ECR Help

System
System Posts: 100,534 🤖 Admin 🤖
edited 10:32AM in AAT student discussion
Hi

I know it is late notice but I have my ECR sim tomorrow and I was wondering if anyone could give me tips on what best to revise?? I have been looking at stuff but didn't do too well in the ECR so I am now doubting myself!!

Thanks :(

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:ECR Help

    I've done the sim 2 weeks ago.
    Stock valuation (Stock Record Card)
    Transfer direct cost to job card & weekly timesheet
    Marginal Costing ( BEP, Margin of Safety, PV Ratio )
    Limiting Factor
    Net Present Value
    Allocation,apportionment, re-apportionment ( step down method & direct method )
    OAR ( machine and labour )
    Over / under absorption
    Journal entries for under/over absorption
    Memo
    Question and answer

    I hope it will help you
    :)

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:ECR Help

    I've done the sim 2 weeks ago.
    Stock valuation (Stock Record Card)
    Transfer direct cost to job card & weekly timesheet
    Marginal Costing ( BEP, Margin of Safety, PV Ratio )
    Limiting Factor
    Net Present Value
    Allocation,apportionment, re-apportionment ( step down method & direct method )
    OAR ( machine and labour )
    Over / under absorption
    Journal entries for under/over absorption
    Memo
    Question and answer

    I hope it will help you
    :)

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:ECR Help

    That's brilliant!! Thank you - you're a star :D
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:ECR Help

    My simmulation is in about 2 weeks time, but i dont think we all have the same one. depend on the teacher.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:ECR Help

    Hi, you're really on the case! Could you help with one particular question....'Calculate the % increase in direct labour cost before B/E point is reached for sales of 25 benches. Answer question as a percentage' Any ideas? :?
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:ECR Help

    Hi...
    % increase in di direct labour ?
    That's the question in my sim. I'll give you the formula 'cause I forgot the figure, but I remembered the answer is 61.15% ( 61 % ).

    So,...
    forecast profit of 25 benches : expected output( that means 25 ) = XXX

    then, XXX : direct labour/unit x 100 = XXX%

    Good luck :D


  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:ECR Help

    Great, thanks...must learn to be more confident as I spent ages on this question, came up with labour/units but didnt have confidence to use it! thanks again
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:ECR Help

    Great, thanks...must learn to be more confident as I spent ages on this question, came up with labour/units but didnt have confidence to use it! thanks again

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