How was answer reached ECR?

System
System Posts: 100,534 🤖 Admin 🤖
edited 10:31AM in AAT student discussion
Hi anyone

I have been practising past exam papers for ECR,I am curious how the answer was reached in task 1.6(a)in the June 04 exam paper for the materials amount of £12,450. How was this figure reach, I just can't work it out Please can anyone help, would be grateful.
How are people finding ECR in general does it make any sense? I thought it was Ok until Marginal & absorbtion profit statements which vary from book to book, each time I thinkI have grapsed it, it changes.Each time I learn a new chapter, I forget the previous one, how am I going to remember anything in the exam?

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:How was answer reached ECR?

    Hi
    Sorry cannot help with initial problem of past exam paper, not looked at that one. Just wanted to say you are not alone when it comes to ECR, I am one of many in our class at college that finds this unit hard to take in, and quite a few have dropped this unit until Dec. I have similar problem with retaining work given, and I am struggling to get interested at all. I have spoken to tutor about deferring until Dec, got to think about it over hols but in the meantime had loads of homework given.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:How was answer reached ECR?
    in task 1.6(a)in the June 04 exam paper for the materials amount of £12,450. How was this figure reach
    You can find it in your answer for Task 1.1. The amount is calculated using the weighted average stock costing method.
    On the 2nd May the stock balance was:
    8000 units X £2.05/unit=£16400
    3rd May - Issue to production of
    4000 units X £2.05/unit=£8200
    Stock balance
    4000 units X 2.05/unit =£8200
    19th May - Receipt of
    4000 units X £2.20/unit=£8800
    Stock balance
    8000 units X£2.125/unit=£17000
    20th May - Issue to production of
    2000 units X £2.125/unit=£4250
    Add the two issues to production to get the figure you're looking for:
    £8200 on the 3rd, and £4250 on the 20th
    Tha
    Tom
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:How was answer reached ECR?

    Thats great, thank you for your help.
    I would never have worked that out in a million years, no chance for exam!
    CB
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:How was answer reached ECR?

    Hi Yvonne
    Have you tried working on the past exam papers for ECR?

    Some of it becomes more clearer when you work on them, nothing like the books.
    Good Luck
    CB
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:How was answer reached ECR?

    Hi CB
    No, not done any past papers on ECR. I suppose I should get started over the Easter hols, thanks for the tip I will download papers. May be back in touch if(when)!!! I get stuck.

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