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PEV Exam - what did you think?

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Comments

  • ^Joe^Joe Feels At Home Registered Posts: 35
    x-lauren-x wrote: »
    yep, i discounted each year seperately..... rather then the whole lot! Seems everyone is confussed by this question

    Surely we were supposed to discount each year, else it wouldn't have given us all the years? :)

    I remember a similar question on a past paper, or assignment :confused1:
  • MandaManda New Member Registered Posts: 7
    didnt discount the savings...oops were you supposed too? Bit cross with this question as it is not even covered in my Text book for PEV grrrrrr. Not too much to go on really. I mutiplied the discount factor with each years cost. Is that correct becuase the value was less so was bit confused as was wondering if it was supposed to be higher.

    Also the question about adverse and favourable affecting P&L...what did you put? Were you supposed to mention absorption or marginal...i didnt and wondered after if I should have?
  • pinkpink Feels At Home Registered Posts: 35
    Think I got roughly £108k for my labour savings but cant actually remember much already?!

    What about task 2.2 with the 1000 bad units????
  • ^Joe^Joe Feels At Home Registered Posts: 35
    Manda wrote: »
    Also the question about adverse and favourable affecting P&L...what did you put? Were you supposed to mention absorption or marginal...i didnt and wondered after if I should have?

    Caught me too that one, I thought you commented on how the actual P&L would differ to the budgeted? Ie, adverse variances on price would decrease the Profit / loss.
  • ^Joe^Joe Feels At Home Registered Posts: 35
    pink wrote: »
    Think I got roughly £108k for my labour savings but cant actually remember much already?!

    What about task 2.2 with the 1000 bad units????

    iirc, 9000 produced would incur failures.

    therefore 9000 only represented 90% of production.

    Production = 9000 / 90 x 100 = 10,000

    Failures therefore 1,000
  • x-lauren-xx-lauren-x Settling In Nicely Registered Posts: 22
    i remember something like, you would need to make 10.000 to cover the 10 percent loss
  • PigpenPigpen Trusted Regular Registered Posts: 331
    Yeah - I got 1000 bad units - You need to make 10,000 to make 9000 good units - 10000 x 10% = 1000 bad = 9000 Good - The other calculations were relatively simple after that - I hope !
  • MandaManda New Member Registered Posts: 7
    ^Joe wrote: »
    Caught me too that one, I thought you commented on how the actual P&L would differ to the budgeted? Ie, adverse variances on price would decrease the Profit / loss.

    GOOD- thats exactly what I put...
  • NicoleKorwinNicoleKorwin New Member Registered Posts: 9
    Its nice to know that it wasnt just me who stuggled on this exam, its a bit of a blur but from what you are all saying I think i have done the same, so hopefully we cant all be wrong :001_unsure:

    I think the questions were easyer than in the June exam, but i did struggle on the last section. Bit dont you think there was alot of writing in this exam? My hand was hurting! lol

    Hope you all did well.....:thumbup:
  • ^Joe^Joe Feels At Home Registered Posts: 35
    Manda wrote: »
    GOOD- thats exactly what I put...

    Doesn't mean it's right :lol:

    I did my best, hopefully it's good enough. Try not to worry all, time for beers.

    Best of luck :thumbup::thumbup:
  • PigpenPigpen Trusted Regular Registered Posts: 331
    There was alot of writing and most of mine is waffle!
  • x-lauren-xx-lauren-x Settling In Nicely Registered Posts: 22
    ^Joe wrote: »
    Doesn't mean it's right :lol:

    I did my best, hopefully it's good enough. Try not to worry all, time for beers.

    Best of luck :thumbup::thumbup:
    Going for a well deserved vino now..... then another day of studying tomoz for DFS on Wednesday! Good luck all x
  • NicoleKorwinNicoleKorwin New Member Registered Posts: 9
    Yer me too, i hope the examiner can muster up something from my waffling on, i know sometimes they say less is more, but i had to cover every angle lol!
  • MandaManda New Member Registered Posts: 7
    PCR now Aaaaargh!!!!
  • NicoleKorwinNicoleKorwin New Member Registered Posts: 9
    x-lauren-x wrote: »
    Going for a well deserved vino now..... then another day of studying tomoz for DFS on Wednesday! Good luck all x

    Here here!! Dito on the DFS, iv started working already...but i need it!
  • PigpenPigpen Trusted Regular Registered Posts: 331
    Manda wrote: »
    PCR now Aaaaargh!!!!

    Mee too Manda - Bummer - Thursday afternnoon I will be free again ! yeah!
  • pinkpink Feels At Home Registered Posts: 35
    ^Joe wrote: »
    Caught me too that one, I thought you commented on how the actual P&L would differ to the budgeted? Ie, adverse variances on price would decrease the Profit / loss.

    I rambled on something about, if the result is negative then its an overspend, or could have underbudgted, and variences are useful when it comes to budgets at the end of the year, managers can see what they have over/under spent on during the year
  • CoradoCorado New Member Registered Posts: 7
    andrewtdk wrote: »
    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

    I thought one of the questions was wrong also.
    Y=a+bX
    When you worked this through to check the rate for November it came to £11.90 not £12.00 as it stated. So I adjusted it accordingly. Hope it was right.
  • GreenTeaGreenTea New Member Registered Posts: 13
    I also noticed that the equation didn't add up to £12.00 but I decided to leave it as it was, only because I thought their would have been + 10p in the equation. Also struggled on the last part of Section 2 I had no idea what to put so really annoyed as otherwise thought it wasn't a bad paper !!!!
  • PigpenPigpen Trusted Regular Registered Posts: 331
    Corado wrote: »
    I thought one of the questions was wrong also.
    Y=a+bX
    When you worked this through to check the rate for November it came to £11.90 not £12.00 as it stated. So I adjusted it accordingly. Hope it was right.

    I agree this didn't calculate - November worked out to £11.90 not £12 - Dec was £12 and I got £12.10 & £12.20 for Jan & Feb - Just hope its right?
  • MandaManda New Member Registered Posts: 7
    Corado wrote: »
    I thought one of the questions was wrong also.
    Y=a+bX
    When you worked this through to check the rate for November it came to £11.90 not £12.00 as it stated. So I adjusted it accordingly. Hope it was right.


    yeah i noticed that . I put it down as error on paper but did think it was strange. Also i section 2 it wasked you to recalulate net assets and I think it should have said recaulate return on net assets....anyone else agree?
  • CoradoCorado New Member Registered Posts: 7
    I think everyone struggled with section 2.
  • CoradoCorado New Member Registered Posts: 7
    Recalculating net assets seemed to easy. You would think they would proof read this several times
  • LizyLizy Settling In Nicely Registered Posts: 24
    There was no question on reconciliation, we were ask to explained Total cost.

    Or is it me that omit a question.

    My section 2 was very rough, mudle up my answer not too sure of the last 2questions.
  • CoradoCorado New Member Registered Posts: 7
    Dont worry there wasnt one on reconcilation. Although I pefer it when there is because at least you check your answer
  • moggymoggy New Member Registered Posts: 5
    Pev today

    Thought PEV sooo easy peasy today!! Except for section 2 last question. Must have felt sorry for us after Junes disastrous exam! What does everyone else think?
  • PigpenPigpen Trusted Regular Registered Posts: 331
    Corado wrote: »
    Dont worry there wasnt one on reconcilation. Although I pefer it when there is because at least you check your answer

    I went back to this section at the end and did my own recociliation - which luckily matched - Then rubbed it all out again but it made me happier to do so. Last question was the killer question ! Can't wait for Sandy Hoods answers
  • Polymer xxPolymer xx New Member Registered Posts: 13
    Do you reckon Sandy will do the answers?
  • LizyLizy Settling In Nicely Registered Posts: 24
    Pev

    The eqaution is Jan £12.10 and Feb is £12.20.
  • pinkpink Feels At Home Registered Posts: 35
    What did people get for their net asset in 2.2?
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