PEV Exam - what did you think?
Comments
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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 :confused1:0 -
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?0 -
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????0 -
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.0 -
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 1,0000 -
i remember something like, you would need to make 10.000 to cover the 10 percent loss0
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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 !0
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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:0 -
There was alot of writing and most of mine is waffle!0
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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!0
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PCR now Aaaaargh!!!!0
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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!0 -
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 year0 -
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.0 -
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 !!!!0
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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?0 -
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?0 -
I think everyone struggled with section 2.0
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Recalculating net assets seemed to easy. You would think they would proof read this several times0
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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.0 -
Dont worry there wasnt one on reconcilation. Although I pefer it when there is because at least you check your answer0
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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?0 -
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 answers0 -
Do you reckon Sandy will do the answers?0
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Pev
The eqaution is Jan £12.10 and Feb is £12.20.0 -
What did people get for their net asset in 2.2?0
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