AAT Sample Assessment
emanneh
Registered Posts: 20 New contributor 🐸
Please can someone assist me in solving task 4 and task 5 e
0
Comments

Would you mind posting the questions? I don't have access to the study resources anymore because I do not have a student membership.MAAT AATQB0

Question
A business's production costs vary linearly according to the regression equation y=a+bx,
where x = production volume. Total production costs of 200 units and 2,000 units are £5,000 and £14,000 respectively.
Calculate the values of a and b.
Value of a 
Value of b 0 
First you lay out the two equations. Y should be the total production costs.
£5,000 = a + (200 x b)
Then subtract the two equations.
£14,000 = a + (2,000 x b)£14,000  £5,000 = (a + (2,000 x b))  (a + (200 x b))
Therefore b = £9,000 / 1,800 = 5.
= a + (2,000 x b)  a  (200 x b)
£9,000 = 1,800 x b
Substituting b = 5 into either of the equations can be used to find b.£14,000 = a + (2,000 x 5)
a = £14,000  £10,000
a = £4,000MAAT AATQB1 
Well explained mindthatgaap. Couldn't be any simpler than that I think.0

Thank you so much, you are star.0

Sample Assessment
Task 4
The following budgeted figures refer to a factory producing a single product. Overheads are absorbed on a budgeted production basis.
Inventory is valued on a FIFO basis.
Month 1 Month 2 Month 3
Operating inventory (units) 0  
Selling price (£) 110 100 90
Production (units) 10,000 10,000 10,000
Sales (units) 8,000 9,000 11,000
Direct materials (£ per unit) 15 15 15
Direct labour (£ per unit) 10 10 10
Other variable prod cost (£) 230,000 230,000 230,000
Fixed prod cost (£) 450,000 450,000 450,000
Complete the table below. If any answer is zero, enter 'o' into the relevant cell
For the sales to fixed overheads rows, use positive numbers only (do not use minus signs).
For the final row, record any loss figure with a minus sign.0
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