pcr dec 09
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Hopefully Sandy Hood will have been able to get hold of a paper and can let us have his answers to put our minds at rest.0
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Closing stock value per unit
Standard labour hours cost - 202,400*12 = £2,428,800
Overtime cost - 17,600*18 = £316,800
Total labour cost / good production = 2,745,600/10,350,00 = £0.27p
Material cost - 0.20*3 = £0.60p
Anyone remember any of the overhead costs?0 -
I got £1.09 for closing stock per unit
materials 0.20 x 3kg = 0.60p
labour - total labour cost / good production
overheads - total overheads / good production
cant remember figures for labour and overheads per unit
anyone else do it like this?
I got 1.09 and then divided the total cost of production between the units which came to 1.06 so I used that figure instead.0 -
Jointy, i got same figure of 4,087,500 for qt3 just as you and this translate to 81,750hr (4087500x.02) or (4087500x20)/20. Take that away from the available basic hours, you get an overtime hours of almost half or thereabout...which threw me off at first, but i think it's the right way to go.0
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Jointy, i got same figure of 4,087,500 for qt3 just as you and this translate to 81,750hr (4087500x.02) or (4087500x20)/20. Take that away from the available basic hours, you get an overtime hours of almost half or thereabout...which threw me off at first, but i think it's the right way to go.
That was the saleable amount needed. You needed to do 4087500/95 * 100 to get the Production needed.0 -
Did anyone else get along the same line as this?
1.1a 10,350,000
1.1b 10,450,000
1.1c 33,012,000
1.1e 220,000 hours needed so 17,600 hours overtime
1.2a sp = £1.35 so turnover is £13,972,500
1.2b - material cost 6,602,400
1.2c - Std wages = £2,428,800
- Overtime - £316,800
- total - £2745,600
1.2d - Overheads £2359,400
1.4 New overtime (35,537hrs) £639,666 is more than double the previous amount which is not possible as every employee would have to work over 70hrs extra each month. This additional labour can be outsourced (agency)
2.1a - £40
2.1b - £7
2.1c - 45mins or 0.75hrs
2.1d - 10p or £0.1
2.1 e £25,000
2.1f £4000 per step
2.2a total variance is £86,050F alothough every cost was an adverse apart from depreciation?
Anyone else get answers like this?
I mucked up my closing stock calculation for the table....
This was posted on another forum if it helps anyone.0 -
I dont remember which questions they were but hopefully someone will see familiar figures and re-assure me!! Think it was section 2- £40 selling price, £25000 fixed energy cost, 45mins to produce a pack then reduced to 43.5mins. £4000 stepped cost for equip hire & a £2000 Adverse variance on depreciation. I wrote more than that but cant remember them all! Emails all pretty straight forward compared to Mondays PEV!! Dont remember much of section 1, it's all a bit of a blur!!0
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PCR Dec 09 exam
does anyone have some answers for section 2 please ?0 -
after reading this i thought dfs was hard am dreading MAC0
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Standard labour hours cost - 202,400*12 = £2,428,800
Overtime cost - 17,600*18 = £316,800
Total labour cost / good production = 2,745,600/10,350,000 = £0.27p
Material cost - 0.20*3 = £0.60p
Overhead cost - £2,359,400/10,350,000 = £0.23p
Total cost per unit - £1.10
Not sure if this correct I put £1.09 but I could have rounded wrong.
I took the overhead figure off someone else but seems right I think.0 -
i CAN'T REMEMBER ANYTHING .
You guys must have a super memory ... all I remember pcr 2009 and loads of numbers and the written part ... hope I pass but I remember on section 1 they gave us labour hours so we have to work out from that but I'm not sure right or wrong .0 -
I think Jointy has a photographic memory!
Andrea0 -
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I think i GOT 1.O5777 SO I rounded up to 1.06
1.060 -
I initially got £1.12 but then convinced myself it was £1.14 and went with that, can't remember how! I know I changed my mind from using £0.60 for material cost or whatever it was and used £0.63 by working it out a different wayexam panic wrote: »1.060 -
Absorbsion question
I added up all the costs labour, materials and overheads and divided by saleable units (the number calculated in 1.1 b cant remember how much it was but i got 1.12, What did people get for the variance in 2.1?0 -
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I agree with most of the above however, 1.1c is 11,000,000 and 1.1 d is as you have said against 1.3c 33,012,000!This was posted on another forum if it helps anyone.
1.2 e) Budgetted cost per K Roll - I got £1.07
Operating profit £2,711,000 altho I suspect this may be wrong!
In addition I calculated the following for 1.3
1.3a) Q1 Q2 Q3 Q4
2,037,500 1,817,500 4,087,500 2,407,500 Units
1.3b) 2,137,500 1,817,500 4,087,500 2,407,500 Units + stock
1.3c) 2,250,000 1,913,158 4,302,632 2,534,211 + 5% wastage
1.3d) 5,600 idle/t 12,336 idle/t 35,453 o/t 85 o/t
1.3e) £638,154 o/t £1,530o/t
Agree with answers to 2 except I got a total varaince of £90,550 F (£829,200 flexed - £919,715 actual)
Lastly, Actual labour amounted to £12.50 ie £0.50 increase. Savings in time = 1.5 mins per package. Overall I had a saving of 1,700 hrs ie (1.5 mins x 68,000 units/60) x £12 per hr = £20,400, therefore the bonus scheme had been worthwhile as the net saving for the period amounted to £16,150. Does anyone else agree? I do hope so!0 -
Highlander1 wrote: »I agree with most of the above however, 1.1c is 11,000,000 and 1.1 d is as you have said against 1.3c 33,012,000!
1.2 e) Budgetted cost per K Roll - I got £1.07
Operating profit £2,711,000 altho I suspect this may be wrong!
In addition I calculated the following for 1.3
1.3a) Q1 Q2 Q3 Q4
2,037,500 1,817,500 4,087,500 2,407,500 Units
1.3b) 2,137,500 1,817,500 4,087,500 2,407,500 Units + stock
1.3c) 2,250,000 1,913,158 4,302,632 2,534,211 + 5% wastage
1.3d) 5,600 idle/t 12,336 idle/t 35,453 o/t 85 o/t
1.3e) £638,154 o/t £1,530o/t
Agree with answers to 2 except I got a total varaince of £90,550 F (£829,200 flexed - £919,715 actual)
Lastly, Actual labour amounted to £12.50 ie £0.50 increase. Savings in time = 1.5 mins per package. Overall I had a saving of 1,700 hrs ie (1.5 mins x 68,000 units/60) x £12 per hr = £20,400, therefore the bonus scheme had been worthwhile as the net saving for the period amounted to £16,150. Does anyone else agree? I do hope so!
My answers were identical apart from:
1.2e - I got £1.12
2.2 - I wrote that it wasn't worthwile as the hourly rate increased by 4.17% whereas the time shortened by 3.33% only, which is supported by the 4000 something adverse labour variance.0 -
I got £90550 F total variance as well for section 2 which I haven't seen anyone else except Highlander 1 post!
Anyone else?0 -
Highlander1 wrote: »I agree with most of the above however, 1.1c is 11,000,000 and 1.1 d is as you have said against 1.3c 33,012,000!
1.2 e) Budgetted cost per K Roll - I got £1.07
Operating profit £2,711,000 altho I suspect this may be wrong!
In addition I calculated the following for 1.3
1.3a) Q1 Q2 Q3 Q4
2,037,500 1,817,500 4,087,500 2,407,500 Units
1.3b) 2,137,500 1,817,500 4,087,500 2,407,500 Units + stock
1.3c) 2,250,000 1,913,158 4,302,632 2,534,211 + 5% wastage
1.3d) 5,600 idle/t 12,336 idle/t 35,453 o/t 85 o/t
1.3e) £638,154 o/t £1,530o/t
Agree with answers to 2 except I got a total varaince of £90,550 F (£829,200 flexed - £919,715 actual)
Lastly, Actual labour amounted to £12.50 ie £0.50 increase. Savings in time = 1.5 mins per package. Overall I had a saving of 1,700 hrs ie (1.5 mins x 68,000 units/60) x £12 per hr = £20,400, therefore the bonus scheme had been worthwhile as the net saving for the period amounted to £16,150. Does anyone else agree? I do hope so!
The bonus scheme ended up costing the business £4250 more than if they didnt do it. I cant remember my calculation but it matched the flexed budget which was 4250 adverse0 -
does anyone have some answers for section 2 please ?
Hi Charlie
For section 2 I got:
136000 F - Turnover
34000A
4250A
200A
3000A
1000A
2000F - Dep'n
4000A
3000A
47450A - Total Expenses
88550F - Operating Profit
Can't remember now what figures matched materials, labour etc. I then went on in the email to say the bonus scheme had not improved production efficiency and that the overall favourable variance was due to the turnover/ selling price.0
Ah well, one figure shouldn't mean a fail 
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