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Balance Scorecard A Case Study: Spectra

1366 words - 6 pages

March 20, 2014

Balanced Scorecard a Case Study: SPECTRA

Submitted by: U1249910 and U1250461

Spectra Cash collections from customers during the six week period
Week 1 Week 2 Week 3 Week 4 Week 5 Week 6 Total
Cash received from previous week £40, 000 £ 40, 000
Week 1 sales
£80, 000 £40, 000 £40, 000 £80, 000
Week 2 sales
£70, 000 £35, 000 £35, 000 £70, 000
Week 3 sales
£70, 000 £35, 000 £35, 000 £70, 000
Week 4 sales
£70, 000 £35, 000 £35, 000 £70, 000
Week 5 sales
£90, 000 £45, 000 £45, 000
Week 6 sales
£90, 000
Total Collections £40, 000 £40, 000 £75, 000 £70, 000 £70, 000 £80, 000 £375, 000

Spectra cash payments for raw materials the six week period
Week 1 Week 2 Week 3 Week 4 Week 5 Week 6 Total
Beginning Balance
Raw materials
£9, 000 £9, 000
Week 1 Purchases

£4, 000 £ 4,000
Total payments £9, 000 £4, 000 £13, 000

Spectra cash payments for direct labour, variable and fixed overheads the six week period

Week 1 Week 2 Week 3 Week 4 Week 5 Week 6 total
Week 1 payments
Direct labour
Fixed overhead
Variable overhead
£12000 £56, 000
Week 2 payments
Direct labour
Fixed overhead
Variable overhead
£ 20000
£12, 000 £56, 000
Week 3 payments
Direct labour
Fixed overhead

£16000 £32, 000
Week 4 payments
Direct labour
Fixed overhead
£16000 £32, 000
Week 5 payments
Direct labour
Fixed overhead
£32, 000
Week 6 payments
Direct labour
Fixed overhead
£16000 £32, 000
Total payments £56, 000 £56, 000 £32, 000 £32, 000 £32, 000 £32, 000 £240, 000

for the six week period
Week 1 Week 2 Week 3 Week 4 Week 5 Week 6 Total
Cash Inflows
Cash collected from customers £40, 000 £40, 000 £75, 000 £70 000 £70000 £80, 000 £375000
Bank overdrafts £39, 000 £6000
Cash balance c/f to week 2 £14, 000
Total receipts & Available Balance
£79 000 £60, 000 £75, 000 £70 000 £70000 £80, 000 £375000
Cash Outflows
Raw material purchases £9, 000 £4000 0 0 0 0 £13, 000
Direct labour expenses £24, 000 £24, 000 £16, 000 £16, 000 £16, 000 £16, 000 £96,000
Fixed overhead expenses £20, 000 £20,000 £16, 000 £16, 000 £16, 000 £16, 000 £88, 000
Variable overhead expenses £12, 000 £12, 000 0 0 0 0 £24, 000
Total Cash Outflows
£65, 000 60, 000 £32, 000 £32, 000 £32, 000 £32, 000 £253000
Cash balance (£14000) 0 £43000 £38000 £38000 £48000 £122000

The Balance scorecard is an analysis instrument developed to transform a company’s business strategy into identified, defined, quantifiable and specific objectives and to examine the performance of the company towards the achievement of the objectives. Biazzo & Garengo, (2012, 9) point out that the presence of a number of indicators coupled with the critical success factors, given the position of a company in the industry should be crucial and the...

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