Budgeting CBA exam

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Abbie28
Abbie28 Registered Posts: 42 Regular contributor ⭐
in AAT Level 4 (Level 8 in Scotland)
Hello can anyone explain how they calculated 1.6a?

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  • emma89
    emma89 Registered Posts: 27 Regular contributor ⭐
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    is it the question where you have to complete the analysis of the raw mat and quality control etc?
  • Abbie28
    Abbie28 Registered Posts: 42 Regular contributor ⭐
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    yes i think thats the one.
  • Abbie28
    Abbie28 Registered Posts: 42 Regular contributor ⭐
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    yes thats the one i tried repling but this silly laptop is messing about i worked out most of it only 3rd answer i got lost.... where how many units you can make dependant on the supllier ...?

    also 1.2f the materials..... blimey i have no idea.... :( then completing the operating statemnbet is another thing especially if i am getting it right...
  • emma89
    emma89 Registered Posts: 27 Regular contributor ⭐
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    Well ill tell you what i got, but to be honest i don't know if im right! I'm not to good at explaining things either!

    52500 units in normal time therefore 2500 hours of overtime needed. i worked it out by

    60000 units x 20mins / 60 mins = 20000 hours needed

    10 staff x 1750 hours a yr = 17500 normal hours

    200000-17500 = 2500 overtime

    17500 x 60 /20 = 52500

    Am i on the right question???????
  • emma89
    emma89 Registered Posts: 27 Regular contributor ⭐
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    60000 x 2.5kg =150000
    can only get 100000kg from supplier so need an extra 50000 from open market

    100000kg from supplier /2.5kg needed = 40000 can be produced

    quality control can test 4200units a month x 12 to get a year = 50400

    60000 made - 50400 available to be tested = 9600 units need alternative arrangements.
  • Abbie28
    Abbie28 Registered Posts: 42 Regular contributor ⭐
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    yerp thats right from your figures so then how to do work out that part the answer the raw material contract will provide enough material to make .......... units ? :)
  • emma89
    emma89 Registered Posts: 27 Regular contributor ⭐
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    Please can you type in the production budget for 1.2f because my papers are all mixed up so just want to check im looking at the correct one!
  • Abbie28
    Abbie28 Registered Posts: 42 Regular contributor ⭐
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    thank you didnt realised you posted before me sorry thank you
  • Abbie28
    Abbie28 Registered Posts: 42 Regular contributor ⭐
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    ok

    sorry it 1.3 online

    info given
    opening stock 4000
    production 30000
    subtotal 34000
    sales 29000
    closing stock 5000

    now table you have to work out is

    materials kg £
    purchase 2100 2000
    subtotal 15500 27125
    used in production ? ?
    closing ? ?

    each unit produced uses 0.55 kg of material.

    closing stock will be valued at the budgeted purchase price.

    :)
  • emma89
    emma89 Registered Posts: 27 Regular contributor ⭐
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    I have a different paper but ill try!

    production 30000 x 0.55kg = 16500 used in production kg
    27125 /15500 = £1.75 per unit x 16500units = £28875
  • Abbie28
    Abbie28 Registered Posts: 42 Regular contributor ⭐
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    thank you ow right sorry for confusion didnt realise they did different papers, thank you yes i get it wooooooooo! :D thank you....
  • emma89
    emma89 Registered Posts: 27 Regular contributor ⭐
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    Then minus from your subtotal (online its 17600) from your production (16500)= 1100

    The budgeted purchase price is purchase £ / Purchase kg.

    I think you may have missed some figures out on your production budget
  • emma89
    emma89 Registered Posts: 27 Regular contributor ⭐
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    Whens your exam?
  • Abbie28
    Abbie28 Registered Posts: 42 Regular contributor ⭐
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    Thank you i might have.... im just so nervous im like forgettting everything ive learnt

    tommorrow yours ....?
  • emma89
    emma89 Registered Posts: 27 Regular contributor ⭐
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    Budgeting Wednesday and Financial performance tomorrow. Let me know how your budgeting went you may be able to calm me down haha
  • Abbie28
    Abbie28 Registered Posts: 42 Regular contributor ⭐
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    haha ill try.... well ill let you know how it went and hopefully you reassure you all well.... youll have to let me know how your other exam goes... Goodluck.... :D Thank you for your help
  • emma89
    emma89 Registered Posts: 27 Regular contributor ⭐
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    Goodluck
  • Abbie28
    Abbie28 Registered Posts: 42 Regular contributor ⭐
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    good luck today... i got to wait another week to wait

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