PEV Exam - what did you think?

^Joe
^Joe Registered Posts: 35 Regular contributor ⭐
in AAT Level 4 (Level 8 in Scotland)
I thought it was easier than the past exams, being only one F/O variance! :thumbup1:


A lot of writing required elsewhere though.

What did you think?
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Comments

  • andrewtdk
    andrewtdk Registered Posts: 150 Dedicated contributor 🦉
    yea didnt seem too hard, i thought there was quite a lot of questions and i thought 1 of them might have been wrong. best not say any more though dont know what time we can talk about them properly
  • Nicolaw1702
    Nicolaw1702 Registered Posts: 64 Regular contributor ⭐
    didnt like the last question in section 2!!!1:confused1:
  • ^Joe
    ^Joe Registered Posts: 35 Regular contributor ⭐
    Nicola, which one? The one where you compared the lifecycle costs against the savings?
  • definite.studies
    definite.studies Registered Posts: 88 Regular contributor ⭐
    Please remember we are not supposed to discuss any detail on this paper until after 3pm.
  • Nicolaw1702
    Nicolaw1702 Registered Posts: 64 Regular contributor ⭐
    Will tell you at 3:thumbup1:
  • ^Joe
    ^Joe Registered Posts: 35 Regular contributor ⭐
    Oh right... sorry :blushing:

    Noob :D
  • x-lauren-x
    x-lauren-x Registered Posts: 22 New contributor 🐸
    Thought the last question was hard....... remember doing that in intermediate?? Rest of it was ok though.... easier then i thought! Hopefully thats what the results say in Feb??
  • candy
    candy Registered Posts: 17 New contributor 🐸
    Pev

    :001_unsure: First section ws great, not too confident with last 2 questions section 2, will it be a possible fail for the whole paper?
  • Debs2809
    Debs2809 Registered Posts: 42 Regular contributor ⭐
    Couldn't get my variances to reconcile... Also wrote alot of dribble for the reports etc...
  • x-lauren-x
    x-lauren-x Registered Posts: 22 New contributor 🐸
    6 minutes and we can discuss yeah?
  • Nicolaw1702
    Nicolaw1702 Registered Posts: 64 Regular contributor ⭐
    I couldnt get my variances to reconcile! Wasnt very confident!

    And the last question on section 2 I didnt understand! Couldnt do that one
  • x-lauren-x
    x-lauren-x Registered Posts: 22 New contributor 🐸
    I was the same, but then for the last part of section 2 i just put down a load of workings and just hope that they can pull something usefull from it??? Fingers crossed x
  • Nicolaw1702
    Nicolaw1702 Registered Posts: 64 Regular contributor ⭐
    For the last question I did part B, where you had to calculate how much you would save on labour rate?

    Then just said after working out section B , I put I would invest as you would save so much just off the labour hours being reduced?
  • Polymer xx
    Polymer xx Registered Posts: 13 New contributor 🐸
    did anyone else discount their depreciation? I did, by think I made a massive mistake in doing so!!
  • x-lauren-x
    x-lauren-x Registered Posts: 22 New contributor 🐸
    Got 2 zero variances.... anyone else? Really put me off, never seen that before!
  • Debs2809
    Debs2809 Registered Posts: 42 Regular contributor ⭐
    depreciation for what?
  • x-lauren-x
    x-lauren-x Registered Posts: 22 New contributor 🐸
    I was thinking the same, didnt do anything with depreciation
  • Debs2809
    Debs2809 Registered Posts: 42 Regular contributor ⭐
    I had two zero variances material usage and labour rate if I can remember rightly!!
  • Polymer xx
    Polymer xx Registered Posts: 13 New contributor 🐸
    OK, must have made some silliy mistake then.

    Yeah - got two nil variances - most people did though so think its all good!!
  • CJE
    CJE Registered Posts: 9 New contributor 🐸
    Yes i got two zero variances!
  • x-lauren-x
    x-lauren-x Registered Posts: 22 New contributor 🐸
    Oh good, glad someone else has...... makes me feel better :)
  • ^Joe
    ^Joe Registered Posts: 35 Regular contributor ⭐
    x-lauren-x wrote: »
    Got 2 zero variances.... anyone else? Really put me off, never seen that before!

    Aye :)

    What reconciliations were there? Whoops, may have missed a question :mad2:
  • Nicolaw1702
    Nicolaw1702 Registered Posts: 64 Regular contributor ⭐
    I had the two same NIL variances also!!

    Put me off also , as never seen that before.

    But the question did say calculate the variances, IF ANY. so then I thought there must be at least one for them to put that.
  • x-lauren-x
    x-lauren-x Registered Posts: 22 New contributor 🐸
    My mistake is i never read the qu properly, so didnt see that..... oops never mind, seems i got it the same as most others so thats ok:)
  • Polymer xx
    Polymer xx Registered Posts: 13 New contributor 🐸
    anyone remember what they got for the lifecycle cost?
  • Debs2809
    Debs2809 Registered Posts: 42 Regular contributor ⭐
    still don't know why I couldn't get it to balance. Can anyone tell me the variance for fixed overhead efficiency variance the absorption rate confused me as it was either £30 or £32.50......
  • x-lauren-x
    x-lauren-x Registered Posts: 22 New contributor 🐸
    ^Joe wrote: »
    Aye :)

    What reconciliations were there? Whoops, may have missed a question :mad2:
    No reconcilliations, just the variances in section 1 part B
  • pink
    pink Registered Posts: 35 Regular contributor ⭐
    Hi Debs

    I got £30 I think?
  • Debs2809
    Debs2809 Registered Posts: 42 Regular contributor ⭐
    something in the region of £100000-£200000 can't remember the exact figure.
  • CJE
    CJE Registered Posts: 9 New contributor 🐸
    £30

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