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Shehzad wrote:any one remember Thru put accounting ratios question in regards to watches ? i think 50k of advertisement cost was not included in the calculation.
Yes even i didnt take advertising expenses, in throughput we need to take only factory cost per hour in dinominator i dont think advertising is a part of factory cost and for sales quantity variance i think the answer is 2500k i dont remember exactly first i calculated with actual contribution then i changed my answer by using Budgeted contribution,,, i dont remember what answer i got for each case
JohnAcceek wrote:Please can you explain how to calculate c/s ration for food and drink when you also have 2 types of menu? What are the basis for us? Menu or type of meal?
Yes thats how i did
JohnAcceek wrote:Please can you explain how to calculate c/s ration for food and drink when you also have 2 types of menu? What are the basis for us? Menu or type of meal?
I calculated revenue and contribution for both menus with 50% of total capacity, as they mentioned in question that customers are split equally between 2 menus
I think i might be wrong….becz i used batch size instead of no of batches to calculate ABC may be you are right, im realising now
JohnAcceek wrote:Machine hours were ro distract attention. Only inspections and smth. else should be taken ito account. I remember the answer was 91 point smth.
I got answer something like 74.6 or something it is in one of the option not sure but i got my calc right
pgargaro wrote:Yeah I only took 40 too, I missed that at first so had to go back and redo it ???? but I think (my memory is hazy now) I did 40 for the three days it was at 100% capacity and 70% for the other four, and then for calculating how much they spent I just split those numbers in half, so for the full occupancy days i did (20*however much set menu food cost) + (20*however much a la carte cost) and the same for the drinks.
I did the same but i think we need to add $2 for existing variable cost….. From your msg i understood that you multipled $2 to existing cost.
pgargaro wrote:On the second point with the Faros restaurant q (the financial viability), I concluded that it wasn’t viable because the restaurant was making a loss rather than a profit. I can’t remember how many marks it was worth but I know that my proforma was really basic, I just had total sales with workings for the extra variable costs, the increased fixed costs and then the profit/loss. Would be interested to hear how anyone else approached it ?
I also suggested not to proceed with it i got profit but it is less than what they would get if they open for 5 days and did you take half capacity or full capacity in question they said after flood restaurant is running on half capacity with only 40 customers or something i took half capacity not sure if im right on it
pjashu1995 wrote:I got c/s ratio 58% and break even profit 7,200 per week, do you remember your answers?
I think if gross profit margin is 65% then variable cost will be 100-65 that is 35% of sales…that is how i did it
pjashu1995 wrote:I got c/s ratio 58% and break even profit 7,200 per week, do you remember your answers?
Sorry i mean break even revenue,,, my bad…do you remember what is the answer i got 7,200 per week
agboolakenny84 wrote:It’s Standard contribution. So yes budgeted contribution.
Thanks @agboolakenny84
For variance question in section B, do we have to take budgeted contribution or budgeted sales to calculate sales mix variance?
I got c/s ratio 58% and break even profit 7,200 per week, do you remember your answers?
I got cvp c/s ratio of hotel and performance analysis of trust, questions in section c any one else got it?
@Sarah1306 do you remember the question in section A in which they asked both profit or loss on disposal for group and individual Financial statements?
Ok i forgot to add 4.5mn in net assets @ disposal, thats the reason i got gain 🙁
YK2017
Im confused too may be im wrong i got profit of 3.9mn. i thought what i did was right but i cant recall exactly what i did in exam.
I took 15000 as opening balance equity and calculated the rest of question, i was wrong.
And just on NCI for disposal do we have to take the NCI value as at disposal date or the NCI at aqusition, because in question they have given profit figures of scooter, for 2 years then after 2 years 20% of that profit figures will be added back to NCI right? Have you guys done that adjustment or did i just over adjusted it?
@jovitha885 for govt grand question i think the answer is,
dr other income 56,000
Cr deferred income 56,000as we need to show only 4000 in other income, so we need to reduce 56k from other income and increase that in deferred income.
@ruby67 i multiple the fx, but im not sure with my answer for that question it was time consuming so i didnt work out answer for that question properly
@Jovitha885
I reduced it from cogs and i got profit of 3.9 mn for disposal how much you got
Does anyone remember in Bike co ratio analysis question if the disposal resulted in gain or loss
BPP, even i didnt come across it,, its just my guess as in accordance to ifrs 9 financial instruments. And i find so many questions in this exam which are not in BPP, i thought BPP alone is enough to crack the exam and im confident with my preparation however, the exam was a disaster.
I find so many concepts new, i struggled to answer revenue questions in section B as well and very much confused over Ratio analysis question i literally change my answer 4 times for the analysis couldnt able to come to any conclusion.
