MAC feedback
Comments
-
Fiorellino wrote: »What did you do about the change in stock?
Took it off the net assets when calculating RONA calculation (so 16950/13000 = 130.38%) Didn't do anything else with it.0 -
fox dont forget 2 do a feed back questionare about MAC 33 make sure 2 bombard task 2.2 as the worst task0
-
I got bit stuck on The contribution question i had contribution of £^ for XP and £9.50 for ZM? Did anyone else get anything similar also what was peoples target cost? and discount cost? :confused1:0
-
phew I did the same. I had the same turnover 52500 so must have calculated how much my labour/materials would be wrongly as my GP was 22000 and NP 18100, however they have to carry forward the incorrect figure and mark it rightLondonMatt wrote: »Took it off the net assets when calculating RONA calculation (so 16950/13000 = 130.38%) Didn't do anything else with it.
I'm beginnging to think I may have a chance of passing this paper hurrah!0 -
any discussion on task 1.1 and 1.20
-
Know I got the limiting factor question wrong!
I forgot how to calculate the contribution per limiting factor! So I said to make all of the second item, ZM or something!0 -
I got the same. Not sure I worked out the contribution by limiting factor right tho - I got £0.36 and £0.95... I made 20000 of the expensive and 33333 of the cheap ones?I got bit stuck on The contribution question i had contribution of £^ for XP and £9.50 for ZM? Did anyone else get anything similar also what was peoples target cost? and discount cost? :confused1:0 -
how did u do the contribution ??0
-
I wasnt sure about the limiting factor i got 33,333 unts of XP and 20,000 Units of ZM aswell thou. What did people get for 1.4 - Target Costing?0
-
I got bit stuck on The contribution question i had contribution of £^ for XP and £9.50 for ZM? Did anyone else get anything similar also what was peoples target cost? and discount cost? :confused1:
This was a horrible question together with the contribution for the limiting factors per each unit. What I did was SP-Fixed Cost= contribution; althought I know that should have been SP-Variable costs = contribution, but I could not find a way to calculate the Vaviable costs. Anyone with same ideas?0 -
damn some thing fishy in task 1.2 as well damn i am getting worried now0
-
I got 20% as the discount needed, said no to the offer of 15% and got £40 for the material cost I think?0
-
-
1.4 Target costing I had a target cost of £40 kg. So shouldn't take the discount and need 20% discount.
Anyone else get anything similar?0 -
1.4 a target cost = c = s ( 1+ r )
25 ( 1+0.4)
25(1.04)
260 -
b took 15% of 50
and then commented on the difference and told roughly 25% more discount needed0 -
-
-
I have got a feeling that I will not pass this time. I have got wrong the target costing, the p& L and index did not even do it. In addition to that I sure that there will be more mistake somewhere too. ohohoh noo!!! :001_unsure:0
-
My indexed cost for December was £108.... and I put % index rise as being 35%....though I think 35% is wrong??0
-
You might be ok im hoping that we get most of the marks from the budget variance and ratios thats the only parts i am confident in the rest i have got bits right here and there so you might be ok:thumbup:0
-
I got the same feeling i wont make it .. but again it depends how the marking is ?? really need 2 know wat sandy hood think of dis paper0
-
I got 108 and 35% alsoLondonMatt wrote: »My indexed cost for December was £108.... and I put % index rise as being 35%....though I think 35% is wrong??
my indexes were 112.5 and 125 although not confident on those!0 -
well i am trying 2 make 70 % in each section in my mind but finding it hard0
-
You might be ok im hoping that we get most of the marks from the budget variance and ratios thats the only parts i am confident in the rest i have got bits right here and there so you might be ok:thumbup:
Yes I feel strong in section 2 actually, althought the P&L is wrong forsure. Oh Well we will see. Fingers crossed!0 -
I got 108 and 35% also
my indexes were 112.5 and 125 although not confident on those!
Yeah, I got those as well :thumbup:
I wasn't sure about the 35% because it seemed too easy.....base date is January 08, Index for December 09 is 135, whats the % change? Well, 35% seemed too obvious....but I wrote it anyway :001_smile:0 -
Just checking, but did everyone else only pay out for labour hours worked? And not for all labour hours that were available?0
-
Yes, labour cost was completely variable.0
-
Fiorellino wrote: »Yes I feel strong in section 2 actually, althought the P&L is wrong forsure. Oh Well we will see. Fingers crossed!
same here0 -
Sales 105000
Revenue £52500
GP of 19850
NP was high, 16950 or so?
Think they meant 5000 a year, but the question definately stated 5000 a month. Did a quick calculation and 5000 a year gave much more sensible figures.
Target Cost £40, discount required 20%
Limiting Factor got 40000/16000 production (originally got 33333/20000 like some here, but then redid it using the limiting factor, rather than labour hours - oops!). Contribution per kg of material was £100 and £95 respectively.0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 322 NEW! Qualifications 2022
- 159 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 56 AAT Level 3 Diploma in Accounting
- 93 AAT Level 4 Diploma in Professional Accounting
- 8.8K For accounting professionals
- 23 coronavirus (Covid-19)
- 273 VAT
- 92 Software
- 274 Tax
- 138 Bookkeeping
- 7.2K General accounting discussion
- 201 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 582 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership