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Pcr
kylara
New MemberRegistered Posts: 6
Well how did you think the PCR exam went?
Easier than June 2007 or harder?
How long did it take you? 2 hrs for me. :001_tongue:
Did the question on material purchase say 'additional' material purchased? :confused1:
Did you think Part one or Part two of the paper was harder? :thumbdown:
How did you prepare yourself before sitting the exam? I slept bad, ate blueberries for their brainpower (Don't think they have started working yet), orange juice just to combat the cold (why are the facilities always cold) and now crave something loaded with calories. :thumbup:
Do you think you can survive the long wait for the results?
Easier than June 2007 or harder?
How long did it take you? 2 hrs for me. :001_tongue:
Did the question on material purchase say 'additional' material purchased? :confused1:
Did you think Part one or Part two of the paper was harder? :thumbdown:
How did you prepare yourself before sitting the exam? I slept bad, ate blueberries for their brainpower (Don't think they have started working yet), orange juice just to combat the cold (why are the facilities always cold) and now crave something loaded with calories. :thumbup:
Do you think you can survive the long wait for the results?
0
Comments
We're not supposed to talk about specific questions until 3pm btw.
Will come back on at 3pm if anyone wants to discuss it
You think exactly the same as me by the sound of things, i found the 1 st one harder and didn't know if i was answering the right question half the time!
Not sure if it was just me but got a bit confused by wording in a couple of places.
Like pev, this felt different from past papers but maybe thats just because it was for real this time. Either way i don't feel too confident about the results
Nearly 3pm
I writ: keep more stock of raw materials, buy in finsihed goods and only produce 250ml cartons and not the 500ml
Any one put anything similar?
I thought it was easier than June 2007. I found the second section pretty straight forward with the calculations but got a bit confused on the memo and think I babbled on about irrelevant things.
Section one I thought was not too bad but now I am worrying about the material purchase - I thought it said that it was the maximum available as he had already put his order in, but do you mean you thought it said it was the maximum additional he could get?
I put high temporary staff, increase the overtime limit (both of these answers came from a similar question in a practice paper I did yesterday) as there was a labour hour shortage and try and find another supplier who could meet the requirement the company needed.
The last one could be completely wrong depending on whether I understood the information given correctly. It said he had already placed orders and couldn't acquire more than 1,500 for Jan production .... did that mean he had placed an order for the material purchases budget calculated and could order a further 1,500 m2 (more than enough for the 8% increase) or did that mean that only 1,500 m2 could be ordered for the whole month (mean you couldn't meet the original production budget .. on the figure I calculated anyway). :001_unsure:
I am not sure how i've done now. I understood it as he had ordered 1,500 and couldn't get anymore as well. I'm more confused now than when i did it this morning.
Did anyone out there answer it as if the 1500 was additional?
You are probably right actually - if there was only one limiting factor then surely we wouldnt be asked for 3 ways to resolve it would we? I dont remember that from any previous papers
on section 2 can anyone remember figures? think my overall variance was in the vague region of 2000 adverse, but might have been bigger, can't really remember...
Was it right to include contribution as part of the operating statement?
Did anyone find the second half confusing the way it was written?
I meant keep extra raw materials stock so when there's a short fall you've got some in supply, not that you should keep more finished goods. So don't panic, expect you did fine!
I had £1945 adverse I think.
I had 1,960,000 adverse (I'm assuming your 2000 figure is with the 000 knocked off or one of us is well off!!).
Edit: I put contribution on my statement because it asked for it. I had something like
Turnover
Variable costs
Materials A, B, C
Labour
Electricity
Contribution
Fixed costs
Rent
etc
Profit
Another question I wasn't sure of because normally you just have to produce an operating statement in the same format that the budget and actual are given.
Will do.
I did it this way and also came to the same result.
I had that aswell, I was a bit worried because it said comment on all the variences over £50,000 and most of mine were over that!
I forgot about the contribution bit and did it the same as a normal layout, but thinking about it now, the way you have done is correct, so ive def messed that bit up!
For the actual Energy variable cost what did everyone get? Did you just do 60,000 * £18? Which gave you the same as budget but then you had a 30k variance on the fixed part?
Most of mine were too. I panicked at first but when i wrote report i sort of bundled all the material into one because it was really the same thing and ended up with probably an average length report for this type of question
Sounds right, did you work the actual varaible cost of energy?
I did it using the budgeted fixed cost (440,000(?)) and raking that away from the actual total
I thought this was wrong because the other fixed costs had changed but didn't know what else to do!
Same here
I guess I have failed then.
No I didn't do that. I left the VC at the rate at which it had been budgeted (£18 per unit).
So for variable costs I had
Budget 1,080,000
Actual 1,080,000
Fixed costs
Budget 440,000
Actual 470,000
It was either keep the fixed cost the same and have the variance on the variable cost or keep the variable cost the same and have the variance on the fixed cost. No idea which one it should be and the question didn't give any hints from what I remember so just 50/50 for which method I did :001_unsure:
Hmm, the question was just ambiguous as far as could tell
think i'll mention it to aat by email, unless when i read it again its perfectly clear, n I'm just wrong, lol....
:confused1: