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- October 16, 2017 at 7:47 am #411681
I kept my tradition as a 1st time passer. 71%
September 6, 2017 at 4:31 pm #406064F5 was easy ! 50 marks were a piece of cake. No excuses for well prepared students like us. Only with Opentuition and a revision kit, you could write 70 and 80 marks at ease.
June 2, 2017 at 12:09 am #389595Target Costing concept, deals with a competitive Selling Price at market which drives the whole construction of cost card, in order to obtain a pre-determined desired profit. An estimated cost will probably differ from target cost, and that’s the reason we have to close this gap by the appropriate corrective actions.
For example: Life Cycle Costing concept may give us a full cost of 50,00$ p.u. That’s the DETERMINATION of cost.
Assume desired margin profit is 20%. Then, the selling price must be 60,00$ p.u.
Now, look at Target Costing : Market Price for same products now, is 50,00$ p.u. We can’t charge 60,00$ because of highly elastic demand and competition.
If we want a profit of 20% on full cost, the target cost is 41,67$.
Cost gap is 50-41,67 = 8,33$.For some reasons, we might not reduce any costs, so we have either to charge a lower price or to reduce our desired profit margin.
In any case, Target Costing looks first in suited price for the market, and cost is just a result which derives by calculating your desired profit margin.
Life Cycle Costing, looks first at COSTS, all entire life of product costs, and then is added a desired profit margin which show us the appropriate Selling Price.
A target costing price approach may not ensure that recovery of all costs associated with product is assured.May 31, 2017 at 7:15 pm #389317Thanks for your answer joenzweyyy ! I really agree with you !
May 1, 2017 at 6:59 pm #384490Of course Mr Moffat i know that.
I am worrying about the weightiness of Part D in overall exam marks.November 4, 2016 at 3:28 pm #347425And quite easy
October 10, 2016 at 7:20 pm #342916CBE Exam, F1 : 81%
October 7, 2016 at 1:32 pm #342629F3 85%
February 18, 2015 at 2:14 am #229007What kind of machinery?
February 9, 2015 at 12:01 am #22707881% thanks to opentutiton
December 10, 2014 at 11:25 pm #220107F2 Exam was “FAIR” !
It was easy, BUT it hadn’t a range of subjects could be examined.
I think i have passed with ~75 points.Thank you Opentution for the knowledge you provide me absolutely free of charge.
August 27, 2014 at 9:14 pm #192579Are there any other revision kits except from Kaplan and BBP?
I am asking that because i have both of them, and i am finding for another one for practice on exam question. - AuthorPosts