SOME ANSWERS ON ECR EXAM
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I see everyone is posting their answers. I'm breathing a huge sigh of relief because I was expecting a really tough test because of the new examiner.<BR><BR>Here are some answers that I got. They all seem to tie in with petrolmonkey who seems to have quite a lot of credibility.<BR><BR>Hope everyone has given themselves a chance come August...........<BR><BR>MOS percentages 16.67 & 23.08<BR>OAR rates - £33 (Marginal), £41 (Absorption)<BR>Payback - 2.64yrs or 2yrs 8mths (rounded up to nearest whole month)<BR>Project NPV - Negative value of £116,480 ish<BR>Reject on NPV basis<BR>Accept on Payback (provided the 2.64yrs falls within companies predetermined timeframe)<BR>OAR - £40.00 (£400,000 divided by 10,000)<BR>Labour - £85,750<BR>B & C , £425,000 profit..........This becomes £450,000 loss with limited factor applied.<BR>AS for the two commercial factors, I was stumped on this and put residual value and whether the project would extend beyond 3 years as I saw a similar answer in a past paper.<BR>I also got stumped on the one on under realisation of fixed assets.<BR>The other Capital Investment Appraisal technique was IRR.<BR><BR>That covers most of the questions I think.<BR><BR>David<BR><BR>
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SOME ANSWERS ON ECR EXAM
Hi Everyone,<BR><BR>The students in my class and myself thought it was a difficult exam. Saying that I seem to have 7 of the same answers as yourself. The answer I gave to the question about Fixed Asset recovery was under and over absorption. Not sure if I will get any marks for this though.<BR><BR>I got -116000 for the last answer then for some reason changed it to a +116000 therefore I gave the go ahead for the investment. May get a mark for the correct numbers!!<BR><BR>Was there too many 000's in that exam or what!!!0 -
SOME ANSWERS ON ECR EXAM
Hi there,<BR>Judging by your answers and some of the others i don't think I did that well. However I did write the calcs I was using and hopefully they will be able to still mark me on them.<BR><BR>What was question 2.1 that threw a spanner in the works for me, and unfortunately I ran out of time and didn't finish the paper.<BR><BR>The question was in relation to producing more units and working the cost per unit for each increase in units.<BR><BR>Thanks in advance0 -
SOME ANSWERS ON ECR EXAM
Yeah, I agree difficult exam indeed. <BR><BR>This morning i felt quite confident, though not over confident, then when I got to a certain part in the paper everything just went out the window!!<BR><BR>Far too many 0000's, had to check my calcs to make sure they were correct!!<BR><BR>0 -
SOME ANSWERS ON ECR EXAM
Yes Question 2.3 and 2.4 threw me. I now think i did ok on the margin of safety question but the other question about the limiting factors i just froze. I did the calculations but didn't put the loss figure in at the end - i thought i'd done it wrong!0 -
SOME ANSWERS ON ECR EXAM
I put down another Investment appraisal technique as Return on Capital Employed is this correct?<BR><BR>Also for commercial factors i put is there any sell on fee after 3 years which is wrong and does it effect the other products which i may get away with!!<BR><BR>I got 33 and 41 for marginal etc!<BR><BR>16.67 and 23 something for margin<BR><BR>oar £40<BR><BR>NBV (116) to some decimal place!<BR><BR>2yrs 8months for payback and rejected due to NPV<BR><BR>What other questions was there?0 -
SOME ANSWERS ON ECR EXAM
I totally mucked up the B&C based on everybody's feedback <img src="i/expressions/face-icon-small-sad.gif" border="0"> <BR>I agree with most of your answers.<BR>Memos were a bit problematical. <BR>I did not go into too much details on the under recovery I think I answered correctly but can't be 100% sure that i did not confuse my actual with my budgetd...<BR>With regard to other types of costs, I mentioned stepped fixed costs - do you think that is appropriate?<BR>0 -
SOME ANSWERS ON ECR EXAM
Yeah I mentioned stepped costs too, citing a supervisors salary in charge of staff. I've made 3 or 4 mistakes that I know about having checked everyone's answers. I think it's just a matter of hoping that you get at least 35% in each section. That's the problem, if you get 50 out of 50 in one section but only 30 out of 50 in the other, you may fail! I'm assuming that the pass mark is 70, but you have to show competence in both sections.<BR><BR>Or is it 65%? They never tell you do they?0 -
SOME ANSWERS ON ECR EXAM
It changes depending on how people get on i thought! we have been told that if a question is answered poorly as a whole then they take the question out!! Also if the % of questions answered is low then the pass rate decreases!!<BR><BR>Thats what we have been told by our tudors anyway!0 -
SOME ANSWERS ON ECR EXAM
exam was hard and lengthy,it took me 3and half hour to finish it.<BR>too many 000000,<BR>most of the people got wrong answers due to 0000.0 -
SOME ANSWERS ON ECR EXAM
thank the lord someone else got a loss on the limiting factor question. I thought I'd done something really wrong!0 -
SOME ANSWERS ON ECR EXAM
I got the same answers as you apart from the payback. I calculated it as 2.6 years. Fingers crossed for all!0 -
SOME ANSWERS ON ECR EXAM
Can you remember what three answers you got for the table in Section 1 where you had to work out variable costs for 1,000,000, 1,500,000 and 2,000,000 units. Did you have to add the variable costs to fixed costs then divide by units to get production cost per unit. Did you get something like £20, £18 and £17 forget the pence I cant remember that much.0 -
SOME ANSWERS ON ECR EXAM
Hi all<BR><BR>I put 2 yrs for pay back (wrong answer) I got -113 point something for NPV<BR>In memo mentioned additional cashflows after year 3 and Internal rate of return (which was a guess)<BR><BR>Can anyone list the questions in the 2 part of the exam?<BR><BR>Thanks!0 -
SOME ANSWERS ON ECR EXAM
Yes-i love you!!0