Mock One - Task 5 (16 marks)

A college operates both academic and professional courses for students.

It is preparing an overhead budget for the next year. Budgeted overheads

and cost centre using the most appropriate basis.

Budgeted overheads for cost centres have not yet been reapportioned to the
overhead reapportionment.

IT support cost is reapportioned between the two profit centres using the tot

Human resource cost is reapportioned between the two profit centres using

Facilities management cost is reapportioned between the two profit centres

Task instructions
Complete the following in the ‘Overhead Analysis’ worksheet.

(i) Include Data Validation in cells B13:B16 to ensure that only text from cel

(ii) When Data Validation is included in cells B13:B16 from part (i) above.
basis for how budgeted overhead has between allocated or apportioned to
(iii) Complete any remaining figures in the overhead analysis table in cells A
may include data included in cells A1:G9 in the 'overhead analysis' workshe

(iv) Use 'Conditional Formatting' in cell H22. Include a rule that if the value
colour in cell H22 will turn green. Include a rule that if the value in cell H22
in cell H22 will turn red. (2 marks)

(v) Use 'Protect Sheet' to ensure that the overhead analysis table in cells
worksheet can be edited. Do not use a password. (2 marks)
 Carrying value of
Department
equipment £

Profit centres:
Academic 250,000
Professional 450,000
Cost centres:
IT Support
Human Resources
Facilities Maintenance
Total 700,000

Basis of apportionment

Indirect labour

Buildings rent and rates

Buildings light and heat

Depreciation of equipment

Totals

Reapportion IT Support
Reapportion Human Resources

Reapportion Facilities Maintenance

Total overheads to profit centres

 Indirect staff Number of Maintenance
Tickets Issued
costs £ employees Hours

55 250 2,500
45 550 1,000

25,800 7
45,400 3
85,900 10
157,100 120 800 3,500

Profit centres Cost centres

Human
Academic Professional IT Support
Resources
£ £ £
£

0 0 25,800 45,400

100,000 300,000 10,000 50,000

20,000 60,000 2,000 10,000

17,857 32,143 0 0

137,857 392,143 37,800 105,400

-37,800
 -105,400

137,857 392,143
 Floor space
(square
metres)

10,000
30,000

1,000
5,000
4,000
50,000

entres

Facilities Totals
Maintenance
£

85,900 157,100

40,000 500,000

8,000 100,000

0 50,000

133,900 807,100
-133,900

530,000
Allocated

Carrying value of equipment £

Indirect staff costs £

Number of employees

Tickets Issued

Maintenance Hours

Floor space (m2)

 Carrying value of
Department
equipment £

Profit centres:
Academic 250,000
Professional 450,000
Cost centres:
IT Support
Human Resources
Facilities Maintenance
Total 700,000

Basis of apportionment

Indirect labour Allocated

Buildings rent and rates Floor space (m2)

Buildings light and heat Floor space (m2)

Depreciation of equipment Carrying value of equipment £

Totals

Reapportion IT Support
Reapportion Human Resources

Reapportion Facilities Maintenance

Total overheads to profit centres

 Indirect staff Number of Maintenance
Tickets Issued
costs £ employees Hours

55 250 2,500
45 550 1,000

25,800 7
45,400 3
85,900 10
157,100 120 800 3,500

Profit centres Cost centres

Human
Academic Professional IT Support
Resources
£ £ £
£

0 0 25,800 45,400

100,000 300,000 10,000 50,000

20,000 60,000 2,000 10,000

17,857 32,143 0 0

137,857 392,143 37,800 105,400

11,813 25,988 -37,800

 57,970 47,430 -105,400

95,643 38,257

303,283 503,818
 Floor space
(square
metres)

10,000
30,000

1,000
5,000
4,000
50,000

entres

Facilities Totals
Maintenance
£

85,900 157,100

40,000 500,000

8,000 100,000

0 50,000

133,900 807,100
-133,900

807,100
Allocated

Carrying value of equipment £

Indirect staff costs £

Number of employees

Tickets Issued

Maintenance Hours

Floor space (m2)

Mock One - Task 5 (16 marks)

(i) Include Data Validation in cells B13:B16 to ensure that only text from cells L2:L8 can be entered

(ii) When Data Validation is included in cells B13:B16 from part (i) above. Select in cells B13:B16 fro
how budgeted overhead has between allocated or apportioned to the profit and cost centres. 1 x
apportionment (or allocation) selected.

(iii) Complete any remaining figures in the overhead analysis table in cells A11:H22. All cells comple
include data included in cells A1:G9 in the 'overhead analysis' worksheet. Indicate any negative figu
figures in grey cells. 1 x mark for each correct basis of reapportionment. 1 x mark for each of the co
providing that it gives the correct outcome).

(iv) Use 'Conditional Formatting' in cell H22. Include a rule that if the value in cell H22 is equal to th
cell H22 will turn green. Include a rule that if the value in cell H22 is not equal to the value in cell
turn red.

(v) Use 'Protect Sheet' to ensure that the overhead analysis table in cells A11:H22 cannot be edited
can be edited. Do not use a password. 1 x mark if cells A11:H22 cannot be edited. 1 x mark if all ce
Accounting Spreadsheet
Marks Marks

3 3

2
Mock One - Task 6 (16 marks)
Task instructions
Complete the following in the ‘Operating Statement’ worksheet.

(i) Use formulas in cells B2:B4 to construct a flexed budget. Your formula must use th

(ii) Use formulas in cells D2:D5 to calculate each variance by comparing the flexed bu
shown as a negative figure using a minus sign. (4 marks)

(iii) Use formulas in cells E2:E6 to calculate each variance as a percentage of budget.
one decimal place. (2 marks)

(iv) Enter in cells F2:F6 a nested IF statement, that displays the text "Favourable", "Ad
in cells D2:D6. (3 marks)

(v) Produce a 2-D column chart that shows each variance in cells D2:D6 and a descripti
‘Variances £’. Change the fill colour to red, for the bar that has the largest adverse va
 Flexed Budget £
Actual £
Operating Statement
12000 units
12000 units

Sales income 312,000

Direct materials 29,870
Direct labour 171,000
Fixed overheads 25,000 27,500
Profit -25,000 83,630

Budget information

Sales (units) 12000 £24.50

Direct materials (kilograms) 24000 £1.40
Direct labour (hours) 18000 £9.50
Fixed overheads (£) £25,000
 Adverse/
Variance as a
Variance £ percentage of
Favourable/
budget %
No variance

108,630

selling price per unit

per kilogram
per hour
Adverse

Favourable

Sales manager

Production manager
 Flexed Budget £
Actual £
Operating Statement
12000 units
12000 units

Sales income 294,000 312,000

Direct materials 33,600 29,870
Direct labour 171,000 171,000
Fixed overheads 25,000 27,500
Profit 64,400 83,630

Budget information

Sales (units) 12000 £24.50

Direct materials (kilograms) 24000 £1.40
Direct labour (hours) 18000 £9.50
Fixed overheads (£) £25,000
 Adverse/
Variance as a
Variance £ percentage of
Favourable/
budget %
No variance
18,000 6.1% Favourable
3,730 11.1% Favourable
0 0.0% No variance
-2,500 -10.0% Adverse
19,230 29.9% Favourable

Variances £
25,000
selling price per unit
per kilogram 20,000

per hour
15,000

10,000

5,000

0
Sales income Direct materials Direct labour Fixed overheads Profit

-5,000
xed overheads Profit
Adverse

Favourable

Sales manager

Production manager
Mock One - Task 6 (16 marks)

(i) Use formulas in cells B2:B4 to construct a flexed budget. 1 x mark for each formula. Any form
and achieves the correct outcome.

(ii) Use formulas in cells D2:D5 to calculate the variances by comparing the flexed budget and ac
formula.

(iii) Use formulas in cells E2:E6 to calculate each variance as a percentage of budget. 1 x mark to
place). 1 x mark to calculate the percentages.

(iv) Enter in cells F2:F6 a nested IF statement, that displays the text "Favourable", "Adverse", or
calculated in cells D2:D6.

(v) Produce a column bar chart showing each variance in cells D2:D6 and a description of each va
title called ‘Variances £’. Include a legend that describes each variance. Change the fill colour for
red. 2 x mark for a chart. 1 x mark for a chart title. 1 x mark to fill colour the bar with the largest
Accounting Spreadsheet
Marks Marks