MAC - June 2010
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starting to feel better now was a right state when i came out thinking i would get zero for task 2.2 but if i did correct workings and came up with some right amswers (from what ive read here) i should at least get some marks for it?0
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mini_schnauzer wrote: »Sorry it definately says 2.2 b iv and v The revised Gross proft and net profit.
They said we could take the exam paper so I have it infront of me.
Phew thank goodness!!!0 -
the figure for raw material was quoted divide that by the Cost of Sales and times by 365.
Its just the stock turnover figure I think,0 -
starting to feel better now was a right state when i came out thinking i would get zero for task 2.2 but if i did correct workings and came up with some right amswers (from what ive read here) i should at least get some marks for it?
thats really good vic but u know i didnt show any workings on task 2.2 if i didnt get it right then i will get a zero plus i didnt write any formulaes. Real short on time on task 2.2 will i fail ?0 -
umerali2003 wrote: »yea i almost wrote the same things in detail because the question it self demanded 60 mintues so i thought examiner require more
me too, didn't notice the time allocation but did write pages - same mentioned TQM and value engineering, cost of quality etc.0 -
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Actually the reason I don't recognise that figure is because as already stated it asked for the Gross profit and Net Profit and not the margins, but if you have done a new PandL account I am sure you will get marks for that.0
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mickeymacca wrote: »the figure for raw material was quoted divide that by the Cost of Sales and times by 365.
Its just the stock turnover figure I think,
yeah but wasnt there also a stock turnover figure required?? surely they wouldnt ask for the same thing twice??0 -
mickeymacca wrote: »Actually the reason I don't recognise that figure is because as already stated it asked for the Gross profit and Net Profit and not the margins, but if you have done a new PandL account I am sure you will get marks for that.
Remember everyone. You get marks for all of your workings. Therefore if you have calculated your gross and net profits figures correctly but then gone on the calculate the margins aswell, I would be surprised if you lose very many marks.
Good luck everyone.
Speegs0 -
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mini_schnauzer wrote: »2.2 b) Yep I got £144 for revised material. The revised GP and NP was for the figure not a percentage as it asked for the Revised gross profit not gross profit margin.
Loads of writing. I left after exactly 3 hours of solid writing. My arm feels like Mr Bean.
Yeah that was the £160 - 10% (£16) = £1440 -
yeah but wasnt there also a stock turnover figure required?? surely they wouldnt ask for the same thing twice??
One was for raw material and one was for closing stock, the other calculation quoted using materials (purchases) used is normally used for creditor turnover but I have seen examples where both figures are given in previous exams0 -
every body make sure to fill in the feedback and bombard task 2.2 as the worst question . i read in aat magazine that before setting up the passing rate they do take a very deep look at feedback from the canditates0
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For section two ratio's, were they supposed to be done againt the Budgeted units, Actual units or both? :-/0
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umerali2003 wrote: »every body make sure to fill in the feedback and bombard task 2.2 as the worst question . i read in aat magazine that before setting up the passing rate they do take a very deep look at feedback from the canditates
Task 2.2 I found unclear.
2.2 A i) asked for Actual sales price per unit (therefore Actual sales = 23,000 as stated)
2.2 A ii) asked for Material cost per unit but didnt say if for Actual or Budget, as they gave both Actual and Budget sales in units. So i took it as they wanted it for Actual sales - and indicated this on the answer page; as they asked for Budget figures earlier on in the paper and it would of been a repeat of the question.0 -
For section two ratio's, were they supposed to be done againt the Budgeted units, Actual units or both? :-/
i did the 1st one with actual because it said actual sales per unit that triggered the confusion in my mind not to use the rest of them with actual if they wanted the actual ones in the others one then they should have mentioned like actual material cost per unit etc etc why just for the 1st one only ????0 -
Yeah, see I thought along the same lines as the other person above, so based my calcs on the Actual figures presuming that they'd have know what they've budgeted for, that definately confused me0
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umerali2003 wrote: »i did the 1st one with actual because it said actual sales per unit that triggered the confusion in my mind not to use the rest of them with actual if they wanted the actual ones in the others one then they should have mentioned like actual material cost per unit etc etc why just for the 1st one only ????
i'm having trouble remembering the layout of the info for 2.2 other than the fact it was on the left hand page!!! Was it something like Budgeted sales units ***** (don't remember the figure), then below it actual sales units, then just all the actual £ figures but no budget stuff.. I really can't recall anything on the budget except the top line.
Needless to say I did the whole thing on actuals without even thinking about it! Maybe I had selected blindness this close to the end???!!!0 -
Gross profit and net profit for task 2.2 any numbers ?0
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be interested in the assessors report for this as this was unclear0
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i'm having trouble remembering the layout of the info for 2.2 other than the fact it was on the left hand page!!! Was it something like Budgeted sales units ***** (don't remember the figure), then below it actual sales units, then just all the actual £ figures but no budget stuff.. I really can't recall anything on the budget except the top line.
Needless to say I did the whole thing on actuals without even thinking about it! Maybe I had selected blindness this close to the end???!!!
i think both are right but it wasnt enough information given simple is that0 -
umerali2003 wrote: »every body make sure to fill in the feedback and bombard task 2.2 as the worst question . i read in aat magazine that before setting up the passing rate they do take a very deep look at feedback from the canditates
It was the first question which nearly had me in a total spin out! I did clock on with the 16 square metres squares thing before completely cocking the whole thing up but felt the complexity of it for a first question was way more than that in previous papers. Or maybe I just took half an hour to get my brain in year!!! Nearly got confused somewhere where it said there were 500 squares of opening stock and almost forgot it was squares not square metres. Then nearly forgot to calculate the total squares having done total square metres requirement. I really wasn't switched on at that point I don't think. But hopefully I saved myself!0 -
question 2 was by far the worst question - 2.1 and 2.2 - yuk
I think it should have been simple but i crossed things out so many times, then ran out of time, then rushed the answer and now i'm not sure if any of its right!
Please let me pass
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It was the first question which nearly had me in a total spin out! I did clock on with the 16 square metres squares thing before completely cocking the whole thing up but felt the complexity of it for a first question was way more than that in previous papers. Or maybe I just took half an hour to get my brain in year!!! Nearly got confused somewhere where it said there were 500 squares of opening stock and almost forgot it was squares not square metres. Then nearly forgot to calculate the total squares having done total square metres requirement. I really wasn't switched on at that point I don't think. But hopefully I saved myself!
i think i roughly remember i took 16 and multiply by production budget to get the material required i ignored 12 sq m and i think my answer of part c were same numbers of part d production requirement which were given in the paper !!!!!!!!0 -
It was the first question which nearly had me in a total spin out! I did clock on with the 16 square metres squares thing before completely cocking the whole thing up but felt the complexity of it for a first question was way more than that in previous papers. Or maybe I just took half an hour to get my brain in year!!! Nearly got confused somewhere where it said there were 500 squares of opening stock and almost forgot it was squares not square metres. Then nearly forgot to calculate the total squares having done total square metres requirement. I really wasn't switched on at that point I don't think. But hopefully I saved myself!
I'm worried that I have got this bit wrong now! 0 -
umerali2003 wrote: »i think i roughly remember i took 16 and multiply by production budget to get the material required i ignored 12 sq m and i think my answer of part c were same numbers of part d production requirement which were given in the paper !!!!!!!!
Yes mine were too! That gave me hope I'd done it right!0 -
1.1
I did different to everyone.
They said it was 1 square per unit. I thought the 14 or 16sq metres was irrelevant.
So the quantity of squares was the same as production units.
Then i worked out opening and closing of material.
Then multiplied the squares by £50 each.
Fingers crossed - am i the only one that did that??0
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