Assessment 1: Case Study
Develop an Operational Plan
Ensure your Operational Plan includes the following:
1. Background
2. Objectives
3. Policies, procedures and practices, which includes human resources initiatives, and a list of relevant policies and procedures
4. Legislative and regulatory issues
5. Intellectual Property and Copyright.
6. Resources (including costs)
7. Key Performance Indicators
8. Consultation
9. Monitoring
10. Operational Action Plan
11. Operational Plan Variations (including two contingency plans)
12. Approval of plan
Part B- Additional Tasks (Questions)
Analyze and interpret budget and actual financial information provided
Assessment 2: Short Answer Questions
11 QUESTIONS
Nationl Camper Trailers – 8 month Profit and Loss (July -15 to Feb – 16) Budget for (Mar to June 16) Forecast Year
End
Sales of Trailers
Forecast No. of Trailers Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 YTD Actual YTD Budget Variance Mar-16 Apr-16 May-16 Jun-16 30-Jun-16
Dandenong 80 6 11 3 3 7 2 6 8 46 55 (9) 9 9 9 9 82
Caboolture 24 2 3 2 1 2 1 1 3 15 16 (1) 2 2 2 2 23
Expo Truck 48 5 5 3 2 1 1 2 2 21 29 (8) 4 4 4 4 37
13 19 8 6 10 4 9 13 82 100 (18) 15 15 15 15 142
Ave sale price $29,500 $383,500 $560,500 $236,000 $177,000 $295,000 $118,000 $265,500 $383,500 $2,419,000 $2,950,000 -$531,000 $442,500 $442,500 $442,500 $442,500 $4,189,000
Factory Manufacturing Ave Factory Cost Per Trailer $3,400
Raw materials $13,156 $19,228 $8,096 $6,072 $10,120 $4,048 $9,108 $13,156 $82,984 $101,200 -$18,216 $15,180 $15,180 $15,180 $15,180 $143,704
Labour $36,300 $36,250 $36,250 $36,000 $35,150 $34,200 $33,100 $35,830 $283,080 $268,400 $14,680 $40,260 $40,260 $40,260 $40,260 $444,120
Factory costs * $4,004 $5,852 $2,464 $1,848 $3,080 $1,232 $2,772 $4,004 $25,256 $30,800 -$5,544 $4,620 $4,620 $4,620 $4,620 $43,736
Repairs & Maintence $5,148 $7,524 $3,168 $2,376 $3,960 $1,584 $3,564 $5,148 $32,472 $39,600 -$7,128 $5,940 $5,940 $5,940 $5,940 $56,232
Factory COG’s $58,608 $68,854 $49,978 $46,296 $52,310 $41,064 $48,544 $58,138 $423,792 $440,000 -$16,208 $66,000 $66,000 $66,000 $66,000 $687,792
Assembly & Fitout Ave Assembly Cost Per Trailer $9,200
Accessories 23% $24,518 $35,834 $15,088 $11,316 $18,860 $7,544 $16,974 $24,518 $154,652 $188,600 -$33,948 $28,290 $28,290 $28,290 $28,290 $267,812
Labour 56% $59,696 $87,248 $36,736 $27,552 $45,920 $18,368 $41,328 $59,696 $376,544 $459,200 -$82,656 $68,880 $68,880 $68,880 $68,880 $652,064
Factory costs * 8% $8,528 $12,464 $5,248 $3,936 $6,560 $2,624 $5,904 $8,528 $53,792 $65,600 -$11,808 $9,840 $9,840 $9,840 $9,840 $93,152
Repairs & Maintence 8% $8,528 $12,464 $5,248 $3,936 $6,560 $2,624 $5,904 $8,528 $53,792 $65,600 -$11,808 $9,840 $9,840 $9,840 $9,840 $93,152
Finishing costs 5% $5,330 $7,790 $3,280 $2,460 $4,100 $1,640 $3,690 $5,330 $33,620 $41,000 -$7,380 $6,150 $6,150 $6,150 $6,150 $58,220
$8,200 Assembly COG’s $106,600 $155,800 $65,600 $49,200 $82,000 $32,800 $73,800 $106,600 $672,400 $820,000 -$147,600 $123,000 $123,000 $123,000 $123,000 $1,164,400
Average Trailers completed per month
Cost of the Expo Truck
Expenses
Staff Expenditure $16,500 $16,200 $15,890 $16,199 $15,100 $16,200 $16,000 $16,350 $128,439 $145,000 -$16,561 $17,000 $17,000 $17,000 $17,000 $196,439
Accomodation $8,528 $12,464 $5,248 $3,936 $6,560 $2,624 $5,904 $8,528 $53,792 $75,000 -$21,208 $8,000 $8,000 $8,000 $8,000 $85,792
Meal and entertainment $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $28,000 $30,000 -$2,000 $3,300 $3,300 $3,300 $3,300 $41,200
Cost of Trailer Transport $4,500 $4,400 $4,300 $4,610 $4,500 $4,500 $4,400 $4,500 $35,710 $33,000 $2,710 $4,500 $4,500 $4,500 $4,500 $53,710
Trailer transport insurance $750 $750 $750 $750 $750 $750 $750 $750 $6,000 $6,000 $0 $750 $750 $750 $750 $9,000
Costs of Expo Truck $33,778 $37,314 $29,688 $28,995 $30,410 $27,574 $30,554 $33,628 $251,941 $289,000 -$37,059 $33,550 $33,550 $33,550 $33,550 $386,141
Gross Margin $184,514 $298,532 $90,734 $52,509 $130,280 $16,562 $112,602 $185,134 $1,070,867 $1,428,000 -$357,133 $219,950 $219,950 $219,950 $219,950 $1,950,667
48% 53% 38% 30% 44% 14% 42% 48% 44% 48% 50% 50% 50% 50% 47%
Selling & administartion Expenses
Advertising $16,500 $16,200 $15,890 $16,199 $15,100 $16,200 $16,000 $16,350 128,439 120,000 $8,439 $18,000 $18,000 $18,000 $18,000 $200,439 Travel & Accomodation $6,500 $6,200 $5,890 $6,199 $5,100 $6,200 $6,000 $6,350 48,439 55,000 -$6,561 $6,500 $6,500 $6,500 $6,500 $74,439 Office Staff $36,300 $36,250 $36,250 $37,000 $41,250 $41,250 $41,250 $42,500 312,050 280,000 $32,050 $46,500 $46,500 $46,500 $46,500 $498,050 Communications $5,330 $7,790 $3,280 $2,460 $4,100 $1,640 $3,690 $5,330 33,620 30,100 $3,520 $3,800 $3,800 $3,800 $3,800 $48,820 Vehicle expenses $3,512 $3,200 $3,819 $3,199 $3,100 $3,200 $3,416 $3,148 26,594 27,500 -$906 $3,400 $3,400 $3,400 $3,400 $40,194 Depreciation $19,583 $19,583 $19,583 $19,583 $19,583 $19,583 $19,583 $19,583 156,664 156,664 $0 $19,583 $19,583 $19,583 $19,583 $234,996 Insurance $3,512 $3,200 $3,819 $3,199 $3,819 $3,199 $3,100 $3,200 27,048 27,500 -$452 $3,400 $3,400 $3,400 $3,400 $40,648 Operating supplies $120 $130 $10 $300 $228 $122 $130 $140 1,180 1,200 -$20 $150 $150 $150 $150 $1,780 Rent $22,916 $22,916 $22,916 $22,916 $22,916 $22,916 $22,916 $22,916 183,328 183,350 -$22 $22,916 $22,916 $22,916 $22,916 $274,992 Office costs $950 $980 $1,521 $1,200 $650 $600 $1,250 $989 8,140 8,000 $140 $1,000 $1,000 $1,000 $1,000 $12,140 Computer Expenses $2,100 $1,950 $1,980 $2,300 $2,450 $2,100 $1,800 $900 15,580 16,000 -$420 $2,000 $2,000 $2,000 $2,000 $23,580
$117,323 $118,399 $114,958 $114,555 $118,296 $117,010 $119,135 $121,406 $941,082 $905,314 $35,768 $127,249 $127,249 $127,249 $127,249 $1,450,078
Net Profit Before Taxes $67,191 $180,133 -$24,224 -$62,046 $11,984 -$100,448 -$6,533 $63,728 $129,785 $522,686 -$392,901 $92,701 $92,701 $92,701 $92,701 $500,589
