PCR-How was it for you?

System
System Posts: 100,534 🤖 Admin 🤖
edited 10:25AM in AAT student discussion
Hi

No posts as yet but I just wondering overall what everyone thought of the paper.... I thought it followed a good structure but not sure if I have passed or not but I did answer all the questions.

Fingers Crossed!

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PCR-How was it for you?

    It was easier than I thought it would be - probably due to the fact that there was only one waffley bit!

    It just took a while to do everything - but then I included all my calculations.

    I may have mixed up the flexed budget as I do have a tendancy to do that - did anyone else get 110,000 and 108,000 profit - please say yes!
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PCR-How was it for you?

    bump
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PCR-How was it for you?

    bump
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PCR-How was it for you?

    I think I fluffed it up badly! Section 1 was ok but I dont think I did the flexed budget bit properly? How did you all treat the closing stock of finished goods in the flexed budget??

    And how did you get those profits?

    I took the qustion paper away with me so I can go over it at home later and then torment myself even more - lol
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PCR-How was it for you?

    Doh doh doh - triple post - my apologies x
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PCR-How was it for you?

    I did not include the closing stock in the flexed budget figures!

    I asked if I could take my question paper and was told no!!! I didn't want to cause a scene though.

    I can't remember all the figures for how I got to those, I just remember the end profits!
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PCR-How was it for you?

    I got 110,000 and 108,000 profits aswell with 2000Adverse variance
    I can't remember any more calculations but I do remember them figures.
    Hopefully I will pass!
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PCR-How was it for you?

    £110000 and £108000 spot on

    No closing stocks needed to be accounted for in Flex budget as the comparisons were for 1000 units not 1200. Calculating the variable costs for 1000 units eliminated the need for closing stock. I hope so anyway!
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PCR-How was it for you?

    To be honest, I thought the paper was a bit of a pig compared to past papers I have been practising.
    I split my opening stocks of materials in section 1, but not the overtime!
    Also, in the operating statement in section 2, the contribution threw me and my profits are completely wrong. My e-mail isn't long, either, which isn't neccesarily a good thing!
    I'm hoping that all my workings will get me points and get me through, as I don't think I got too much wrong. Loads of crossings out, though, as I realised I was working on the wrong numbers!
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PCR-How was it for you?

    I think i have failed. I completely messed up Section 2. I had losses for both! I didn't do anything with closing stock.

    Kath
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PCR-How was it for you?

    I feel a bit more confident now that other people have the same profits!

    My e-mail was total pants! I think I just made stuff up - hopefully the rest will carry me through!
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PCR-How was it for you?

    I think i have failed. I completely messed up Section 2. I had losses for both! I didn't do anything with closing stock.

    Kath
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PCR-How was it for you?

    I think i have failed. I completely messed up Section 2. I had losses for both! I didn't do anything with closing stock.

    Kath
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PCR-How was it for you?

    I think i have failed. I completely messed up Section 2. I had losses for both! I didn't do anything with closing stock.

    Kath
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PCR-How was it for you?

    I think i have failed. I completely messed up Section 2. I had losses for both! I didn't do anything with closing stock.

    Kath
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PCR-How was it for you?

    I think i have failed judging by the answers here. I had losses for both flexed and actual. I ignored the closing stock. I had materials, labour and variable cost of electricity as expenses and fixed costs of fixed cost of electricity, Dep, Property and Rates.

    I based flexed budget on sales of 1000 and production of 1200 i think.

    Kath.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PCR-How was it for you?

    I personally found this exam ridiculously easy. I thought it was almost exactly the same as (June 04?). You section 2 you just had to adjust actuals to 1000 sales, then the memo was ridiculous - stick in a reconciliation account to show the 37400 adjustment for closing stock value variance and you were sorted. Section 1 seemed pretty straight forward, the only possible thing to throw you was using marginal cost instead of absorption cost on question 1.4 or 1.5 which was different to previous exams.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PCR-How was it for you?

    Me too RedKez. I did the (June 04 ?) paper again yesterday as practise and it was nearly identical. Thought they would have been a lot tougher on the wordy bits (was certain they would test zero based budgeting or something cos that's never been examined as far as I can tell) but nothing horrible at all.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PCR-How was it for you?

    I got 110,000 and 108,000, but I did it on 1200, and removed variable costs on 200 units in closing stock. Stupid of me, but it looks like I got the final figure right, so here's hoping.......
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PCR-How was it for you?

    I'm now kicking myself as I deducted the waste instead of adding it and thus got my good production and gross production figures wrong.
    But seeing as I worked everything on the figures I produced, I should still get marks, shouldn't I? I showed all my workings.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PCR-How was it for you?

    Yep. You should only lose 2 marks (one for Exe and one for Wye) then all the other questions you get follow through marks.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PCR-How was it for you?

    The Flexed Budget using the Unnits sold since we would have made a Fixed Budget based on that figure had we got i Sales Forecast accurately.
    Therefore the Flexed Budget must have been prepared using 1000units flexing all the variable with std costs we calculated first on that task,semivariable electricity cost and all other Fixed costs.
    No closing stock (since we dont wouldnt have planned for them if we knew our sales to be 1000).

    Well set paper with a bonus of NO Forecasting !
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PCR-How was it for you?

    I got the same profit amounts so if its wrong we are in the same boat
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PCR-How was it for you?

    I took my paper out as they only collected the answer booklets. Section 2 was easy - section 1, 1.4 I crossed out 4 attempts at and can't remember what I ended putting in - any idea what we should have put in that section??
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PCR-How was it for you?
    allypally wrote:
    I took my paper out as they only collected the answer booklets. Section 2 was easy - section 1, 1.4 I crossed out 4 attempts at and can't remember what I ended putting in - any idea what we should have put in that section??

    What was section 1.4? I can't remember what the question was for sure.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PCR-How was it for you?

    I cant actually remember on what i got for the Profit but im sure i got a 7000 Adverse, some where in it?!

    To get the Flex-actual you had to divid the actual variable costs by the produced units and them multiply them by the actual sales

    VC x (Sales/Production) = flex'd actual

    I probably got them profits (if i can recall somewhat)

    I found that the final task 2.2, was very similar to Decembers 2., the email...

    I could be wrong...but the resits this June or when ever could well be even more difficult to pass, they will probably throw more questions at you. Well it my understanding that you could well have had more time to study and should have absorbed more over the full course.

    I think i could have done reasonably well over these two exams and hopefully have passed, so's not to resit this june06!

    All the best to you all
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PCR-How was it for you?
    allypally wrote:
    I took my paper out as they only collected the answer booklets. Section 2 was easy - section 1, 1.4 I crossed out 4 attempts at and can't remember what I ended putting in - any idea what we should have put in that section??

    I thought taking the paper out wasn't allowed? I read in the mags that someone got thrown out of AAT for doing the same?
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PCR-How was it for you?
    allypally wrote:
    I took my paper out as they only collected the answer booklets. Section 2 was easy - section 1, 1.4 I crossed out 4 attempts at and can't remember what I ended putting in - any idea what we should have put in that section??

    I thought taking the paper out wasn't allowed? I read in the mags that someone got thrown out of AAT for doing the same?

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