Coursework Assignment Brief
|Any special requirements:||All work should be submitted on the Student Portal along with an acceptable Turnitin Report. Report and spreadsheet templates will be provided and must be used.|
|Word Limit:||Eg: 1,500 words (with 10% plus or minus)|
|Deadline date for submission:||10th November 2014|
|Learning outcomes to be examined in this assessment|| |
|Percentage of marks awarded for module:||This assignment is worth 50% of the total marks for the module|
|Assessment criteria||Explanatory comments on the assessment criteria||Maximum marks for each section|
|Content, style, relevance, originality||Clear demonstration of rigorous research from recognised authoritative sources. Audience focus.||10 %|
|Format, referencing, bibliography||Harvard||5%|
|Constructive critical analysis, introduction, conclusion||Demonstration of a clear understanding of the issues. Use of academic models.||85%|
Candidates must clearly label their ID Number on additional separate reference, formula or answer sheets. ASSIGNMENT BRIEF Section ABusiness Report50% weighting: Your assignment requires you to form a group of 2 (two) students and provide a formal business report max 1,500 words, to your Bank Manager regarding the launch of a new business manufacturing a product (choose from the list in Section D). The word count excludes your appendices. You must include within the appendices the supporting business documentation requested below. Marks will be awarded evenly to both students.
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(NOTE: as part of this section, you will need to decide which of the costs given are fixed and which are variable and include the figures you calculated in your appendices) Marks 20%
Section B Appendices to the Business Report:50% weighting
Section A & B (the full business report)Total Marks 100% Section C Guidance: Your final submitted report and appendix is to be submitted using the student portal. It should clearly show both student numbers only (no names) and no later than: 10th November 2014 AT 12 Midnight SHARP. Late submissions will be capped at 40% of your total marks for this section. Any extenuating circumstances should follow proper procedures. Marks will be returned via the student portal within two weeks of the deadline. Use the spreadsheets provided to prepare your Appendices howeverTurn-it-In only allows you to submit Word documents, so any calculations you make in Excel must be copied/pasted into the Word document before submitting. Section D DATA FOR YOUR BUSINESS: From the data below, chose your business type, the product, market & demand. The product you chose will determine whether its ingredients (materials A TO I and parts A TO B) will be in grams, kgs, metres or litres. You can chose a mixture of materials and components â€“ but be realistic â€“ examples will be provided during the lessons and on the blackboard portal. Also, choose the labour production costs from the different rates provided and then finally choose which overheads your business will incur. Choose which costs to include in the cost price of your product and then work out the selling price. Remember the different possibilities for the inclusion of the cost of a product. You must use the information provided below: it is the same as using the market research data which you would normally conduct prior to creating a business plan. The data is provided for you to remove the need for you to research this information. Type of BusinessType of Products ManufacturerProduce a Childâ€™s Toy (any TOY item) CarpenterFurniture (table, chair, office desk etc) MarketLocal (state the area), City, National, and Inter-national Demand100/month; 1,000/month; 2,500/month; 13,000/month SeasonalityYou may include seasonal variations for the first yearâ€™s operational budget if you desire (be sure to mention this in your report) Credit TermsCustomers 1 month Suppliers of Materials and components 2 months Labour (all) 0 month Factory Overheads 1 month Office Overheads 2 month Note: Credit terms determines when the cash will be exchanged â€“ which is not always the same as when the activity takes place Loan Amount & TermsBorrow as much as needed according to your total costs for the year plus 30% at a rate of 7% p.a. interest and payable within 3 years. Do include this cost in your Income Statement and Cash and Operational Budgets Ingredients (materials)Wages (production staff) A [email protected] Â£0.75/gram1 hr @ Â£6.50/hr B [email protected] Â£4.50/gram1 hr @ Â£17.25/hr C 1 kg @ Â£1.50/kg1 hr @ Â£35/hr D 2 kg @ Â£11.00/kg E [email protected] Â£5.00/metre F [email protected] Â£16.00/metreOverheads G [email protected] Â£0.35/mlFactory RentÂ£30,000 p.a. H 2 litres @ Â£1.25/litreMachinery maintenance Â£1,900 p.a. I 4 litres @ Â£1.85/litreFactory maintenanceÂ£1,800 p.a. Factory utilitiesÂ£3,700 p.a. Administration (Staff)Â£35,000 p.a. components (material parts)Office ExpensesÂ£12,500 p.a. A @ Â£0.25/componentAdvertising costsÂ£18,500 p.a. B @ Â£1.75/componentSales StaffÂ£15,000 p.a. Office RentÂ£12,500 p.a. Note: There are NO fixed assets â€“ capital expenditure Note: The amount of materials and labour your require can be in multiples or divisions of the quantities provided above. Scale the Overheads to suit your business The Overheads can also be multiples or divisions of the figures provided e.g. if you are operating in a very small shop/factory your costs will be a portion of the figures provided â€“ you can decide what portion suits you â€“ but DO MENTION THIS IN YOUR REPORT.
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