8 pm..ECR..what I put
safrica
Registered Posts: 106 Dedicated contributor 🦉
Hi everybody !!
This was a longwinded exam :001_rolleyes:, lots of calculation but not many explanations of terms, which i don't mind.......:001_tt2:
This is what I got, can’t remember all of it…:
Stock, FIFO, stock balance end figure £4,864 or something similar….
Labour costs £4,130, giving a cost per can of £2.065 pence
My OAR for ingredients mixing was £62.95, giving an underabsorption of £22,000
Breakeven sales £500,000
MOS % , got 75%...
Process costingso glad I spent last week doing again & again Taccounts !! got £190 for normal cost of production, had a normal loss of 12 tonnes valued at £240 (12 x £20) and abnormal loss of 28 tonnes valued at 28 x £190 = £5,320. Input costs were £73,960.
Project accepted because NPV positive, can’t remember the figure though…
Payback I got 2 years and 1 month…
rest i don't remember now...
What about you all ??
This was a longwinded exam :001_rolleyes:, lots of calculation but not many explanations of terms, which i don't mind.......:001_tt2:
This is what I got, can’t remember all of it…:
Stock, FIFO, stock balance end figure £4,864 or something similar….
Labour costs £4,130, giving a cost per can of £2.065 pence
My OAR for ingredients mixing was £62.95, giving an underabsorption of £22,000
Breakeven sales £500,000
MOS % , got 75%...
Process costingso glad I spent last week doing again & again Taccounts !! got £190 for normal cost of production, had a normal loss of 12 tonnes valued at £240 (12 x £20) and abnormal loss of 28 tonnes valued at 28 x £190 = £5,320. Input costs were £73,960.
Project accepted because NPV positive, can’t remember the figure though…
Payback I got 2 years and 1 month…
rest i don't remember now...
What about you all ??
0
Comments

i got 2 years 1 month also
I also got the same for abnormal loss and loss
i forgot to add the 50 at the end so my figures will be out0 
I'm sure I didn't get that figure for breakeven sales, did you work out how many units were needed to breakeven and then multiply by 80p??0

ECR Jone
My answer sould the same thankfully. I messed up on the process costing question though. See what some else has put has put my mind at ease.0 
ECR June
Yes I multiplied the units by 80p to get sales rev. I got 64 % though for MOS :{0 
Hi
how did you know passing marks 75%0 
The final pass mark wont be determined until the papers are marked i was told to aim for 70%
I think section 2 will kill me (is it me or did there seem to be a lot less questions to section 2 compaired to 1????0 
kerrybibby77 wrote: »Yes I multiplied the units by 80p to get sales rev. I got 64 % though for MOS :{
I got 51.14%  probably wrong!0 
ECR June
Can anyone remember what NPV they got?
I think I got 5.97 which would have been £5,970. It was a positive figure anyway.0 
kerrybibby77 wrote: »Can anyone remember what NPV they got?
I think I got 5.97 which would have been £5,970. It was a positive figure anyway.
i got 5.97 at first but i forgot to add on the 50,000 gained from the disposal which after i worked that out gave me a NPV of 39.720 
kerrybibby77 wrote: »Can anyone remember what NPV they got?
I think I got 5.97 which would have been £5,970. It was a positive figure anyway.
thats the answer i got but i forgot to add the 50 at the end0 
Hi everybody !!
This was a longwinded exam :001_rolleyes:, lots of calculation but not many explanations of terms, which i don't mind.......:001_tt2:
This is what I got, can’t remember all of it…:
Stock, FIFO, stock balance end figure £4,864 or something similar….
Labour costs £4,130, giving a cost per can of £2.065 pence
My OAR for ingredients mixing was £62.95, giving an underabsorption of £22,000
Breakeven sales £500,000
MOS % , got 75%...
Process costingso glad I spent last week doing again & again Taccounts !! got £190 for normal cost of production, had a normal loss of 12 tonnes valued at £240 (12 x £20) and abnormal loss of 28 tonnes valued at 28 x £190 = £5,320. Input costs were £73,960.
Project accepted because NPV positive, can’t remember the figure though…
Payback I got 2 years and 1 month…
rest i don't remember now...
What about you all ??
ALMOST THE SAME but I got MOS as 42.86%
NPV in £000 as 39.72
Pay back as 2yr 2 months.0 
I got very similar answers  I also got £42.86%. And if my calculations were correct then the BEP was £500k and MOS was £375k....but please correct me if i am wrong!0

bambilicious wrote: »I got very similar answers  I also got £42.86%. And if my calculations were correct then the BEP was £500k and MOS was £375k....but please correct me if i am wrong!
YUP thts right...thts precisely wht I got....:001_smile:0
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