PEV Exam - what did you think?

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Comments

  • ^Joe
    ^Joe Registered Posts: 35 ? ? ?
    I think I got £30 BOAR.

    What did people recommend for the last question? To invest or not?
  • ^Joe
    ^Joe Registered Posts: 35 ? ? ?
    Debs2809 wrote: »
    something in the region of £100000-£200000 can't remember the exact figure.

    I got over £370,000 i think, then savings a bit less...

    Cost £300,000 to buy, then £30,000 p.a to maintain all multiplied by the index? And £50,000 value./
  • Debs2809
    Debs2809 Registered Posts: 42 ? ? ?
    I recommended to invest.
  • pink
    pink Registered Posts: 35 ? ? ?
    ^Joe wrote: »
    I got over £370,000 i think, then savings a bit less...

    Cost £300,000 to buy, then £30,000 p.a to maintain all multiplied by the index?

    Oh no! I got well over £400k!!!
  • x-lauren-x
    x-lauren-x Registered Posts: 22 Dedicated contributor ? ? ?
    ^Joe wrote: »
    I think I got £30 BOAR.

    What did people recommend for the last question? To invest or not?
    I think, as the question was difficult, it doent really matter whether you say to invest or not, i think i depends on your answer.... If the answer is incorrect, i think you only loose marks for that part. If you then go on to say you would invest, even if the model answers are saying that you shouldnt, you are maked on the ability to answer the question using your own figures???? I think??? lol
  • Debs2809
    Debs2809 Registered Posts: 42 ? ? ?
    the amount was to be discounted each year was it not.
  • x-lauren-x
    x-lauren-x Registered Posts: 22 Dedicated contributor ? ? ?
    pink wrote: »
    Oh no! I got well over £400k!!!
    I think i got over 400K too?
  • pink
    pink Registered Posts: 35 ? ? ?
    Because I multiplyed the comissionig costs (or what ever it was) by 5 years
  • Chris023
    Chris023 Registered Posts: 93 ? ? ?
    I think I got around £350k for the last Q..but that included me discouting the purchase by year 5...which I think was a mistake.... my labour savings were 450k.. I said they should invest as overall there was a saving of about 95K
  • ^Joe
    ^Joe Registered Posts: 35 ? ? ?
    Nasty question, I'm sure we'll all get at least some marks, and even if not, you only need 50% of each section, and the first half of section 2 was easy... wasn't it?
  • Debs2809
    Debs2809 Registered Posts: 42 ? ? ?
    x-lauren-x wrote: »
    I think i got over 400K too?

    My apologies I've made a complete disaster of the lifecycle costing question. For some reason I've worked out how much the machine would be worth at the end of the 5 years, don't know what I was thinking....
  • Polymer xx
    Polymer xx Registered Posts: 13 Regular contributor ⭐ ? ⭐
    Thanks..Ive just realised that I've done that question completely wrong! - Oh well..they carry over answers don't they?

    I got labour savings of £70,000 a year. Is that right? and then I multiplied this by each year's discount factor.
  • pink
    pink Registered Posts: 35 ? ? ?
    It was 75% for each section in the June Exam.... as I appealed and they said I only got 60% but needed to get 75%
  • Nicolaw1702
    Nicolaw1702 Registered Posts: 64 ? ? ?
    I also got £30 because you work it out from the budget figures.
  • x-lauren-x
    x-lauren-x Registered Posts: 22 Dedicated contributor ? ? ?
    £7 per hour x 3hrs per solar panel x 5000 solar panels wasnt it???

    210 x 5000 = £105000

    For labour
  • Manda
    Manda Registered Posts: 7 Regular contributor ⭐ ? ⭐
    .
    I think the total cost of the new machine cost £370,000 on my answer and i worked out labour savings being £70,000 a year which would be a saving of £350,000 in total so I didnt invest as the machine cost didnt cover the savings
  • Debs2809
    Debs2809 Registered Posts: 42 ? ? ?
    I also got £30 because you work it out from the budget figures.

    Are you talking about the absorption rate?
  • ^Joe
    ^Joe Registered Posts: 35 ? ? ?
    pink wrote: »
    It was 75% for each section in the June Exam.... as I appealed and they said I only got 60% but needed to get 75%

    I got told by my lecturer guy that you need 50% of each section. - He could be wrong though.

    The way I saw the last part was:-

    Work out how much costs were in each year.

    1;- £300,000 + 30,000 X 0.9xxx
    2;- £30,000 X 0.9xxx
    etc etc

    Then add up the total discounted costs.

    Then for the next question,

    1;- 3hours saved @ 7ph x 5000 x 0.9xxx
    etc etc

    Then total the discounted savings?
  • Pigpen
    Pigpen Registered Posts: 331
    I thought the exam was ok but stumbled on the last question too - But as the £30k cost would logically increase each year I calculated each one individually by the discount Factor - So that would be well in excess of £30k per year by year 5. Added this to the cost of £300k + 5 x £30k plus discounting so approx £470k shall we say less the residual (which I didn't know whether to apply the factors too - less the labour savings - All calculated per year times the Discount factor - My result was the savings outweighed the exp so I said based on these two factors alone to invest - I have no idea if this is correct or not???

    Just ran it past my boss and he said that costs were estimated at 30k per year they would (under normal economic conditions) be expected to increase over time - So I am hopeful - Same with the labour saving - 3 hours labour saving this year would cost more next year due to pay rises

    Who knows?
  • ^Joe
    ^Joe Registered Posts: 35 ? ? ?
    Manda wrote: »
    .
    I think the total cost of the new machine cost £370,000 on my answer and i worked out labour savings being £70,000 a year which would be a saving of £350,000 in total so I didnt invest as the machine cost didnt cover the savings

    Mine was similar. I feel better now :d
  • x-lauren-x
    x-lauren-x Registered Posts: 22 Dedicated contributor ? ? ?
    what is the 0.9? missed something here?
  • Nicolaw1702
    Nicolaw1702 Registered Posts: 64 ? ? ?
    Yes Debs,

    £30 for the overhead abosrption rate!

    I also got the labour savings to be £105,000 a year on last question.
  • Corado
    Corado Registered Posts: 7 Regular contributor ⭐ ? ⭐
    That's what i got. Good news
  • ^Joe
    ^Joe Registered Posts: 35 ? ? ?
    x-lauren-x wrote: »
    what is the 0.9? missed something here?

    The discount factor. not sur eon exact figurees though.

    There was a table

    year factor
    0 1
    1 0.987
    2 0.907
    3 0.854

    etc (just examples)
  • x-lauren-x
    x-lauren-x Registered Posts: 22 Dedicated contributor ? ? ?
    oh ok, cheers, yeah i got that!
  • Pigpen
    Pigpen Registered Posts: 331
    This was the discounted factors for years 1 to 5 - there were 5 of them - well 6 if you include the factor of 1
  • ^Joe
    ^Joe Registered Posts: 35 ? ? ?
    Pigpen wrote: »
    This was the discounted factors for years 1 to 5 - there were 5 of them - well 6 if you include the factor of 1

    editted for accuracy :p
  • x-lauren-x
    x-lauren-x Registered Posts: 22 Dedicated contributor ? ? ?
    yep, i discounted each year seperately..... rather then the whole lot! Seems everyone is confussed by this question
  • Pigpen
    Pigpen Registered Posts: 331
    did anyone inflate their labour savings year on year - As surely this would be the same principle as the yearly costs rising - We would expect labour rates to rise - So 3 hours per unit saving this year would save us more next year?

    If not - I am defo gonna fail this question?
  • x-lauren-x
    x-lauren-x Registered Posts: 22 Dedicated contributor ? ? ?
    Pigpen wrote: »
    did anyone inflate their labour savings year on year - As surely this would be the same principle as the yearly costs rising - We would expect labour rates to rise - So 3 hours per unit saving this year would save us more next year?

    If not - I am defo gonna fail this question?
    i did
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