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same, I used £0 penalty but 70% reduction I think? Don’t know how I concluded it to 70% though.. lol
Section C was crazy with income and corp tax all over the place.. wasn’t expecting all 3 CRs to be just that
What was the answer for the last mcq in Sec B for VAT? Something for unprompted disclosure and in the scenario it mentioned that they didn’t make an error deliberately? We had to choose an option for reduction in VAT percentage?
anyone got CGT in Sec B? What was the answer for 360k taper relief? I think we had to use 80% and the answer was something like 5600?
Also in CGT (Sec B) we had to calculate the number of months for deemed occupancy or something was it the 2nd option? Something like 190 months or 193?
In Sec A did someone get an MCQ with the options 0, 40k and 50k in 3 separate boxes? I forgot what the question was, but I chose 40k for both.
got p&l and comprehensive income too! do you remember what we had to do with the revenue adjustment in this? the note mentioned that it was ‘already included’ in the trial balance amount. So were any adjustments supposed to be made in that? I calculated both products through stand alone price method. But had no idea if it had to be included since the note already mentioned that it was??
Also for the goodwill calculation of 4 marks what was the answer? I think I got $703m or something
for the lease question, what did you get for ‘right of use asset’? was it 41700? something like that?
also in section A there was an mcq regarding inventory ias-2 if anyone got that was the answer 15200? something like that im pretty sureSame my mix was $230 as well.
The weighted average cost confused me because it asked for total cost per litre and it was pretty straightforward multiplying litres with the rate to get the total?Hi guys could you please confirm the OT case answers of risk and uncertainty please?
The minimax approach: 400 units
The expected value before deducting costs: $450,000
The value of perf info: $750(?)
The true or false mcq: Both were true?
The theoretical OT asking for an approach: Sensitivity analysis?Also for the variance OT case
What was the weighted average standard cost per litre?
Total material Mix variance requirement: 200 something?
The total material yield adverse variance: 3030 something around that?
And for the true or false requirement was the first one true and the rest false?
The theoretical mcq asking why yield was adverse was the answer 1,3,4?does anyone remember the answer to the CVP OT case question where they asked for break even sales revenue with target profit for both badminton and rackets?
does anyone remember the relevant costing mcq in section A? We had to find the relevant cost of material?
and for the total material mix variance in section A, there were options of $240 favorable, $400 adverse, $400 favorable and $240 adverse, what did you guys choose?
and for the throughput ot case did you guys choose 450 units for optimum production? and 2.0 as the TPAR?
Did anyone get an mcq in section A on the total materials mix variance? Was the answer $240 favourable?
The abc mcq in section A was the answer $2.5?
For the relevant costing mcq in section A does anyone remember the answer? Was it C? Something in the 20000s?
Also for the throughput OT case was what was the throughput accounting ratio in part B, the return per hour in part A? And the optimal production units? Were they 450? (In part C)?
Please confirm thanks!!
Did anyone get an mcq in section A on the total materials mix variance? Was the answer $240 favourable?
The abc mcq in section A was the answer $2.5?
For the relevant costing mcq in section A does anyone remember the answer? Was it C? Something in the 20000s?
Also for the throughput OT case was what was the throughput accounting ratio in part B, the return per hour in part A? And the optimal production units? Were they 450? (In part C)?
Please confirm thanks!!