whoop whoop PCR done

1468910

Comments

  • Amy1234Amy1234 New Member Registered Posts: 10
    laurlou wrote: »
    o dear i dint do it per unit :s

    Me neither..... hopefully wont loose too many amrks for that one :001_smile:
  • cs_1988cs_1988 Well-Known Registered Posts: 231
    misterman wrote: »
    If you sell to the department store, they will have the warehousing costs, not you! So, do not include warehouse costs cos there aren't any!

    Also Wolfe with an E - I got a loss too, and I think if anyone got a profit, they missed something.
    #

    Hi Misterman,

    I included it, it's a fixed cost and they still needed the warehouse for the other line, thats why i included it anyway. Anyone else??


    I think they put it their to trip you up (I'm hoping lol)

    Chris
  • kodakoda Feels At Home Registered Posts: 52
    cs_1988 wrote: »
    HAHA Me too, i so jope your right!!!!
    Oooh... it's coming back to me yes... I remember all the 1's :-)
  • laurloulaurlou Settling In Nicely Registered Posts: 23
    cs_1988 wrote: »
    HAHA Me too, i so jope your right!!!!
    Chris023 wrote: »
    yep I think I got the 281 and the 111, I remember the revised being 111 something due to all the 1's

    whats this for exactly....symons profits or the total profits???
  • taskeytaskey Font Of All Knowledge Registered Posts: 1,800
    cs_1988 wrote: »
    #

    Hi Misterman,

    I included it, it's a fixed cost and they still needed the warehouse for the other line, thats why i included it anyway. Anyone else??


    I think they put it their to trip you up (I'm hoping lol)

    Chris

    i also included it as a fixed cost, as the info was only the changes in regards to the symon. my thinking is that you still need the warehouse element for the kyle. it also said about no marketing costs, so again i only removed from the symon.

    Tracy
  • Chris023Chris023 Feels At Home Registered Posts: 93
    yep...they may have one big warehouse for both lines and pay a yearly fee
  • kodakoda Feels At Home Registered Posts: 52
    cs_1988 wrote: »
    #

    Hi Misterman,

    I included it, it's a fixed cost and they still needed the warehouse for the other line, thats why i included it anyway. Anyone else??


    I think they put it their to trip you up (I'm hoping lol)

    Chris
    I agree... they still need the warehouse for the other line.
  • beerbluebeerblue New Member Registered Posts: 7
    JFJ wrote: »
    Glad its not just me then...!

    Off to revise for PTC tomorrow yipppppeeeee

    Good luck to all those doing PTC tomorrow.
    cs_1988 wrote: »
    #

    Hi Misterman,

    I included it, it's a fixed cost and they still needed the warehouse for the other line, thats why i included it anyway. Anyone else??


    I think they put it their to trip you up (I'm hoping lol)

    Chris


    I inclided it too for the other line. Kylies or summat. what were they called? its buggin me.
  • wolfewolfe Well-Known Registered Posts: 121
    thank you mister man . im still worried tho
  • kjg-kjkjg-kj Feels At Home Registered Posts: 68
    Karli
  • laurloulaurlou Settling In Nicely Registered Posts: 23
    cs_1988 wrote: »
    #

    Hi Misterman,

    I included it, it's a fixed cost and they still needed the warehouse for the other line, thats why i included it anyway. Anyone else??


    I think they put it their to trip you up (I'm hoping lol)

    Chris


    Yes misterman I agree with Chris.
    Using your example if you sell to a department store you dont give them your warehouse as well therefore you stil have to pay for the Karli line
  • cs_1988cs_1988 Well-Known Registered Posts: 231
    Lol, Symon and Karla wasnt it?? I dunno!

    Yeah i mentioned in the report that fixed costs with the warehouse wouldnt come down, but if they were going to do it permanantly they could think about getting a smnalled warehouse!
  • beerbluebeerblue New Member Registered Posts: 7
    kjg-kj wrote: »
    Karli


    that's it.

    Cheers :001_smile:
  • Gentle JesusGentle Jesus Well-Known Registered Posts: 241
    ok wait.... for section 2 did they as for contribution per unit and the full contribution cos i never did contribution per unit ......... wtf ... ?
  • wolfewolfe Well-Known Registered Posts: 121
    misterman i got a loss in the bugeted p nl of 356,456 somrthing like that anyway
  • beerbluebeerblue New Member Registered Posts: 7
    ok wait.... for section 2 did they as for contribution per unit and the full contribution cos i never did contribution per unit ......... wtf ... ?

    per unit..
    i'm sure.
  • lewpylewlewpylew Well-Known Registered Posts: 216
    No i section 2 - I did not do it as a marginal cost statement.... I was so paniced by my mistake in section 1, I did not start section 2 til 12pm and nearly left in tears. Had a pee break, then chipped away at it. Guess as my lay out is wrong I have had it unles I did the other bits right. Decision out my hands now!!
  • laurloulaurlou Settling In Nicely Registered Posts: 23
    cs_1988 wrote: »
    #

    hi misterman,

    i included it, it's a fixed cost and they still needed the warehouse for the other line, thats why i included it anyway. Anyone else??


    I think they put it their to trip you up (i'm hoping lol)

    chris
    cs_1988 wrote: »
    lol, symon and karla wasnt it?? I dunno!

    Yeah i mentioned in the report that fixed costs with the warehouse wouldnt come down, but if they were going to do it permanantly they could think about getting a smnalled warehouse!


    me too!!!
  • cs_1988cs_1988 Well-Known Registered Posts: 231
    They asked for both, don't worry if you didnt put per unit, it would only be worth a couple of marks to divided the total by production numbers anyway mate!!!
  • taskeytaskey Font Of All Knowledge Registered Posts: 1,800
    as said before on numerous previous topics, i think everyone should remain positive as sometimes if you have one answer wrong, but you carry on the workings - you will get marks for the workings, not the answers.

    chin up all, i am sure we have all done well. i think it is because this is one of the last exams for us at this stage we are starting to actually see light at the end of the tunnel.

    Tracy
  • HayleyHayley Settling In Nicely Registered Posts: 23
    cs_1988 wrote: »
    Answers i got were.... (Not saying their right!!)
    20%
    15%
    £12
    £9
    £5
    £4.50
    £7
    £6
    £0.2
    £0.2
    £0.08
    £0.06
    £0.15
    £0.15
    87,400
    0.04

    281 040 - Original Plan Profit
    1111250 - Revised Plan
    579200 - Flexed Budget Budget

    I doubt many people will have the same answwers, there were so many places to make a small mistake!!


    These look identical to what I got!
  • Kinga1989Kinga1989 Settling In Nicely Registered Posts: 18
    i got the profit figure being reduced if they dont distribute symons themselve by 36% but now i think its porobably wrong. i kept warehouse cost the same as they needed them for the other range.
    what did everyone write in report for section 1? the second part of what they need to be aware of if they go back to distributing both ranges themselves or something like that?
  • mistermanmisterman New Member Registered Posts: 8
    taskey wrote: »
    i think i did, not 100% sure

    i did

    turnover

    variable
    semi variable

    total of variables

    contribution total
    contribution per unit

    fixed costs

    operating profit
    kjg and Taskey

    'fraid not. you should do:

    turnover
    less variable costs
    =contribution

    The semi variables must be split, so you get some of it above contirbution and some below
    Marginal costing treats fixed costs as a period cost, so they must be below contribution
  • wolfewolfe Well-Known Registered Posts: 121
    cs 1988 ur answers are same as mine
  • gingervickigingervicki Feels At Home Registered Posts: 87
    wolfe wrote: »
    misterman i got a loss in the bugeted p nl of 356,456 somrthing like that anyway

    I had a loss too!!!!
  • wolfewolfe Well-Known Registered Posts: 121
    thanks taskey u was cheered me up a lil
  • laurloulaurlou Settling In Nicely Registered Posts: 23
    ok wait.... for section 2 did they as for contribution per unit and the full contribution cos i never did contribution per unit ......... wtf ... ?

    i did full contribution. it said flex the budget on the actual turnover in units but dont think it said show cont in units or am i contradicting myself here lol
  • wolfewolfe Well-Known Registered Posts: 121
    gingervicki us who got loss are in minority!!!!!!!!!!!!!!
  • chrimchrim Settling In Nicely Registered Posts: 18
    taskey wrote: »
    as said before on numerous previous topics, i think everyone should remain positive as sometimes if you have one answer wrong, but you carry on the workings - you will get marks for the workings, not the answers.

    chin up all, i am sure we have all done well. i think it is because this is one of the last exams for us at this stage we are starting to actually see light at the end of the tunnel.

    Tracy

    good shout out hun i agree good luck all and if first you dont succeed try try again :):thumbup:
  • kjg-kjkjg-kj Feels At Home Registered Posts: 68
    misterman wrote: »
    kjg and Taskey

    'fraid not. you should do:

    turnover
    less variable costs
    =contribution

    The semi variables must be split, so you get some of it above contirbution and some below
    Marginal costing treats fixed costs as a period cost, so they must be below contribution


    Yeah I did:
    turnover
    less variable
    less the variable part of semi variable
    Contibution
    less fixed part of semi variable
    less fixed costs
    Profit
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