Practice Assessment Budgeting
smithy44
Registered Posts: 31 Regular contributor ⭐
Hi
Don't know if anyone is feeling the same but sitting my first CBA in December and have tried the online practice CBA not sure if i like it or not - no where to put your workings could we loose marks????
Anyway i have a problem with a question and wonder if anyone can help???? It is Task 2.1 in the practice CBA can't work out the flexed budget figure for equipment hire the budget is stepped, increasing at every 8000 units of monthly production. The Budget volume is 63,000 at a cost of £32,000 the flexed budget volume is 68,000.
Don't know if anyone is feeling the same but sitting my first CBA in December and have tried the online practice CBA not sure if i like it or not - no where to put your workings could we loose marks????
Anyway i have a problem with a question and wonder if anyone can help???? It is Task 2.1 in the practice CBA can't work out the flexed budget figure for equipment hire the budget is stepped, increasing at every 8000 units of monthly production. The Budget volume is 63,000 at a cost of £32,000 the flexed budget volume is 68,000.
0
Comments
-
I did this one yesterday:
Stepped at every 8000 units suggests that it increase at every multiple of 8000. The budget volume of 63000 units will be in the 8th step. Trick was to remember that 0 - 8000 is 1st step.
At 63000 units (8th step) the budget is £32000, £32000 divided by 8 step gives you £4000 per step.
We are looking at a volume of 68000 units which is one step on, so flexed budget will be £4000 x 9 steps = £36000.
Hope that helps.
If so it's the first time I have helped!
T0 -
Next question - having done that paper yesterday - I can't find any others to have a go at. Has anyone found any?
Can someone confirm what this unit was called under the old standards and I'll just try doing the past papers for that - I think it's PCR but jst want to be sure!
Thanks!0 -
PCR passed papers
Hi
Thanks for the help!!! i understand now ) as for other past papers they are there under Level 4 PCR also there is a practice CBA if you won't to try that. That's if you are sitting that.0 -
Fantastic thank you very much! Printed some out yesterday so glad right ones will now start on them0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 319 NEW! Qualifications 2022
- 157 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 56 AAT Level 3 Diploma in Accounting
- 92 AAT Level 4 Diploma in Professional Accounting
- 8.8K For accounting professionals
- 23 coronavirus (Covid-19)
- 272 VAT
- 92 Software
- 274 Tax
- 136 Bookkeeping
- 7.2K General accounting discussion
- 201 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 582 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership