ECR Exam

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    ECR Exam

    How did you work out the direct labour?
  • System
    System Posts: 100,534 🤖 Admin 🤖
    ECR Exam

    basic wage is 7.00 per hour<BR><BR>Total hours 10,500<BR>time + half ,1500<BR>double 1000<BR><BR>Total basic hours of 10,500x£7.00<BR>overtime premium of +half = £3.50 x 1,500<BR>overtime premium of double =£7.00x 1000<BR>=£85,750
  • System
    System Posts: 100,534 🤖 Admin 🤖
    ECR Exam

    petrol monkey lets pray you have got them right. incidently how do they mark the papers? do you still get marks for your workings? as on npv i rounded down/up for each year so my answer came out at 118000 neg, instead of the exact figure of 116000something
  • System
    System Posts: 100,534 🤖 Admin 🤖
    ECR Exam

    i think i got the total basic hours incorrect but got the premium costs correct, do you reckon i'll get any marks for that? Rest of exam went ok apart from the commercial reasons at the end. hopefully with just a few dropped marks here and there that i should be allright??
  • System
    System Posts: 100,534 🤖 Admin 🤖
    ECR Exam

    Have to admit you have a great memory, I was wondering what you put down for the under recovery of fixed assets question.<BR><BR>Just the simulatio to do now!<BR><BR>cheers
  • System
    System Posts: 100,534 🤖 Admin 🤖
    ECR Exam

    now this is the bit I am confused on beleive it or not. I thought the question said to explain how under absorption would be treated and not there was no working out of an under or over absorption figure.<BR><BR>I put down that if your actual overheads incurred exceeded the actual overheads absorbed then this would cause an under recovered and would be charge to the profit and loss. Showed a journal as well. Debit PL and credit fixed overheads account.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    ECR Exam

    got mixed up between total contribution & unit contribution. I got lost when kept mentioning units & £.<BR>Out of curiousity what is sales volume (is it the same as sales revenue)?

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