FPFM knowledge test forecasting costs help!!
Jlou90
Registered Posts: 1 New contributor 🐸
I need some help on one of bpps knowledge tests  this is the question:
I tried to find the difference between the 3 and it was £105.60  but it isnt the correct answer and was wondering if anyone could help please?
This is what i tried to do:
difference
apr x4
1345.92
may x4
1451.52
105.60
june x4
1557.12
105.60
july x4
1662.72
105.60
aug x4
1768.32
105.60
sep x4
1873.92
105.60
oct x4
1979.52
105.60
nov x4
2085.12
105.60
dec x4
2190.72
105.60
Could someone please tell me what i'm supposed to be doing? thanks
Savvas uses product IA53 and has collected data from the last few months in order to forecast the cost per kg of IA53 in the next period.
April X4
May X4
June X4
Cost per kg of IA53 (£)
1345.92
1451.52
1557.12
Complete the table below to forecast the expected price of product IA54 in September and December X4.
September
December
Cost per kg of IA53 £
The correct answer is:
September
December
Cost per kg of IA53 £
1981.92
2265.12
I tried to find the difference between the 3 and it was £105.60  but it isnt the correct answer and was wondering if anyone could help please?
This is what i tried to do:
difference
apr x4
1345.92
may x4
1451.52
105.60
june x4
1557.12
105.60
july x4
1662.72
105.60
aug x4
1768.32
105.60
sep x4
1873.92
105.60
oct x4
1979.52
105.60
nov x4
2085.12
105.60
dec x4
2190.72
105.60
Could someone please tell me what i'm supposed to be doing? thanks
Savvas uses product IA53 and has collected data from the last few months in order to forecast the cost per kg of IA53 in the next period.
April X4
May X4
June X4
Cost per kg of IA53 (£)
1345.92
1451.52
1557.12
Complete the table below to forecast the expected price of product IA54 in September and December X4.
September
December
Cost per kg of IA53 £
The correct answer is:
September
December
Cost per kg of IA53 £
1981.92
2265.12
0
Comments

Have you checked the BPP website to make sure that they haven't issued an amendment to either the question or answer (they update these as printing errors are discovered)? If that is the exact question you have copied then I would agree that the cost appears to increase by £105.60 every month hence I would agree with your answers. Unless I'm missing something really obvious?? I'm assuming the reference to IA54 is an error as you've typed IA53 everywhere else?0
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