Revision Course PEV/PCR

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
Hi guys, How is everyone doing?

I am studying for PEV & PCR to do in June and to be frank i think I am really far off passing.

I just wondered if by any chance there are any revision courses in wiltshire for this before the exams OR if there was someone who would consider being an email study buddy in the lead up to the exams.

Cheers & Good Luck

Stacey

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Revision Course PEV/PCR

    Hi Stacey

    I am doing the same two exams in June.

    My email is yasmine.clark@onetel.net if you would like to contact me. Can maybe help each other out.


    Yas
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Revision Course PEV/PCR

    Hi Stacey

    If you are stuck on anything please feel free to just ask... post all your questions and I will do my best to help you out :)

    Regards

    Dean
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Revision Course PEV/PCR

    Ok

    Are there any ways that you use to remember the material, labour and fixed overhead variances.

    I am really struggling to remember these and it doesn't help that sometimes the answers are laid out differently in the past papers than in the books.

    Cheers

    Stacey
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Revision Course PEV/PCR

    There are other ways of remembering these and I think there is other thread on the boards that might show it better but I found this one for you...

    http://www.aat.org.uk/forums/posts/list/11482.page

    Regards

    Dean
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Revision Course PEV/PCR

    Taken from a previous thread :-

    In answer to your question:_
    Material price variance is std price - actual price x actual amount purchased
    Material usage variance is std usage for actual production - actual production x std price
    Labour rate variance std rate - actual rate x actual hours worked
    Labour efficiency variance is std hours - actual hours x std labour rate
    Fixed overhead expenditure is budgeted overheads - actual overheads

    The following variances are dependant on what they are based on - usually labour hours, but could be machine hours
    Fixed overheads volume variance is Std hours - budgeted hours x std absorption rate
    Fixed overheads capacity variance is- Actual hours - budgeted hours x asbs rate
    Fixed overheads efficiency variance is- Std hours - actual hours x abs rate.

    As a post script I found a useful way to learn the sequences and then with practise understand the way that they are calculated:- PURE ASAS

    P -(price) std price - actual price x Actual purchases
    U - (usage) std usage - actual usage x Std price of materials
    R - (labour rate) std rate - actual rate x Actual hours worked
    E - (labour efficiency) std hours - Actual hours x Std rate

    The help for the fixed overheads is :-

    Volume variance - SBV- Silly boring variances
    Capacity variances - ABC- the alphabet
    Efficiency variance - SAE - Stamped addressed envelope
    Hope this helps
    Good luck
    Eva

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Revision Course PEV/PCR

    Hi guys,

    I just wanted to take the time to come on here and say thankyou to all of you who replied to me in 'my hour of need'.

    The easy ways of remembering the variance formulas are now firmly embedded in my head and last night i completed the variance section of a past paper for the first time without looking at my books and got it right!

    It is really good to know that i can talk to people who are in the same boat as me and get help when i need it, this is even more relevant as i am doing a home study course so i am completely on my own!

    Thanks again guys

    Stacey

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