Ask Question, Ask an Expert


Ask Management Theories Expert


problem1) What do you understand by Reporting? How is it useful as a control system?

problem2)(a) What is a 'Balanced Score Card’? Briefly discuss how the Balanced Score Card would help to overcome some of the limitations identified above.

(b)  Suggest a framework for implementing a Performance Measurement System at a large manufacturing organization.

problem3) What do you mean by budgetary control system? Describe the process of budgetary control in the organization.

problem4)(a) Describe the implications of Corporate Strategies for the design of Management Control systems.

(b) "Design and operation of control systems are significantly influenced by top management style". Comment.


Case Study

The profit budget for the Sinduri company for January 2006 was as follows:

Standard cost per unit
Sales                                                                         Rs.2500
Standard cost of sales                                                    1620
Gross profit                                                                      880
Selling expenses                                     Rs.250   
Research and Development expenses          300   
Administrative expenses                              120   
Total expenses                                                                  670
Net profit before taxes                                                   Rs.210

The product information used in developing the budget was as follows:

                                           P            Q              R              S
Sales units (000)              1000         2000       3000        4000
Price per unit                    Rs.0.15      Rs.0.20   Rs.0.25    Rs.0.30
Standard cost per unit               
Material                               0.04          0.05        0.06        0.08
Direct labour                        0.02          0.02        0.03        0.04
Variable overhead                 0.02         0.03        0.03         0.05
Total Variable cost                0.08          0.10         0.12        0.17
Fixed overhead (Rs.000)        20             60           60           160
Total Standard cost per unit    0.10         0.13        0.14         0.21

The actual revenues and costs for January’2006 were as flows:

Sales                                                                                       Rs.2160
Standard cost of sales                                                                  1420
Net standard cost of variances                                                        160
Actual cost of sales                                                                       1580
Gross profit                                                                                    580
Selling expenses                                       Rs.290   
Research and Development expenses            250   
Administrative expenses                                110   
Total expenses                                                                                650
Net loss                                                                                   (-) Rs.70

                                            P                Q                 R              S
Sales (units)                      1000           1000            4000         3000
Sales Price                       Rs.0.13        Rs.0.22        Rs.0.22      Rs.0.31
Production                           1000           1000            2000          2000
Actual manufacturing cost (000) :               
Material                     Rs.360               
Labour                           200               
Overhead                       530

Prepare an analysis of variance between actual profits and budgeted profits for January 2006.

Management Theories, Management Studies

  • Category:- Management Theories
  • Reference No.:- M93197

Have any Question? 

Related Questions in Management Theories

What is due care why would an organization want to make

What is due care? Why would an organization want to make sure it exercises due care in its usual course of operations? What should an organization do to deter someone from violating policy or committing a crime? How does ...

Question 1 distinguish between ethical and legal principles

Question 1. Distinguish between ethical and legal principles and practices and define your concept of ethical behavior as it relates to the purchasing and supply management function. Question 2. Discuss the concepts asso ...

Instructionsresearch and write a brief answer to the

Instructions: Research and write a brief answer to the following question. Your response should be between 300-400 words. Your work should follow the conventions of Standard American English (correct grammar, punctuation ...

Which information attribute is often of great value for

Which information attribute is often of great value for networking equipment when Dynamic Host Configuration Protocol (DHCP) is not used? When you document procedures, why is it useful to know where the electronic versio ...

Assignment taskgiven the stakeholder requirement for

Assignment Task: 'Given the stakeholder requirement for balanced corporate reporting and the need toensure the completeness and integrity of social and environmental disclosures, it issuggested that corporate social resp ...

Question 1a do you think management is an art or a scienceb

Question 1 (a) Do you think management is an art or a science? (b) Describe using suitable examples the basic management functions. Question 2 (a) Using suitable examples explain the three (3) main managerial skills. (b) ...

The fine garments company sells fashion clothing the

The Fine Garments Company sells fashion clothing. The forecasted annual demand for their premium leather jacket is 2,000. The order-processing cost per order is $40, and the inventory holding cost is $35/item/year. How m ...

Discussion conflict management styleafter reviewing the

Discussion Conflict Management Style After reviewing the five different types of Conflict Management Styles give an example of when you have experienced one of the styles within a group. How did it make you feel? What wa ...

Scm globe reflection paper-the individual research paper

SCM Globe Reflection Paper- The individual research paper should demonstrate the individual's ability to integrate and synthesize the SCM Globe simulation as well as course concepts and research materials to communicate ...

Forecasting comparison presentationidentify a state local

Forecasting Comparison Presentation Identify a state, local or federal policy that impacts your organization or community. Create an 8- to 10-slide Microsoft PowerPoint presentation in which you complete the following: D ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro