Do it on MS word file only. You are working as a management accountant in Rawal Constructions limited who have beenentered new in this business as the provider of building materials. In order to facilitate from yourskills of budgeting, they provide you the actual and budgeted results about the business as can beseen below. The CEO asks you to present the true picture of the business as the business are inits initial phase and if any issues exist, these can be taken care immediately.Budget(РKR)September Actual(РKR)SeptemberBudget per tonRevenue6.57800075900Units sold1200011500Less: Direct costsDirect labor2.833396033000Equipment hireOther0.4756406300variable0.7893609300costsTotal4.084896048600Contribution2.422904027300Required:1. You are required to make a flexed budget for the month of September.2. Conduct variance analysis both in terms of amount and per unit data.3. Provide suggestions to the CEO regarding the usage of budgeting and its role inperformance evaluation based on your findings.

Flexed budget, also known as flexible budget uses the actual units sold and it varies the budgeted…

1. You are required to make a flexed budget for the month of September. 2. Conduct variance analysis both in terms of amount and per unit data. 3. Provide suggestions to the CEO regarding the usage of budgeting and its role in performance evaluation based on your findings.

1. You are required to make a flexed budget for the month of September. 2. Conduct variance analysis both in terms of amount and per unit data. 3. Provide suggestions to the CEO regarding the usage of budgeting and its role in performance evaluation based on your findings.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Do it on MS word file only.

You are working as a management accountant in Rawal Constructions limited who have been
entered new in this business as the provider of building materials. In order to facilitate from your
skills of budgeting, they provide you the actual and budgeted results about the business as can be
seen below. The CEO asks you to present the true picture of the business as the business are in
its initial phase and if any issues exist, these can be taken care immediately.
Budget
(РKR)
September Actual
(РKR)
September
Budget per ton
Revenue
6.5
78000
75900
Units sold
12000
11500
Less: Direct costs
Direct labor
2.83
33960
33000
Equipment hire
Other
0.47
5640
6300
variable
0.78
9360
9300
costs
Total
4.08
48960
48600
Contribution
2.42
29040
27300
Required:
1. You are required to make a flexed budget for the month of September.
2. Conduct variance analysis both in terms of amount and per unit data.
3. Provide suggestions to the CEO regarding the usage of budgeting and its role in
performance evaluation based on your findings.

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