Pev 09 - ??

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  • exam panic
    exam panic Registered Posts: 157 Dedicated contributor 🦉
    right figure

    800a
    3000f
    1500a
    600f
    100a
    550 f I this is right number
  • kazseera
    kazseera Registered Posts: 87 Regular contributor ⭐
    errm do u think aat wil give marks for the formulas even if you had some of the numbers wrong?
  • donnaalwill
    donnaalwill Registered Posts: 116 Dedicated contributor 🦉
    tburchell11 wrote: »
    I put that the target cost would be taken by using the market rate of coffee machines and derive the desired cost from that after profit.

    And for the value i put what kind of features they would need to include with the profit to match quality that customers are expecting. I.e Is it essential to include a part on the machine that would enable it to froth milk....saying that after repeating myself that sounds pretty lame answer!!
    I could put answers for the target costing, and an explanation of value but I just couldn't think how it would affect it. I don't think thats lame! Any reasonable answer would be considered I think!
  • AATmunkee
    AATmunkee Registered Posts: 123 Dedicated contributor 🦉
    I had 575 to take off my standard cost of materials and made it balance with the actual.. 12,800 + 8400 + somethin else!!(foil)
  • beansprout64
    beansprout64 Registered Posts: 29 Regular contributor ⭐
    exam panic wrote: »
    800a
    3000f
    1500a
    600f
    100a
    550 f I this is right number

    did you use the numbers you calculated in task 1.1 to do this?
  • tburchell11
    tburchell11 Registered Posts: 25 Regular contributor ⭐
    The index numbers were worked out by:

    Looking at the figures for Sep Oct Nov. Then adding or subtracting the seasonal variation to find out that the trend went up by £100 each month. so it was something like 1,500, 1,600 & 1,700.

    Dec Jan Feb, you carry on the trend = so 1,800 1,900 2,000 respectively

    Then add or subtract the seasonal variation given
  • Harriet1411
    Harriet1411 Registered Posts: 8 New contributor 🐸
    Help how did anyone work out index numbers?

    And do u think that would be a fail if that wasn't answered?
  • donnaalwill
    donnaalwill Registered Posts: 116 Dedicated contributor 🦉
    donnaalwill wrote: »
    I could put answers for the target costing, and an explanation of value but I just couldn't think how it would affect it. I don't think thats lame! Any reasonable answer would be considered I think!
    How did you work out the return on capital invested? I 'think' I just divided operating profit by the capital figure or whatever was at the bottom of the page as thats the only figure I could see?
  • kazseera
    kazseera Registered Posts: 87 Regular contributor ⭐
    oh also gosh i didt understand the quesion aboutthe manufacturing of the koffio machine after working out the 1040 000 capsules and then the capsules plus the 40 000 machine thing

    dont think this quetion was asked well
  • exam panic
    exam panic Registered Posts: 157 Dedicated contributor 🦉
    1750 is the differrence

    That will be balance on material alone 30000-6500=23500
    29250-7500= 21750 and the difference this 2 is 1750
  • Harriet1411
    Harriet1411 Registered Posts: 8 New contributor 🐸
    Yeah i got that bit, I completed all of that.

    I mean the question at the bottom on index numbers, said March 09 £1 put Dec Jan and Feb into index numbers? Have no clue how to do that? we didnt even have figures for March?
  • beansprout64
    beansprout64 Registered Posts: 29 Regular contributor ⭐
    donnaalwill wrote: »
    How did you work out the return on capital invested? I 'think' I just divided operating profit by the capital figure or whatever was at the bottom of the page as thats the only figure I could see?

    i did net profit/the amount invested * 100

    same formula as return on capital employed really
  • AATmunkee
    AATmunkee Registered Posts: 123 Dedicated contributor 🦉
    Return on capital invested was the only one i did wrong... do u think that will matter??? yes, that is the right way to do it.. times 100 of course :)
  • donnaalwill
    donnaalwill Registered Posts: 116 Dedicated contributor 🦉
    Thats what I thought Beansprout. I don't think there were any other figures to use.
  • Jointy
    Jointy Registered Posts: 78 Regular contributor ⭐
    tburchell11 wrote: »
    The index numbers were worked out by:

    Looking at the figures for Sep Oct Nov. Then adding or subtracting the seasonal variation to find out that the trend went up by £100 each month. so it was something like 1,500, 1,600 & 1,700.

    Dec Jan Feb, you carry on the trend = so 1,800 1,900 2,000 respectively

    Then add or subtract the seasonal variation given

    I wasnt sure wen it said carry the trend on to put 1500, 1600 & 1700 again or put 1800,1900 and 2000 think i got that bit wrong. How did the index numbers get worked out from these figures?
  • tburchell11
    tburchell11 Registered Posts: 25 Regular contributor ⭐
    Harriet1411 wrote: »
    Yeah i got that bit, I completed all of that.

    I mean the question at the bottom on index numbers, said March 09 £1 put Dec Jan and Feb into index numbers? Have no clue how to do that? we didnt even have figures for March?

    March was the base year which is 100

    Soo it would have been 100/1 x 1.90 = 190

    And so on
  • katie123666
    katie123666 Registered Posts: 27 Regular contributor ⭐
    Oh dear my variance was £575!! Opps
  • kazseera
    kazseera Registered Posts: 87 Regular contributor ⭐
    beansprout64 wrote: »
    i did net profit/the amount invested * 100

    same formula as return on capital employed really


    i did that too
  • AATmunkee
    AATmunkee Registered Posts: 123 Dedicated contributor 🦉
    I had 575 too :) dont panic..
  • kazseera
    kazseera Registered Posts: 87 Regular contributor ⭐
    beansprout64 wrote: »
    i did net profit/the amount invested * 100

    same formula as return on capital employed really
    tburchell11 wrote: »
    March was the base year which is 100

    Soo it would have been 100/1 x 1.90 = 190

    And so on

    oh gosh i did that wrongthen, i did the amount for each month/bas year x price
  • Harriet1411
    Harriet1411 Registered Posts: 8 New contributor 🐸
    donnaalwill wrote: »
    How did you work out the return on capital invested? I 'think' I just divided operating profit by the capital figure or whatever was at the bottom of the page as thats the only figure I could see?
    tburchell11 wrote: »
    March was the base year which is 100

    Soo it would have been 100/1 x 1.90 = 190

    And so on



    Oh god i did that so wrong, what was the 1.90 bit? When u say so on what do u mean?

    Do u think i will have failed if I missed that one out? I felt quite confident with most of the paper?
  • exam panic
    exam panic Registered Posts: 157 Dedicated contributor 🦉
    I know I was wrong to put fixed overhead on

    but mI balance the whole thing instead of material alone hope they not fail me on that
  • beansprout64
    beansprout64 Registered Posts: 29 Regular contributor ⭐
    tburchell11 wrote: »
    March was the base year which is 100

    Soo it would have been 100/1 x 1.90 = 190

    And so on

    yea i got my answers as 180, 190 and 200.
  • katie123666
    katie123666 Registered Posts: 27 Regular contributor ⭐
    Oh good i'm glad I'm not on my own!
  • beansprout64
    beansprout64 Registered Posts: 29 Regular contributor ⭐
    exam panic wrote: »
    but mI balance the whole thing instead of material alone hope they not fail me on that

    i did the same thing. doubt it if they do. i put all the material numbers in and the overheads and everything balanced so my numbers must have been right. I just know i didnt do it in the correct way
  • AATmunkee
    AATmunkee Registered Posts: 123 Dedicated contributor 🦉
    lol so am i katie!! I messed up the ratio for capital invested but everythin else i answered as well as i could.. just kicking myself now!!! :(
  • katie123666
    katie123666 Registered Posts: 27 Regular contributor ⭐
    Which Coffee machine option did anybody pick?
  • The Master
    The Master Registered Posts: 34 Regular contributor ⭐
    anyone get 1,040,000 net profit from the capsules?
  • beansprout64
    beansprout64 Registered Posts: 29 Regular contributor ⭐
    katie123666 wrote: »
    Which Coffee machine option did anybody pick?

    i chose the k one first, then when did the capsuled bit, i chose supremio 1
  • tburchell11
    tburchell11 Registered Posts: 25 Regular contributor ⭐
    katie123666 wrote: »
    Which Coffee machine option did anybody pick?

    I picked the Supremio. I said that it is a growing market. And the patents would probably protect profits long enough to establish a sufficient share of the market.

    And that is literally all i put. Hope it is not too brief......had run out of time!

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