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  • Kyle
    Kyle Registered Posts: 45 Regular contributor ⭐
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    Further on the limiting factors question:

    First product gave £6 contribution and used 0.06 kg. 6/0.06 = £100.
    Second product gave £9.50 contribution and used 0.1 kg. 9.50/0.1 = £95.
  • umerali2003
    umerali2003 Registered Posts: 400 Dedicated contributor 🦉
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    Kyle wrote: »
    Further on the limiting factors question:

    First product gave £6 contribution and used 0.06 kg. 6/0.06 = £100.
    Second product gave £9.50 contribution and used 0.1 kg. 9.50/0.1 = £95.

    figures are quite simmillar 2 mine
  • LondonMatt
    LondonMatt Registered Posts: 1,110 Beyond epic contributor 🧙‍♂️
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    Kyle wrote: »
    Further on the limiting factors question:

    First product gave £6 contribution and used 0.06 kg. 6/0.06 = £100.
    Second product gave £9.50 contribution and used 0.1 kg. 9.50/0.1 = £95.

    Exactly waht I got....starting to feel confident about me passing now :thumbup:
  • Londina
    Londina Registered Posts: 814 Epic contributor 🐘
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    LondonMatt wrote: »
    Exactly waht I got....starting to feel confident about me passing now :thumbup:

    you are LondonMatt!!! lucky you!!! I got almost everything wrong instead...maybe only index is correct!:bored:
  • umerali2003
    umerali2003 Registered Posts: 400 Dedicated contributor 🦉
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    thise two tasks in section 1 task 1.3 and 1.4 got 10 mintues each... hope so they have small marks as well
  • Londina
    Londina Registered Posts: 814 Epic contributor 🐘
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    umerali2003 wrote: »
    thise two tasks in section 1.2 got 10 mintues each... hope so they have small marks as well

    10minutes for those...how can they expect students under pressure to do it in that short amount of time....:glare:
  • Kyle
    Kyle Registered Posts: 45 Regular contributor ⭐
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    Then.. I hope you guys who got the same figures pass with flying colours :tongue_smilie:

    More figures I remember:

    Task 1.1
    Production 38000/16000
    Labour Cost 57000/48000
  • umerali2003
    umerali2003 Registered Posts: 400 Dedicated contributor 🦉
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    production looks same cant remember labour ones
  • umerali2003
    umerali2003 Registered Posts: 400 Dedicated contributor 🦉
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    Over all how u people rate the paper ? easy . hard . medium . v .hard
  • Kyle
    Kyle Registered Posts: 45 Regular contributor ⭐
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    umerali2003 wrote: »
    Over all how u people rate the paper ? easy . hard . medium . v .hard

    Most of our class seemed to finish quite early. I spent the last 80 minutes checking, and dotting the i's and crossing the t's. So I don't think it was too hard.

    Bit question heavy, but one only report/memo and no explain-the-term questions. So I was quite happy with it.
  • umerali2003
    umerali2003 Registered Posts: 400 Dedicated contributor 🦉
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    section 2 looks fine apart from 2.2 a

    section 1 perphical questions can really knock me out !!!!!!!!!
  • LondonMatt
    LondonMatt Registered Posts: 1,110 Beyond epic contributor 🧙‍♂️
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    Kyle wrote: »
    Then.. I hope you guys who got the same figures pass with flying colours :tongue_smilie:

    More figures I remember:

    Task 1.1
    Production 38000/16000
    Labour Cost 57000/48000
    Yep, I got those aswell.....

    I also got 3,865,800 for the standard cost of actual productiom, which I'm fairly sure is correct as my variances balanced
  • LondonMatt
    LondonMatt Registered Posts: 1,110 Beyond epic contributor 🧙‍♂️
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    LondonMatt wrote: »
    And for the material costs in section 1, I got £182,400 and £128,000 (I think)

    ANyone else agreeing with these?
  • umerali2003
    umerali2003 Registered Posts: 400 Dedicated contributor 🦉
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    agreed i got da same
  • Kyle
    Kyle Registered Posts: 45 Regular contributor ⭐
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    Standard Cost £3865800
    Labour Rate Variance £1000F
    Labour Efficiency Variance £200A
    Material Price Variance £50500F
    Material Usage Variance £25000F
    Fixed O/H Exp Variance £100000A
    Fixed O/H Volume Variance 25000F
    Overall variance 1300F
    Actual Cost £3864500

    Is what I believe I made it. Was very happy with those figures, too.
  • umerali2003
    umerali2003 Registered Posts: 400 Dedicated contributor 🦉
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    but i put a total coloumn beside them as well and keep totalling them up as well
  • Kyle
    Kyle Registered Posts: 45 Regular contributor ⭐
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    LondonMatt wrote: »
    ANyone else agreeing with these?

    Agreed. I also put a total column on almost every question (previous exam papers where they did product A vs product B showed a total column in the answers).
  • umerali2003
    umerali2003 Registered Posts: 400 Dedicated contributor 🦉
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    i am quite confident on on my task 1.1 and up to some extend task 1.2 but the index number and target costing seems to be a bitt of worry do u think i will still fail in sectin 1
  • Kyle
    Kyle Registered Posts: 45 Regular contributor ⭐
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    Indexing I made:

    First month 90/80*100 = 112.5
    Second month 100/80*100 = 125

    December figure 80/100*135 = £108

    Increase 135-100/100 = 35%
  • LondonMatt
    LondonMatt Registered Posts: 1,110 Beyond epic contributor 🧙‍♂️
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    Kyle wrote: »
    Indexing I made:

    First month 90/80*100 = 112.5
    Second month 100/80*100 = 125

    December figure 80/100*135 = £108

    Increase 135-100/100 = 35%

    I did my calculations differently, but got the same answers
  • Kyle
    Kyle Registered Posts: 45 Regular contributor ⭐
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    This, I think, is my Production/Materials/Labour for 1.1

    Closing Stock___________7000______3000
    Sales__________________35000_____15000
    Opening Stock__________-4000_____-2000
    Production_____________38000_____16000

    Production_____________38000_____16000
    Material per unit______0.057______0.09
    Good Material Required__2166______1440
    Wastage Rate______________5%_______10%
    Wastage__________________114_______160
    Material Required_______2280______1600
    Cost per KG_______________80________80
    Total Cost____________182400____128000

    Production_____________38000_____16000
    Units per labour hour_____10_________5
    Labour hours required___3800______3200
    Labour Rate_______________15________15
    Labour Cost____________57000_____48000

    Can't remember the rest of the question though!
  • Fiorellino
    Fiorellino Registered Posts: 82 Regular contributor ⭐
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    Kyle wrote: »
    This, I think, is my Production/Materials/Labour for 1.1

    Closing Stock___________7000______3000
    Sales__________________35000_____15000
    Opening Stock__________-4000_____-2000
    Production_____________38000_____16000

    Production_____________38000_____16000
    Material per unit______0.057______0.09
    Good Material Required__2166______1440
    Wastage Rate______________5%_______10%
    Wastage__________________114_______160
    Material Required_______2280______1600
    Cost per KG_______________80________80
    Total Cost____________182400____128000

    Production_____________38000_____16000
    Units per labour hour_____10_________5
    Labour hours required___3800______3200
    Labour Rate_______________15________15
    Labour Cost____________57000_____48000

    Can't remember the rest of the question though!

    Sounds good to me!!!!:thumbup:
  • Kyle
    Kyle Registered Posts: 45 Regular contributor ⭐
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    It all comes flooding back!! I think this my answer for the rest of 1.1 (not sure of order, or if I've missed anything!).

    Production Overheads__140000
    Labour Hours____________7000
    Absorption per hour______£20

    Production_____________38000_____16000
    Labour Hours Required___3800______3200
    Overheads Absorbed_____76000_____64000
    Absorbtion per unit________2_________4

    Material Cost_________182400____128000
    Production_____________38000_____16000
    Material Cost per unit__4.80______8.00

    Labour Cost____________57000_____48000
    Production_____________38000_____16000
    Labour Cost per unit____1.50______3.00
  • umerali2003
    umerali2003 Registered Posts: 400 Dedicated contributor 🦉
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    oh yes i got the same the only difference is that i did in total and u lots did in the form of 3800 and 3200 it sums up to 7000 which was my answer yahooooo my task 1.1 was spot on then .
  • Kyle
    Kyle Registered Posts: 45 Regular contributor ⭐
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    I totalled them up too, just to be safe. Didn't bother on here, cause formatting is real pain!

    Hopefully!!! No guarantees my answers are right though :001_unsure:
  • umerali2003
    umerali2003 Registered Posts: 400 Dedicated contributor 🦉
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    but matching your answer gives u a bit of setisfection
  • umerali2003
    umerali2003 Registered Posts: 400 Dedicated contributor 🦉
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    on section 1 my only worry is those 2 ten mintues questions ... and in section 2 task 2.2 b parts the redraft of profit and loss
    Do u think i can still get through ???
  • Kyle
    Kyle Registered Posts: 45 Regular contributor ⭐
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    I think I have managed to recall 95% of my Section 1 answers, if anyone wants to compare figures other than what I've already posted.

    You don't need every question! And you only get marked wrong once for a mistake, so it doesn't matter if you carried it through. So I've got my fingers crossed for the both of us :thumbup:
  • fayer
    fayer Registered Posts: 2 New contributor 🐸
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    Hi, I thought this paper was too long for the time given. I did my whole paper in pencil and was going to write over it in in pen afterwards but didnt have time, im really worried they wont mark my paper :crying: !!
  • fayer
    fayer Registered Posts: 2 New contributor 🐸
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    fayer wrote: »
    Hi, I thought this paper was too long for the time given. I did my whole paper in pencil and was going to write over it in in pen afterwards but didnt have time, im really worried they wont mark my paper :crying: !!

    Does anybody know if this will be an instant fail? help please?!

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