[antonialittlejohn]

Passed 74%, first time and now an affiliate.

I only used the past exams case studies as practise questions and didn’t use any other questions from the Kaplan exam kit

[antonialittlejohn]

It’s as it is the lower of:
– total residence nil rate band (125k + 125k)= 250k
– actual main residence (340k-152k)= 188k

When you calculate the death estate, any outstanding mortgage (not endowment mortgage) is deducted from the property. The value of the estate is calculated before any deductions of NRB and RNRB. The residence nil rate band can only be deducted from the main residence that is being left to a direct descendent, in this case the main residence is 340k. The main residence value after the deductions of the outstanding mortgage is 188k, you can’t deduct any more than this, even though the partners full 125k RNRB is available.

Therefore, the answer is 188k.

[antonialittlejohn]

@criss07 said:
Because it sounds like we had the same exam…did you have the question about the concert in Part B? If you did do you remember if the margin of satefety was 85% or 86% I can’t remember exactly :))

Nope I don’t think I did sorry! I don’t remember the companies for section B, but I had variance questions with the Mix and Yield, EV and maximin and maximax and also an ABC/absorption costing question.

[antonialittlejohn]

Yes I used the high-low method too, think it gave me the variable costs of $6 something which then had a 150% markup, so i adjusted it for that. And I done the same as you, the selling and distribution costs were $1.67 and 80% of that minus the $24.

i also said that the 10,000 units should be external as it is cheaper than internal. However, the remaining 30,000 units should be produced at between $21 the external price and the variable cost plus mark-up. However, I also went onto say that their current pricing strategies should be modified as a 150% mark-up is unrealistic.

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