This website uses cookies to ensure you have the best experience. Learn more

Accounting Portpolio Essay

2686 words - 11 pages

MHC601 Accounting & Finance for Managers

Portfolio 1
Submitted to:
Dr. Zelko Livaic
Blue Mountains International Hotel Management School,
Sydney, NSW

Submitted By:
Rajkumar Shrestha
Student Number: 201414094

Due Date: 14th November, 2014 05:00 pm
Submission Date: 14th November, 2014

Individual Assessment Cover Sheet / Plagiarism Declaration Form

This form must be completed and included with each assessment you submit for marking to the School. Although this assessment is submitted electronically, you must still complete and include this form with your assessment.

Student Number: | 201414094 |
Unit Code No.: | MHC601 |
Unit Title: | Accounting and ...view middle of the document...

This analysis assumes that start-up capital, inventory, lease contract & all those cost incur before opening restaurant.

On part one of analysis, it shows various types of regular cost incur in the business which is divided into product cost know the factors that are directly involved in producing the products & period costs which are indirectly affects the product pricing. Different costs are divided into variable costs which are changes occasionally & to know the variable cost per unit whereas total fixed cost which are unchangeable though numbers of product increases or decreases.

The second part of analysis is break-even analysis, which helps to know the break-even point of the business. The good managers always keep in mind about the break-even point, which helps them to know the minimum amount of unit need to be sold to cover all the expenses. Income statement of KTM restaurant of June 30, 2014 calculated, which includes total sales, cost of goods sold, gross profit, total expenses, income before tax & income after tax. It assumes that 30% of government tax. Weighted average contribution margin, weighted average selling price & weighted average variable cost are calculated to know the break-even point of two different products & to decide between two products which offerings are the most profitable. Graphs are used in the report for the better understanding of break-even point.

Table of Contents
Introduction 1
Part 1: Identify and classify costs 2
1. List of all costs that the business incurs on a regular basis. 2
2. Classify each cost as product/service costs and period costs. 2
3. Classify each cost as variable, fixed or mixed cost. Develop one or two paragraphs about each set of costs, explaining the behavior and purpose of each cost. 3
4. For each of your expected costs identified in (c), estimate variable cost per unit and total fixed cost. For mixed costs, be sure to identify variable and fixed cost components. 4
Part 2: Break-even Analysis 5
1. What is the weighted average contribution margin per unit? 5
2. What is the contribution margin ratio? 6
3. What is the total fixed cost? 6
4. What is sales volume (in units) at break-even point? 6
5. What is sales volume (in dollars) at break-even point? 6
6. Show breakeven points graphically. 7
7. Perform “what if” analysis of breakeven by considering the following: 7
7.1 Increasing fixed cost by 5% 7
7.2 Decreasing variable costs by 10% 8
7.3 Decreasing selling price by 10% 9
8. For your business, calculate number of products or services sold to earn after tax profit of $70,000. 10
Conclusion & Recommendation 11
Reference 12

Table of Figures
Figure1.1: Estimated fixed cost & variable cost
Figure 2.1: Income Statement
Figure 2.2: Miscellaneous chart
Figure 2.3: Contribution margin ratio
Figure 2.4: Break-even sales

Other Papers Like Accounting Portpolio

Jail Responsibilities Essay

589 words - 3 pages Jail Responsibilities Monique Priorello September 23, 2012 One of the main responsibilities of a jail is to give the officers the correct “Police Correspondence” courses. This is because these courses give the officers the effective basic training that they need to do things such as; Writing of Memoranda, Police Reports, and Civilian Letters. What needs to be done first is make sure that there are NO errors. This means in

Mgt330 Essay

638 words - 3 pages Starbucks Nefertiti Wright Sangita Patel October 15, 2012 STARBUCKS 2 STARBUCKS - 1 - [no notes on this page]I. Job description a. Baristas II. Job specifications a. Duties III. Form of departmentalization STARBUCKS 3 Starbucks Starbucks have been named in the 100 best companies to work for. Starbucks has many job opportunities for people, which require the right job specifications. The employees create uplifting experience

Fight Club

917 words - 4 pages Fight Club is a story of the narrator’s struggle to gain control over his life. He is in search for an identity in the form of manhood. His masculinity is so repressed because of the absence of a father figure in his life. Because of this he creates Tyler, his alternate personality. Tyler is nothing like anyone the narrator has met, he is self assured and completely free. The narrators alternate personality Tyler Durden is the ultimate alpha-male

The Powers Of The Health And Safety Representative

254 words - 2 pages The Powers of the Health and Safety Representative A health and safety representative has the power to: Identify Workplace Hazards The health and safety representative has the power to identify workplace hazards. This power is usually exercised by conducting workplace inspections. Obtain Information from the Employer The health and safety representative is entitled to the same information available to a joint committee member. Under the Act

Lesson Plan

6476 words - 26 pages QWERTYUIOP by Vivien Alcock Table of Contents Introduction About Short Stories The Writer Synopsis Elements Activities Beyond The Text Assessment Answer Key Glossary Panel of Writers [pic] SHORT STORY Welcome to the World of Literature and to Short Stories! We hope you will enjoy working with this guidebook, which has been specially designed to help you prepare your students enjoy the Literature


1227 words - 5 pages Coca-Cola Global Business and Marketing Strategy Introduction As domestic markets mature, it is becoming more and more fashionable for organisations to seek growth through opportunities in foreign countries. Faster communication, new technologies and improved transport links are making international markets more accessible and businesses pursuing a global position can experience an upsurge in brand awareness and cost effectiveness. Global

Facing Poverty With A Rich Girl's Habit

783 words - 4 pages Facing poverty with a rich girl’s habit Adele Strader Professor Chryst English Composition October 22, 2012 Facing poverty with a rich girl’s habit was written by Suki Kim and published in the New York Times on November 21, 2004. The most important point that Suki want to make was that (1) what we have in life can be taken away in an instant (2) do not go bankrupt in South Korea (3) that a person must adapt and endure

3-4-50 Paper

572 words - 3 pages -4-50 paperLack of exercise is a key contributor to disease and death among many people in the United States, regardless of age. It is a well-known fact that exercise results in a healthier lifestyle. Along with tobacco use and poor nutrition, lack of exercise is one of the main issues that people have which leads to high blood pressure, obesity, and other serious health problems. According to a study by UCSD School of Medicine and SDSU


836 words - 4 pages Miguel Beatrice Capitalism is an economic system in which private individuals and business firms carry out production and exchange of goods and services through complex transactions involved in prices and markets. By extension called capitalist higher social class of this economic system ("bourgeoisie"), or to the common form would the individual interests of capital owners in both companies, shareholders and patterns, also called capitalism


1177 words - 5 pages Homelessness in America Homelessness in America is a social problem that we are faced with on a daily basis. Despite the vast number of research done by Americans on homelessness, little is still known about the effect that it has on our society. The overall image that emerges from the effects of homeless people

Mental Health Community Service Essay

509 words - 3 pages Ladesca Smith Nursing 162 Community Volunteer Service Assignment Why you chose this agency? I chose this Sharing God’s Love, because I was interested in what kind of services they provide. I also wanted to know if there was any help out there for the people in need with mental illnesses. I also had lots of my kid’s old clothing that I needed to get rid of, so I donated it to them. Describe the population the agency serves. The

Related Essays

Lafarge S.A Essay

2924 words - 12 pages NAME: IHEKANANDU KINGSLEY N. COURSE: MGMT 292 / F12 N01 TITLE: INDIVIDUAL CASE STUDY (LAFARGE S.A.) SUBMITTED: October 5, 2012 TABLE OF CONTENTS 2. INTRODUCTION 3 3. DESCRIPTION OF CASE 4 4. VALUES 4 4.1. Types of values 4 5. TEAMWORK 7 6. MOTIVATION 8 7. CREATIVITY 9 7.1. Components of creativity 9 8. CONCLUSION 12 9. BIBLIOGRAPHY 13 INTRODUCTION This report aims to provide an in-depth analysis of initiatives pursued by Lafarge as

Finance Essay

665 words - 3 pages programmed to meet the needs of the company and the area that it is to be used in. The accounting programs will not be assessable to other areas in the company such as the data specialist area. If the accounting information is entered incorrectly and the system is programmed correctly it should be able to have a pop up window of some type to let the user know that a mistake has been made. The same mistake can be made over and over by the accounting

Analysis Of Operation Blue Star And Its Effects On The Gandhi Dynasty

934 words - 4 pages The period of time including and following Operation Blue star is considered a dark time in India and black spot in Indian history. It is a time Indian would rather forget, yet still to this day debate about. Was Indihar Gandhi correct in instating operation Blue Star, inflicting damage to the Golden temple, and being responsible for the killing of anywhere from 492 (official reports) to 1500 (estimates run as high as) civilians, which lead to an

Regretful Decisions Essay

930 words - 4 pages Regretful Decisions There are many individuals in a child’s life that helps mold them into a well-rounded adult. In most cases, this guidance comes from the child’s parents or other older, but in Sonny’s case, this guidance was expected from his older brother. In the short narrative, Sonny’s Blues, Sonny’s life was adversely affected by the decisions that his older brother made. The decisions that his brother made include leaving Sonny to stay