Identify and explain the weakness of the existing financial statement as a management report. Suggest ways to improve the current statement which, would help Southern Division manager to better manage and control his department effectively. Redraft a new report and justify your propose format over the existing format.

& Case study S2 2021 (1).pdf - Adobe Acrobat Reader DC (32-bit) X File Edit View Sign Window Help Home Tools Case study S2 2021... x (? Sign In 7 /8 66.7% prepared by the cost control clerk is reproduced as below. It covers the 12 month to the end of A December 2022 and all figures refer to cash payments made. Search 'Draw Line' Statement of Southern Division expenditure budget for the year 2022 Expenditure to Budget to Under/over Total Export PDF date date spending budget for (March) (March) the year Non-woven Fabric 1780,250 1352,250 428,000 5,409,000 Adobe Export PDF Polypropylene 48,000 34,000 14,000 320,000 Convert PDF Files to Word Elastic ear- 35,238 33,237 2,001 140,952 or Excel Online Nose strips 5,798 6,878 1,080 23, 192 Select PDF File Labour Cost 85,638 96,250 10,612 385,000 Case study ..021 (1).pdf X Other materials 6,522 8,834 467 12,0520 Administrative staffs 86, 138 76,138 10,000 590,235 Convert to expenses Cleaning cost 52,135 63,156 Microsoft Word (*.docx) v 11,021 386,635 Lighting and heating cost 58,920 68,640 7,920 360,000 Document Language: Rates 25,300 19,500 5,800 125,450 English (U.S.) Change Product development 36,524 38,000 1,476 120,000 Marketing cost 15,630 0 15,630 0 Convert, edit and e-sign PDF Stationery, postage and 8,452 5,500 1,952 33,808 forms & agreements telephone charges Miscellaneous expenses 10,530 11,351 821 42,120 Free 7-Day Trial Type here to search O 22.C Rain showers ~ {) ENG 9:24 PM 2/10/2021