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Act 202 Group Project Outline Summer 21 You have a biryani restaurant in operation at Bashundhara R/A since 2015. Information of your business in 2018

Act 202 Group Project Outline Summer 21

You have a biryani restaurant in operation at Bashundhara R/A since 2015. Information of your business in 2018 are as follows: Selling price was BDT 200 per plate Average Sales volume was 70 plates per day Annual sales growth was 10% Price increases by 10% every year Monthly average selling and administration cost of the stall was: Grease payment = BDT 1,000/month Rent = BDT 9,000/month Utility = BDT 500/month Depreciation = BDT 100/month During a normal situation, the following growth has been observed: Raw material cost increases by 5% every year Labor cost increases by 3% every year MOH cost increases by 5% every year Selling and administration cost increases by 2% every year Make a Master Budget (Sales/Production/RM/Labor/MOH/Selling & Administrative/Cash budget) for the year 2019 (Pre-CORONA virus year) and another Master Budget for the year 2020 (CORONA virus year). You need to calculate your own production cost (raw material cost + labor cost + MOH cost) and opening/closing inventory. Show details/breakdown of your calculation. Give reasons of any changes of your assumptions between 2019 and 2020 Master Budget i.e., pre COVID 19 situation and during COVID 19 situation. Also keep in mind that due to COVID 19 situation, the growth rate may be different than what has been observed during the normal scenario (mentioned above). Note: 1. Assignment should be done in MS Excel or MS Word and submit in PDF format only. No hand written. 2. No word limits. 3. Plagiarism will be severely penalized.

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