ecr june 2009 exam

chris_bchris_b New MemberPosts: 11Registered
how hard was that exam?Much harder than any of the mock tests that iv done?

did anyone get these anwsers?

-final stock balance using FIFO 4864 pounds

-Under absorbed by 22,000

-Profit from cans sales 500,000 pounds

-process costing (all i can remember) cost per tonne 190.62

-Breakeven point 625,000

-NPV 39.72

-Payback (looks like iv definately got this wrong) 2 years and 11 months?

thats all i can remember for now

Comments

  • Jodi-90Jodi-90 New Member Posts: 6Registered
    ecr june 2009 exam

    how hard was that exam?Much harder than any of the mock tests that iv done?

    did anyone get these anwsers?

    -final stock balance using FIFO 4864 pounds

    -Under absorbed by 22,000

    -Profit from cans sales 500,000 pounds

    -process costing (all i can remember) cost per tonne 190.62

    -Breakeven point 625,000

    -NPV 39.72

    -Payback (looks like iv definately got this wrong) 2 years and 11 months?

    thats all i can remember for now


    _________________________________________________________________

    Hi Chris
    I cant remeber my final stock balance, but i did definately put FIFO as the stock control method.
    I also got an underabsorption, cant remember how much that was either though!
    I got the same profit as you for the cans :thumbup:
    Yep, Process costing, i put £190 per tonne, as they wanted it to the nearest £ :thumbup1:
    I think i also got the same break even point :001_smile:
    NPV i got 42.something percent :001_unsure:
    & payback i got 2 years and 1.5 months :)

    Hope this helped,
    Was really usefull seeing what you had put also.
    Jodie :lol:
  • rosarosa Just Joined Posts: 4Registered
    hi
    i cant remember the exam fully
    but i did wrong in fist question i choose wrong method

    break even point was correct


    margine of safety really i don't find the result i but only the equation

    paypack period 2.9
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