# Need some help asap!!!!!

Options
Registered Posts: 422
Hi everyone,

I need some help on an osborne practise paper question.

Ukia Limited uses target costing when developing new products.
A new product is being considered which has the following cost and revenue information.

Sales - the demand is expected to average 8,000 units per month, at a selling price of £12.00 per
unit.
Materials - the product requires 0.5 kg of material U for each unit.
Labour - each unit requires 12 minutes of labour at £18 per hour.
Overheads - the product would be manufactured in a separate factory, with total fixed production
Profit - the gross margin required is at least 25%

Complete the following table, showing all amounts to 2 decimal places.

Maximum production cost per unit £ I got 9.00, i worked it out by doing 12*0.75
Build up of maximum production cost per unit:
Materials £ i think its 3.40. I worked this out by doing 0.5*0.75 then*9=3.37 rounded to 3.4
Labour £ 3.60 by doing 12/60*18=3.60
Overheads £ 2.00 is it just 16000/8000=2

Maximum cost per kilo for material U £ ????

Can anybody please help me to find the maximum cost per kilo, i have my exam in like 5 hours
and i'm starting to panic.
AAT

Level 2 - 2010
Level 3 - 2011
Level 4 - 2013

ACCA

F4 - 2015
F5 - 2015

• Registered Posts: 422
Options
oh wait i think it's just 9*0.75=6.75 rounded to 6.8

Am i doing this question correct, or is it just a coincidence that i'm getting the correct answer.
Can anyone help, 3 hours until FP exam!!!!!!!
AAT

Level 2 - 2010
Level 3 - 2011
Level 4 - 2013

ACCA

F4 - 2015
F5 - 2015
• Registered Posts: 2,525 Beyond epic contributor 🧙‍♂️
Options
Hello Aaron

JC
~ An investment in knowledge always pays the best interest ~
Benjamin Franklin
• Registered Posts: 422
Options
Hi Jo,

The exam went fine, mostly variances ad/fav and of course the 2 writing tasks.

Last exam for me personal tax on the 25th of July :001_smile:

Have you finished all your exams?
AAT

Level 2 - 2010
Level 3 - 2011
Level 4 - 2013

ACCA

F4 - 2015
F5 - 2015
• Registered Posts: 2,525 Beyond epic contributor 🧙‍♂️
Options
Hello Aaron

Pleased to here it was fine.

Yes, I have sat all my exams, waiting on the last result and I'm not tempted (yet) to look at MyAAT.

Have you completed ICAS?

Good luck with PTX!

JC
~ An investment in knowledge always pays the best interest ~
Benjamin Franklin
• Registered Posts: 422
Options
All the best with your last result.

My 1st submission of ICAS was the deadline of the 29th of june, so i have to wait 5-6 weeks probably for any news.
For ICAS i did Cookridge Carpets, one of the scenario assessments.

Have you completed ICAS yet?
AAT

Level 2 - 2010
Level 3 - 2011
Level 4 - 2013

ACCA

F4 - 2015
F5 - 2015
• Registered Posts: 2,525 Beyond epic contributor 🧙‍♂️
Options
I'm doing it now... inbetween visits to the forum!
~ An investment in knowledge always pays the best interest ~
Benjamin Franklin
• Registered Posts: 422
Options
:thumbup1:
AAT

Level 2 - 2010
Level 3 - 2011
Level 4 - 2013

ACCA

F4 - 2015
F5 - 2015
• Registered Posts: 283 Dedicated contributor 🦉
Options
Which exam was it you just took?
Level 2 - Passed 2011
Level 3 - Passed 2012
Level 4 - Passed 2014

Awaiting to start CIMA
• Registered Posts: 422
Options
Financial Performance, one of the hardest exams of level 4 in my opinion.
AAT

Level 2 - 2010
Level 3 - 2011
Level 4 - 2013

ACCA

F4 - 2015
F5 - 2015
• Registered Posts: 283 Dedicated contributor 🦉
Options
Eeeak!! I am doing budgeting at the moment
Level 2 - Passed 2011
Level 3 - Passed 2012
Level 4 - Passed 2014

Awaiting to start CIMA
• Registered Posts: 422
Options
budgeting is not too bad, my cbt exam was mostly the same as the cba. Keep practising the cbas and you should be fine :thumbup1:

Also have you tried revising from osborne?
AAT

Level 2 - 2010
Level 3 - 2011
Level 4 - 2013

ACCA

F4 - 2015
F5 - 2015
• Registered Posts: 283 Dedicated contributor 🦉
Options
Thank you! :-) sooo nervous as its my first Level 4 exam!!

No I haven't tried the osbourne yet!
Level 2 - Passed 2011
Level 3 - Passed 2012
Level 4 - Passed 2014

Awaiting to start CIMA
• Registered Posts: 422
Options
If you go onto www.osbornebooks.co.uk/elearning, there is 2 practise assessments for each topic of
aat level 4.

Have a look at the practise assessments for budgeting, may help for your cba budgeting exam.

Goodluck with your first exam :001_smile:
AAT

Level 2 - 2010
Level 3 - 2011
Level 4 - 2013

ACCA

F4 - 2015
F5 - 2015
• Registered Posts: 283 Dedicated contributor 🦉
Options
Thank you :-) I am sure the 6 week wait will kill me!
Level 2 - Passed 2011
Level 3 - Passed 2012
Level 4 - Passed 2014

Awaiting to start CIMA