pev June 2005-sandyhood

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edited June 18 in AAT student discussion
sandy, can you please explain how they calculate the backward varies in that section. thanks much

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    pev June 2005-sandyhood

    Just to remind you, this is task 1.2<BR><BR>January 200,000kgs purchased £4,000 Favourable (F) Variance<BR>February 250,000kgs purchased £10,000 Favourable (F) Variance<BR>March 280,000kgs purchased £11,200 Favourable (F) Variance<BR>April 300,000kgs purchased £18,000 Favourable (F) Variance<BR><BR><BR>We also know that the standard cost per kg of material is £2.00 per kg<BR><BR>You already know that the material price variance is the difference between the standard cost of what we bought and how much we paid.<BR><BR>In Jan the standard cost is 200,000 x £2.00 = £400,000<BR>as the variance is £4,000 favourable we must have paid less than the standard cost<BR>= £396,000 for the 200,000 kgs we bought<BR>The actual cost per kg = £1.98<BR><BR>Is that enough for you to do the others on your own?<BR><BR>I will include this on the PEV revision days<BR><BR>Sandy
  • System
    System Posts: 100,534 🤖 Admin 🤖
    pev June 2005-sandyhood

    thanks much sandy, the thing about it though i am not living in England to come to your revision classes. can you email me what to look out for in the decmber exam. junie_mm@yahoo.com
  • System
    System Posts: 100,534 🤖 Admin 🤖
    pev June 2005-sandyhood

    Do you do revision courses if so can you please send me some details i live in kent.<BR>Charliejayne71@hotmail.com<BR><BR>many thanks
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:pev June 2005-sandyhood

    CharleyJane
    My next PEV day is likely to be Sun Nov 20 near Croydon
    there are details on the revision courses forum
    http://www.aat.co.uk/forums/?portlet_action=true&action_wid=2451&rp_2451_requestURI=/posts/list/9008
    or email me at
    sandy.hood@chichester.ac.uk

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