16 July Cost Analysis

Cost Analysis AFTERSCHOOOL – DEVELOPING CHANGE MAKERS CENTRE FOR SOCIAL ENTREPRENEURSHIP PGPSE PROGRAMME – World’ Most Comprehensive programme in social entrepreneurship & spiritual entrepreneurship OPEN FOR ALL FREE FOR ALL

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Cost Analysis Dr. T.K. Jain. AFTERSCHOOOL Centre for social entrepreneurship Bikaner M: 9414430763 [email protected] www.afterschool.tk www.afterschoool.tk www.afterschoool.tk

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What is budgetary control?  Establishment

of budgets relating to the responsibilities of executives to the reuqirements fo a policy and the continuous comparison of actual with budgeted results either to secure by individual action or to ensure consistency with policy.

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Opening stock is 800 units. We want closing stock to be higher by 20%. We want to produce 5000 units of finished goods. Each unit requires 2 units of raw material. What is our material usage budget?  5000*2

= 10000 units.  Material usage stock will not require any adjustment for closing stock.

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Maximum level of inventory?  Reorder

level + reorder quantity (minimum consumption* minimum reorder period)

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Our reorder level is 10000. Reorder quantity is 4000 units. Minimum period of reorder is 2 months & minimum consumption during this period is 500 units per month. What is my maximum quantity of inventory ?  Reorder

level + reorder quantity (minimum consumption* minimum reorder period)  (10000+4000)-(500*2)=140001000=13000 answer. www.afterschoool.tk

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What is my danger level of stock, if my avg. consumption is 600 units per month and during emergency, it will take 4 days to get the goods.  Danger

level = Avg. consumption* lead time for emergency purchase  Daily consumption is 20 units.  20*4 = 80 units are my danger level

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My maximum consumtpion per month is 400 units and maximum period of delivery is 5 months. What should be reorder leve?  Reorder

level = maximum usage * maximum delivery period  =400 * 5  =2000 units.

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I charge 25% margin and give 10% discount, what is my profit in %?  Is

it 15% = wrong answer  Let us assume our cost 100. SP = 125. 10% discount = 125-12.5 = 112.5.  Thus profit in % is 12.5 answer.

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I bought balls @ 2 for a rupee and sold them @ 5 for Rs. 3. what is my profit / loss in %?  Let

us take LCM of 2 & 5 = 10. I purchase 10 balls for Rs. 5. Now I sell these for Rs. 6. My profit is re. 1.  Profit in % is 1/5*100 = 20% answer.  Alternatively : cost of one ball .5 selling price of one ball is .6 thus profit is .1 profit is % is .1/.5 *100 = 20%

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I sold my old car for Rs. 10 Lakh, in the process I lost 1/11 of my cost. What was my cost? I

lost 1/11 that means I sold at 10/11. I know the selling price. Let me calculate cost = 10lakh *11/10 =11Lakhs answer.

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A dishonest trader uses 960 grams for 1Kg and sells at cost price. What is his gain in %?  When

he is selling 960 grams, he is gaining profit of 40. Thus his profit in % is 40/960 *100  =4.1666% answer.

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X,Y,Z share profit equally. If X keeps capital of Rs. 12000 for 12 months, Y keeps 18000 for W months and Z keeps 24000 for M months, what is W and M?  Their

profit sharing ratio is equal.  X = 12*12 = 144.  18W = 144 or W = 144/18 =8  24M = 144 or M = 144/24 = 6  Thus W is 8 months and M is 6 months answer. www.afterschoool.tk

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Ram and shyam started business With Rs. 40 Lakh and 50 Lakh. After 4 month Shyam left and Pradeep Joined them with capital of 30 Lakh. They earned profit of Rs. 120 lakh in one year. How should they share?  Profit

sharing ratio: Ram=4*12, Shyam 5*4, Pradeep=3*8 ratio = 12:5:6 =23.  Thus Ram will get 12/23*120 = 62.6 lakh  Shyam will get 5/23*120 =26 lakh and Pradeep will get 31.4 lakhs answer. www.afterschoool.tk

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Tarachand rows 2 KM down the stream in 12 minutes and upstream in 20 minutes. What is the speed of stream? 

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He travels 2 Km in 12 minutes, thus in 60 minutes he will travel 10 KM. similarly in 20 minutes he travels 2 km, so he will travel 6 km in 60 minutes. Speed of Tarachand is 10 KM per hour while going and 6 KM per hour upstream. Formulae is (X-Y) / 2 here X = speed downstream, Y = speed upstream =(10-6)/2 = 2 Km per hour.

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There are 2 trains of length 121 meters and 99 meters running at the speed of 80 and 64 KM per hour respectively. They are crossing each other. How long will it take to cross? 

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When they cross = add their speed; and when they move in same direction = find the difference of their speed. Add their length = 121+99 = 220 meters. Convert speed into meter/s = 144*5/18=40 meters /s Time =220/40 = 5.5 seconds answer.

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In 1 KM race, A beats B by 40 meters or 7 seconds. Find their speed & timings in the race?  B’s

speed is 40 metes in 7 seconds. Thus his speed is (40/7) *(18/5) = 20.57km per hour.  B’s time: 1000*7/40=175 seconds or 2 minutes and 55 seconds.  A’s time = 2 minutes and 48 seconds.  Always start with looser. www.afterschoool.tk

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Bitthal comes to afterschoool @ 40 KM per hour, but goes from Afterschoool @ 70 KM per hour. What is his average speed? Find harmonic mean of 40 and 70.  ½(1/40+1/70)  =1/2(110/2800) = 110/5600  Reverse it : 5600/110 = 50.9  Or 51 KM per hour approx.  In all such questions, use harmonic mean to find answer. 

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ABO UT A FTERSCH OOO L Afterschoool conducts three year integrated PGPSE (after class 12th along with IAS / CA / CS) and 18 month PGPSE (Post Graduate Programme in Social Entrepreneurship) along with preparation for CS / CFP / CFA /CMA / FRM. This course is also available online also. It also conducts workshops on social entrepreneurship in schools and colleges all over India – start social entrepreneurship club in your institution today with the help from afterschoool and help us in developing society.

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Why such a programme? 

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To promote people to take up entrepreneurship and help develop the society To enable people to take up franchising and other such options to start a business / social development project To enable people to take up social development as their mission To enable people to promote spirituality and positive thinking in the world

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Who are our supporters?  Afterschoolians,

our past beneficiaries, entrepreneurs and social entrepreneurs are supporting us.  You can also support us – not necessarily by money – but by being promotor of our concept and our ideas.

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About AFTERSCHOOOL PGPSE – the best programme for developing great entrepreneurs     

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Most flexible, adaptive but rigorous programme Available in distance learning mode Case study focused- latest cases Industry oriented practical curriculum Designed to make you entrepreneurs – not just an employee Option to take up part time job – so earn while you learn The only absolutely free course on internet

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Workshops from AFTERSCHOOOL         

IIF, Delhi CIPS, Jaipur ICSI Hyderabad Branch Gyan Vihar, Jaipur Apex Institute of Management, Jaipur Aravali Institute of Management, Jodhpur Xavier Institute of Management, Bhubaneshwar Pacific Institute, Udaipur Engineering College, Hyderabad

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Flexible Specialisations:          

Spiritualising business and society Rural development and transformation HRD and Education, Social Development NGO and voluntary work Investment analysis,microfinance and inclusion Retail sector, BPO, KPO Accounting & Information system (with CA / CS /CMA) Hospital management and Health care Hospitality sector and culture and heritage Other sectors of high growth, high technology and social relevance

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Salient features: The only programme of its kind (in the whole world)  No publicity and low profile course  For those who want to achieve success in life – not just a degree  Indepth knowledge and expertise  Professional approac: World class approach  Strong intellectual and business capabilities  Flexible – you may stay for a month and continue the rest of the education by distance mode. / you may attend weekend classes  Scholarships for those from poor economic background  Latest and constantly changing curriculum – keeping pace with the time  Placement for those who are interested  Admissions open throughout the year  Latest and most advanced technologies, books and study www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS material 

Components              

Pedagogy curriculum and approach based on IIM Ahmedabad and ISB Hyderabad (the founder is alumnus from IIMA & ISB Hyderabad) Meditation, spiritualisation, and self development Essential softwares for business Business plan, Research projects Participation in conferences / seminars Workshops on leadership, team building etc. Written submissions of research projects/articles / papers Interview of entrepreneurs, writing biographies of entrepreneurs Editing of journals / newsletters Consultancy / research projects Assignments, communication skill workshops Participation in conferences and seminars Group discussions, mock interviews, self development diaryng Mind Power Training & writing workshop (by Dr. T.K.Jain)

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Pedagogy          

Case analysis, Articles from Harvard Business Review Quiz, seminars, workshops, games, Visits to entrepreneurs and industrial visits Presentations, Latest audio-visuals Group discussions and group projects Periodic self assessment Mentoring and counselling Study exchange programme (with institutions out of India) Rural development / Social welfare projects

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Branches  AFTERSCHOOOL

will shortly open its branches in important cities in India including Delhi, Kota, Mumbai, Gurgaon and other important cities. Afterschooolians will be responsible for managing and developing these branches – and for promoting social entrepreneurs.

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Case Studies  We

want to write case studies on social entrepreneurs, first generation entrepreneurs, ethical entrepreneurs. Please help us in this process. Help us to be in touch with entrepreneurs, so that we may develop entrepreneurs.

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Basic values at afterschoool        

Share to learn more Interact to develop yourself Fear is your worst enemy Make mistakes to learn Study & discuss in a group Criticism is the healthy route to mutual support and help Ask fundamental questions : why, when, how & where? Embrace change – and compete with yourself only

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www.afterschoool.tk social entrepreneurship for better society

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