Financial performance round 2!

aaron0121

You got the same question as well! How did you find the exam Sammy?
LOL in section 2.4 I got the sales volume figure for x1 as 1111111, I was gonna write as you can see the company must
like the number 1. But then I opted not to

Spamkebab

You know your problem Samantha?

You never shut up lol.

I hope you pass it, you've worked hard enough for it. Fingers crossed, just got that miserable wait now.

Sammmy88

Haha I know!! Got the last word in!! :-p I hope so!! But I am not keeping my hopes up!!

I managed to get £55 for X1 and £38 for X2 for the selling price. I thought it wasn't as bad as my first exam but can see a retake coming haha!!

Morpheus1980

I got the same exam too! As soon as I saw the grade 1 and grade 2 staff question, I rolled my eyes and cursed my luck!

Didn't go too badly, think I did enough but with 15 minutes to spare at the end, just thought that I couldn't do any more. The last question was a bit of a killer and didn't answer it to the best of my abilities, but gave it a shot. So pleased to get it over and done with though, I can now enjoy Christmas.

And I hope everyone else enjoys Christmas too. Well done for all those that have taken FNPF over the past week!

Sammmy88

Yes happy Xmas everyone!! And we can all agonise the wait together!!!! :-)

Morpheus1980

How did your variance questions go, Sammy? Did you manage to get the hang of them in the end?

azzy

Hi Everyone,

I had the same written questions in Task 1.6 & 2.4, it was hard for me not sure if this will be a pass:001_unsure:.

i found the variance questions ok , not sure on the trend one:ohmy:.

Glad to hear we are all in the same boat....... LOL.

Have a nice xams and new year. :001_smile:

azzy

Sammmy88

Variance ones weren't too bad :-) fingers crossed!!!

Priti

hi everyone

omg after reading everyone's comments i am getting a bit nervous about my financial performance exam in Jan

Claire1705

Financial Performance first attempt for me tomorrow but after reading so much about it and doing worst on Budgeting with the written parts (even though I passed) I am worried these parts may let me down especially if I get some awful questions in the other sections it may mean a fail!

salih

Financial performance practice paper 4 HELP

NEED HELP SOMEONE HELP ME PLEASE on the 4th practice paper on the aat website on section 1.5 b) complete the table below so show underlying cost and the forecast cost for each month october to december and queston c aswell.

Please can someone help how to solve these quesiton it would help alot i'll be awaiting on here because i can't seem to find anything like this in the book or study support section. Thank you

Nps

Without further information about the underlying cost, you will need to follow the pattern shown in the given figures. In this case it appears that the underlying cost increases by £20 per kg each month. You then just add or subtract the seasonal variation as shown.

Nps

Sorry, you asked about part c too.

Present cost divided by initial cost x 100 will give you the cost index (90/50*100=180)

Cost per unit has increased by 80%. Increase is from 50 to 90 which is an increase of 40. 40 as a percentage of the original cost of 50 is 80%

The formula for compound interest is
Initial cost x (1+compound interest rate)^number of periods
So substituting the figures we know it becomes
50*(1+?)^6=90
You then just move it all around to get the value of ? (though this will be in decimal form so multiply by 100 to get the actual percentage.

Sorry, I would show you what the final formula for ?= is but I need a square root button which I can't find on my ipad keyboard! If you struggle with the calculation just reply and I will try to write it out in words (unless someone else can type it out).

Sorry, I haven't explained it very well but I'm trying to do three things at once!

salih

are you looking at the CBT4 paper for financial performance because it doesn't show that if so can you show me the fomourla you using for b)

salih

sorry never mind i see it lol

salih

how do you get the 10.29%

Nps

Am now on a computer with all the keys I need to explain it.

Following on from the formula I gave in my last reply......

50*(1+?)^6=90
90/50 = (1+?)^6
1.8=(1+?)^6
6√1.8=1+?
1.1029=1+?
1.1029-1=?
?=0.1029 (or 10.29%)

Have just noticed that the 6 before the square root in line four of the calculation hasn't copied and pasted right. It should be in superscript. It should be root 6 not multiply by 6.

salih

thank you so much

salih

Also can you help me with the same paper but question 1.2 direct material usage i know the formula for this but evertime i do it on this one im getting a different answer

SandyHood

Direct material usage.

Think about the reality, so you get a picture in your mind before numbers get anywhere near your answer.
I often use domestic cooking.
Imagine you are making sandwiches (lots of material but we'll just think of bread)
One sandwich needs 2 slices of bread, each loaf has 20 slices and costs £1.00 or £0.05 per slce

The standard cost (in bread) of one sandwhich is 2 x £0.05 = £0.10

200 sandwiches are made (we don't need to know the real cost of the bread - that is part of the direct material price variance) but we used 21 loaves (420 slices)

The standard cost of our output of 200 sandwiches is:
200 x 2 slices per sandwich = 400 slices x £0.05 per slice = £20.00

The standard cost of the bread input into making the sandwiches is:
420 slices x £0.05 per slice = £21.00

So we have an adverse usage variance we ought to need 400 slices, we actually used 20 more than that, so we have a £1.00 adverse variance.

Any help?

salih

thats what im doing but it comes out the wrong answer lol ill try again it might be an error because the other practice paper is fine just that one also when you say ^ do you mean divide?. Having trouble understanding the formula and using it on the question for pratice paper 4 1.5 c) and how do you work out the question on 2.2 for maximum material cost per unit

salih

how the hell do you do a b and c?

SandyHood

Dear salih

Judging from your questions, you do not understand the FNPF standards.
Why attempt the practice exams before you understand the standards?
These practice exams are tremendous as a help for exam candidates to put their knowledge to the test.
I recommend that you go back to your studies, when you have the knowledge and understanding, then attempt the practice papers.

jane

The suspense is killing me very slowly now!!!! I just want to be put out of my misery

aaron0121

I reckon monday is the day we get our results

Nerves are starting to kick in!!

Sammmy88

Eeeks!!! Although I know it's going to be a fail..

Sammmy88

Anyone had there FNPF results yet??? Still waiting for mine!!

Morpheus1980

Yes, I've just got my results for FNPF, which I took on 21 December. Passed!

Sammmy88

Well done! Still waiting for mine... perhaps they update alphabetically...

aaron0121

Congratulations Morpheus

I doubt they update alphabetically as I should be top of the list then