All additional costs associated with contingency

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All additional costs associated with contingency planning will be approved in accordance with BBQfun policies and procedures.
Assessment Task 1 BSBMGT517 Manage operational plan © Innovation and Business Industry Skills Council Ltd 1 st edition version: 2 Page 9 of 20 Budget summary BBQfun 2013 2014 Approved budget by activities to be undertaken Income: Sales $11,000,000 Barbecues and related equipment. Investment income $1,567,000 Real estate investment income and rental of office space. Cost of goods sold (COGS) ($5,890,000) Cost of provision of goods, purchase of stock, distribution. Gross profit $6,677,000 Gross profit. Expenses: Wages, salaries and on costs $2,567,890 Wages, salaries, superannuation, work cover insurance, payroll tax. Consultancy fees $50,000 Project management: WHS management system; change management. Communication expenses $42,000 Telephone, ISP costs, IT support. Marketing $920,000 Cost of staff travel and associated costs for sales, etc. Premises expenses $1,000,000 Rent, electricity, maintenance, cleaning. Insurance $120,000 Liability insurance Depreciation and amortisation $177,569 Computers and capital equipment that is depreciated. Office supplies $65,068 Printing and stationery, postage, amenities. Training $62,187 Sales training: leadership, WHS, ethical/legal training. Total expenses $5,004,714 Net profit $1,672,286 Net income before tax.
Assessment Task 1 BSBMGT517 Manage operational plan © Innovation and Business Industry Skills Council Ltd 1 st edition version: 2 Page 10 of 20 Operations General operating hours BBQfun operates Monday to Friday from 9 am to 5 pm. BBQfun will be operational year-round except legislated holidays. Human resources Pat Mifsud, CEO Pat is responsible for working with the Board of Directors to oversee the business, set overall strategic directions, manage risk, and authorise large financial transactions. Riz Mehra, Chief Financial Officer Riz is responsible for preparing quarterly financial statements and overall budgeting. Riz is also responsible for overseeing budgets for cost centres and individual projects. At completion of financial quarters and at the end of projects, Riz is responsible for viewing budget variation reports and incorporating information into financial statements and financial projections. Kim Chen, Operations General Manager Kim is responsible for the day-to-day running of the company. Kim oversees the coordination of all operations. Kim is responsible for sponsoring projects that affect operations of the organisation as a whole. Kim works with the HR Manager to coordinate systems and projects to achieve company-wide synergy. Les Goodale, Human Resources (HR) Manager Les is responsible for the productive capacity and welfare of people at BBQfun. With the Operations General Manager, Les works to coordinate projects and management systems, such as performance management, recruitment and induction . Sam Lee, Marketing Manager Sam is responsible for the management of all aspects of marketing. Sam manages the activities of the marketing team.

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