BEC Study Group – Q1 2018 - Page 14

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  • February 7, 2018 at 7:49 am #1708933
    Recked
    Participant

    first post appears to have failed, trying again.

    So throwing out my memory method for the 4 standard variances in case it helps someone else.
    First, you need materials before labor (or MLK), direct materials is the first 2 equations, direct labor is the 2nd two
    2nd PURE price, use, rate, efficiency
    3rd is 1st and 3rd – similar to the “who's on first”? You use actual for 1st and 3rd formulas, standard for the others. (Use actual for what you can control as factory manager)
    4th SAD standard -actual = difference

    dmP Sprice-Aprice x A materials used
    dmU Susage-Ausage x Sprice paid
    dlR Srate-Arate x A hours used
    dlE Shours-Ahours x S rate per hour

    February 7, 2018 at 7:52 am #1708936
    Recked
    Participant

    I misread the ERM part earlier.
    It says the Sept 2017 CHANGES to ERM will not be tested until Q2 2018.
    so ERM is tested, just the 2017 changes are excluded until next qtr.

    February 7, 2018 at 8:20 am #1708941
    jenpen
    Participant

    @ReckedRacing I remembered PURE SAD DADS and that was my saving grace on variance stuff. It was the first thing I wrote down when I tested. Basically the same concept, just adds a mnemonic for the rest of it.

    Standard – Actual = Difference

    Price Difference – Actual
    Usage Difference – Standard
    Rate Difference – Actual
    Efficiency Difference – Standard

    AUD - 56 - 68 - 61 - 9/8/16
    REG - 75
    FAR - 7/15/16
    BEC - TBD

    Wiley CPAexcel and NINJA 10 Point Combo

    February 7, 2018 at 8:53 am #1708954
    Recked
    Participant

    Have anything handy for Overhead Var?

    February 7, 2018 at 9:00 am #1708956
    jenpen
    Participant

    Unfortunately, no. I never did come across anything that was easy for me to remember for those, so I had to think them through.

    FWIW – There is a thread floating around here that has a huge list of formulas for BEC. I printed it out and kept it in my notes for when I answered questions. It was super helpful in me learning the frequently used formulas.

    AUD - 56 - 68 - 61 - 9/8/16
    REG - 75
    FAR - 7/15/16
    BEC - TBD

    Wiley CPAexcel and NINJA 10 Point Combo

    February 7, 2018 at 9:05 am #1708962
    PJ
    Participant

    Does BEC have any kind of research SIM?

    February 7, 2018 at 9:06 am #1708966
    Recked
    Participant

    I believe the answer is no.
    I believe there is also no AL access to help you through any of the SIMs or WC.

    February 7, 2018 at 9:09 am #1708968
    jenpen
    Participant

    ^^^ @ReckedRacing that is correct

    AUD - 56 - 68 - 61 - 9/8/16
    REG - 75
    FAR - 7/15/16
    BEC - TBD

    Wiley CPAexcel and NINJA 10 Point Combo

    February 7, 2018 at 10:12 am #1708998
    Bourne
    Participant

    If someone finds the thread with the BEC formulas referenced above, please post link in here. I'm beginning to study today with only 4 weeks, need to be super efficient. Thanks!

    February 7, 2018 at 10:19 am #1708999
    Tim
    Participant

    The way I remembered variance formulas is that you always multiply by the actual quantity or the standard rate/price (AQ or SP). So whatever it is you're looking for, find the difference between standard and actual then multiply by either the actual quantity or the standard rate/price. e.g. Direct material price variance, difference between standard/actual price, times actual quantity. e.g. Direct material efficiency variance, difference between standard/actual quantity, times standard price. Works for all variance formulas. As for unfavorable vs favorable just think about it logically. If the actual price of materials was higher than the budget then that's obviously not a good thing. If it took less labor hours than the budget said that's a good thing. Etc.

    February 7, 2018 at 11:19 am #1709037
    PJ
    Participant

    Thanks. I didn't think so, but wanted to make sure.

    For some reason, I am just not as confident with BEC despite nearly 150 hours of studying. I had about the same number of hours studied for REG and found out the other day I scored a 91, so I was very happy with that. That was my first ever test so it was great to start with a success.

    But I felt better about REG going in than I do with BEC. I do feel like I know the material well enough to pass, just don't feel like I have it “mastered” like REG.

    My plan is to take the exam as soon as next week, just waiting on my NTS. These score release delays starting in Q2 are really killing me. I feel like I have to complete all 4 exams by June 10 so that it doesn't go into July and leave me waiting until the end of September for my score.

    February 7, 2018 at 11:43 am #1709047
    rencpa
    Participant

    @Jen

    Congratulations!! You made it. And you made it really well! Happy for you 🙂

    This will give me some encouragement although BEC is MY monster. Guess, other exams were too easy on me.

    February 7, 2018 at 11:47 am #1709055
    rencpa
    Participant

    Well, congratulations to all of you who passed BEC on February 6!

    Hope it is going to be my day soon. Feel like I will visit the moon before that happens lol

    Good luck all!

    February 8, 2018 at 10:04 am #1709617
    rencpa
    Participant

    Need help with understanding the Depreciation aka Capital Consumption Allowance under Income Approach in calculation the GDP.

    I have no problems with any other components, but this one is not clear. When I think about Depreciation, I certainly do not think about Income. I know I miss something, just do not know what.

    Maybe an example will help me to understand this. Any help will be appreciated.

    Thanks a lot.

    February 8, 2018 at 10:24 am #1709631
    jenpen
    Participant

    @Bourne Here is the link to the thread:

    https://www.another71.com/cpa-exam-forum/topic/first-time-poster-bec-formulas/

    AUD - 56 - 68 - 61 - 9/8/16
    REG - 75
    FAR - 7/15/16
    BEC - TBD

    Wiley CPAexcel and NINJA 10 Point Combo

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