Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
Resources of Local Government Authorities are very often limited. Therefore, there is the need for the limited resources to be efficiently allocated in order that a greater output is achieved from the limited resources.
Required:
Identify FOUR policies that would influence the allocation of resources in a Local Government Authority. (4 marks)
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Blasius Ltd is a leading manufacturer of furniture in Ghana. The company manufactures these three garden furniture products – chair, bench, and table. The budgeted unit cost and resource requirements of each of these items are detailed below:
| Product | Chair (GH¢) | Bench (GH¢) | Table (GH¢) |
|---|---|---|---|
| Timber cost | 5.00 | 15.00 | 10.00 |
| Direct labour cost | 4.00 | 10.00 | 8.00 |
| Variable overhead cost | 3.00 | 7.50 | 6.00 |
| Fixed overhead cost | 4.50 | 11.25 | 9.00 |
| Total Cost | 16.50 | 43.75 | 33.00 |
Budgeted volumes per annum:
| Product | Quantity |
|---|---|
| Chair | 3,500 |
| Bench | 1,900 |
| Table | 1,350 |
These volumes are believed to equal the market demand for these products. Fixed overhead costs are attributed to the three products on the basis of direct labour hours. The cost of the timber is GH¢2.00 per square metre.
The products are made from a specialized timber. A memo from the purchasing manager advises you that because of a problem with the supplier, this specialized timber is limited in supply to 20,000 square metres per annum.
The sales director has already accepted an order for 500 chairs, 100 benches, and 150 tables which, if not supplied, would incur a financial penalty of GH¢2,000. These quantities are NOT included in the market demand estimates above.
The selling prices of the three products are:
| Product | Selling Price (GH¢) |
|---|---|
| Chair | 20.00 |
| Bench | 50.00 |
| Table | 40.00 |
Required:
a) Determine the optimum production plan and state the total contribution that this would yield. (10 marks)
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Zero-based budgeting attempts to improve upon incremental type of budgeting, which is perceived to carry over inefficiencies from previous periods. It allows for budget reductions and permits the re-allocation of resources from low to high priority programs. Critics are of the opinion that such an approach or process of budgeting can be cumbersome in its execution.
Required:
Identify and explain THREE steps in the preparation of Zero-Based Budget. (6 marks)
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At a recent board meeting of a multinational company, there was a heated debate on whether the company should continue to invest resources in strategic planning processes. A section of the board members believed that it is worth investing, whilst the other section opposed that decision because they considered such an activity as a waste of resources.
Your task is to state:
a) FIVE reasons why you think the company must continue to invest in the strategic planning process. (10 marks)
b) FIVE reasons why it might not be necessary for the company to invest in the strategic planning process. (10 marks)
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Bonus Oil Plantation is a listed company on the Ghana Stock Exchange. For a company with a large portfolio, it is important to assess its product lines regularly to see which products are profitable, which ones are making losses, and which ones need improvement. This practice will help the company to allocate its resources accordingly in order to function more efficiently.
While there are many practices and tools available to accomplish this mission, the CEO has suggested to the Board the BCG Matrix developed by the Boston Consulting Group as a standard.
Required:
At the CEO’s request, explain the concept of the BCG Matrix. (10 marks)
Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
Resources of Local Government Authorities are very often limited. Therefore, there is the need for the limited resources to be efficiently allocated in order that a greater output is achieved from the limited resources.
Required:
Identify FOUR policies that would influence the allocation of resources in a Local Government Authority. (4 marks)
Find Related Questions by Tags, levels, etc.
Blasius Ltd is a leading manufacturer of furniture in Ghana. The company manufactures these three garden furniture products – chair, bench, and table. The budgeted unit cost and resource requirements of each of these items are detailed below:
| Product | Chair (GH¢) | Bench (GH¢) | Table (GH¢) |
|---|---|---|---|
| Timber cost | 5.00 | 15.00 | 10.00 |
| Direct labour cost | 4.00 | 10.00 | 8.00 |
| Variable overhead cost | 3.00 | 7.50 | 6.00 |
| Fixed overhead cost | 4.50 | 11.25 | 9.00 |
| Total Cost | 16.50 | 43.75 | 33.00 |
Budgeted volumes per annum:
| Product | Quantity |
|---|---|
| Chair | 3,500 |
| Bench | 1,900 |
| Table | 1,350 |
These volumes are believed to equal the market demand for these products. Fixed overhead costs are attributed to the three products on the basis of direct labour hours. The cost of the timber is GH¢2.00 per square metre.
The products are made from a specialized timber. A memo from the purchasing manager advises you that because of a problem with the supplier, this specialized timber is limited in supply to 20,000 square metres per annum.
The sales director has already accepted an order for 500 chairs, 100 benches, and 150 tables which, if not supplied, would incur a financial penalty of GH¢2,000. These quantities are NOT included in the market demand estimates above.
The selling prices of the three products are:
| Product | Selling Price (GH¢) |
|---|---|
| Chair | 20.00 |
| Bench | 50.00 |
| Table | 40.00 |
Required:
a) Determine the optimum production plan and state the total contribution that this would yield. (10 marks)
Find Related Questions by Tags, levels, etc.
Zero-based budgeting attempts to improve upon incremental type of budgeting, which is perceived to carry over inefficiencies from previous periods. It allows for budget reductions and permits the re-allocation of resources from low to high priority programs. Critics are of the opinion that such an approach or process of budgeting can be cumbersome in its execution.
Required:
Identify and explain THREE steps in the preparation of Zero-Based Budget. (6 marks)
Find Related Questions by Tags, levels, etc.
At a recent board meeting of a multinational company, there was a heated debate on whether the company should continue to invest resources in strategic planning processes. A section of the board members believed that it is worth investing, whilst the other section opposed that decision because they considered such an activity as a waste of resources.
Your task is to state:
a) FIVE reasons why you think the company must continue to invest in the strategic planning process. (10 marks)
b) FIVE reasons why it might not be necessary for the company to invest in the strategic planning process. (10 marks)
Find Related Questions by Tags, levels, etc.
Bonus Oil Plantation is a listed company on the Ghana Stock Exchange. For a company with a large portfolio, it is important to assess its product lines regularly to see which products are profitable, which ones are making losses, and which ones need improvement. This practice will help the company to allocate its resources accordingly in order to function more efficiently.
While there are many practices and tools available to accomplish this mission, the CEO has suggested to the Board the BCG Matrix developed by the Boston Consulting Group as a standard.
Required:
At the CEO’s request, explain the concept of the BCG Matrix. (10 marks)
Find Related Questions by Tags, levels, etc.
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