Professional Documents
Culture Documents
ON
“EXPENSE ANALYSIS”
AT
“MVM Industries”
(2019 – 2021)
I Vijay Kumar student of M.B.A of HPU (Icdeol) Shimla affiliated to UGC does hereby
declare that the project report titled " Expense Analysis " is a genuine research work
undertaken by me in and all the information, facts and finding furnished in this report is
result of my hard work and are original in nature and it has not been published anywhere
earlier.
Vijay Kumar
ACKNOWLEDGEMENT
Master of Business Administration is the first step in the professional area for a
student where they get to understand the managerial corner of the working of an
organization. So, it is important that whatever has been learnt theoretically, the practical
implication of the same should also be learnt. Fortunately, I got the opportunity to
undertake my internship in a professionally very well managed.
The summer internship program was all the more learning experience for me. Apart from
working on my project, I worked with staff of the organization and got to understand the
real work time conditions and learnt them. Industrial training is platform for a student to
supplement this theoretical knowledge. The main purpose of industrial training is to get
an exposure in industrial environment which is not possible in classroom.
This project report is the result of working on project with MVM Industries, which
served integral part of curriculum. It provided me the experience of industry before
coming into the corporate world. It helped me to view the world of business.
The project game me the great deal of exposure and I found the practical work totally
different from the theoretical work.
I feel immense pleasure in submitting this report on industrial summer training with
deep sense of gratitude. I would express my sincere thanks to Mr. Chander Govind “
Sr. Finance Officer ” of the company who allowed me to undergo training at their
organization.
PREFACE
There is gap between theory and practice and the training is aimed at removing this gap
and to increase process of communication between future manager and industrial sector.
In present age of business, where profit maximization is the main objective, price and
quality are the major thrust area to conquer the market.
.
DECLARATION
I Vijay Kumar student of M.B.A of HPU (Icdeol) Shimla affiliated to UGC does hereby
declare that the project report titled " Expense Analysis " is a genuine research work
undertaken by me in and all the information, facts and finding furnished in this report is
result of my hard work and are original in nature and it has not been published anywhere
earlier.
Vijay Kumar
CONTENT
INTRODUCTION OF COMPANY
Profile of company
Chapter No. 1 Mission
Vision
Industrial Products
Conclusion
Chapter No. 6.
Bibliography
Profile of company
MVM Industries
Founded in 2010, MVM Industries has established itself as a premier Home Appliances
manufacturing company. Over the years, our customers have relied upon us to deliver
quality products consistently time and again. We have very well catered to the
As a leading provider of Induction Cook Tops, Blenders, Kitchen Hoods, Rice Cookers,
Gas Hobs and Kettles, MVM Industries provides you with a sagacious
one-stop solution for all of your Home and Kitchen Appliance requirements.
We at MVM Industries are truly committed to providing you with superior quality,
personalized customer service, attention to detail and competitive pricing. We enter the
market early so our customers have the opportunity to strike first and take over the
market.
By associating with MVM Industries, our customers achieve faster time-to-market, huge
varieties and variants of products and categories.
Large volume orders can be seamlessly produced with shorter lead times as per our
customer requirements. Our customer can leverage the advantage of combative pricing
and shorter lead times to position themselves ahead of competition.
Punctilious and scrupulous team of experienced engineers of our company shall be too
glad to participate and meticulously handle any new product development or innovation
to grow every category vertical and the business.
We have two manufacturing units strategically located to cater to our dynamic domestic
market and opulent overseas clients as well.
Any certification requirement shall be met to the fullest satisfaction of our customer
with MVM Industries bearing the cost in most cases.
Vision & Mission
Leadership Maintain our leadership of the Indian Industry through the
continuous modernization and expansion of our manufacturing
facilities and activities, and through the establishment of a
wide and efficient marketing network.
Quality Maintain the high quality of our products and services and
ensure their supply at fair prices.
PRODUCTS
1
Description of ISM 01
This induction cook top has pre-set Indian menu to help you to cook your
favorite dish without any qualms
Specifications:
General
Color Black
Body Material Plastic
Control Push Button
Functions Cook ,Heat
Other Functions Child lock function
Cooking Menus 8
Auto OFF Yes
Display Yes
Push Buttons Touch
MSGM01
2
Mixer Body:
Compactly built and elegantly designed ,this mixer grinder
occupies less space but attar acts more attention
Sturdy Body made up of ABS plastic
Prestige mixer grinder is equipped with 6 stainless steel multi-purpose blades that
assist in dry and wet grinding and mixing all nutritious components together. With
the availability of 3-speed settings, you can grind soft and hard fruits and
vegetables accordingly. Also, such sharp blades need to be washed with care after
use.
The Prestige mixer grinder add touch of style to your kitchen with its well-
designed plastic body that has optimum grace with special features. Its material is
rust-free and so will not get corroded easily ,ensuring its longevity and grace for a
long time. The switch buttons and light indicator available on its outer core help
you deal effectively with its functions.
The powerful 750W universal motor which operates with the AC supply of 220-
240V,
Reduces the hysteresis in the motor core resulting in less temperature rise there by
increasing the life of the motor.
3 Description Of KSM1
Capacity
With this 1.2L electric kettle, you can comfortably make
delicious noodles, steaming cup of coffee, and tasty boiled
eggs in a jiffy. No matter where you are, whether you are
traveling , watching a late night movie at home or in your
hostel room preparing for your exam, with this kettle you
can make prepare and savor food within minutes.
Lockable Lid
To make your travel experience better and worth while, this kettle comes with a
lockable lid to ensure that the liquid inside doesn’t spill while you are traveling.
Power Consumption
With this kettle , you don’t have to worry about paying high electricity
bills as this kettle consumes just about 1500 W of power.
Highlights
Concealed element
Wide mouth for easy cleaning
Automatic cut-off
Stain less steel body
Single touch lid locking
360˚swivel power base
Specifications:-
General
Color Silver
Body Material Stainless steel
Capacity in Liters 1.2
Coil Type Concealed
Power indicator Yes
Light
Auto cut off Yes
360˚ rotational Yes
Base
Water level No
indicator
Length of cord 2 meter
Weight 1.6Kg
Power and Voltage
Power in put in 1500
Watts
Voltage 230V
In the box
Box Contents Main Unit , User Manual
4
Description of WGSM 04
Conical Grinding Stones
The grinding action is done by specially designed conical grinding stones that are of
a high quality and have a great wear resistance With their heavy mass and high
contact surface area ,they grind up the ingredients to a fine paste.
The Prestige PWG 05 wet grinder features a strong polycarbonate lid that covers up
the drum during operation . Being transparent it also allows you to look into the
drum while grinding .It is tough and durable and lasts for long.
Non-Slip Feet
The grinder features on slip feet that keep it firmly planted on the floor . The feet
material is designed to give superior grip and vibration noise reduction during
operation.
Highlights:
Compactable top design
Stainless steel drum
High quality grinding stones
2 liter capacity
Coconut scraper attachment
Atta kneader attachment
200 watts motor
Specifications:
General
Color White & Maroon
Body Material ABS Main body ,Stainless steel drum
No .of Grinder 2
Rollers
Functions Grinding
Other Functions Atta Kneading ,Coconut scrapping
Locking System Yes
Auto OFF No
Dry Grinding No
Wet Grinding Yes
Material
Made from Aluminum with lids made from Stainless steel, the rice cooker is
provided with a non-stick coating which is always helpful .This cooker with
detach able power cord prevents food from burning and uses less oil during
cooking making food healthy and tasteful. The cool touch hand les provide
good grip for carrying and indicator lights help in cooking process .It comes
with detachable power cord.
Compatibility
This cooker operates on electricity. It uses 700 Watt of power to operate
which provides speedy cooking. You can easily carry this cooker on your
outdoor trips and events where electricity supply is available and enjoy tasty
hand cooked food. Gift this cooker to your friends and loved ones on any
occasion and it will remind them of your true love and care every time they
will cook tasty meal in this.
Safety
Being presented by at rust worthy brand, this electric cooker is safe to use a sit
has been designed keeping all safety standards in mind. You should keep it away
from small children as it uses electricity as power for cooking which can prove to
be hazardous if not handled properly.
Highlights
Stainless steel close fit lid
2 aluminum cooking pans
Detachable power cord
Cooks up to 1Kg.of rice
Specifications:
General
Color White
Body Material ABS
Type of Lid Stainless steel
Cooking Pan 2 Aluminum Pans
Capacity 1.2 liters
Detachable Yes
power
Cord
Functions Cooking , Steaming ,Soup Making
Power and
Voltage
Power 700 watts
Voltage 240V
In the box
Box Contents Main Unit , User Manual
Highlights
Stainless steel close fit lid
2 aluminum cooking pans
Detachable power cord
Cooks up to 1Kg. of rice
Specifications:
General
Color White
Body Material ABS
Type of Lid Stainless steel
Cooking Pan 2 Aluminum Pans
Capacity 1.2 liters
Detachable Yes
power
Cord
Functions Cooking , Steaming , Soup Making
Power and
Voltage
Power 700 watts
Voltage 240 V
In the box
Box Contents Main Unit , User Manual
EXPENSE ANALYSIS
INTRODUCTION
It is calculated for an accounting period, generally one financial year. Expenses are
accounted under “accrual principle” i.e. it is recognized for an accounting period
irrespective of whether it is incurred presently or not. Following the rules of debit
and credit “Expenses” are debited.
1. Expenses analysis is used for estimating the profit and loss of every operation.
It also helps to determine the management about the unit cost of service,
department or job and product.
2. It is used for taking necessary financial decisions by collecting and contributing
appropriate data.
3. It helps in the administration of future production policies.
4. Expenses analysis main objectives increasing the profit of the firm.
5. Along with various department ads, it helps to combine the cost reduction
programmed.
TYPES OF EXPENSES
INDIRECT EXPENSES:
Indirect expenses (also termed synonymously with operating expenses) are also
called selling, general and administration expenses. Common indirect expenses
include utility bills, selling expenses like advertising expenses and commissions
paid to salesmen, salary for supervisors, etc. Deducting operating expenses
from gross profit, one can arrive at Profit before Taxes (PBT) or Income from
Operations.
NON-OPERATING EXPENSES:
While the former two types of expenses fall in operating expenses, non-operating
expenses refer to those expenses which are not related to “revenue generation
for the core business activity”. Some examples include- the cost of borrowing,
commission on share transactions when core business is trading of garments,
donation or charity expenses etc.
VARIABLE EXPENSES:
Virtually every business has variable expenses, which move up and down in tight
proportion with changes in sales volume or sales revenue. Reducing variable
expenses means more money in your pocket every time you make a sale.
The cost of goods sold expense, which is the cost of products sold to
customers
Commissions paid to salespeople based on their sales
Franchise fees based on total sales for the period, which are paid to the
franchisor
Transportation costs of delivering products to customers via FedEx, UPS,
and freight haulers (railroads and trucking companies)
Fees that a retailer pays when a customer uses a credit or debit card
Cost of goods sold is usually the largest variable expense of a business that sells
products. Other variable expenses are operating expenses, which are the costs of
making sales and running the business. The sizes of variable operating expenses,
relative to sales revenue, vary from industry to industry.
Delivery costs of Wal-Mart and Costco, for instance, are minimal because their
customers take the products they buy with them, so they only have to focus on
deliveries to a relatively stable number of warehouses. Other businesses deliver
products to their customers’ doorsteps, so that expense is obviously much higher
(and dependent on which delivery service the company uses — FedEx or UPS
versus the U.S. Postal Service, for example).
FIXED EXPENSES:
Fixed operating expenses include the different costs that a business is obligated
to pay regardless of changes in sales levels. As an example of fixed expenses,
consider the typical self-service car wash business — you know, the kind where
you drive in, put some coins in a box, and use the water sprayer to clean your car.
Almost all the operating costs of this business are fixed: rent on the land,
depreciation of the structure and the equipment, and the annual insurance
premium don’t depend on the number of cars passing through the car wash. The
main variable expenses are the water and the soap, and perhaps the cost of
electricity.
Fixed expenses are the costs of doing business that, for all practical purposes, are
stuck at a certain amount over the short term. Here are some more examples of
fixed operating expenses:
Gas and electricity costs to heat, cool, and light the premises
Employees’ salaries and benefits
Real estate property taxes
Annual audit fee (if the business has its financial statements audited)
General liability and officers’ and directors’ insurance premiums
MAJOR INDUSTRIAL ELEMENTS OF EXPENSE
5. Administration expenses.
What is Research?
Research comprises "creative work undertaken on a systematic basis in order to
increase the stock of knowledge, including knowledge of humans, culture and
society, and the use of this stock of knowledge to devise new applications." It is
used to establish or confirm facts, reaffirm the results of previous work, solve new
or existing problems, support theorems, or develop new theories.
A research project may also be an expansion on past work in the field. Research
projects can be used to develop further knowledge on a topic, or in the example of
a school research project, they can be used to further a student's research prowess
to prepare them for future jobs or reports. To test the validity of instruments,
procedures, or experiments, research may replicate elements of prior projects or the
project as a whole. The primary purposes of basic research (as opposed to applied
research)are documentation, discovery, interpretation, or the research and
development (R&D) of methods and systems for the advancement of human
knowledge. Approaches to research depend on epistemologies, which vary
considerably both within and between humanities and sciences. There are several
forms of
research: scientific, humanities, artistic, economic, social, business, marketing, prac
titioner research, life, technological, etc.
Research is often conducted using the hourglass model structure of research. The
hourglass model starts with a broad spectrum for research, focusing in on the
required information through the method of the project (like the neck of the
hourglass), then expands the research in the form of discussion and results. The
major steps in conducting research are:
Every organization has pre-determined set of objectives and goals, but reaching
those objectives and goals only by proper planning and executing of the plans
economically. The Mvm Industries is objectives of planning promoting and
organizing an integrated development of All Home Appliances Manufacturing
Companies. The corporation mission of Mvm Industries, is to make available and
quality service in increasingly large quantities, the company will spear head the
process of accelerated development of this sector by expeditiously. The
organization needs the capable personalities as management to lead the
organization successfully, the management makes the plans and implement of
these plans are expressed in terms of cost and cost control.
The Mvm Industries has cost process in two stages. One is the capital expenditure
cost and another is operating maintenance cost, the capital expenditure cost shows
the list of capital projects selected for investment along with their estimated cost,
operating & maintenance cost refers to the repairs & maintenance costs, the special
costs are rarely used in the organization like long-term costs, research &
development cost and cost for consultancy. It is to make available and quality work
efficient resources and implementation of sophisticated technology and generation
and also creating ambience of collective working of its employees.
Expense analysis mean’s analyze the all expenditures or cost of the company.
Analyze the direct expenses, indirect expenses, capital expenditures, all operating
expenses (Daily Root Expenses) long term expenses for achieving the goals and
objectives of the organization.
BIBLIOGRAPHY
Websites visited
www.google.com
www.mvmindustries.com
www.sar-group.com
www.yangistaan.com
www.scribd.com
Encyclopedia
www.accountingtools.com
www.wikipedia.org
Personal interaction
Books
Management Accounting
By I. M. Panday
Financial Management
Cost Accounting
Magazines