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A financial analysis report for Tricol

plc

Name:Ma boda SCN:125099297 Candidate Num:22

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Outcome 3and4 Class;10E6

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Introduction

To operate better in financial aspect, the management of Tricol plc asked me to analyze their financial condition then make recommendations for them.

Findings

Part A

(ⅰ) Flex budget in line with actual activity Tricol plc Flexed Budget for June Direct material Direct labor Variable production overhead Fixed cost Depreciation Rent and rates Administration overhead Insurance costs Total

(ⅱ) Variances calculation

Direct material total variance

(Standard units of actual production*standard price) －(actual

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Original Flexed Actual Variance budget budget results 2000 1600 units 1600 F/A units units ￡ ￡ ￡ ￡ 80,000 64,000 61,600 2,400 F 36,000 28,800 35,200 6,400 A 4,000 3,200 3,200 0 1,500 2,500 2,000 2,200 128,200 1,500 2,500 2,000 2,200 104,200 1,500 0 2,500 0 2,200 200 2,400 200 108,600 4,400 A A A 实用标准

quantity*actual price)

(4 kg*1,600*￡10) －￡61,600 =￡ 2,400 (F) Rate of significance: (3.75%) Direct material usage variance

Standard price*(standard units of actual production － actual quantity) ￡ 10*[ (4kgⅹ1,600) －5,600kg]= ￡8,000 (F) Rate of significance (12.5%)

Direct material price variance

Actual quantity * (standard price － actual price) 5,600kg*[￡ 10 －(￡61,600/ 5,600kg) ]= ￡ (5,600) (A) Rate of significance: (8.75%)

Direct labour total variance

(Standard hours of actual production*standard rate ph) - (actual hours*actual rate ph)

[ (2hrs*1,600) *￡9]－￡35,200=￡(6,400) (A) Rate of significance: (22.22%)

Direct labour efficiency variance

Standard rate ph* (standard hours of actual production － actual hours) ￡9*(2hrs*1,600－3,520hrs)=(2,880) (A) Rate of significance: (10%)

Direct labour rate variance

Actual hours*(standard rate ph – actual rate ph) 3,520hrs*(￡9*－￡35,200/3,520hrs)= ￡(3,520) (A) Rate of significance: (12.22%)

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