ok then section 2 was pretty easy . in section 1 1.1 , 1.2 were good. i got an operating loss . wat worries me is that in the revised calculation i got an even bigger loss. and i didnt know wat to write abt it in the report... but still wrote sumthing. plz dont tell me im wrong abt the loss thing!
Hi Wolfe. I am so glad I am not the only one that did what you did. I had a loss and then when revised had an even larger loss. Same here got confused as there wasn't much I could write in the report except state the obvious costs that were saved and the sales being limited to 950,000 garments. I know the revised was wrong as others said it was a profit but I hope just cos of that I don't fail the whole paper..
I ended up with a loss on the first question of about 90k and a loss on the second question also but silly me when recalculating the revised profit on the new number of units i didnt take into consideration any other points except those that were in the data. Oh well. Hey you know when i came it calculating the clearance sale units and we got the percentages of 20 and 15 percent which were the percentage of the TOTAL units how did you calculate them for the operating statement as we didnt have a total to calculate 20 and 15 percent of it. Im hoping that the fact the majority of my paper was hopefully right that a couple of errors will be taken into consideration.
ok then section 2 was pretty easy . in section 1 1.1 , 1.2 were good. i got an operating loss . wat worries me is that in the revised calculation i got an even bigger loss. and i didnt know wat to write abt it in the report... but still wrote sumthing. plz dont tell me im wrong abt the loss thing!
Got a loss too ...and so did three of my colleagues... quite concerned about it, as I eventually managed to run out of time ...arghh...
I got a profit followed by an even bigger profit - so big I thought it had to be wrong! But it looks like lots of others got roundabout the same (£1.1m)
I thought the first section was really complicated - needing lots of working out. My head is still aching now!
All I can say to the examiner is I never want to hear 'You're so vain' ever again. 'Karli Symon' will haunt me forever!
the operating statement is catalogue sales 1278000 and clearance 319500 for Symon ans Karli was 841500 and clearance was 148500 any1 had this units across them?
I really struglled with this question.
Do you have to change the price for the purchases and air freight and design fees to be inline with the sales of 950,000 or will they remain the same as task 2 as purchases have to ordered 4 months before??:confused1:
I really struglled with this question.
Do you have to change the price for the purchases and air freight and design fees to be inline with the sales of 950,000 or will they remain the same as task 2 as purchases have to ordered 4 months before??:confused1:
I haven't a clue, I think I messed up on the revised statement, but did the rest fine fingers crossed!
I think we get a chance to have our say in the aat questionnaire and it asked for feedback on each task from what I remember? I think I will comment on how vague 1.3 was
I must have had the exam on my mind when I slept last night. My figures are the same as above except for the flexed budget, and contribution figures.
I could not think what I had done until I had a dream which woke me up in a cold sweat of panic!!! I have used the wrong initial figure for all my flexed budget calculations, do you think this is an instant failure, or will it class as continuity even though it was incorrect to begin with???...
i think you will be fine. i got different contributions to evryone it seems, but i think as long as we have shown the correct workings, we should be ok. i do remeber in foundation if you got the figures wrong, as long as you had the workings, you would be ok.
I must have had the exam on my mind when I slept last night. My figures are the same as above except for the flexed budget, and contribution figures.
I could not think what I had done until I had a dream which woke me up in a cold sweat of panic!!! I have used the wrong initial figure for all my flexed budget calculations, do you think this is an instant failure, or will it class as continuity even though it was incorrect to begin with???...
No
As long as you use the correct methods you show competance. They work through your answer so as long as the workings are correct you shouldnt fail because of one error.
right for 1.2 i got a profit, but not as big as the previous profit.
1.3 my profit increased by about £800,000
for 2.2 the actual figure i cant remember, but it was given anyway, because you basically had to copy if from the operating statement? then the flexed budget, the actual profit was a lot bigger than what was budgeted, and the costs were a bit bigger in the actual. but overall the actual operating profit was bigger than the budgeted profit, therefore it was a faveourable variance? as the flexed budget wasnt as high as what you actually got, therefore it must be faverouble?
mark130273Font Of All KnowledgePosts: 4,234Registered
soory i didnt come on here yesterday...............
but we went straight out after the exam and didnt stop drinking till 3 in the morning....
my god were is that thread for "cure of a hangover"
looking at the posts on this one i think i pretty much got the same other than i took out the warehouse but noted that i though only part of it should be saved.
i was done in 1 1/2 hours same as pev paper.......stupidly confordent or just clever ?aug 19th will tell !
anyone wanna comment ,thats fine.......but shhhhhhhhhhhhhhhhhh
dont talk so loud !!!
I really struglled with this question.
Do you have to change the price for the purchases and air freight and design fees to be inline with the sales of 950,000 or will they remain the same as task 2 as purchases have to ordered 4 months before??:confused1:
I changed all the variable costs. Although the purchases are made 4 months in advance, the budget we were doing was for the next year.
Not sure about this exam. I also got £1.1m and didn't take out warehouse costs but dont remember much else. Waffled for my life in the theory bits, but hopefully done enough.
mark130273Font Of All KnowledgePosts: 4,234Registered
on those waffly bits. i thought they really left it open for you to waffle for england... the questions were so vague that you could of put in about 50 things and made them pick out the right ones from them...
that warehouse bit is one thing that i think they might mark all three answers correct
leave it in
take it out
adjust for % used
looking at all those people who left them in i can see why you left it in and inm thinking this paper was very badly written , so many questions could of been read in so many ways on what they wanted ?
as just a thought for anyone who just went straight into the paper section one and didnt readthe whole thing first. when you finished section one did anyone else like me look at the clock and think.....f*cking hell if section 2 is this big im gonna be f*cked if im gonna finish it ? but once i seen section 2 my heart slowed down a bit ?
Comments
I'm done, good luck, I only need work experience now!!!
This is exactly what I had!!!
I thought the first section was really complicated - needing lots of working out. My head is still aching now!
All I can say to the examiner is I never want to hear 'You're so vain' ever again. 'Karli Symon' will haunt me forever!
Thats what I did, which made sense at the time, but now I'm not so sure???:001_unsure:
Thats what I got apart from revised profit because I stupidly forgot to add Karli back on! Whoops! :ohmy:
I apportioned the cost of interest and overheads to symon based on units sold on the revised statement, not sure if I was ment to???
:001_unsure:
same! :thumbup:
I really struglled with this question.
Do you have to change the price for the purchases and air freight and design fees to be inline with the sales of 950,000 or will they remain the same as task 2 as purchases have to ordered 4 months before??:confused1:
I haven't a clue, I think I messed up on the revised statement, but did the rest fine fingers crossed!
I think we get a chance to have our say in the aat questionnaire and it asked for feedback on each task from what I remember? I think I will comment on how vague 1.3 was
I must have had the exam on my mind when I slept last night. My figures are the same as above except for the flexed budget, and contribution figures.
I could not think what I had done until I had a dream which woke me up in a cold sweat of panic!!! I have used the wrong initial figure for all my flexed budget calculations, do you think this is an instant failure, or will it class as continuity even though it was incorrect to begin with???...
i think you will be fine. i got different contributions to evryone it seems, but i think as long as we have shown the correct workings, we should be ok. i do remeber in foundation if you got the figures wrong, as long as you had the workings, you would be ok.
fingers crossed.
Tracy
As long as you use the correct methods you show competance. They work through your answer so as long as the workings are correct you shouldnt fail because of one error.
right for 1.2 i got a profit, but not as big as the previous profit.
1.3 my profit increased by about £800,000
for 2.2 the actual figure i cant remember, but it was given anyway, because you basically had to copy if from the operating statement? then the flexed budget, the actual profit was a lot bigger than what was budgeted, and the costs were a bit bigger in the actual. but overall the actual operating profit was bigger than the budgeted profit, therefore it was a faveourable variance? as the flexed budget wasnt as high as what you actually got, therefore it must be faverouble?
Hey FLIPFLOP.
I didn't do contribtion per unit either!
But hey, that's only one bit.
If you have shown overall ability is gd enuf, then hooray in August
When are results out? (what date?)
air freight is per garment, so sorry, you must recalculate for each garment
Number of garments (950,000) times whatever it is per garment.
similar with design fees
Have I put a downer on anybody?
but we went straight out after the exam and didnt stop drinking till 3 in the morning....
my god were is that thread for "cure of a hangover"
looking at the posts on this one i think i pretty much got the same other than i took out the warehouse but noted that i though only part of it should be saved.
i was done in 1 1/2 hours same as pev paper.......stupidly confordent or just clever ?aug 19th will tell !
anyone wanna comment ,thats fine.......but shhhhhhhhhhhhhhhhhh
dont talk so loud !!!
I changed all the variable costs. Although the purchases are made 4 months in advance, the budget we were doing was for the next year.
Not sure about this exam. I also got £1.1m and didn't take out warehouse costs but dont remember much else. Waffled for my life in the theory bits, but hopefully done enough.
that warehouse bit is one thing that i think they might mark all three answers correct
leave it in
take it out
adjust for % used
looking at all those people who left them in i can see why you left it in and inm thinking this paper was very badly written , so many questions could of been read in so many ways on what they wanted ?
as just a thought for anyone who just went straight into the paper section one and didnt readthe whole thing first. when you finished section one did anyone else like me look at the clock and think.....f*cking hell if section 2 is this big im gonna be f*cked if im gonna finish it ? but once i seen section 2 my heart slowed down a bit ?
still finished in 1 1/2 hour ?