PCR December '07

acky2106

Did anyone find the operating statement question in part two rather weird?
Not all of the data was set out and effectivelly it asked you to compare one marginal against one absorption which put it out of sync.

GoldenRetreiver

Yes I did, in the end I just did the same layout as the one on the exam paper - wrong I know now!

Debz

PCR Exam

I took it that you were to show it like a marginal cost statment per the question. Turnover/ variable costs/ contirbution/ fixed costs/ profit. There was no closing stock valuation so this complication was eliminated..

acky2106

I have to say i wasn't massively comfortfortable ith it, for example there was date re the energy cost telling you how much of the budgeted cost wasvariable llowing you to calculate the fixed cost but no information breaking down the actual energy cost or was i just damn confused!??

kylara

£18 per unit.....?

LouLou143

Yes but the £18 was a budgeted assumption meaning that you would again assume that this was correct on actual - surely actual figures are based on true costs and not assumptions?

acky2106

Thank you LouLou! That was exactly my point, i'm glad i was not the only person that stumbled on that one...

Cortez

acky2106 wrote: »

Thank you LouLou! That was exactly my point, i'm glad i was not the only person that stumbled on that one...

I think everyone must have stumbled on that one as it was a 50/50 guess as to which one you kept the same.

Hopefully the AAT will realise they did not give a breakdown of the actual cost and mark both as correct.

LouLou143

Thats ok acky - I actually argued that in the paper and said that if I had all the correct costs, I could have done a marginal costing statement, otherwise it would have been purely based on assumptions on that part, so a true cost could not be found!

patward1354

I used the fixed cost calculated for energy in the budget, which if I remember was £440,000 the worked the variable part out from that
Also I think I forgot to divide the material by 10,000 to get square metres....

they even put it on the paper, still forgot to do it tho:blushing:

kylara

patward1354 wrote: »

I used the fixed cost calculated for energy in the budget, which if I remember was £440,000 the worked the variable part out from that[/QUOTE}

I remember now. From the budgeted vc of £18 per unit we got the fixed cost....for the actual vc I deducted the budgeted FC from the total actual energy cost. :ohmy: Can't wait to see the questions and answers when they are published.

IDS

If you want to relive the depression of the exams I see the questions will be available next week, just in time to ruin Xmas...

LouLou143

Yeah Merry Christmas!

All I can say is prepare to write an email to examfeedback@aat.org.uk and cut and copy the questions in that were ambiguous as they will look at all the comments and decide on how to mark the paper!

StephParker

Hi I did sort of the same with square metres. I divided by 1,000 rather than 10,000. Glad to see it wasnt only me making that mistake. I felt so silly afterwards coz they had put the note in the exam paper. Anyway, best of luck. Merry xmas