Actions Management for Manage Sales Demand - Accounting Assignment Help

Assignment Task

Task
You must use Harvard referencing style; for further details see:
Word count is 1500Explain briefly what actions management can take to manage sales demand if this is expected to be a scarce resource.
.Fine Ltd produces a single product in a highly competitive market. They have gathered following expected information for the year 2021
Selling price (per unit)
Direct materials (per unit)
Direct labour (per unit) 93.00 36.15 18.30

Other costs are estimated for the year 2021 based on the expected sales of 65,000 units. These costs are given below:
Fixed Costs Variable Costs
Operating Costs 252,000 1,050,000
Marketing Costs 210,000 73,500
Storage Costs 342,000 60,600
Administration Costs 139,200 -
For the year 2021, you are required to calculate:
the expected profit or loss
(5 marks)
breakeven point in units and sales revenue
(5 marks)
margin of safety in units and % change
(5 marks)
the profit/loss if the selling price is decreased by 10% and sales quantity increases by 50%
(5 marks)
the revised break-even point in units for (d)
(5 marks)
(Total 40 marks
Question 2
Discuss the importance, for an organisation, of preparing budgets especially in light of the COVID-19 pandemic and the difficulties this may present.
Note: You must use the relevant academic literature to answer this question and include references appropriately as an evidence of your wider reading and research.
(15 marks)
A company has three production departments X, Y, and Z and one service department S. It is preparing its annual budget for the final quarter of 2021. Planned overhead costs for the quarter are as follows:
Overheads £
Allocated overheads 34,000
Supervision 12,240
Depreciation 15,300
Machine Insurance 5,100
Rates and Rent 32,600
The following information is available for each department:
Departmental details X Y Z S
Allocated overhead 10,000 7,000 9,000 8,000
 

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