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2006/030041/07 PO Box 4864 Vanderbijlpark Republic of South Africa Tel +27(0)16 981 0237 Fax+27(0)16 981 0238 Cell+27(0)82

413 0555 info@onsiteservices.co.za

WEEKLY REPORT 25 NOV - 29 NOV


Name: Student Number: Email: Date: Mentor: Managing Director: Supervising Foreman: Gustav Oehley 211111309 gioehley@gmail.com 02/12/2013 Mr. S.E.F. Botha Mr. J. Greyling Anton van Vollenstee

Table of contents
Cover page Table of contents List of Figures 1. Abstract and Introduction 2. Objective 3. The Meaning of Budgetary Control 3.1 Planning of Business Operations 3.2 Popular Conception of Budgetary Control 3.3Procedure for Budgetary Control 3.4 Essential Features 3.5 Budgetary Control Not a New Idea 3.6 Modern Tendency towards Budgetary Control 4. The Need for Budgetary Control 4.1 Why Budgetary Control Is Needed 4.2 Interdependence of Business Activities 4.3 Functional Activities - Their Coordination 4.4 Balancing Production and Sales 4.5 Planning for Equipment and Personnel 4.6 Planning of Finances 4.7 Coordination - Special Problems 4.8 Cooperation among Functional Officers 4.9 Reason for Present Lack of Coordination 4.10 Mere Study of Past Records Inadequate 4.11 New Method Needed 4.12 Centralization of Executive Control

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4.13 Control Exercised by Owners. 4.14 Control by Board of Directors 4.15 Control through General Officers 4.16 Control Exercised by Junior Executives 4.17 Result of the Delegation of Administrative Duties 4.18 Judging by Past Performance and by Contemplated Plans 5. The Production Budget 5.1 Relation of Production Budget to Sales Budget 5.2 Relation of Production Control to Production Policies 5.3 Adjusting Sales Plans with Production Capacity 5.4 Determination of Production Requirements 5.5 Relation of Inventory of Finished Goods to Estimate of Production 5.6 "Maximum" and ''Minimum" Limits of Inventory Control 5.7 Production Period 5.8 Probable Sales 5.9 Margin of Safety 5.10 Economical Run 5.11 Method of Calculating "Maximum" and "Minimum" 5.12 Finished Goods Records 5.13 Relation of Production Planning to the Production Budget 5.14 Relation of Production Costs to the Production Budget 5.15 Control of Production on Special Orders 5.16 Preparation of Production Budget 5.17 Control over Production Budget 5.18 Significance of Finished Stock Budget Report 6. The Materials Budget 6.1 Need for Estimate of Materials

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6.2 Determination of Material Requirements - By Commodities 6.3 By Ratios of Former Periods 6.4 Standard Material Rates as an Aid 6.5 Relation of Materials Requirements to Materials Inventory 6.6 Maximum and Minimum Limits as a Basis of Inventory Control 6.7 Record of Materials 6.8 Relation of Purchasing Policies to Materials Budget 6.9 The "Stores" Budget 6.10 Preparation of Materials Budget 6.11 Materials Budget Form 6.12 Control of Materials Budget 7. The Labor Budget 7.1 Determining Labor Requirements by Analysis of Each Product 7.2 Other Methods of Estimating Labor Requirements 7.3 Use of Standard Labor Rates 7.4 Relation of Labor Requirements to Production and Labor Policies 7.5 The Pay-Roll Budget 7.6 Preparation of Labor Budget - Approved Procedure 7.7 Less Satisfactory Methods of Preparing Labor Budget 7.8 Form of Labor Budget 7.9 Approval by Budget Committee 7.10 Control of Labor Budget 8. The Manufacturing Expense Budget 8.1 Need for Estimate of Manufacturing Expense 8.2 Definition of Manufacturing Expense 8.3 Components of Manufacturing Expense

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8.4 Classification of Manufacturing Expense 8.5 Determination of Manufacturing Expense Requirements 8.6 Distribution of Manufacturing Expenses 8.7 Relation of Standard Rates to Manufacturing Expense Budget 8.8 Relation of Budget Program to Standard Rates 8.9 Relation of Standard Rates to Volume of Production 8.10 Modification of the Standard Machine Rate Plan 8.11 The "Miscellaneous" Expense Budget 8.12 Preparation of the Manufacturing Expense Budget 8.13 Control of Manufacturing Expense Budget 9. Conclusion 10. References and Resources

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List of Figures
Figure 1. Corporate form of Organization Figure 2. Monthly Finished Stock Budget Report Figure 3. Balance of Stores Sheet Figure 4. Materials Budget Figure 5. Periodic Report on Materials Budget Figure 6. Labor Budget Figure 7. Monthly Report on Labor Budget Figure 8. Manufacturing Expense Budget Figure 9. Monthly Report on Manufacturing Expense 16 29 36 40 40 47 47 57 57

1. Abstract and Introduction


During this week at Onsite services, I looked into Budget Control, which forms part of business management. Budgeting plays an important role in the finances of any business. The university expect me to gather information on this topic and get training on budget control. To form part of my training, I put together this report.

2. Objective
The objective for this report is to give feedback on the topic and time that I spend during the week and also giving information about the content that I have researched.

9. Conclusion
After finishing this report and getting information on Budget Control, reading and studying into budgeting, I can say that I have gained a large amount of knowledge in another facet of the production process. This report did not only give me insight into my professional career but also showed me how important business management is in the engineering industry.

10. References and Resources


For Thermography: Mahoney, J., Pierce, L., Uhlmeyer, J., Moore, R., Muench, S., Read, S., and H. Jakob. Identification and Assessment of Construction-Related Asphalt Concrete Pavement Temperature Differentials, Presented to Transportation Research Board, 2000. Stroup-Gardiner, M., and E.R. Brown. Segregation in Hot-Mix Asphalt Pavements, NCHRP Report 441, National Research Council, 2000. Chang, C., Wolff, T., and G. Baladi. Detecting Segregation in Bituminous Pavements and Relating Its Effects to Condition, Presented to Transportation Research Board, 2000. Henault, J. Development of Guidelines for Reduction of Temperature Differential Damage (TDD) for Hot Mix Asphalt Pavement Projects in Connecticut, Construction Report No. 2222-1-99-5, Connecticut Department of Transportation, November 1999. Willoughby, K. A., Mahoney, J., Pierce, L. M., Uhlmeyer, J. S., Anderson, K., Read, S., Muench, S., Thompson, T. and R. Moore. Construction-Related Asphalt Concrete Pavement Temperature Differentials and Corresponding Density Differentials, Report Number WA-RD 476.1, Washington State Transportation Center, June 2001.

For Ultrasonic Condition Monitoring: