PCR todays exam

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  • System
    System Posts: 100,534 πŸ€– Admin πŸ€–
    Re:PCR todays exam

    Hi

    I am so pleased to see that you got the same production figures as me, as they were not nice whole numbers.

    In respect of task 1.2 you were not able to meet production for period 4 therefore we can make stock in period 2 and 3 to meet period 4's shortfall.

    Hope that makes it clearer for you
  • System
    System Posts: 100,534 πŸ€– Admin πŸ€–
    Re:PCR todays exam

    I see your point, but surely if we produced excess in period 2 and 3, this would cause an increase in closing stock....wasnt our aim to reduce this?

    I am either being very thick, or just misunderstanding the question

    Ahhhh!
  • System
    System Posts: 100,534 πŸ€– Admin πŸ€–
    Re:PCR todays exam

    Hi All

    Thought that exam was quite nice apart from section 1.2.

    And another thing, how do you work out what the variable and fixed costs were for section 2?

    I conjoured up some formula but not sure if I got it right!!!

    Thanks everyone!
  • System
    System Posts: 100,534 πŸ€– Admin πŸ€–
    Re:PCR todays exam
    sjbherself wrote:
    I am slightly worried as in 1.2 I did this differently to what everyone else seems to have done.

    In part 1.1, I got a materials usage of 140208, 113196, 118856 and 124800

    Then in part two it says a max of 120,000, aiming to reduce closing stocks whilst meeting sales demand.
    I can see that in period 1 and 4, we were using too much and that in periods 2 and 3 we had surplus. Everyone seems to have said that we can produce 60,000 units in each period, but surely in period 2 and 3 we would still produce the same as before? Why would would we want to increase production (and hence use more materials than before) as this would increase our closing stock if sales were to remain the same?

    Can anyone shed some light...Sandy??

    I think you are right, I didnt produce more than what was needed but did anyone else take into account the wastage on the extra production, I seem to be the only one who did!
  • System
    System Posts: 100,534 πŸ€– Admin πŸ€–
    Re:PCR todays exam

    That's exactly what I did. It completely stumped me, I just couldn't get my head around what was required. I did the revised material budget then got stuck on the revised production budget, i just couldn't figure it out! Oh well. :cry:
  • System
    System Posts: 100,534 πŸ€– Admin πŸ€–
    Re:PCR todays exam

    I thought the data stated that there was a 3% rejection of closing stock - surely that meant that the closing stock figure had to be adjusted not the production or material????
  • System
    System Posts: 100,534 πŸ€– Admin πŸ€–
    Re:PCR todays exam
    Mini HaHa wrote:
    I thought the data stated that there was a 3% rejection of closing stock - surely that meant that the closing stock figure had to be adjusted not the production or material????

    I read it as 3% of finished stock was faulty, and therefore the production volume would have to be increased in order to create enough good production required for the forecast sales.
  • System
    System Posts: 100,534 πŸ€– Admin πŸ€–
    Re:PCR todays exam

    What did everyone get for the variance on the flexed budget? I got neith a profit or loss for the flexed budget but have a feeling this is wrong.
  • System
    System Posts: 100,534 πŸ€– Admin πŸ€–
    Re:PCR todays exam

    Your missing the reduced closing stock effecting the following periods opening stock

    period 1Ò€ℒs closing stock will be lower (material limitation) thus, in period 2 your opening stock is lower thus your old gross production is wrong as you wonÒ€ℒt be able to meet sales, as you have to produce more, as you have less opg stock.

    I must admit I see your point, I started doing the question this way, I felt we should have been told if we had to carry this shortfall forward to the following period, or treat each period separately.

    What you thinking?
  • System
    System Posts: 100,534 πŸ€– Admin πŸ€–
    Re:PCR todays exam

    I did adjust the opening stock for the following periods - I was always taught that if there were any faulty production/materials wastage then it would be stated in the data for that section - i.e if faulty production it would state faulty production under the production data etc - now I'm just completely unsure!!
  • System
    System Posts: 100,534 πŸ€– Admin πŸ€–
    Re:PCR todays exam

    The task requirements were so unclear on this one, the examiner has made his markers job very difficult as i suspect there is going to be quite a variety of answers!!
  • System
    System Posts: 100,534 πŸ€– Admin πŸ€–
    Re:PCR todays exam

    I have never laughed so much for ages at some of these comments. It seems we all got confused in 1.2 and the memos were dreadful- internal and external analysis?????? control techniques other than a flexi budget?????
    I read and re-read and re-read question 1 regarding faulty stock but thought 3% must relate to production because if 3% of faulty closing stock it must have been made faulty. Well that's my logic. I have certainly seen much better worded exam papers. Usual AAT standards I think!!!!
    Yeah it's nice to get my life back again until June when I do PEV ( plus a possible re-sit of PCR) How Kay did all 3 after only starting in November and self-taught makes me feel think. I doing my technician over 2 years!!!!!!
  • System
    System Posts: 100,534 πŸ€– Admin πŸ€–
    Re:PCR todays exam

    Think meant to say thick on my last comment. Need to have gin and tonic I think!
  • System
    System Posts: 100,534 πŸ€– Admin πŸ€–
    Re:PCR todays exam

    Hi Jackie! did you put internal and external analysis too? I was sooooo confused!!
  • System
    System Posts: 100,534 πŸ€– Admin πŸ€–
    Re:PCR todays exam

    Kerrano, yes but dont know what they are, waffled that external was sampling???? Internal just waffled, does anyone know what they are?
  • System
    System Posts: 100,534 πŸ€– Admin πŸ€–
    Re:PCR todays exam

    I took it to mean external analysis needed when launching a new product i.e. p.e.s.t and competitor issues. For internal i waffled about does the company have the expertise and resources to launch the product!! As for the control techniques mentioned in another question i put repsonsibility accounting and re-assessing the standards??!! Had not got a clue here!
  • System
    System Posts: 100,534 πŸ€– Admin πŸ€–
    Re:PCR todays exam

    Oh, Never heard of PEST analysis but then only taught myself 5 stages of product life cycle in last 2 days of revision as noticed it was on syllabus and we hadnt covered it.
    Looking at my text book I think you correct on the PEST analysis trail.
    Also looking at my text book (Osborne) I think you might be right regarding responsibility accounting too - guess what we never covered that in college either.
    Kerrano, have you finished all your exams now and are you studying at a college?
  • System
    System Posts: 100,534 πŸ€– Admin πŸ€–
    Re:PCR todays exam

    Im studying with FTC. I have DFS to do June (hopefully with no re-sits!). I struggled with PEV section 2 as we have never covered Life Cycle costing and it is not in the FTC books. On todays PCR it was 1.2 that may have cost me that section. How about you, have you done DFS? Kerry
  • System
    System Posts: 100,534 πŸ€– Admin πŸ€–
    Re:PCR todays exam

    I did DFS last June and passed it thank goodness as financial definitely not my strong point. I have just my project and PCR in June and thats me done.
    Getting a bit old to do any more exams as hitting the big 50 next year so hanging up my satchel for good!
  • System
    System Posts: 100,534 πŸ€– Admin πŸ€–
    Re:PCR todays exam

    So i can come to you with DFS queries then?! I left one to do June as im getting married on June 30th!
  • System
    System Posts: 100,534 πŸ€– Admin πŸ€–
    Re:PCR todays exam

    Well you can try me with DFS queries but as I said, financial was never and will never be my strong point. Congratulations on forthcoming wedding.
    I think I am addicted to this web-site around the exams but going to sign off now and have a large gin and tonic to celebrate the exam being over. As most people found 1.2 difficult and misleading we should pass with a bit of luck. Maybe I can come to you with PEV queries?
  • System
    System Posts: 100,534 πŸ€– Admin πŸ€–
    Re:PCR todays exam

    Sure, ill help if i can! Enjoy the rest of your evening :D:D
  • System
    System Posts: 100,534 πŸ€– Admin πŸ€–
    Re:PCR todays exam

    I'm a bit late for your conversation but to put your mind at rest I have done exactly the same as you. Hope we are not both wrong. :?
  • System
    System Posts: 100,534 πŸ€– Admin πŸ€–
    Re:PCR todays exam

    What baffles me is how the AAT always find a way to 'con you' in their wording. Surely the law of averages would mean they give a straight forward question once in a while!
  • System
    System Posts: 100,534 πŸ€– Admin πŸ€–
    Re:PCR todays exam
    fayemarie wrote:
    Hi All

    Thought that exam was quite nice apart from section 1.2.

    And another thing, how do you work out what the variable and fixed costs were for section 2?

    I conjoured up some formula but not sure if I got it right!!!

    Thanks everyone!

    To work out the fixed and variable I used the High Low method.
  • System
    System Posts: 100,534 πŸ€– Admin πŸ€–
    Re:PCR todays exam

    I found todayÒ€ℒs exam quite tricky. Tasks 1.1 and 2.1 seemed ok but the second task in each section was quite hard. I realised how to do task 1.2 eventually, but did not have time at the end to correct it fully. Never mind, cant change it now, just hope tomorrows personal tax is not too bad. Were you supposed to have 120000kg materials purchased each time? Or did you reduce the closing stock as much as possible as long as all sales forecasts could be met?
    I thought two memoÒ€ℒs in an exam was a bit harsh my arm was saw after all that writing (mind I did probably go on a bit more than I needed to).
  • System
    System Posts: 100,534 πŸ€– Admin πŸ€–
    Re:PCR todays exam

    Jackie- i think you needed to times it by 12 at the end too- as there were 12 weeks in each period- thats what i did anyway? xx
  • System
    System Posts: 100,534 πŸ€– Admin πŸ€–
    Re:PCR todays exam

    Overall the exam was difficult and i think i know i messed up on 1.2- didnt understand the question and 2.1it didnt tell you what ammount of labour ect was fixed or variable- i spent bout an hour looking at the paper thinking am i missing something then i just decided to try and work it out but i think i did it completely wrong-

    I did the difference between the 2 drafts budgets labour cost and divided it by the difference between the 2 draft budgets units pruduced and got my vaiable cost per unit, worked that our and then assumed the rest was fixed. Anyone else do this? Please someboy say yes!!! :? :?

    Did my flexed budget workings from this too- god help me!!! xx
  • System
    System Posts: 100,534 πŸ€– Admin πŸ€–
    Re:PCR todays exam

    Hi Leah,

    What you seem to have done is the Hi Lo method for calculating your variable costs - this is what I did too,, which I'm pretty confident is correct.

    Wasn't sure on the end memo though, I described sampling for external and interna mentioned quality control - completely wrong I'm sure but tried to answer it with only a few minutes to spare and panicked!
  • System
    System Posts: 100,534 πŸ€– Admin πŸ€–
    Re:PCR todays exam

    Actually just read it again - for Hi Lo I deducted one budgeteddraft labour cost from the other and did the same for the production units. I then divided the difference between the two labour costs by the difference between the two prod'n figures - this gives you the variable cost per unit.

    Is this what you did?

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