PCR - just wondering??????

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
hi all,<BR><BR>enjoyed the exam and was out in record time however, i am now thinking i did the last bit wrong.<BR><BR>were you suposed to split the expenses in to fixed an variable on the last part when comparing the flexed budget and actual and show a contribution?<BR><BR>i didn't and came away bouncing but now i'm not so sure!<BR><BR>i am aware i am torturing myself but just wondered what you guys did.

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    PCR - just wondering??????

    i just copied the same format as the question paper
  • System
    System Posts: 100,534 🤖 Admin 🤖
    PCR - just wondering??????

    so did i, i feel better knowing i'm not the only one.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    PCR - just wondering??????

    I did the same as you guys. Btw, did you flexthe budget on 380,000 units or 420,000?<BR><BR>I found the layout very confusing.... I did however, ask my centre if i could keep my question paper, and surprise surprise, you are allowed to take them home!! Most centres keep quiet on the idea of this tho.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    PCR - just wondering??????

    I did the flexed budget on 380,000 units because that is what was actually sold. The 420,000 was just what the customer wanted!<BR><BR>I don't think you needed to out in contribution because it wasn't a marginal costing question.<BR><BR>I do think I went wrong on the fixed overheads though. I added the overtime premium into it. Apportioned the overtime between A and B.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    PCR - just wondering??????

    Thx for quick reply. I did work out the flexed budget on 420,000 at first... then crossed it all out and worked it out using 380,000 <img src="i/expressions/face-icon-small-happy.gif" border="0">
  • System
    System Posts: 100,534 🤖 Admin 🤖
    PCR - just wondering??????

    You should do the flex budget according to the actual results which is 380000.<BR><BR>and to calculate the variable and fixed cost for the electricity you have to calculate the variable cost per unit first using the hi-low method
  • System
    System Posts: 100,534 🤖 Admin 🤖
    PCR - just wondering??????

    i copied the same format, if they wanted us to use marginal costing they would have stated that
  • System
    System Posts: 100,534 🤖 Admin 🤖
    PCR - just wondering??????

    I shouldn't look on here, i just nearly had a heart attack coz someone else said the budget should be flex on 420. i did 380. please can you confirm it was the 380 as i thought actual sales volume should be used????
  • System
    System Posts: 100,534 🤖 Admin 🤖
    PCR - just wondering??????

    Hi Hussain<BR><BR>Hope u dont mind me butting into ur conversation but did you get 200,000 for your fixed cost for electricity?<BR><BR>Or anyone else for that matter???<BR><BR>Thanks<BR><BR>
  • System
    System Posts: 100,534 🤖 Admin 🤖
    PCR - just wondering??????

    Yes 200,000 fix, 4 variable
  • System
    System Posts: 100,534 🤖 Admin 🤖
    PCR - just wondering??????

    Oh thank god for that <img src="i/expressions/face-icon-small-smile.gif" border="0"><BR><BR>Didnt have a clue so just worked it out through percentages and the fact that the variable cost had to be the same for both budgets. <img src="i/expressions/face-icon-small-smile.gif" border="0"><BR><BR>I was just lucky there i think<BR><BR>Thanks for that Sera<BR><BR>Good Luck xxx
  • System
    System Posts: 100,534 🤖 Admin 🤖
    PCR - just wondering??????

    You are definately correct
  • System
    System Posts: 100,534 🤖 Admin 🤖
    PCR - just wondering??????

    Wohoooooooooo... I got £200,000 fixed elec cost. Dont ask me how tho...! lol I assume i'll be deducted a few marks for not showing my workings (yet, in none of these question... they didnt ask you to show any workings at all!)

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