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Accounting Assignment: Case Analysis Of Clark Casc Logistics Plc

Task: You have received the following email from the Chief Executive Officer of Clark Casc Logistics plc, where you are employed as manager of a loading bay, inviting you to the first in a series of budget-setting meetings and asking you to submit a brief report in advance. We will be holding a first round of budget-setting meetings on Thursday next week. As the manager of the Craiglockhart loading bay at Clark Casc’s Craiglockhart Loading Bay, the expenditure for which you were responsible for the last financial year was as follows. Last Year Budget £000 Actual £000 Wages and Employers’ National Insurance and Pension Contributions 528 531 Equipment Maintenance 76 81 Equipment Depreciation 74 75 Buildings Maintenance 36 32 Buildings Depreciation 56 56 Heating and Lighting 30 30 Goods Refrigeration 14 15 Apportionment of Central Administrative Costs 74 75 Insurance Costs – Apportioned Based on Past Claims 20 22 Other Costs 10 11 Total Expenditure, Tax and Dividends 918 928 This Year Budget Year to Date £000 Actual Year to Date £000 Wages and Employers’ National Insurance and Pension Contributions 268 271 Equipment Maintenance 38 42 Equipment Depreciation 37 37 Buildings Maintenance 18 17 Buildings Depreciation 28 28 Heating and Lighting 16 15 Goods Refrigeration 8 8 Apportionment of Central Administrative Costs 40 42 Insurance Costs – Apportioned Based on Past Claims 10 12 Other Costs 6 6 Total Expenditure, Tax and Dividends 469 478 Next Year The purpose of next week’s meeting is not to rake over the ongoing overspend for this year but we need to plan for next year. We are going to need you to agree a total budget of £882,000 for next year. Mo will update the figure for apportionment of Central Administrative Costs sometime after the meeting but I’m guessing it’ll be based on this year’s actuals, so I suggest you use that. It’s the rest of the costs we need to discuss with you. You will need to take account of the 3% across-the-board wage increase Piotr agreed with the unions last week. That applies evenly across all types of staff in the loading bay. Please provide a report on accounting assignment in advance of the meeting detailing how you intend to find the necessary savings.


Subject Name: Accounting

Level: Undergraduate


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