PCR - wasn't too bad

135

Comments

  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PCR - wasn't too bad
    GillG wrote:
    I'm with Ashy..... sure it said in period 7 that three employees were unavailable due to sickness and that overtime was limited to 80 per employee per period.
    Suggested agency staff - besides, you can't just sack three employees for being sick!!! :shock:

    no, gilly dear, but you can make 3 people redundant

    i think the phrase i used is "reduce levels of staff"
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PCR - wasn't too bad

    If it never said that staff were sick all period 7. do you think i would get an marks for carrying why working through ?
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PCR - wasn't too bad

    [quote=michelleAAT

    sack 3 people....[/quote]


  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PCR - wasn't too bad
    5-times wrote:
    If it never said that staff were sick all period 7. do you think i would get an marks for carrying why working through ?

    I am sure it did say they were sick all period 7
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PCR - wasn't too bad

    :roll:
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PCR - wasn't too bad

    ok if it did say that the staff were sick al period would i have done this correct ?
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PCR - wasn't too bad

    It said that due to sickness production staff numbers would be reduced by three. I took this as there would be three less production staff and therefore 3x35x5 less basic house for ALL production not just the extra order. surely if there are three less staff that counts for all production not just the extra
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PCR - wasn't too bad

    Totally agree i am getting a bit more confident the more people i listen to.
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PCR - wasn't too bad

    I did actually start to try to work out if you would be able to up production in period 6 in order to carry more stock forward....

    Due to not having any contribution available, didn't manage to work out how to utilise the extra 30 hours that were available if the remaining 17 staff worked all the overtime they were allowed (couldn't work out contribution per labour hour), therefore only re-wrote the production budget with the amount of units that would need to be produced with the opening and closing stock remaining the same whilst forecast sales had increased.

    Yes, I did recalculate how many kgs would be needed if the production level required for the increased sales forecast could be reached. Also, how much would be passed to production overheads due to overtime working. :wink:
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PCR - wasn't too bad

    I totally agree with ashy that what all my class got too
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PCR - wasn't too bad

    That is what i did.
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PCR - wasn't too bad

    I am also with Ashy that it related to the period that 1.1 was set on and then you had to relook at the labour hours because they knew 3 people would be off sick and a new order had come in.

    It is nice that it all over though.
    Eva
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PCR - wasn't too bad

    Me too. I got the exact same figures as Ashy. Shortfall of 320 labour hours.
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PCR - wasn't too bad

    I agree with Ashly and 5-times there is a limiting factor due to labour.

    Also agree with Gill, you cannot just sack 3 people! My 2 recommendations were to hire additional agency staff and to work an extra day i.e 6 days a week rather than 5.

    Likewise with the rest of you, this paper was fairly straight forward... only thing that concerns me is that everyone thinks this and therefore there is going to be a higher pass rate :shock:

    Regards

    Dean
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PCR - wasn't too bad

    I am so pleased it wasn't just me who could not get my head around THAT question.

    It said 3 people sick for all of period seven. and I know this because originally i didn't get any limitations at all. So i went back and re did the questions because of the next questions that said (and I am pretty sure) make recommendations on how you would reach required production levels or something to that effect. Therefore leading me to believe there has to be a limitation. so i recalculated the whole period with 17 people. God knows what was right or not - but what I will say from the response to that question - It was very badly written. That or we should all stop studying accounts now.

    Could anyone who knew what they were doing please tell me how the budget should have correctly been amended cause that really threw me. I was then looking for a selling price to get contribution and limiting factor etc.

    Sorry to ramble but 5 exams in 5 days has finally lead me to believe I am having a nervous breakdown.
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PCR - wasn't too bad

    The question definitely said that there were now only 17 staff and not 20 for the period. I agree with Ash. I suggested that they sub contract the additional work out and our production budget would remain unchanged. Not sure if this was correct but it definitely was a strange one!
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PCR - wasn't too bad
    GillG wrote:
    I did actually start to try to work out if you would be able to up production in period 6 in order to carry more stock forward....

    Due to not having any contribution available, didn't manage to work out how to utilise the extra 30 hours that were available if the remaining 17 staff worked all the overtime they were allowed (couldn't work out contribution per labour hour), therefore only re-wrote the production budget with the amount of units that would need to be produced with the opening and closing stock remaining the same whilst forecast sales had increased.

    Yes, I did recalculate how many kgs would be needed if the production level required for the increased sales forecast could be reached. Also, how much would be passed to production overheads due to overtime working. :wink:

    where were period 6's figures? Were they on a seperate page coz i must have missed that one :wink:
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PCR - wasn't too bad

    surely if your forecast production has changed your closing stocks for period 8 would have changed, so i presume that you changed those too?

  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PCR - wasn't too bad
    michelleAAT wrote:
    if its true to recalculate the hours from scratch (which i didnt do), then i wonder if anyone then went back over the original production budget and calculated all the opening/closing stocks as a result of the increase in sales, then recalculated the cost of materials??? :wink:

    In my understanding, you did not need to physically recalculate closing stock as the closing stocks for period 7 were based on the period 8 sales forecast.

    The question asked us to draw up a new production budget (irrespective of whether we had the resources to meet it) in Section 1.2b.

    I almost totally messed up Task 1.2 at first as I SIMPLY DID NOT SEE the end of the sentence first sentence which told us how many extra units were required so I started off with how many you could make exclusively of one and then of the other, until I realised I had misread the question and had to start again from scratch lol!!!!
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PCR - wasn't too bad

    ya i did the same way and i got ur answer 555 labour avialable and 202 and mtirial is 20204
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PCR - wasn't too bad
    WATERFALLS wrote:
    there was no limiting factor. We had enough labour hours and enough material to cover the new order.

    What you have calculated is the total hours.

    They said that we had 17 employees who can work a total of 80 hours in ovetime each. This gives 1360 hours. We used 805 hours in normal production, so you had 555 hours left. 7 Sigmas could be produced in one hour and 4 Thetas could be produced in one hour. So 1400/7 = 200 hours for Sigma and 600/4 = 150 hours, so we need a total of 350 hours but we have 555 hours available. Therefore we have enough hours and labour is not our limiting factor.

    Materials supply was 25,000kg. Sigma took 9x1400=12,600kg and Theta took 12x600=7,200kg. So we need a total of 19,800kg net. We gross this up and it is 19800/98x100 = 20205kg required. So material was not our limiting factor either.

    We could therefore satisfy this order.

    Anyone else agree with my results?

    What did people write for 1.2.c - the two recommondations on meeting this production?


    Ya i got the same answer
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PCR - wasn't too bad
    januvasan2904@hotmail.com wrote:
    WATERFALLS wrote:
    there was no limiting factor. We had enough labour hours and enough material to cover the new order.

    What you have calculated is the total hours.

    They said that we had 17 employees who can work a total of 80 hours in ovetime each. This gives 1360 hours. We used 805 hours in normal production, so you had 555 hours left. 7 Sigmas could be produced in one hour and 4 Thetas could be produced in one hour. So 1400/7 = 200 hours for Sigma and 600/4 = 150 hours, so we need a total of 350 hours but we have 555 hours available. Therefore we have enough hours and labour is not our limiting factor.

    Materials supply was 25,000kg. Sigma took 9x1400=12,600kg and Theta took 12x600=7,200kg. So we need a total of 19,800kg net. We gross this up and it is 19800/98x100 = 20205kg required. So material was not our limiting factor either.

    We could therefore satisfy this order.

    Anyone else agree with my results?

    What did people write for 1.2.c - the two recommondations on meeting this production?


    Ya i got the same answer


    what did u get 4 step cost and how much the final profit for flexed budget
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PCR - wasn't too bad

    I agree with Ashy and the majority of the people on here. What I nearly messed up was using the GOOD production in units figures. Which means, God help me, I went back and revised all my answers with the wrong units! Lots of lines through my work.
    It is a budget, though, that is the whole point.
    I am sure I got the stepped cost wrong as I based the flexed budget on 72000 units, instead of moving up to 80000 units, so hopefully just one point down on that!
    Quite a good paper, but had practiced limiting factors quite a lot in Intermediate. Couldn't think how to make the target, just said make Sigmas first as they cost less to make! :lol:
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PCR - wasn't too bad

    I got no limiting factor on material,

    On labour I got that the original plus the new would need 4655 hours to do. We had 17 people doing 35 x 5 hours plain time and 80 hrs overtime so a maximum of 4335 hours could be worked so labour was short of 320 hours. I then recommended either enlarging the work force by hiring extra staff or extending OT or use incentives to persuade them to work more efficiently to produce more per hour.

    I could of course be way off but it felt right at the time....we shall see come August!
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PCR - wasn't too bad

    Anyone else enjoying this torture of dissecting the papers or is it just me :XD: ?!!!!
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PCR - wasn't too bad
    elizabeth wrote:
    Anyone else enjoying this torture of dissecting the papers or is it just me :XD: ?!!!!
    I'm loving it!
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PCR - wasn't too bad

    its great isnt it, doubting yourself and feeling waves of nausea wash over you :mrgreen:
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PCR - wasn't too bad

    I got the same figures, with the revised production and people off sick, a shortage of 320 hours. I advised that the production good be met with increased overtime, additional recruitment (ageny) or reducing closing stock, which would enable existing production to meet the demand.

    Does this make any sense, or have i messed up??
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PCR - wasn't too bad

    That sounds OK (better than mine), but I remember you can't extend the overtime.
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PCR - wasn't too bad

    you have messed up :wink:

    seriously, i dunno, nobody does. Just grab a beer/wine/vodka, chill out and celebrate England winning (if your a supporter that is!. May I suggest that you wait for the panic to set in at the beginning of August :wink:

    :thumbup:

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