[代写范文]编号171266 英国会计论文代写

这是我们在2017年为英国谢菲尔德大学的客户代写的一篇范文essay,是一篇management accounting的case study,以下是我们节选的分享片段。

i. The difference in dollar amount of Gross Profit over the two years presented.

The reported gross profits in both two years are 36,000. Thus, there is no difference in amount of gross profit over the two years.

ii. Determine the Gross Profit % for each year.

Current YearPrevious Year
Gross Profit36,00036,000
Net Sales100,00090,000
GP %36%40%

iii. Based on Gross Profit % above, which year is more profitable?

Gross profit in current year is 36%, which is lower than that in previous year. Therefore, previous year is more profitable from the perspective of gross profit percentage.

iv. Based on your knowledge of traditional cost accounting system and related analytical tools: 1. Identify for each of the presented years, whether the variances used to adjust the standard Cost of Sales are favorable or unfavorable. 2. Provide a brief explanation of the noted change in variances above over the presented years.

Current Year Amount:

F/U*

Previous Year Amount: F/UExplanation
1Material Price Variance

 

(3,000) F10,000 UThe actual material price per unit in the current year has been better controlled, which is lower than the standard price per unit.
2Material Usage Variance

 

(2,000) F5,000 UThe actual quantity per unit consumed in the current year is lower than the standard quantity. It means that the company performs better in material usage control in the current year.
3Labour Efficiency Variance

 

7,000 U(8,000) FThe actual hours per unit are higher than the standard hours per unit in the current year. Labour efficiency has decreased.
4Labour Rate Variance

 

(2,000) F9,000 UThe actual rate per hour paid to labour is lower than the standard. It saves the current year’s labour cost.
5Overhead Volume Variance

 

2,000 U2,000 UBoth two years perform the same unfavourable overhead volume variance. Both two years’ actual units produced are less than the budgeted.
Overhead Spending Variance

 

(2,000) F8,000 UThe current year’s actual variable overhead per unit is less than the standard. A better management over variable overhead is achieved in the current year.
7Overhead Efficiency Variance

 

16,000 U(17,000) FThe current year has used more hours then the standard, but the previous year is on the contrary. It indicates inefficient use of overheads in the current year

*F: Favourable variance, U: Unfavourable variance

a. Lean Income Statement (Table 2).
i. Prepare a vertical analysis by calculating the percentage of each component of Cost of sales to Net Sales. (Round to the hundredth, two decimals).

Current Year%Previous Year%
Net Sales         100,000100%     90,000100%
Cost of Sales:
Purchases           25,30025.3%     34,90038.78%
Inventory Material: (increase)/decrease             6,0006%(6,000)(6.67%)
Total Material Costs           31,30031.3%     28,90032.11%
Processing Costs:
Factory Wages           11,00011%     11,50012.78%
Factory Salaries             2,1002.1%        2,0002.22%
Factory Benefits             7,0007%        5,0005.56%
Services and Supplies             2,2002.2%        2,5002.78%
Equipment and Depreciation             2,0002%        1,9002.11%
Scrap             2,0002%        4,0004.44%
Total Processing Costs           26,30026.3%     26,90029.89%
Occupancy Costs:
Building Depreciation                2000.2%           2000.22%
Building Services             2,2002.2%        2,0002.22%
Total Occupancy Costs             2,4002.4%        2,2002.44%
Total Manufacturing Costs:           60,00060%     58,00064.44%
Inventory/Labor, Overhead: (Increase)/Decrease             4,0004%(4,000)(4.44%)
Cost of Sales           64,00064%     54,00060%
Gross profit           36,00036%     36,00040%

ii. Calculate the increase or decrease (as a percent of Net sales) for the following components below and comment on their changes.

Current Year %Previous Year %Increase/(Decrease) %Explanation and interpretation of changes
Inventory Material: (increase)/decrease

 

 

6%(6.67%)12.67%Inventory material increases in the current year. It affects the company’s profitability. The company needs to control its inventory material cost.
Total Processing Costs

 

 

26.3%29.89%(3.59%)The proportion of total processing costs to the net sales has decreased by 3.59%. The saved processing costs positively affect profitability.
Total Occupancy Costs

 

 

2.4%2,44%(0.04%)The proportion of total processing costs to the net sales has decreased by 0.04%. It enhances the profitability.
Inventory/Labor, Overhead: (Increase)/Decrease

 

4%(4.44%)8.44%The proportion of overhead to the net sales has increased by 8.44%. This change hinders the profitability largely.
Cost of Sales

 

 

 

64%60%4%The proportion of costs of sales to net sales has increased by 4%, indicating a weaker profitability in the current year.
Gross profit

 

 

 

36%40%(4%)The gross profitability in the current year has decreased by 4%. It means that the company’s profitability becomes weaker.

iii. In your opinion and based on your analysis above, which year demonstrates a better performance?(Max. 50 words)

The previous year has demonstrated a better performance. Although the current year’s sales increase by 10,000, the increasing revenues have not generated extra profits as two years report the same profit. A worse control over costs contributes to the result largely. It indicates a weaker profitability in the current year.

b. Which income statement presentation provides a better basis for managerial performance assessment: Lean or Traditional? Justify in terms of profitability and operational efficiency (Waste reduction). (Max. 50 words)

Lean costing system is better for managerial performance. The current year’s profitability becomes weaker. Through the lean income statement, it can be seen that processing costs and occupancy costs are saved but inventory material and overheads affects the operating efficiency. Thus, controlling inventory material and overheads are critical for profitability.

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