Re: AAT level 4 prereleased material
It will be in the student resources in your AAT. The company is veggie delights.
Re: Practice Assessment 2 - Task 8 b.
Profit margin is your gross profit, this is the formula sales less cost of sales (variable and fixed production costs) in this case 25%margin 75% cost of sales 100% sales
I can't still come to an answer as I can't see all figures
I will try when I get back home
Re: Decision & Control Exam
I didn’t know that Aat gives you enhancement ! That is shocking with the results . What about the limited company exam ?
Re: Exam taken 05 Feb 2021
Sorry been super busy!
So pleased we all passed I have generally told people all 3 of us passed like we are class mate lol!
How are you guys finding your Ptax? (I believe you are both doing that unit).
I have just finished the CDMT book and through the majority of the questions book (still to master them).
I must admit I am really enjoying the level 4 meterial, seems so much more interesting (especially after ethics in which i am sure we all agree 😂). The contract laws, insolvency and court procedures are pretty dry though I must admit and the written parts for the account analysis is long winded.
I bet the Ptax books are twice the size of CDMT 🙏😂
Re: Coronavirus (Covid-19) resources
I just thought I would share this on the forums in case anyone finds it useful
EMA Training ( based in Derby City Centre, DE1 2PW ) are opening 6 days a week during July 2020 to support with the AAT assessment sittings, please read :
Re: Help with suspense accounts and correcting errors question
Could someone help me with correcting errors. I discovered an error in sage and not sure how to fix it. An asset was bought for £250 and posted as visa payment. At the same time posted as cash payment. So i have dr £ 500 for an asset and cr £250 bank account and cr £250 petty cash. How to fix it leaving just bank transaction? Thanks in advance
Re: AAT level 4 MABU assessment 2 task 7c,d
Material Cost variance = Material Price variance + Material usage variance
Material usage = Material Cost - Material Price
= -6000 - 3000
= -9000 or 9000 Adverse
Material usage = (standard use - actual use) * standard price per unit
-9000 = (20000 - Actual use) * 3
Actual use = 20,000+3000
= 23,000 kg for 10,000 units or 2.3 kg per unit.
You need 960,000 units and existing covers 750,000. 960000-750000 = 210,000
There for you need to budget for 3 additional warehouses to cover the difference.
Extra cost = 3* 155,000
Total expected cost = £965,000
I might have messed up as it's been a while since I've touched variances but this should help.
Re: Level 3 Synoptic Exam
Just done ass today. We had so many problems, PC crashing/freezing. Assessment too long no printing and very difficult. Mock assessment on AAT are very easy. You dream of having something like mock assessment! Some of us could not even access part 2 spreadsheets! Part1 is much harder than mock assessment. And unfortunatly questions are linked so if you get the 1st wrong then you will get everything wrong. So very unfair. We have been told we ll have 15 minutes break but did not happen so 3h15 non stop. Excel
Is a very old version. I only use 2017 and 2016 ( college has 2016) so very different again waste of time. All recourses we had are full of mistakes unbelievable. Very desapointed with AAT. And we all failed for sure. We have worked so hard for it.
Re: Exam centres closing due to coronavirus?
just spoke to the AAT.
They have confirmed that from the
level 4 only the Synoptic exam will be available to be sat remotely.
Re: Whose receiving their results 24/04/2020?
Results are tomorrow (23rd!)