ECR Exam 5th December 2005

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
For the stock card on this section I guessed the method of stock valuation was AVCO did anyone else get this as I am seriously doubting myself now

Thanks :)

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:ECR Exam 5th December 2005

    evening

    yes i thought it was that too - the only things i think i messed up on were the final memo - i could not remember what the internal rate of return was and also my figures on the limitation question were all wack so i only half completed that

    other than than i hope i passed, i have PLB tomorrow and FRA on wednesday

    good luck to all

    tracy
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:ECR Exam 5th December 2005

    Hi sorry did you mean average cost method? because i think i used that method
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:ECR Exam 5th December 2005

    Yes, It was definitely AVCO.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:ECR Exam 5th December 2005

    Yes, It was definitely AVCO.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:ECR Exam 5th December 2005

    what did u guys get for the fixed overhead absorption bit i think i got 51,000 under absorbed and cant for the life of me remember what i got for the second bit
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:ECR Exam 5th December 2005

    I had that too. Was it 55000 (underabsorbed by 4000) - I cant remember the other - was it 36000 ?
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:ECR Exam 5th December 2005

    yeah i remember now it was 38000 - 36000, hopegully we both got it right
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:ECR Exam 5th December 2005

    going back to the avco question.

    did anyone use 3 decial places or 2

    did you use 2.13 or 2.125
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:ECR Exam 5th December 2005

    i used 2 decimal places, left it at 2.13
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:ECR Exam 5th December 2005

    I used three decimal places but I don't think it matters either way.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:ECR Exam 5th December 2005

    what answers did everyone get for the magin of safety percentage, i think i left the 2nd products at 16.66%, anyone else got the same?
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:ECR Exam 5th December 2005

    im in the chat room

    http://groups.msn.com/AATIntermediate
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:ECR Exam 5th December 2005

    im in the chat room

    http://groups.msn.com/AATIntermediate
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:ECR Exam 5th December 2005

    can anyone tell me what they got for the limitation hours for product n(the one with the lowest hours.i had 0.33/0.002=165,i worked it out by the ammount of total hours=150000units/300hours=500.which means 500 units p/hour=500unitsx300hours=150000.i think i then had 165x300=49500,also had 49500 for product p.which gave me a total of 99000-95600 fixed costs=3400profit.im sure this is what i had,hope you can understand it.lol
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:ECR Exam 5th December 2005

    i put the 2.125,im sure it was in a past paper and the suggested answers dont round up or down.

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