managing finance and accounts
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Title: managing finance and accounts

Essay Details:

Subject: Business
Author: Monica F
Date: December 2, 2014
Level: University
Grade: A
Length: 2 / 483

Essay text:

The cost incurred for this period is as follows: 5000 Compared to expected cost Direct Materials 110,000 +10,000 Direct Labour 70,000 +7,500 Power 18,000 SAME Repairs 30,000 +7,500 Supervision 20,000 +4,000 Rent and rates 8,000 -1000 Insurance 17,500 SAME Total 273,500 +28,000 2.2 Potential Reasons for variations: O Due to an increase in repairs by ?7,500, the cost of material is going to increase. This is shown as an increase of ?10,000. Because more work is carried out through higher repairs more labour and supervision costs are also incurred at ?7,500 for labour and ?4,000 for supervision...

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