mfrd presentation

8/14/2019 MFRD Presentation

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Members:

Pham Hai Linh

Nguyen Dat Khue Nguyen Thi Minh Chau Do Duc Hoa Bui Son Bach

Dream Company

One world One dream


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The five decision makers

ProductionManager

CEO

FinancialManagerHuman Resources

Manager

Marketing

Manage

r

COMPANY


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CEO

Is one of the highest-ranking administrators in total

management and often make final decision as well There are three main duties of the CEO

Setting strategy and vision

Creating the best working environmental

Allocating capital


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Production Manager

To be involved with the planning, coordination and control of

industrial processes. Ensure that goods and services are produced efficiently; that they

are of the right quality, quantity, and cost; and that they are

produced on time to satisfy customer at the relevant price.

Need to take care about product: product process, quality and

quantity of product, the production schedule etc.


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Marketing Manager

Is the one who determine the demand for products and services

offered by a firm and its competitors and identify potential

customers.

Develop marketing planning for the firm and its product to get

maximum profits or market share.

Need to know exactly what customers need and want;

information of the competitors; information about product etc


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Financial Manager

Have responsibilities for providing financial advice and support to

clients and colleagues to enable them to make sound businessdecisions.

The information that financial manager needs to know is the

sources of finance that company can use in the future; updated

information about the companys financial in order to manage the

budget, monitor cash flow and predict future trend


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Human Resources

Manager

Is in charge of recruiting all the staffs in the company

Manage and oversee the personnel department within the company,organization or agency.

Hold in hand all the information about their staffs; have a definite

understanding about the staffs, about their skills, etc.

Understand the information about safety, insurance and the

government law about working condition.


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Product introduction

Made from draper and cotton:

Draper: easy to clean, therere many colors fordecoration.

Cotton: light, provide softness, easy to mold into

many shapes.

Besides its main function is to support our neckwhen we sleeping; it can be used for decoration,

or be a souvenir etc.


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Costs

Direct costs:

Direct material:

Draper: 4.000 VND/m2 or 20.000 VND/unit

Cotton: 60.000 VND/kg or 18.000 VND/unit

Direct labour:

Make contract with sewing company, with the cost for processing

10.000 VND/unit.

Salesman: 1.300.000/one.


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Fixed overhead cost

Production cost

Administration cost

Office salary 18,800,000 VND

Depreciation 350,000 VND

Selling cost: Marketing cost 2,000,000 VND

Variable overhead cost Indirect material: needle, threat and package 116VND

Indirect wage 3,200,000

Indirect expenses (Rental, utility) 9,000,000


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Budgets

There are 6 budgets we prepared for ourcompany.

Sales budget Production budget Direct material budget

Direct labour budget Overhead budget Income statement budget


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SALES BUDGETJanuary February March April May June 1st half of

2010

Units 719 733 763 801 865 951 4,832

Price(VND)

104,500 104,500 104,500 104,500 104,500 104,500 627,000

Revenue(VND)

75,135,500 76,638,210 79,703,738 83,688,925 90,384,039 99,422,443 504,972,856

B/E=Total Fixed Cost/Contribution per unit

= 33,350,000/46,384=719 (Units)

Sale budget


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INCOME STATEMENT BUDGET

Jan Feb Mar Apr May Jun 1st half of2010

Sales 75.135.500 76.638.210 79.703.738 83.688.925 90.384.039 99.422.443 504.972.856

Less cost of sales

Direct material 27.322.000 20.534.640 21.356.026 22.423.827 24.217.733 26.639.506 142.493.732

Direct labour 7.190.000 7.333.800 7.627.152 8.008.510 8.649.190 9.514.109 48.322.761

Variable overheadcost

7.273.500 7.407.138 7.703.424 8.088.595 8.735.682 9.609.250 48.817.589

Contributionmargin

33.350.000 41.362.632 43.017.137 45.167.994 48.781.434 53.659.577 265.338.774

Less Fixedoverhead cost

Productionoverheads 12.200.000 12.200.000 12.200.000 12.200.000 12.200.000 12.200.000 73.200.000

Administrationoverheads

19.150.000 19.150.000 19.150.000 19.150.000 19.150.000 19.150.000 114.900.000

Selling overhead 2.000.000 2.000.000 2.000.000 2.000.000 2.000.000 2.000.000 12.000.000

Net profit 0 8.012.632 9.667.137 11.817.994 15.431.434 20.309.577 65.238.774


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Conclusion

Planning

Evaluate the performance of the company

Manage cost

Make a long term plan

Marketing strategy

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