Group Four Work

Group Four Work

GROUP FOUR WORK

Members

•LAWRENCE NGARI

•PIUS NG’ANG’A

•RUKIA LUKANZA

•ERICK RONOH

•JOEL GATHUU

General comment:

Since learning is a gradual process, the flow of information online should also be step by step, that is, before someone can access a new topic, there should be controls to make sure he/she has completed the previous topic.

Costing

  1. The pictorial is not in line with the content. Rather than “Raw Material” It should read “Direct material costs.

Costing – Retail and Wholesale

  1. The table of content should have a drop down option.
  2. The font and colour of the table of content lacks clarity. The font should be larger and darker (distinct)

Step 1:

  1. Some pages have very few information

(one) in calculating direct material cost-illustration is out of place. There is reference to a costing form which is not there. There is also Reference to page 65 but not clearly indicating from what source.

Step2:

  1. Mis-spelling of the word purchase reading “purchses”(monthly purchases form)
  2. There is too much information in the form used to calculating Indirect costs
  3. Under indirect cost the heading should read “Indirect costs that you do not pay every month”.

Depreciation:

  1. The opening sentence should read, “Depreciation is the loss in value of your business equipment due to wear and tear...
  2. 800,000/10months should be corrected to read “80,000/12 months”
  3. In calculating indirect cost per Item, the correct formula should be “900 x 48%= Sh. 432”
  4. The link to the marketing plan, the business plan and the product costing form does not take you to the respective forms.
  5. In the diagrams of Step 4, the errors (in green and red highlights) should be corrected/removed

Price:

  1. The links to the pricing forms are also not working. (they direct you to the wrong link)

Costing for Manufacturing

Step 1: calculate direct material costs

  1. There should be a link to the City Garbage Recyclers case study
  2. The 4th from last paragraph should read, “So Otiende and Karatina have decided that herbs are not direct material cists fir making manure. At City Garbage Recyclers herbs are counted as indirect costs. You can see how City Garbage Recyclers include herbs in their indirect costs”.
  3. The calculations in the “product costing form” diagram have an error.
  4. When calculating the indirect costs per item reference to page 56 of the indirect cost form
  1. Check on the errors in the depreciation
  2. After the entire calculation process, there should be a simple application to do the product price calculation

Financial Planning

  1. Font and screen colour
  2. Under cash flow plan the ‘get paid ‘ Link should be disabled
  3. Cash flow plan steps!

They have just called it ‘15 steps’ instead of saying ‘15 stepsof cash flow Planning’

Appendix 1

Appendix 2

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