PCR exam
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Just wondering whether anyone thinks we will have time series on the PCR due to the fact it was on PEV. does anyone know how much we need to know about time series for the exam if it comes up ?
Also if we are asked to form a flexed budget in absoprtion method instead of marginal do we just calculate the variable costs based on production instead of sales and then deduct closing stock at full absorption costs?
Also if we are asked to form a flexed budget in absoprtion method instead of marginal do we just calculate the variable costs based on production instead of sales and then deduct closing stock at full absorption costs?
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Re:PCR exam
Cant see seasonal variations being on there, but there may be something on linear regression, or moving averages.
The absorbtion costings should be done the same on sales not production.
But you shouldnt get a question like this, if there is closing stock it will normally be a marginal flexed budget, just me thoughts!0