# Accounting Assignment | Custom Assignment Help

The Kalgan Driftwood Company (Kalgan) was established in 1950. It is located on a 100 hectare site in a beautiful scenic location on the banks of the Kalgan River. The company has built its reputation on making quality furniture at affordable prices from cast-off jarrah wood from a nearby timber mill. Re- cover service Kalgan, which sources its fabrics from Indonesia and Vietnam, offers a choice of over 50 different fabrics. Kalgan is considering offering a re-cover service to supply replacement cushions when the existing ones wear out or customers wish to change their fabric since a recent study found that customers kept their Kalgan furniture for an average of 18 years.

Don't use plagiarized sources. Get Your Assignment on
Accounting Assignment | Custom Assignment Help
Just from \$13/Page

The re-cover service will make three sizes of covers: large, medium and small. The company accountant has carried out an investment appraisal of the new re-cover service assuming a project life of 5 years. The net cash flows on a relevant cost basis for each of the five years were as follows: Year Net cash flows 0 £(140,000) 1 £23,240 2 £45,780 3 £54,320 4 £54,320 5 £54,320 3 Budget data for the first year of the re-cover service are as follows: Large Medium Small Sales (units) 2,300 1,500 2,800 Selling price per unit £112 £84 £56 Direct labour cost per unit £12.60 £8.40 £6.30 Fabric cost per unit £44.80 £32.20 £21 Contribution per unit £54.60 £43.40 £28.70 Specific Fixed Costs: • Factory power costs: £84,000 per annum • Lease of equipment for re-cover service: £70,000 per annum The expected time to produce each size of cover is as follows: Re-cover Service Large Medium Small Time to make each cover 0.6 hour 0.4 hour 0.25 hours The production director has now informed the board that the supply of skilled labour for year 1 will be restricted to a maximum of 2,500 hours. The company’s cost of capital is 10% per annum.

Question A (i) Calculate the budgeted profit after specific fixed costs, for year 1 of the re-cover operation, assuming demand can be met in full. (5 marks)

(ii) Calculate the sales mix that will maximise budgeted profit for year 1 of the re-cover operation based on the limited availability of labour. (10 marks)

(iii) Suggest two actions that the company could take to overcome the shortage of labour. (5 marks) (iv) Calculate the payback period for the re-cover project. (5 marks)

(v) Calculate the net present value for the re-cover project. (5 marks)

Total for this part = 30 marks 4 Question B

The Kalgan Driftwood Company has decided to that it needs to use the budgeting process much more substantially to manage its activities. You are a graduate trainee who has just started work in the accounting department of Kalgan. In your degree studies, you completed a module called Managerial Finance and learned that budgets serve a number of useful purposes including: (i) Planning annual operations; (ii) Coordinating the activities of the various parts of the organisation; (iii) Communicating plans to the various responsibility centre managers; (iv) Motivating managers to strive to achieve the organisational goals; (v) Controlling activities; (vi) Evaluating the performance of managers You are asked to select four of these purposes and explain in a presentation to your Kalgan work colleagues about how budgets achieve these aims.

An essay that will form the basis of your presentation. The report should be word processed (Arial font size 12) and well presented. Referencing and bibliographies should use the APA 6th System (name and date).

Calculate the price
Pages (550 words)
\$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with Homework Writing Services
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
Testimonials
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Health Care
It is exactly my expectation. Thank you.
Customer 454755, June 30th, 2020
Film & Theater studies
Fairly articulated.
Customer 462929, May 4th, 2022
Retail
Thank you for your work. We had to fix some grammatical errors. In the future, please remember to proofread content before submitting. We look forward to future contributions.
Customer 463469, October 21st, 2022
Other
Smart response.
Customer 462457, April 13th, 2022
Psychology
Looks great.
Customer 463363, September 23rd, 2022
Psychology
Excellent response.
Customer 462579, June 4th, 2022
Management
Excellent. Thank you. I am grateful and I am thankful. I hope you have a wonderful day :)
Customer 454227, May 10th, 2020
Excellent work!
Customer 452719, June 11th, 2022
Retail
This task was well written Looking forward to your future contribution.
Customer 463463, November 11th, 2022
GOVT 200
Plagiarism issue noted.
Customer 454799, July 11th, 2022
Commendable.
Customer 452441, April 6th, 2022
CRITICAL REAFING AND WRITING
Be keen on instructions.
Customer 460653, April 6th, 2022
11,595
Customer reviews in total
96%
Current satisfaction rate
3 pages
Average paper length
37%
Customers referred by a friend
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat