Pev

Emma1708 wrote: »

I think standard was £386400 and actual was something like £389--- if I see someone elses figures I will remember what I had exactly

I got £360 :confused1:

joyride wrote: »

This is making me want to be sick! :mad2:

Me too. I feel really down and embarrassed - my boss has paid for this and will want to know how I did tomorrow!

lorraine wrote: »

i got 360 too

I think I read the question wrong, what was this for? I thought joyride was asking the total standard cost for actual production

i didnt get the 389--- i had 360--- for the actual cost at actual production

Emma1708 wrote: »

Also, my mind went completely blank with the index numbers? I dont want to say what I did incase it is ridiculous. Does anyone want to say what should have been the answers for those?

This is what I did ... not sure if it's right or not but here goes.

Jan 07 .. 4.80 .. I set the index at 100.

June 07 ... 4.95 ... to work out the index I did 4.95/4.80 * 100 (Jan index) = 103.13

Nov 07 ... 5.10 ... index = 5.10/4.80 * 100 = 106.25

Then they said in Jan 08 the index would be 108.25 so I did (4.80 * 108.25)/100 = 5.196 .. I rounded up to 5.20.

To calculate the % rise from Jan 07 to Jan 08 I go (5.20-4.80)/4.80 * 100 = 8.33%. I nearly scribbled it out and put 8.25% (increase in index) but it specifically said increase in price so hopefully 8.33% is right!!

Anyone else get that or am I completely wrong? :001_unsure:

Cortez wrote: »

This is what I did ... not sure if it's right or not but here goes.

Jan 07 .. 4.80 .. I set the index at 100.

June 07 ... 4.95 ... to work out the index I did 4.95/4.80 * 100 (Jan index) = 103.13

Nov 07 ... 5.10 ... index = 5.10/4.80 * 100 = 106.25

Then they said in Jan 08 the index would be 108.25 so I did (4.80 * 108.25)/100 = 5.196 .. I rounded up to 5.20.

To calculate the % rise from Jan 07 to Jan 08 I go (5.20-4.80)/4.80 * 100 = 8.33%. I nearly scribbled it out and put 8.25% (increase in index) but it specifically said increase in price so hopefully 8.33% is right!!

Anyone else get that or am I completely wrong? :001_unsure:

Thats exactly what I put.

I also got £33 for the cost card.

acky2106 wrote: »

I think your right Emma and there was a 5k difference in variances?

There was one which was 5k, cant remember which now, plus I had a £10k one in the opposite direction to the 5k

Cortez wrote: »

Tea was 3kg @ £5 = £15
Tea bags 1000 @ £0.006 = £6
Fixed overheards 0.2 hours @ £50 = £10

Was labour 0.2 hours @ £10 then? I can't remember what rate it was per hour but £10 would make it £33 total.

Well I know what I did wrong there then - I had £60 for the tea bags cost! Which is why my standard cost card was £54 over. I read it as £0.06 per bag. That pretty much guarantees my fail

Cortez wrote: »

Tea was 3kg @ £5 = £15
Tea bags 1000 @ £0.006 = £6
Fixed overheards 0.2 hours @ £50 = £10

Was labour 0.2 hours @ £10 then? I can't remember what rate it was per hour but £10 would make it £33 total.

Yep £33 looks correct, I also hadn't heard of discounted cashflows but I just wrote the first sensible thing that came into my head!

Overall I think section 1 was OK once I got my head around it, I managed to get the reconciliation to work. Task 1.3 was reasonably straightforward.

I found section 2 OK but it was the report writing where I think I fell down on, the calculations were OK. I recommended machine 2 based purely on GP margin, OP margin and Return on net asset figures.

Hopefully I have done enough to pass.:thumbup:

I got £1,640 (A) for tea bag usage variance. I know one of the others was £10,000 (F) but not sure which one.

FAO Sandy Hall!!!

mowzer, i did this too. Do you think if you added the purchase less depn to net assets and used this figure (incorrectly) to get to the ROCE it would be a sacking offence?

Thanks, i hope so!

Don't they look at both sections separately, you might be ok if it's your only big mistake

imeldabye wrote: »

mowzer, i did this too. Do you think if you added the purchase less depn to net assets and used this figure (incorrectly) to get to the ROCE it would be a sacking offence?

I hope not. I think it was a bit unfair because the net assets would obviously include the machines in a real situation, so the only relevant ROCE would include them. However it isn't what the question asked so i'm really scared!!!!!!

imeldabye wrote: »

every single pev is like this - includes something really easy to misconstrue gggrrr. i think it is silly as it isn't really a test of what you know, just how you read the english

I agree its silly because you get worked up about it. I've seen quite a few old questions that i've had to look at really closely, so i suppose we'll just have to hope for the best and hope they're sympathetic

Hi Emma, I got £386400 for the Standard cost of actual production and think it was £391400 for the Actual cost of Actual production can't remember but feel better that someone else got that!!!