Pcr

wandaf

June 2007 paper for PCR Task 1.1 (g)
I notice that closing and opening stock is included in the 'Budgeted Operating Statement'. Can anyone tell me how they have come about both cost (closing and opening stock).


Also, for Dec 2006 - Task 1.2 (b) where did the closing finished stock (8,200)(balancing figure) come from, how did they work it out.

acky2106

June PCR paper: divide the cost of production by production volume and multiply thi by the o/s &c/c figures however, the AAT answers on site are stating incorrect figures!!

On the December '05 paper you have to work backwards. You know the gross limit is 60'000, take off the 1'800 wastage leaving you with 58200 planned or possible good production. The aim of the question is to maintain the given sales but amend the stock figures, so put i the 50'000 for your sales, we know there are no open finished goods so it only leaves the balancing figure between sales and planned production.

Hope that helps?

wandaf

Thanks acky2106

I have been trying to figure this out all the while. I had a feeling they did that but was unsure. I wanted someone to confirm this with me.

Thank you!

If you are like myself doing PCR tomorrow, all the best.:thumbup1:

acky2106

Likewise my friend. Goodluck.

acky2106

Wandaf, how did you find it?

Barbara Knight

I am so glad that you say that the answers are a bit wrong in the answer book as I have been trying to agree the opening luxury stock figure to the answers for ages this afternoon and failed miserably - feeling very thick I thought I would come on here for some inspiration - thanks!!x
Barbara:thumbup1: