Project Report: Assessment No. 3

Australian Ideal College
RTO No.: 91679 CRICOS Provider Code: 03053G ABN: 15 126 592 756
Sydney Campus: Level 7 & 8, 75 King St, Sydney NSW 2000 Australia
Tel: [phone] Fax: [phone]Educating for Excellence
Project Report: Assessment No. 3

Australian Ideal College
RTO No.: 91679 CRICOS Provider Code: 03053G ABN: 15 126 592 756
Sydney Campus: Level 7 & 8, 75 King St, Sydney NSW 2000 Australia
Tel: [phone] Fax: [phone]Educating for Excellence
Task A:
Variance report:
See the attached spreadsheet
Task B
Big Red Bicycle Pty Ltd
CAPEX Budget FY 2012-13
FY Q1 Q2 Q3 Q4
CAPEX
PPE 16,350 500,000
Building 654,000 654,000
Big Red Bicycle Pty Ltd
Sales evaluation FY 2012-13
FY Q1 Q2 Q3 Q4
REVENUE
Commissions
(2.5% sales)
77,500 17,500 25,000 17,500 17,500
Sales 3,100,000 700,000 1,000,000 700,000 700,000
Big Red Bicycle Pty Ltd
Sales Budget
FY Q1 Q2 Q3 Q4
REVENUE

Australian Ideal College
RTO No.: 91679 CRICOS Provider Code: 03053G ABN: 15 126 592 756
Sydney Campus: Level 7 & 8, 75 King St, Sydney NSW 2000 Australia
Tel: [phone] Fax: [phone]Educating for Excellence
Sales 2,480,000 560,000 800,000 560,000 560,000
Big Red Bicycle Pty Ltd
Expenses Budget FY 2012-13
FY Q1 Q2 Q3 Q4
EXPENSES
General & Administrative
Expenses
Accounting fees 15,000 5,000 5,000 5,000 5,000
Legal fees 5,000 1,250 1,250 1,250 1,250
Bank charges 600 150 150 150 150
Office supplies 5,000 1,250 1,250 1,250 1,250
Postage &
printing
400 100 100 100 100
Dues &
subscriptions
500 125 125 125 125
Telephone 10,000 2,500 2,500 2,500 2,500
Repairs &
maintenance
25,000 12,500 12,500 12,500 12,500
Payroll tax 10,000 6,250 6,250 6,250 6,250
Marketing Expenses
Advertising 100,000 25,000 25,000 25,000 25,004
Employment Expenses
Superannuation 37,200 9,300 9,300 9,300 9,300
Wages &
salaries
200,000 50,000 50,000 50,000 50,000
Staff amenities 20,000 5,000 5,000 5,000 5,000
Occupancy Costs
Electricity 17,567 4,392 4,392 4,392 4,391
Insurance 50,000 12,500 12,500 12,500 12,499
Rates 50,000 12,500 12,500 12,500 12,499
Rent 90,000 22,500 22,500 22,500 22,500