PCR exam - Who sat it? Or even a question for Sandy Hood....

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
I just wanted to know how some people handled the end of section one regarding the increased demand, and revising the budget.

Also what is a capital budget and how did you compare it to a production budget??

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PCR exam - Who sat it? Or even a question for Sandy Hood....

    Hi dhewlett

    Generally I thought the paper was ok, a few tricky bits but fine nevertheless.

    I basically identified what the limitation was (i.e. the labour) and made recommendations to either offer a bonus incentive to those staff still working or hire temporary staff to cover the additional workload. I also commented that as we had enough material to cover the order and still have some left over, we could allow for some errors to be made by the untrained temporary staff.

    My revised budget however was based on material rather than what we could produce in terms of the labour restriction - I have no doubt this is wrong!

    I wasn't entirely sure about the text book definition for the production and capital budget however I merely stated that the capital budget is a budget for our assets i.e. machinery and bears no reflection on revenue wherease the production budget does. I probably waffled on this one, but I think what I've said is the general point of it.

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PCR exam - Who sat it? Or even a question for Sandy Hood....
    I wasn't entirely sure about the text book definition for the production and capital budget however I merely stated that the capital budget is a budget for our assets i.e. machinery and bears no reflection on revenue wherease the production budget does. I probably waffled on this one, but I think what I've said is the general point of it.

    I think that will be enough... I said more or less the same although I put that the operating buget was to monitor performance not capital costs....

    There or there abouts and you will be fine :)

    Regards

    Dean
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PCR exam - Who sat it? Or even a question for Sandy Hood....

    Neither materials nor labour was a constraint
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PCR exam - Who sat it? Or even a question for Sandy Hood....

    If neither material or labour was a constraint, how could answer Task 1.2 (c) Two recommendations in the order to meet the production requirement of this new order?
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PCR exam - Who sat it? Or even a question for Sandy Hood....

    If you had 17 employees x 35 hours x 5 weeks = 2975 hours, plus 17 employees x 80 overtime hours = 1360, total of 4335 hours available, already used 4305 hours for original production (9555/7 = 1365; 11760/4 = 2940)that leaves only 30 hours available for the extra production, which requires 350 hours. Therefore a shortfall of 320 hours. Anybody agree?

    Thanks, :?
    Confused.com
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PCR exam - Who sat it? Or even a question for Sandy Hood....

    I agree :) glad i had the same answer then
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PCR exam - Who sat it? Or even a question for Sandy Hood....

    Yeah, that's what I had in the exam anyway
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PCR exam - Who sat it? Or even a question for Sandy Hood....

    Fiona
    I'm wrong - you're right

    I tried to do the task during a meeting and made silly mistake - I had 80 hrs overtime per person per week!!! x 5 weeks
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PCR exam - Who sat it? Or even a question for Sandy Hood....
    SandyHood wrote:
    Fiona
    I'm wrong - you're right

    I tried to do the task during a meeting and made silly mistake - I had 80 hrs overtime per person per week!!! x 5 weeks

    I am sooo glad about that :lol::lol::lol:

    Sandy you just put 10 years on me!!!!! :D:D
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PCR exam - Who sat it? Or even a question for Sandy Hood....

    Thanks very much Sandy, I thought I had totally lost the plot!

    Kind Regards,

    Fiona

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