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Hello Everyone! My 4th attempt and finally passed!!! What a relief! Everyone who didn’t – do not give up!!!
Hi Guys!
I thought labour rate per batch was 6$ and hours spent on batch 30 min. Is it correct? Budgeted production was 24000 batches, which gives us 12000 labour hours. So for calculating planning labour rate variance I multipled 30 min by 20% and arrived to 36 min spent on batch production with a reduced payment rate of 5.70 $ Did anyone get same figures? or I just completely misunderstood question?Hi Everyone!
Looks like a lot of people struggled and me too. Fir the ROI we were given previous month ROI as 22% and 23%, so I have multiplied net assets by this figure in order to find net profit before June. Then added June profit together with previous figure and found out year to date net profit. Did anyone do the same? Just wondering whether it could be right?
Overall, I think I will resit exam again in Dec, completely forgot how to use multiplicative model, instead used additive. Struggled with first question.So failed again!