HND business accounting商务会计

Sales Cost of goods sold Opening stock Purchases Closing stock Gross Profit Other Income Discount received Expenses Administration Distribution costs Interest payable Depreciation Profit on ordinary activities before taxation Corporation tax Profit on ordinary activities after taxation Appropriations Preference dividend Ordinary dividend Profit for the year Retained profit b/f Retained profit c/f Question 1 (alternative/re-assessment) IDC plc

Balance Sheet as at 31 December 2003

£000

£000

£000

£000 600 2,000 2,600 290 245 325 160 180 10 27 £000 3,550 2,310 1,240 220 1,460 910 550 190 360 37 323 1,090 1,413 Fixed Assets

Land and Buildings Plant and Machinery Fixtures and Fittings Motor Vehicles

Current Assets Stock Debtors Prepayments Bank

Creditors: amounts falling due within 1 year Creditors Accruals

Corporation tax due Interest due Dividends due

Net Current Assets

Total Assets less Current Liabilities

Creditors: amounts falling due after more than 1 year

Debentures Net Assets

Capital and Reserves Ordinary share capital Preference share capital Profit and Loss account

Question 2

1 Income and expenditure budget for six months Income Sales 290 1,500 15 500 1,050 25 190 160 37

2,305 1,462

2,450 610 120 90 3,270

843 4,113

1,600 2,513

900 200 1,413 2,513

Jan Feb March April May June Total £ £ £ £ £ £ £ 8,000 8,000 10,400 15,000 12,000 14,000 68,400 Expenditure Material cost Direct Labour Variable Production Overheads Fixed Production Overheads Rent Insurance Power Depreciation Other Other Fixed Overheads Management Salary Selling/Distribution Total 400 400 520 600 700 800 3,420 2,400 2,400 3,120 3,600 4,200 4,800 20,520 400 400 520 600 700 800 3,420 1,000 400 800 200 250 2,000 1,000 8,850 1,000 400 800 200 250 2,000 1,000 8,850 1,000 1,000 1,000 1,000 6,000 400 400 400 400 2,400 800 800 800 800 4,800 200 200 200 200 1,200 250 250 250 250 1,500 2,000 2,000 2,000 2,000 12,000 1,000 1,000 1,000 1,000 6,000 9,810 10,450 11,250 12,050 61,260 2 Cash Budget for six months

Cash Receipts Sales Cash Payments Materials Direct Labour Variable Production Overheads Fixed Production Overheads: Rent Insurance Power Other Other Fixed Overheads Management Salary Selling/Distribution Total Opening Balance Jan £ 0 0 2,400 400 1,000 400 800 250 2,000 1,000 8,250 Feb March April May £ £ £ £ 8,000 8,000 10,400 12,000 0 400 400 520 2,400 3,120 3,600 4,200 400 520 600 700 1,000 400 800 250 2,000 1,000 8,250 June £ 14,000 600 4,800 800 1,000 400 800 250 2,000 1,000 11,650 1,000 1,000 1,000 400 400 400 800 800 800 250 250 250 2,000 2,000 2,000 1,000 1,000 1,000 9,490 10,050 10,870 0 (8,250) (8,500) (9,990) (9,0) （8,510） Receipts Payments Closing Balance 3 Break-even point:

Selling Price/unit = £40

0 8,000 8,000 10,400 12,000 0 （250） 410 2,360 (550) 8,250 8,250 9,490 10,050 10,870 (8,250) (8,500) (9,990) (9,0) （8510） 14,000 5,490 11,650 (6,160) Marginal Cost/unit = £16 (mats £2, labour £12, Var OHD £2) Contribution/unit = £40 − £16 = £24

Break-even point = Fixed costs = £33,900 = 1,413 pairs of shoes Cont/unit £24