8 pm..ECR..what I put

safrica

Hi everybody !!

This was a long-winded 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 under-absorption of £22,000


Break-even sales £500,000

MOS % , got 75%...

Process costing-so glad I spent last week doing again & again T-accounts !!- 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 ??

A-Vic

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 out

Cyfarthfa

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??

kerrybibby77

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.

kerrybibby77

ECR June

Yes I multiplied the units by 80p to get sales rev. I got 64 % though for MOS :{

coolboy

Hi
how did you know passing marks 75%

A-Vic

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????

AK002

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!

kerrybibby77

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.

chris_b

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 39.72

safrica

chris_b wrote: »

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 39.72

yep, got the same !

A-Vic

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 end

Vidya_r

safrica wrote: »

Hi everybody !!

This was a long-winded 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 under-absorption of £22,000


Break-even sales £500,000

MOS % , got 75%...

Process costing-so glad I spent last week doing again & again T-accounts !!- 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.

Kecak

Vidya_r wrote: »

ALMOST THE SAME but I got MOS as 42.86%

NPV in £000 as 39.72
Pay back as 2yr 2 months.

Sounds very similar to what I got.

bambilicious

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!

Vidya_r

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: