PEV - June 2010
Comments
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Pev 2010
I got the same variances too. I got £46.25 2. kept having to check the fixed capacity one.0 -
I think I got £46.25 (if i remember rightly) for the FOAR - Anyone else get this?
thank god I am not the only one then! thought this was really high though! I did a comparison on actuals and it was something ike £2!
hopefully didnt do too bad though.
did anyone else get £240k for fixed costs on the last question? It suddenly dawned on me just before I was ready to leave!0 -
I completely buggered up that bit. I got down the definition of target costing, just not the actual calculation right. Hopefully that won't infringe too much on my score.bagpuss3008 wrote: »thank god I am not the only one then! thought this was really high though! I did a comparison on actuals and it was something ike £2!
hopefully didnt do too bad though.
did anyone else get £240k for fixed costs on the last question? It suddenly dawned on me just before I was ready to leave!0 -
On section 2, got an additional profit of £31000....??
target fixed cost £2.500 -
Anyway what ever will be will be - none of us can change what we have put so its just a waiting game now and back to the books for BTC tomorrow0
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Flying Scarlet wrote: »and??
Yes I dont know what to think yet!0 -
I also got £22,200 favourable for the FOH Capacity variance as the capacity (ie labour hours) was greater than budgeted so this makes it favourable.
I agree with all the other answers as well!0 -
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I was nervous on that question as well. I think I got some high answer like 93,560 total. I did a whole run down from turnover to net profit as I believe this was how they did it on another exam. But I am probably wrong here as well...lolOn section 2, got an additional profit of £31000....??
target fixed cost £2.500 -
How do you all remember???
Not gonna look anymore as it just panics me!!0 -
I also got £2.50 for the target cost per unit so x 170,000 got £425,000
In the first question for section 2 I got £67,000 revised net profit so additional profit was approx £34000...did anyone else get around this???0 -
same here! BUT I got a Favourable variance of £22200 on the capacity variance, not an adverse one....?
I put favourable too, but when i tried to do reconcile it (this wasn't a question) it didn't work. So I think it may have been an adverse one.... Can't lose too many marks for that though can I?0 -
I also got 425,000. i recall 67000 been there as revised net profit 2.0
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Did the question in section 2 ask for the revised net profit or the additional net profit? I think I just left it as the additional profit of £31,000. If it asked for the revised then I have definately lost marks there.....
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Looks like I got that one wrong too..............I thought it wanted you to base it all on the sales of 394,000 sales or something like that and when I redid the material costs and added the extra marketing, I got 93,560 total net profit. I don't remember what the original net profit was now. Anyone????I got this too!0 -
£32,900ish I think0
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HayleyM no it didn't ask for a revised net profit, it did just ask for the additional. I just found it easier doing it that way!!!0
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The £22,200 was an adverse variance as actual hours worked were less than budgeted, meaning labour worked under capacity, which is a negative. I think.0
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Morris1871, actual hours were 1200 whereas budgeted was around 720 if I remember rightly so they worked over capacity. Thats why I put favourable anyway - I hope I didnt get actual and budgeted mixed up :S0
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I was nervous on that question as well. I think I got some high answer like 93,560 total. I did a whole run down from turnover to net profit as I believe this was how they did it on another exam. But I am probably wrong here as well...lol
I did the same as i done an exam paper last night and it said to do it like this. 0 -
Morris1871, actual hours were 1200 whereas budgeted was around 720 if I remember rightly so they worked over capacity. Thats why I put favourable anyway - I hope I didnt get actual and budgeted mixed up :S
Sorry, I got it mixed up. Already sutdying for BTC so it left my head. You're right, actual was over budget therefore it was favourable.0 -
we shared the room with people sitting PEV and almost all that came out of there looked very happy0
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we shared the room with people sitting PEV and almost all that came out of there looked very happy
Our room was PErVs and MAC's too! But I didn't see the MACs come out, because I left before everybody else in the room. First out - yay, that was a first for me!FMAAT - AAT Licensed Member in Practice - Pewsey, Wiltshire0
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