Project Cost Management - Management Assignment Help

Assignment Task

QUESTION ONE
1.1 Describe the various types of factory/manufacturing overheads which may occur in project cost management.
1.2 Analyse the factors that influence / determine industry cost standards in project cost
management.

QUESTION TWO
Penelopy Projects Ltd has approached you to analyse and interpret their financial statements. The following amounts were extracted from the records of the company:

Required:
2.1 Discuss the purpose of financial statement analysis.
2.2 Calculate the following ratios for each of the three (3) years:
2.2.1 Accounts receivable collection period
2.2.2 Inventory holding period
2.2.3 Accounts payable payment period
2.2.4 Current ratio
2.2.5 Acid test ratio
2.3 Comment on the company's working capital management in light of the analysis undertaken in 2.2 above.

QUESTION THREE
3.1 Discuss the Implications of cost budgeting in project cost management.
3.2 Distinguish between strategic and tactical investments.

QUESTION FOUR
You have been provided with the following information for A1 Projects Ltd:
1. The anticipated revenue figures for the last three months of the year are as follows:

Note:
1.1. 45% of credit revenue is collected in the month of the invoice, 40% the following month and 15% gets written off as bad debts.
1.2. 50% of revenue are on credit.
1.3. September revenue amounted to R100 000.
2. All purchases are on credit and are paid 30 days after purchases have been made. Inventories are kept constant by replacing goods as they are sold. A1 Projects Ltd maintain a mark-up of 50% on cost.
3. Operating costs amount to R120 000 annually and are paid in equal payments monthly.
4. New Furniture to the value of R30 000 will be purchased for cash during December.
5. Water and electricity cost R3 000 per month and are expected to increase by 10% in December.
6. Salaries and wages are reviewed on 31 October annually. The manager's salary will increase by 10% with effect from 1 November, his current salary is R10 000.

7. The Bank account showed a unfavourable balance of R 2 000 on 31 September.

Required:
4.1 Prepare a debtors schedule for the months of October, November and December.
4.2 Prepare a cash budget for the months of October, November and December.

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