The London Docks Café - Case Study - Management Assignment Help

Assignment Task:

Task:

Your Task:
The London Docks Café is a company that prepares meals for tourists and citizens in its kitchen located next to the local airport. The company’s planning and actual budgets for September appears below:

2Updated September 2020
The London Docks Café
Planning and actual budgets for the month ended September 30 th , 2020

PLANNING ACTUAL
Budgeted meals quantity (q) 20 000 18 000
Revenues (£5.00q) £100 000 £90 000
Expenses:
Raw material (£2.50q) 50 000 45 000
Wages and salaries (£5 500+£0.25q) 10 500 10 000
Utilities (£2 500 + £0.05q) 3 500 3 400
Facility rent 5 000 5 500
Insurance 2 800 3 200
Fuel 2 500 2 800
Net Operating Income £25 700 £20 100
Required:
a) Outline the objectives of budgeting and explain how London Docks Café benefits from engaging in robust budgetary processes? (15 marks)
b) Prepare a report showing London Docks Cafe’s revenue and spending variance for September? (20 marks)
c) Based on the variances report you prepared in (b) above, which area/s of activity should be of concern to the management of London Docks Café? Explain (25 marks)
d) Explain the terms profitability and sustainability. Assess and advise the London Docks Café on the measures they should adopt to ensure the attainment of both mandates. (30 marks)

The word count for this assignment is 2,000 words and will not include the title page, executive summary, contents page or bibliography. It is important that you show knowledge of key debates within the wider literature. Also, it is strongly advised that you are critical in your writing and ensure a good level of integration and coherence in applying theories. Please work on, and ensure an excellent level of criticality, coherence, and flow of your report. This will require effective discussion and clarity. Please note that a significant amount of the marks is awarded on the basis of wider reading, critical and logical presentation, quality of argument,

Assessment Criteria on the Moodle.

Reassessment
The reassessment will be a resubmission of this report, with tracked changes made in response to the feedback given. The date for Reassessment is 08 th February 2021.

The Learning Outcomes assessed by this assessment are: Knowledge
1. Demonstrate an understanding of different markets and sources of finance; and the role of budgeting in an organisation.

2. Be able to assess budgets based financial data to support organisational objectives (CMI Los 2).
Thinking skills
3. Analyse the information contained in a company’s annual report; and appraise finance and investment decision.
Skills for life and work (general skills)
4. Demonstrate an understanding of the context within which accounting operates, and the various local and international standards that need to be complied with.
Subject-based practical skill
5. Effectively apply budgets and investment appraisal techniques. We strongly suggest that you try to submit all coursework by the deadline set as meeting deadlines will be expected in employment. However, in our regulations, UEL has permitted students to be able to submit their coursework up to 24 hours after the deadline. The deadline is published in this module guide. Coursework which is submitted late, but within 24 hours of the deadline, will be assessed but subjected to a fixed penalty of 5% of the total marks available (as opposed to marks obtained). If you submit twice, once before the deadline and once during the 24-hour late period, then the second submission will be marked and 5% deducted. This rule only applies to coursework. It does not apply to examinations, presentations, performances, practical assessments or viva voce examinations. If you miss these for a genuine reason, then you will need to apply for extenuating circumstances, or accept that you will receive a zero mark.
Further information is available in the Assessment & Feedback Policy at
https://www.uel.ac.uk/Discover/Governance/Policies-Regulations- Corporate-documents/Student-Policies (click on other policies)

4Updated September 2020
a) Assessment criteria for the task:
 
Assessment Criteria  Maximum Mark

Objectives of Preparing a Budget 15  Revenue and Spending Variance Report  20  Variance (s) which should concern Management  25  Advising on Profitability & Sustainability 30  Clarity & Structure: i.e. detailed, coherent and formal structure should be demonstrated. It also should be well presented 

b) Guidance on referencing
As a student you will be taught how to write correctly referenced essays using UEL's standard Harvard referencing system from Cite Them Right. Cite them Right is the standard Harvard referencing style at UEL for all Schools apart from the School of Psychology which uses the APA system. This book will teach you all you need to know about Harvard referencing, plagiarism and collusion. The electronic version of “Cite Them Right: the essential referencing guide” 9th edition, can be accessed whilst on or off campus, via UEL Direct. The book can only be read online and no part of it can be printed nor downloaded.

Further information is available at:
https://uelac.sharepoint.com/LibraryandLearningServices/Pages/default.a spx
c) Details of submission procedures:

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