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Re: Question re: Self-assessment reclaim?
Nope, that OP was not me - I don't have an account on AccountingWeb. xD
In the end, I submitted a P87 form with the subscriptions for both bodies - if they accept them, that's fine, if not then that's also fine.
In the end, I submitted a P87 form with the subscriptions for both bodies - if they accept them, that's fine, if not then that's also fine.
Re: AAT level 4 mabu sample assessment 2 task 5c
Hi,
Is this the one with 1st draft 250K units, 2nd draft 210K units and 3rd draft 225K units?
It mentions that depreciation is a stepped cost increasing every 20,000 units.
Draft 1 - 250,000 units
250,000/20,000 = 12.5 this means its on the 13th step
Depreciation cost of £5850 divide by 13 steps = £450 per step
Check step cost on Draft 2 - 210,000 units
210,000/20,000 = 10.5 means 11th step. 11 steps x £450 per step = £4950 this confirms we are right
Draft 3 - 225,000 units
225,000/20,000 = 11.25 means 12th step x £450 = £5400
It doesn't say what characteristic Energy cost is but after doing a few examples you would expect it to be semi-variable. Use the high/low method.
£33,250-£31,450 / 250,000 - 210,000 = £0.045 (variable cost per unit)
Take 250,000 units for example,
Variable cost = 250,000 x £0.045 = £11,250
Where total cost = £33,250
means Fixed cost = £33,250 - £11,250 = £22,000
You can check this against draft 2 - 210,000 units if you wish to confirm
VC = 210,000 x £0.045 = £9450
Plus FC = £22,000
Total costs = £31,450
Hence for draft 3 - 225,000 units
VC = 225,000 x £0.045 = £10,125
Plus FC = £22,000
Total energy cost = 32,125
I don't have the answers so fingers crossed I have got this correct.
Is this the one with 1st draft 250K units, 2nd draft 210K units and 3rd draft 225K units?
It mentions that depreciation is a stepped cost increasing every 20,000 units.
Draft 1 - 250,000 units
250,000/20,000 = 12.5 this means its on the 13th step
Depreciation cost of £5850 divide by 13 steps = £450 per step
Check step cost on Draft 2 - 210,000 units
210,000/20,000 = 10.5 means 11th step. 11 steps x £450 per step = £4950 this confirms we are right
Draft 3 - 225,000 units
225,000/20,000 = 11.25 means 12th step x £450 = £5400
It doesn't say what characteristic Energy cost is but after doing a few examples you would expect it to be semi-variable. Use the high/low method.
£33,250-£31,450 / 250,000 - 210,000 = £0.045 (variable cost per unit)
Take 250,000 units for example,
Variable cost = 250,000 x £0.045 = £11,250
Where total cost = £33,250
means Fixed cost = £33,250 - £11,250 = £22,000
You can check this against draft 2 - 210,000 units if you wish to confirm
VC = 210,000 x £0.045 = £9450
Plus FC = £22,000
Total costs = £31,450
Hence for draft 3 - 225,000 units
VC = 225,000 x £0.045 = £10,125
Plus FC = £22,000
Total energy cost = 32,125
I don't have the answers so fingers crossed I have got this correct.
N4T
1
Re: Books to buy and sell - guidelines
Hi everyone, I'm looking for a full set used AQ2016 level 2 Osbourne books, if everyone has got those books for sell please let me know. Cheers.
Atiq
1