PEV Answers for Section 1
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Khurram Taj
Registered Posts: 29 Regular contributor ⭐
Hi All
I have got answer for PEV section 1, could anybody tell me, are they right?
Task 1.1
5000 Kg
5000 Kg
100 Sq Metre
£15000
£7500
£1000
£6500
B
£800 A
£2250F
£600F
£1875 A
£550F
£150A
C
Standard cost of actual material for 9500 one KG Packs= £22325
Actual Cost of actual material for 9500 one KG Packs = £21750
D
Fixed Overhead Expenditure Varience = £1000 Adverse
Fixed Overhead Volume Varience = £ 1325A
Task 1.2
Some detail report writing
Task 1.3
a) £1400 £1500 £1600
b) £1500 £1400 £1750
C) £1.50 Kg £1.4 Kg 1.75 Kg index numbers 66.6 71.42 57.14
Task 1.4
A) Production engineer talking about idel standard
Which is not possible in this situation because in a week long trail production per labour was 800 jars and if somthing happen like machine broke down, disruption etc production was only 600 jars.
Labour may think 600 jars target easy to achieve and it could be lost of labour time and afact their effiiciency and if they achieved 800 jars target than it could be a favourable capacity. so company sould make practical standar so that it does not effact labour efficiency and capacity and profitable for company s interst.
I have got answer for PEV section 1, could anybody tell me, are they right?
Task 1.1
5000 Kg
5000 Kg
100 Sq Metre
£15000
£7500
£1000
£6500
B
£800 A
£2250F
£600F
£1875 A
£550F
£150A
C
Standard cost of actual material for 9500 one KG Packs= £22325
Actual Cost of actual material for 9500 one KG Packs = £21750
D
Fixed Overhead Expenditure Varience = £1000 Adverse
Fixed Overhead Volume Varience = £ 1325A
Task 1.2
Some detail report writing
Task 1.3
a) £1400 £1500 £1600
b) £1500 £1400 £1750
C) £1.50 Kg £1.4 Kg 1.75 Kg index numbers 66.6 71.42 57.14
Task 1.4
A) Production engineer talking about idel standard
Which is not possible in this situation because in a week long trail production per labour was 800 jars and if somthing happen like machine broke down, disruption etc production was only 600 jars.
Labour may think 600 jars target easy to achieve and it could be lost of labour time and afact their effiiciency and if they achieved 800 jars target than it could be a favourable capacity. so company sould make practical standar so that it does not effact labour efficiency and capacity and profitable for company s interst.
0
Comments

how you get answers?0

Khurram Taj wrote: »Hi All
I have got answer for PEV section 1
Task 1.1
5000 Kg
5000 Kg
100 Sq Metre
£15000
£7500
£1000
£6500
B
£800 A
£2250F
£600F
£1875 A
£550F
£150A
C
Standard cost of actual material for 9500 one KG Packs= £22325
Actual Cost of actual material for 9500 one KG Packs = £21750
D
Fixed Overhead Expenditure Varience = £1000 Adverse
Fixed Overhead Volume Varience = £ 1325A
Task 1.2
Some detail report writing
Task 1.3
a) £1400 £1500 £1600
b) £1500 £1400 £1750
C) £1.50 Kg £1.4 Kg 1.75 Kg index numbers 66.6 71.42 57.14
Task 1.4
A) Production engineer talking about idel standard
Which is not possible in this situation because in a week long trail production per labour was 800 jars and if somthing happen like machine broke down, disruption etc production was only 600 jars.
Labour may think 600 jars target easy to achieve and it could be lost of labour time and afact their effiiciency and if they achieved 800 jars target than it could be a favourable capacity. so company sould make practical standar so that it does not effact labour efficiency and capacity and profitable for company s interst.
The only thing here i dont agree with is Task 1.3b as they gave you new seasonal variations to work to.0 
b Answer
800A
3000F
1500A
600F
100A
550F
This is the right answer because it will balance0 
exam panic wrote: »800A
3000F
1500A
600F
100A
550F
This is the right answer because it will balance
Mine balanced too with the answers above0 
hi
1750 is the differrence
That will be balance on material alone 300006500(budget fixed overhead)=23500
292507500(fixed overhead)= 21750 and the difference this 2 is 17500 
your difference is 575 how come it blalance
Because difference betwen is 17500 
exam panic wrote: »Because difference betwen is 1750
i def got 575.. its because u did 5000 x £3 and 5000 x £1.5 where as i did 4750kg X £3 and so on.0 
Tell me how you balance
can you tell me how you balance material alone you have to work out from 10000 not 9500 , 500 scrap don't have value0 
i got 325a for the volume variance  should it have been 1325a?0

I did 4750kgs x 3
4750kgs x 1.50
95sqmtrs x £15
That totals to £22325. Standard material cost for 9500 units0 
Khurram Taj wrote: »Hi All
I have got answer for PEV section 1, could anybody tell me, are they right?
Task 1.1
5000 Kg
5000 Kg
100 Sq Metre
£15000
£7500
£1000
£6500
B
£800 A
£2250F
£600F
£1875 A
£550F
£150A
C
Standard cost of actual material for 9500 one KG Packs= £22325
Actual Cost of actual material for 9500 one KG Packs = £21750
D
Fixed Overhead Expenditure Varience = £1000 Adverse
Fixed Overhead Volume Varience = £ 1325A
Task 1.2
Some detail report writing
Task 1.3
a) £1400 £1500 £1600
b) £1500 £1400 £1750
C) £1.50 Kg £1.4 Kg 1.75 Kg index numbers 66.6 71.42 57.14
Task 1.4
A) Production engineer talking about idel standard
Which is not possible in this situation because in a week long trail production per labour was 800 jars and if somthing happen like machine broke down, disruption etc production was only 600 jars.
Labour may think 600 jars target easy to achieve and it could be lost of labour time and afact their effiiciency and if they achieved 800 jars target than it could be a favourable capacity. so company sould make practical standar so that it does not effact labour efficiency and capacity and profitable for company s interst.
all except the volume variance where i got 323a0 
I got 325a too...0

Surely the index numbers are wrong.. they should have all been above 100??0

I thought that with the index, but the lower index was the only one which would give the current figures values
anywhere near the march price.0 
You thought what I said or agree with the earlier posts?
How can you guys remember every answer you put!!!?0 
Sorry I mean thought index should be over 100. But I thought they wanted to compare the recent price to the March 09 one so I went for the below 100 figure.0

Hi Yes I go these answers but could balance my opperating statement for some reason? i found it realy hard and didnt have time to finish!0

I found that there was loads and loads to write and it did same longer than the other papers which made it hard going towards the end. I cant revise for PCR coz my hand wont write anymore!0

Question on forecasting prices
Can anyone tell me how the question on forecasting future prices should of been answered ? What was underlying cost of the first three months and the seasonal changes ? I did not have a clue ?0 
Can anyone tell me how the question on forecasting future prices should of been answered ? What was underlying cost of the first three months and the seasonal changes ? I did not have a clue ?
Month.......Cost.....Trend.....Seasonal Variation
Sept 09.....1200.....1400.....200
Oct 09......1600.....1500......100
Nov 09......1500.....1600....100
The trend is a monthly increase of £100
Dec 09.....1800.....1700......100
Jan10......1900......1800....100
Feb10......2050.....1900......150
Index
March09......1000.....100%.....100
Dec09.........1800.....180%.....180.....(1800/1000 x 100)
Jan09.........1900......190%.....190.....(1900/1000 x 100)
Feb02........2050.......205%.....205.....(2050/1000 X 100)0 
Month.......Cost.....Trend.....Seasonal Variation
Sept 09.....1200.....1400.....200
Oct 09......1600.....1500......100
Nov 09......1500.....1600....100
The trend is a monthly increase of £100
Dec 09.....1800.....1700......100
Jan10......1900......1800....100
Feb10......2050.....1900......150
Index
March09......1000.....100%.....100
Dec09.........1800.....180%.....180.....(1800/1000 x 100)
Jan09.........1900......190%.....190.....(1900/1000 x 100)
Feb02........2050.......205%.....205.....(2050/1000 X 100)
I hope you're right because that's exactly how I did it0
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