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I worked out the variable costs of producing the laptops (material costs and labour) think it came to £230 then took that away from the £350 and commented that the gross profit would be £120 a laptop and multiplied it up to give a profit figure on the year and said they should go for it.
I had a v random RONA figure for my reworked P&L - 139.23%! Not sure that was right...0 -
umerali2003 wrote: »in task 2.2 b they suggested 10000 laptops at the @ of £350 each what i did is firstly i showed 10000 @ £ 500 ( selling price from previouse question )
then showed 10000@ £350 the difference between 2 were the answer
then gave 2 reason why he should accept this offer
I said that they should accept the deal because it will increase the turnover and that they could produce more units since the current production capacity was for 60,000 units and they only were producing 50,000 at that stage before the deal.0 -
task 2.2 was no doubt a tough question if a lot of people struggled there will some adjustment in marking i hope so atleast0
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Fiorellino wrote: »My comment on variances was to increse the supervision on staff and to purchase better quality of material since the cost variance was favourable, therefore they may have purchased poor quality of material at lower cost than budgeted with the result in failure of the finished product. Does it make sense? Anyone thought the same?
There was a favourable usage variance, meaning the quality of the material couldn't have been the only factor for the failure of the covers. I said the purchases manager may have bought lower quality materials, but the favourable usage meant the failure also had something to do with the workforce0 -
Fiorellino wrote: »I said that they should accept the deal because it will increase the turnover and that they could produce more units since the current production capacity was for 60,000 units and they only were producing 50,000 at that stage before the deal.
i almost commented the same thing that they have some capacity available so they should go for it0 -
LondonMatt wrote: »There was a favourable usage variance, meaning the quality of the material couldn't have been the only factor for the failure of the covers. I said the purchases manager may have bought lower quality materials, but the favourable usage meant the failure also had something to do with the workforce
Well.. yes but the favourable variance on the usage could have lead in not using enought material required for each unit... I think I said that as well. I do not know.0 -
I worked out the variable costs of producing the laptops (material costs and labour) think it came to £230 then took that away from the £350 and commented that the gross profit would be £120 a laptop and multiplied it up to give a profit figure on the year and said they should go for it.
I done something similar but worked out the contributionI had a v random RONA figure for my reworked P&L - 139.23%! Not sure that was right...
For the redrafted P&L I got 130.38%0 -
does nobody thinks that the time was too little for all these questions? you need time to think first about the situation in order to then reply correctly!
I noticed almost everybody where still there when the 3 hour were out!!0 -
i really struggeled to redraft the profit and loss account nd made a terrible mess of it a part from that rest of the questions i did well0
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does nobody thinks that the time was too little for all these questions? you need to think first about the situation in order to then reply correctly!
I noticed almost everybody when the 3 hourse were out!!
hmm i know it was bit shot on time ... plus task 1.1 and 1.2 really consumed a lot of my time0 -
LondonMatt wrote: »I done something similar but worked out the contribution
I did the same, and with variable expenses being as low as I worked them out to be it was an obvious goer!LondonMatt wrote: »For the redrafted P&L I got 130.38%
Yeah - I got something similar. It seemed wrong.
I didn't want to be the first person to wonder if there was a mistake in the question in case everyone else said that the sponsorship cut profit or something like that, but...0 -
any body reckon the passing rate will go down ?0
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That exam was HORRIBLE!
2.2, I said that they shouldn't take the Orange contract as they couldn't produce enough! Guessing that was wrong?! I thought they were already making 45,000 a year and this increased by 5,000 a month, so 60,000 more a year?! Did it actually say 5,000 a year?
Really don't think I've passed
:confused1:0 -
any body reckon the passing rate will go down ?
That's my only hope!0 -
if some thing technically gets wrong with task 2.2 ... means there will be some adjustment in passing marks0
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umerali2003 wrote: »i almost commented the same thing that they have some capacity available so they should go for it
Great that is reassuring!0 -
That exam was HORRIBLE!
2.2, I said that they shouldn't take the Orange contract as they couldn't produce enough! Guessing that was wrong?! I thought they were already making 45,000 a year and this increased by 5,000 a month, so 60,000 more a year?! Did it actually say 5,000 a year?
Really don't think I've passed
:confused1:
The production capacity was 60,000 a month, so 720,000 a year.0 -
i dont know i still feel there was some thing wrong in task 2.2 A or poorly written ??? having passed Dfs already still aint able 2 get it right0
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C'mon, nobody else can remember what they put down for net profit for the redrafted P%L?? £16,950 anyone??0
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Ooops!
:confused1:0 -
I had 18100 for my net profit so in the same sort of region...!LondonMatt wrote: »C'mon, nobody else can remember what they put down for net profit for the redrafted P%L?? £16,950 anyone??0 -
nobody else can remember what they put down for net profit for the redrafted P%L?? £16,950 anyone??
Fairly certain that's what I got too.0 -
LondonMatt wrote: »C'mon, nobody else can remember what they put down for net profit for the redrafted P%L?? £16,950 anyone??
I do remember that was a small figure though probably less than £10,000 for the gross profit0 -
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I got £16950 for my Net Profit on 2.2 b.I had sales of 105 000 revenue of £52500 and GP of 19850.:confused1:0
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What did you do about the change in stock?0
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yes thats what I worked out for unit costs. I was unsure about the closing stock so knocked 5000 units off of my production to reduce the closing stock figure by half. Think I made a mis-calculation somewhere along the way!LondonMatt wrote: »What price did you use for the labour and material cost per unit? £20 and £150 I think I used?0 -
I got £16950 for my Net Profit on 2.2 b.I had sales of 105 000 revenue of £52500 and GP of 19850
That's exactly what I got!
:thumbup:0 -
Think i had stock as 2000!!!0
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