Uploaded By : Brett
  • Posted on : July 28th, 2019

Whatsapp Tap to ChatGet instant assistance