whoop whoop PCR done
Comments
-
#If you sell to the department store, they will have the warehousing costs, not you! So, do not include warehouse costs cos there aren't any!
Also Wolfe with an E - I got a loss too, and I think if anyone got a profit, they missed something.
Hi Misterman,
I included it, it's a fixed cost and they still needed the warehouse for the other line, thats why i included it anyway. Anyone else??
I think they put it their to trip you up (I'm hoping lol)
Chris0 -
#
Hi Misterman,
I included it, it's a fixed cost and they still needed the warehouse for the other line, thats why i included it anyway. Anyone else??
I think they put it their to trip you up (I'm hoping lol)
Chris
i also included it as a fixed cost, as the info was only the changes in regards to the symon. my thinking is that you still need the warehouse element for the kyle. it also said about no marketing costs, so again i only removed from the symon.
Tracy0 -
yep...they may have one big warehouse for both lines and pay a yearly fee0
-
-
Glad its not just me then...!
Off to revise for PTC tomorrow yipppppeeeee
Good luck to all those doing PTC tomorrow.#
Hi Misterman,
I included it, it's a fixed cost and they still needed the warehouse for the other line, thats why i included it anyway. Anyone else??
I think they put it their to trip you up (I'm hoping lol)
Chris
I inclided it too for the other line. Kylies or summat. what were they called? its buggin me.0 -
thank you mister man . im still worried tho0
-
Karli0
-
#
Hi Misterman,
I included it, it's a fixed cost and they still needed the warehouse for the other line, thats why i included it anyway. Anyone else??
I think they put it their to trip you up (I'm hoping lol)
Chris
Yes misterman I agree with Chris.
Using your example if you sell to a department store you dont give them your warehouse as well therefore you stil have to pay for the Karli line0 -
Lol, Symon and Karla wasnt it?? I dunno!
Yeah i mentioned in the report that fixed costs with the warehouse wouldnt come down, but if they were going to do it permanantly they could think about getting a smnalled warehouse!0 -
ok wait.... for section 2 did they as for contribution per unit and the full contribution cos i never did contribution per unit ......... wtf ... ?0
-
misterman i got a loss in the bugeted p nl of 356,456 somrthing like that anyway0
-
Gentle Jesus wrote: »ok wait.... for section 2 did they as for contribution per unit and the full contribution cos i never did contribution per unit ......... wtf ... ?
per unit..
i'm sure.0 -
No i section 2 - I did not do it as a marginal cost statement.... I was so paniced by my mistake in section 1, I did not start section 2 til 12pm and nearly left in tears. Had a pee break, then chipped away at it. Guess as my lay out is wrong I have had it unles I did the other bits right. Decision out my hands now!!0
-
#
hi misterman,
i included it, it's a fixed cost and they still needed the warehouse for the other line, thats why i included it anyway. Anyone else??
I think they put it their to trip you up (i'm hoping lol)
chrislol, symon and karla wasnt it?? I dunno!
Yeah i mentioned in the report that fixed costs with the warehouse wouldnt come down, but if they were going to do it permanantly they could think about getting a smnalled warehouse!
me too!!!0 -
They asked for both, don't worry if you didnt put per unit, it would only be worth a couple of marks to divided the total by production numbers anyway mate!!!0
-
as said before on numerous previous topics, i think everyone should remain positive as sometimes if you have one answer wrong, but you carry on the workings - you will get marks for the workings, not the answers.
chin up all, i am sure we have all done well. i think it is because this is one of the last exams for us at this stage we are starting to actually see light at the end of the tunnel.
Tracy0 -
Answers i got were.... (Not saying their right!!)
20%
15%
£12
£9
£5
£4.50
£7
£6
£0.2
£0.2
£0.08
£0.06
£0.15
£0.15
87,400
0.04
281 040 - Original Plan Profit
1111250 - Revised Plan
579200 - Flexed Budget Budget
I doubt many people will have the same answwers, there were so many places to make a small mistake!!
These look identical to what I got!0 -
i got the profit figure being reduced if they dont distribute symons themselve by 36% but now i think its porobably wrong. i kept warehouse cost the same as they needed them for the other range.
what did everyone write in report for section 1? the second part of what they need to be aware of if they go back to distributing both ranges themselves or something like that?0 -
kjg and Taskeyi think i did, not 100% sure
i did
turnover
variable
semi variable
total of variables
contribution total
contribution per unit
fixed costs
operating profit
'fraid not. you should do:
turnover
less variable costs
=contribution
The semi variables must be split, so you get some of it above contirbution and some below
Marginal costing treats fixed costs as a period cost, so they must be below contribution0 -
cs 1988 ur answers are same as mine0
-
-
thanks taskey u was cheered me up a lil0
-
Gentle Jesus wrote: »ok wait.... for section 2 did they as for contribution per unit and the full contribution cos i never did contribution per unit ......... wtf ... ?
i did full contribution. it said flex the budget on the actual turnover in units but dont think it said show cont in units or am i contradicting myself here lol0 -
gingervicki us who got loss are in minority!!!!!!!!!!!!!!0
-
as said before on numerous previous topics, i think everyone should remain positive as sometimes if you have one answer wrong, but you carry on the workings - you will get marks for the workings, not the answers.
chin up all, i am sure we have all done well. i think it is because this is one of the last exams for us at this stage we are starting to actually see light at the end of the tunnel.
Tracy
good shout out hun i agree good luck all and if first you dont succeed try try again
:thumbup: 0 -
kjg and Taskey
'fraid not. you should do:
turnover
less variable costs
=contribution
The semi variables must be split, so you get some of it above contirbution and some below
Marginal costing treats fixed costs as a period cost, so they must be below contribution
Yeah I did:
turnover
less variable
less the variable part of semi variable
Contibution
less fixed part of semi variable
less fixed costs
Profit0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 328 NEW! Qualifications 2022
- 161 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 57 AAT Level 3 Diploma in Accounting
- 95 AAT Level 4 Diploma in Professional Accounting
- 8.9K For accounting professionals
- 23 coronavirus (Covid-19)
- 273 VAT
- 92 Software
- 275 Tax
- 138 Bookkeeping
- 7.2K General accounting discussion
- 203 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 584 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