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umerali2003 wrote: »task 2.1 variances
583 CANT REMEMBER IT WAS FAV OR ADV
428.75 A
900 F
250 A
2000 A
275 VOLUME RATIO
some of those if i remember correctly are matching those that i did def the volume ratio was £275 (F) on mine0 -
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Not getting to sit BTC tomorrow either as the College is shut again!
All these months of studying wasted for another six months: :mad:0 -
I got 14400 kg for the production in January after wastage
so then the materails were 14400 * £1.7 for the cost
machine hours
Jan - 87.5 feb = 120 and March 155 so not over the 160 hours max
labour hours Jan = 1220, feb = 1200, March = 1550 of which 350 hours were paid at overtime. I assumed that regardless of production they had to work the 1200 hours in total.
what was question 1.2? I know that part of it was to do a report to the MD regarding absorption costing was the rest about how much each thing cost
In which case I sort of recall materials being £3
energy variable at .05p and fixed at £50000, others production variable @ .10p and fixed at 400,000
for the Total Production cost for the 1m units I think I got 3.85
and for the total production cost for the 1.2 m units I think it was 3.73 or 3.53 something odd
I cannot remember what the questions were at all of the second section
was it
2.1 Calculate loads of variances
2.1 b explain what they all mean and give one example of what causes them
2.1 c Do a cost card for 1000 units think it was approx £370cant remember
2.2 I think this was to calculate various ratios and prices but I cant remember any except RONA, Net profit, Gross Profit and the two stock turnovers. didnt calcualte the stock things just wrote formulas down and the values.
Think I got about 38% for gross Profit and aprrox 3% for net profit
what else was there price per unit was that there
2.3
started to do the new budget got something like 50,600,000 for the total costs made up of 9100000 in labour (13mX.70p) materials 39000000 and overheads at 2.5 million. Sales were £8,060,000 I think
Didnt calculate the new ratios ie the new ROCN and NEt Profit margin.
did it ask for anything else on the last question
ooooooooo0 -
i am not worried about numbers this time around i have shown proper workings this time thats what they want because last time i got 4 exc in my MAC exam but on last question i thrown in just the numbers and the review i got from aat was to because of lack of workings we dont give credit for the numbers only . if the answer is correct without working we will give credit but if answer is wrong without working most likely will get a zero0
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I got 14400 kg for the production in January after wastage
so then the materails were 14400 * £1.7 for the cost
machine hours
Jan - 87.5 feb = 120 and March 155 so not over the 160 hours max
labour hours Jan = 1220, feb = 1200, March = 1550 of which 350 hours were paid at overtime. I assumed that regardless of production they had to work the 1200 hours in total.
what was question 1.2? I know that part of it was to do a report to the MD regarding absorption costing was the rest about how much each thing cost
In which case I sort of recall materials being £3
energy variable at .05p and fixed at £50000, others production variable @ .10p and fixed at 400,000
for the Total Production cost for the 1m units I think I got 3.85
and for the total production cost for the 1.2 m units I think it was 3.73 or 3.53 something odd
I cannot remember what the questions were at all of the second section
was it
2.1 Calculate loads of variances
2.1 b explain what they all mean and give one example of what causes them
2.1 c Do a cost card for 1000 units think it was approx £370cant remember
2.2 I think this was to calculate various ratios and prices but I cant remember any except RONA, Net profit, Gross Profit and the two stock turnovers. didnt calcualte the stock things just wrote formulas down and the values.
Think I got about 38% for gross Profit and aprrox 3% for net profit
what else was there price per unit was that there
2.3
started to do the new budget got something like 50,600,000 for the total costs made up of 9100000 in labour (13mX.70p) materials 39000000 and overheads at 2.5 million. Sales were £8,060,000 I think
Didnt calculate the new ratios ie the new ROCN and NEt Profit margin.
did it ask for anything else on the last question
ooooooooo
That sounds so much like my exam figures!!!!:)0 -
Not getting to sit BTC tomorrow either as the College is shut again!
All these months of studying wasted for another six months: :mad:
Why is the college shut?
How awful its really unfair I think its really not on, I did mine in Dec just in case so I have another chance thats not at all fair. What do the AAT say about that.
Are they doing a paper based for MAC? On the revision course there were people who were doing a paper based exam which really confused me as I thought under the new standard MAC was effectively replaced by two exams.
We are due snow here on wednesday so I dont kow what happens if you cant get to the exam due to weather conditions.0 -
Hated the budget question as seemed straightforward but I kept looking at it afterwards and couldnt get my head around it in its entirety and just got more confused!!
The machines made 120 Good KGs from 160 Hrs and that totalled 19200 KGs that could be produced in any month which led me down the road to a limiting factor equation....God knows what I ended up with after that!!! ha ha
2.3 new ratios went for NPM 18.93% £1.6mil/£8,45mil x100 RONA £1.6mil/£5mil = 32%0 -
Help! Stressed now, I knew I had done something wrong in the first question, when my Machine hours for Jan and March came out as recurring decimals, something.6666666666 :-(
Thing is I did it like this:
Demand, less opening stock, add closing stock, then add wastage = total kg figure. Divide that by 120 to get machine hours. SO how on January did i get something like 166.6666666 hours, and march I got 200-and-something.66666666! Clearly I have f***ed up, but can't see where..?! Anyone any idea? Anyone remember the numbers used in the question..?
I hope that doesn't fail me
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umerali2003 wrote: »task 2.1 variances
583 CANT REMEMBER IT WAS FAV OR ADV
428.75 A
900 F
250 A
2000 A
275 VOLUME RATIO
omg i got the same answers hopefully this is a good sign.0 -
How did people work on the machine hours - i dont know if this was right but the last month i capped as there was only so many machine hours avaliable ?
Also the last question i think i fumbled the last ratios.
Overall i think this paper was better for me and didnt sob after (which was a good sign) and had a go at everything.0 -
martin2345uk wrote: »Help! Stressed now, I knew I had done something wrong in the first question, when my Machine hours for Jan and March came out as recurring decimals, something.6666666666
Thing is I did it like this:
Demand, less opening stock, add closing stock, then add wastage = total kg figure. Divide that by 120 to get machine hours. SO how on January did i get something like 166.6666666 hours, and march I got 200-and-something.66666666! Clearly I have f***ed up, but can't see where..?! Anyone any idea? Anyone remember the numbers used in the question..?
I hope that doesn't fail me
EDIT I remember that my gross production for March came out at 24,800kg!!! Could it be that I added opening stock and deducted closing stock by mistake? Does that make 24,800kg? I'm sad! 0 -
Plus i would like to add a big thankyou to the college for deciding to have work men in the room oppersite banging hammering shouting and drilling also the several times people knocked on the door (twice playing knocky 9 door)0
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i wasnt sure wether to use 120 or 160. think i used 120. oops0
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I had something like 10500 for Jan 14400 Kg for feb and 18600 for March and it said it gets 120 good kg per hour I think
so I divided 10500/120 14400/120 and 138000/120 to get the machine hours required
So I had 87.5 machine hours for jan, 120 for Feb and 155 for march. I did highlight the 160 hours but as mine all seemed to work out quite well it seemed fine
So as it then takes 10 men to man the machines a month so I multipled each machine hours by 10 to get the total labour hours required. Each man works 120 hours so there are 1200 labour hours availabalbe (120 X10)which covers us for Jan and Feb, and thatswhat they work whatever the production. so labour budget was 1200 hours for Jan and feb at a cost of 1200 hours X £10 = £12000 for each month. In march we go over the 1200 hours available so are into overtime which is paid at time and a half so £15 per hour so in march we have an additional 350 hours to work so an additional £5250
I am amazed I can remember this question bizarrely as I cant remember anything else
It was so easy I did totally question myself so probably got it totally wrong
lol
ah well DFS on wednesday0 -
I had something like 10500 for Jan 14400 Kg for feb and 18600 for March and it said it gets 120 good kg per hour I think
so I divided 10500/120 14400/120 and 138000/120 to get the machine hours required
So I had 87.5 machine hours for jan, 120 for Feb and 155 for march. I did highlight the 160 hours but as mine all seemed to work out quite well it seemed fine
So as it then takes 10 men to man the machines a month so I multipled each machine hours by 10 to get the total labour hours required. Each man works 120 hours so there are 1200 labour hours availabalbe (120 X10)which covers us for Jan and Feb, and thatswhat they work whatever the production. so labour budget was 1200 hours for Jan and feb at a cost of 1200 hours X £10 = £12000 for each month. In march we go over the 1200 hours available so are into overtime which is paid at time and a half so £15 per hour so in march we have an additional 350 hours to work so an additional £5250
I am amazed I can remember this question bizarrely as I cant remember anything else
It was so easy I did totally question myself so probably got it totally wrong
lol
ah well DFS on wednesday
same here
I think they did it to check if we could realise that there was a GOOD production and bad loss
also the machine hours and labour hours machine hours was a max of 160 which means that could be used if necessary but no needed in my figures
and labour i did the same which in march gave me overtime
variances oh well i remember by more or less the numbers given so i hope i can get them right but i cant remember the toffee kg actual and the cost
Units
80000
85000
Milk Chocolate--- 5720 Kg
£8,580.00
5720 Kg
£8,580.00
Tofee --- 4680 Kg
£2,340.00
?
?
Direct Labour--- 400 hours
£4,000.00
450 hours
£3,600.00
fixed overheads
£4,400.00
£6,400.00
Total Cost
£19,320.00
£18,580.00
DFS on Wed too good luck!0 -
same here
I think they did it to check if we could realise that there was a GOOD production and bad loss
also the machine hours and labour hours machine hours was a max of 160 which means that could be used if necessary but no needed in my figures
and labour i did the same which in march gave me overtime
variances oh well i remember by more or less the numbers given so i hope i can get them right but i cant remember the toffee kg actual and the cost
Units
80000
85000
Milk Chocolate--- 5720 Kg
£8,580.00
5720 Kg
£8,580.00
Tofee --- 4680 Kg
£2,340.00
?
?
Direct Labour--- 400 hours
£4,000.00
450 hours
£3,600.00
fixed overheads
£4,400.00
£6,400.00
Total Cost
£19,320.00
£18,580.00
DFS on Wed too good luck!
how the heck can you remember all that its all a blur now and really starting to doubt myself am off i tried extreamly hard had a go at everything and showed my workings still pleased pass or fail 0 -
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