PCR June 2010
Comments
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I know that these are wrong but i got these for section 1, at least i think they are
task 1.1
a 1600
b 94.32
c 3300
d 1710
e 365
f 2
g 0.125
h 249000kg
i 20%I put 25,000 favourable as well as the budget was that amount and they actually spent zilch..........
Yep thats waht I thought0 -
Thought the exam wasn't too bad, liked it as there was a lot of calculations and less written questions. Task 1.1 was different, but they basically gave us the formulas to use.
Just have to wait now and hope I've passed PEV and PCR.0 -
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Anyone remember 1.2 & 1.3 answers??0
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how many production lines did you get with the extra production in section 1?0
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3 probuction lines as it came to 7000 odd which meant you needed 3 as capacity for 2 was only 66000
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3 probuction lines as it came to 7000 odd which meant you needed 3 as capacity for 2 was only 6600
dam! I thought it was 3! then changed it to 4 because i thought it would be based on the different activities not the hours!!! sounds stupid i know because when i walked out at the end i thought why did i change that!!!!0 -
hmm not sure...how many units per labour hour did you get??
I got 8000 -
i had 3 production lines...
aand 7000 something hours0 -
Where you worked out how many labour hours required...you needed to work out how many units per hour first in 1.2 I think0
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I was happy with how the exam went although the format was not particularly like any of the others. I felt that it was testing your understanding and calculations and was very fair.
Section 1
Gardenbase
In essence all the questions on section 1.1 were asked in a manner that you could establish where to pull the figures from.
The exam was based on 6 staff and 2 production lines producing tubs of fertiliser, which was 0.9kg sand: 0.1 kg PSX, supplying a 1kg tub of end product fertiliser. Retail price £0.58/tub.
Staff labour hours were provided and so were production line hours.
However, the twist was that PSX had an element of evaporation, so to end up with 0.1kg of PSX in 1 kg of finished fertiliser you needed 0.125kg psx in the mix.
Then for 1.2 there was a re-calculation exercise, based on the figures you had already achieved. Then you had to re-evaluate for the additional costs incurred for the additional output. This was for the product to be sold through Q&D at £0.52/tub
It was also necessary to evaluate the additional profit per tub on the additional supply; I got £0.018 per tub. We were allowed to work to 3 decimal places (which was a little off-putting in itself!)
After that 1.3 was the report; summarising profit impact, what if drop in sales, etc. I calculated that there would be an additional £54,000 profit, however at sales of £0.52/tub sales wouldn't need to drop too much to create a loss; especially as it was necessary to put in an additional production line to facilitite the output (£175,000 fixed overhead). There was also a requirement to discuss possible affect on sales of own fertiliser.
Can't remember if there was a 1.4 task!
Section 2.
FunKeyFobs
This was the budget part of the paper.
Budget figures were given 'per thousand' for production of key fobs.
For 2.1 I initially went through and calculated incorrectly, as I hadn't read the budget properly so I was out by '000 on my first answers! I realised when I came to 2.2!
Again, as in previous papers it was just calculation budget cost/per thousand key fobs, working through Variable, Semi Variable and Stepped Costs. Quite straightforward.
2.2 Flexing budget, although as well as comparing flexed and actual budget to produce (adverse)/favourable variance it was also necessary to show variance as a % of flexed budget. This is something that I haven't seen anywhere before whilst studying this subject and I realised when I re-read the question having completed it. I struggled to fit it onto the page quite honestly, but did manage to calculate the variance %.
Most noticeable decreased sales variance equated to 8.3% (Flexed 2,880,000:Actual 2,640,000: Variance 240,000 adverse)
Amongst other calculations I had labour 5.1% adverse and energy 5% favourable. Manager bonus was 100% favourable (budget 25,000:actual £zero)
2.3 Really strange that it was put here not after 2.4 question; was the index calculations: I got 5% increase and 4% increase (which I've already seen posted here).
2.4 Was the report on section 2.2 detailing analysis of significant variances. I mentioned/waffled about sales, labour, energy and manager bonus.
A bit about whether the budgets produced were best for the company (sort of question) and whether another type of budgeting would be more appropriate. I put something about 'target based budgets'.
I was happy with the exam and I feel quite positive. Although it provided all the information in an entirely different format I did feel that I had all the information I needed to supply a (hopefully) correct set of answers.FMAAT - AAT Licensed Member in Practice - Pewsey, Wiltshire0 -
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does anyone have the answers for 1.2 and 1.30
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when calculating the opening stock for the 3m additional units, did anyone put this as zero as you'd already used the o/s in the original budget?
Also, did I miss that there should be a calc for waste? I figured this was already included and calculated 0.125kg of PXS was used in production which already accounted for the waste?0 -
I was happy with how the exam went although the format was not particularly like any of the others. I felt that it was testing your understanding and calculations and was very fair.
Section 1
Gardenbase
In essence all the questions on section 1.1 were asked in a manner that you could establish where to pull the figures from.
The exam was based on 6 staff and 2 production lines producing tubs of fertiliser, which was 0.9kg sand: 0.1 kg PSX, supplying a 1kg tub of end product fertiliser. Retail price £0.58/tub.
Staff labour hours were provided and so were production line hours.
However, the twist was that PSX had an element of evaporation, so to end up with 0.1kg of PSX in 1 kg of finished fertiliser you needed 0.125kg psx in the mix.
Then for 1.2 there was a re-calculation exercise, based on the figures you had already achieved. Then you had to re-evaluate for the additional costs incurred for the additional output. This was for the product to be sold through Q&D at £0.52/tub
It was also necessary to evaluate the additional profit per tub on the additional supply; I got £0.018 per tub. We were allowed to work to 3 decimal places (which was a little off-putting in itself!)
After that 1.3 was the report; summarising profit impact, what if drop in sales, etc. I calculated that there would be an additional £54,000 profit, however at sales of £0.52/tub sales wouldn't need to drop too much to create a loss; especially as it was necessary to put in an additional production line to facilitite the output (£175,000 fixed overhead). There was also a requirement to discuss possible affect on sales of own fertiliser.
Can't remember if there was a 1.4 task!
Section 2.
FunKeyFobs
This was the budget part of the paper.
Budget figures were given 'per thousand' for production of key fobs.
For 2.1 I initially went through and calculated incorrectly, as I hadn't read the budget properly so I was out by '000 on my first answers! I realised when I came to 2.2!
Again, as in previous papers it was just calculation budget cost/per thousand key fobs, working through Variable, Semi Variable and Stepped Costs. Quite straightforward.
2.2 Flexing budget, although as well as comparing flexed and actual budget to produce (adverse)/favourable variance it was also necessary to show variance as a % of flexed budget. This is something that I haven't seen anywhere before whilst studying this subject and I realised when I re-read the question having completed it. I struggled to fit it onto the page quite honestly, but did manage to calculate the variance %.
Most noticeable decreased sales variance equated to 8.3% (Flexed 2,880,000:Actual 2,640,000: Variance 240,000 adverse)
Amongst other calculations I had labour 5.1% adverse and energy 5% favourable. Manager bonus was 100% favourable (budget 25,000:actual £zero)
2.3 Really strange that it was put here not after 2.4 question; was the index calculations: I got 5% increase and 4% increase (which I've already seen posted here).
2.4 Was the report on section 2.2 detailing analysis of significant variances. I mentioned/waffled about sales, labour, energy and manager bonus.
A bit about whether the budgets produced were best for the company (sort of question) and whether another type of budgeting would be more appropriate. I put something about 'target based budgets'.
I was happy with the exam and I feel quite positive. Although it provided all the information in an entirely different format I did feel that I had all the information I needed to supply a (hopefully) correct set of answers.
How did you manage to remember all that??0 -
bagpuss3008 wrote: »yey not just me then!!angeltastic wrote: »Sure I got that too!
so i'm happy now
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Re: PCR exam
I studied the whole test book of PCR and all the past exam papers, but not happy with today,s exam, I was panicking because i didn,t know what was required of me, another resit0 -
bagpuss3008 wrote: »when calculating the opening stock for the 3m additional units, did anyone put this as zero as you'd already used the o/s in the original budget?
Also, did I miss that there should be a calc for waste? I figured this was already included and calculated 0.125kg of PXS was used in production which already accounted for the waste?
I've calculated as total, first production plus additional add closing stock less opiening stock and in the end I've deducted what I had for first production and came out additional production...
Wastage - I've calculated this in material required...0 -
I was happy with how the exam went although the format was not particularly like any of the others. I felt that it was testing your understanding and calculations and was very fair.
Section 1
Gardenbase
In essence all the questions on section 1.1 were asked in a manner that you could establish where to pull the figures from.
The exam was based on 6 staff and 2 production lines producing tubs of fertiliser, which was 0.9kg sand: 0.1 kg PSX, supplying a 1kg tub of end product fertiliser. Retail price £0.58/tub.
Staff labour hours were provided and so were production line hours.
However, the twist was that PSX had an element of evaporation, so to end up with 0.1kg of PSX in 1 kg of finished fertiliser you needed 0.125kg psx in the mix.
Then for 1.2 there was a re-calculation exercise, based on the figures you had already achieved. Then you had to re-evaluate for the additional costs incurred for the additional output. This was for the product to be sold through Q&D at £0.52/tub
It was also necessary to evaluate the additional profit per tub on the additional supply; I got £0.018 per tub. We were allowed to work to 3 decimal places (which was a little off-putting in itself!)
After that 1.3 was the report; summarising profit impact, what if drop in sales, etc. I calculated that there would be an additional £54,000 profit, however at sales of £0.52/tub sales wouldn't need to drop too much to create a loss; especially as it was necessary to put in an additional production line to facilitite the output (£175,000 fixed overhead). There was also a requirement to discuss possible affect on sales of own fertiliser.
Can't remember if there was a 1.4 task!
Section 2.
FunKeyFobs
This was the budget part of the paper.
Budget figures were given 'per thousand' for production of key fobs.
For 2.1 I initially went through and calculated incorrectly, as I hadn't read the budget properly so I was out by '000 on my first answers! I realised when I came to 2.2!
Again, as in previous papers it was just calculation budget cost/per thousand key fobs, working through Variable, Semi Variable and Stepped Costs. Quite straightforward.
2.2 Flexing budget, although as well as comparing flexed and actual budget to produce (adverse)/favourable variance it was also necessary to show variance as a % of flexed budget. This is something that I haven't seen anywhere before whilst studying this subject and I realised when I re-read the question having completed it. I struggled to fit it onto the page quite honestly, but did manage to calculate the variance %.
Most noticeable decreased sales variance equated to 8.3% (Flexed 2,880,000:Actual 2,640,000: Variance 240,000 adverse)
Amongst other calculations I had labour 5.1% adverse and energy 5% favourable. Manager bonus was 100% favourable (budget 25,000:actual £zero)
2.3 Really strange that it was put here not after 2.4 question; was the index calculations: I got 5% increase and 4% increase (which I've already seen posted here).
2.4 Was the report on section 2.2 detailing analysis of significant variances. I mentioned/waffled about sales, labour, energy and manager bonus.
A bit about whether the budgets produced were best for the company (sort of question) and whether another type of budgeting would be more appropriate. I put something about 'target based budgets'.
I was happy with the exam and I feel quite positive. Although it provided all the information in an entirely different format I did feel that I had all the information I needed to supply a (hopefully) correct set of answers.
£0.018 per tub additional profit rings a bell...I remember having something like £0.109 for the original profit per tube in task 1.2..anyone ??0 -
I've got so many answers scribbled on back of exam seating sheet that they are almost more complicated to desipher than the exam !! Here goes ..
section 1.1 etc.?!!
1600 tubs
94.32%
3300hrs
1710 hrs
365 hrs
2:1
0.125 kg
0.025kg
loss 20%
Sect 1.2
10218000
5926440
204360
10029360
4287551.40
6078.4hrs
92%
1896.8
82080/22761.6
Overheads 350000 + 18235.20
Cost per tub 0.475
10.5 profit
1.3 ??
1560000
3060000 tubs
Add mats 1308150
3 lines
79.77%
3637 hrs
staff 134808 +29966
180456
0.497 per tub
0.23 profit
Section 2 £600
£180
£100
£25 delivery
£24 variable & 75000 fixed
Admin £2 var £95 000 fixed
Equip steps £5000
5% & 4%
Variances :
240000A
44000A
18000A
5000F
9500F
0
8000A
4400A
25000F
5000A
1000A
50900A
290900A
Hope that means more to you all than it now means to me !!
Only realised in last few minutes that fixed cost of lines in sect. 1 was per line & not overall fixed cost so hopefully changed correctly but who knows !!
Let me know if anyones can desipher answers & if they agree at all !!0 -
I think alot of people were thrown by the way the paper was set out and worded.....good for some but not for them unfortunately0
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I've got so many answers scribbled on back of exam seating sheet that they are almost more complicated to desipher than the exam !! Here goes ..
section 1.1 etc.?!!
1600 tubs
94.32%
3300hrs
1710 hrs
365 hrs
2:1
0.125 kg
0.025kg
loss 20%
Sect 1.2
10218000
5926440
204360
10029360
4287551.40
6078.4hrs
92%
1896.8
82080/22761.6
Overheads 350000 + 18235.20
Cost per tub 0.475
10.5 profit
1.3 ??
1560000
3060000 tubs
Add mats 1308150
3 lines
79.77%
3637 hrs
staff 134808 +29966
180456
0.497 per tub
0.23 profit
Section 2 £600
£180
£100
£25 delivery
£24 variable & 75000 fixed
Admin £2 var £95 000 fixed
Equip steps £5000
5% & 4%
Variances :
240000A
44000A
18000A
5000F
9500F
0
8000A
4400A
25000F
5000A
1000A
50900A
290900A
Hope that means more to you all than it now means to me !!
Only realised in last few minutes that fixed cost of lines in sect. 1 was per line & not overall fixed cost so hopefully changed correctly but who knows !!
Let me know if anyones can desipher answers & if they agree at all !!
As far as I can remember most of them seems the same, few seems different....0 -
My tubs were £0.475 cost so £0.105 profit and then additional ones were £0.023 profit (so £0.497 cost. I think these answers have already been posted on here so at least I'm not alone!0
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I've got so many answers scribbled on back of exam seating sheet that they are almost more complicated to desipher than the exam !! Here goes ..
section 1.1 etc.?!!
1600 tubs
94.32%
3300hrs
1710 hrs
365 hrs
2:1
0.125 kg
0.025kg
loss 20%
Sect 1.2
10218000
5926440
204360
10029360
4287551.40
6078.4hrs
92%
1896.8
82080/22761.6
Overheads 350000 + 18235.20
Cost per tub 0.475
10.5 profit
1.3 ??
1560000
3060000 tubs
Add mats 1308150
3 lines
79.77%
3637 hrs
staff 134808 +29966
180456
0.497 per tub
0.23 profit
Section 2 £600
£180
£100
£25 delivery
£24 variable & 75000 fixed
Admin £2 var £95 000 fixed
Equip steps £5000
5% & 4%
Variances :
240000A
44000A
18000A
5000F
9500F
0
8000A
4400A
25000F
5000A
1000A
50900A
290900A
Hope that means more to you all than it now means to me !!
Only realised in last few minutes that fixed cost of lines in sect. 1 was per line & not overall fixed cost so hopefully changed correctly but who knows !!
Let me know if anyones can desipher answers & if they agree at all !!
I have very similar answers to this!!0
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