[jeff]

Guess I’ll kick it off!

Scheduled to take BEC on 4/19. It’s my last test so I’m putting as much study time in as I can. If I pass I get promoted, if I don’t pass I don’t get promoted, so the pressure is on!!

Good luck to everyone taking BEC this quarter!

Jeff Elliott, CPA (KS) | Another71 | NINJA CPA | NINJA CMA | NINJA CPE

[vartex]

So I got the Wiley Test Bank this time around. I've already failed it three times. Do you think I should skip Becker entirely and just read through my old notes and do Wiley?

[Jennifer241]

On my audit retake, I purchased Wiley and NINJA notes and slammed out all MCQ's and took new notes. Looked at NOTHING from my old stuff. Goodluck!

AUD - Jan 9,13 Pass
REG - Aug 30,13 Pass
BEC - Oct 26,13 Pass
FAR - Dec 4,13 Pass

Licensed CPA in the state of Oregon

[Anonymous]

I signed up for the exam on May 30 at 5pm. Do you guys think one month of study is good enough for this section? I plan to study about 4 hours a day.

[Anonymous]

@so1913 I know exactly how you feel! I was going over B2 today and sometimes I'm cursing about “I should know this!!! Why don't I know this!?!” Feeling better after going through it all again, however!

[so1913]

@cardea I'm still trying to get there! Well, your post gives me hope lol.

About to get started reviewing now…I really wanted to be done with first round of B2 MCQ by now, exam in 16 days 🙁

AUD - 90 Pass
REG - 70,61,81 Pass DONE DONE DOOOOONNEEE!!!!!!!!
BEC - 79 - Pass
FAR - 70,82 - Pass

[so1913]

OMG I think I finally get DM and DL variances and the whole PURE DADS Mnemonic!

There's been a breakthrough!

AUD - 90 Pass
REG - 70,61,81 Pass DONE DONE DOOOOONNEEE!!!!!!!!
BEC - 79 - Pass
FAR - 70,82 - Pass

[teffeke]

I need some suggestions from people who are using or have used Becker for BEC. My test is the 15th and I believe that I will have mastered all material in chapters 1-5. I would like to take some time to go back and review these chapters thoroughly before the test and am planning on only focusing on studying major parts of chapter 6 since I generally don't like to cover too much new material while reviewing. Can someone tell me what sections of chapter 6 would be the most important to focus on?

R
A-91
B
F-89

[teffeke]

I need some suggestions from people who are using Becker. What are the most important parts of chapter 6 to study? I am going to have time to cover 1-5 thoroughly, but I'm only going to have time to hit the majorly important parts of Chapter 6. What should I really spend my time focusing on?

R
A-91
B
F-89

[goods4188]

Does anyone else feel like the IT questions are completely arbitrary? It just seems like they can be interpreted so differently every time. Such a weird chapter… Maybe it is just me?

[sarahem]

I'm having trouble understanding the basis algebra they used to come up with the answers on these two questions. Does anyone have a better way to explain it than below? I've listed the question then answer for each.

Brewster Co. has the following financial information:

Fixed costs $20,000

Variable costs 60%

Sales price $50

What amount of sales is required for Brewster to achieve a 15% return on sales?

This answer follows a contribution margin income statement format involving a 15% markup on sales, solves for quantity, (i.e., $50Q – 0.6(50Q) – $20,000 = 0.15(50Q)), and then multiplies quantity by price ($50 x 1,600 = $80,000).

A company's target gross margin is 40% of the selling price of a product that costs $89 per unit. The product's selling price should be?

If P = price and C = cost, and cost is $89, target gross margin is .4P, and P – C = .4P. Thus, we solve for P in the equation P – $89 = .4P to find P = $148.33.

AUD - 4/3/13-60 Retake 7/2/13-72 Retake 11/13/13-74 Retake 5/14/14
BEC - 5/30/13-76
FAR - 2/14/14-79
REG - 4/4/14

[Anonymous]

How much is everyone studying? I am studying with beckers and it seems like i have to go through the lectures 2 times in order to understand the material. should i be listening to lectures or just do questions?

[Anonymous]

How much is everyone studying? I am studying with beckers and it seems like i have to go through the lectures 2 times in order to understand the material. should i be listening to lectures or just do questions?

[Shanta_J]

Hi Sarahem,

I think the way they worked it out can be simplified.

You know that VC is 60% FC is 20,000 and you want a 15% return on sales. The question is asking what SALES should be, so the $50 is irrelevant.

So, Sales needs to cover your variable cost, fixed costs, AND give you a 15% return. So the formula is as follows:

*Sales= VC+Net Income + Fixed Costs

Sales= .60(sales)+.15(sales)+20,000

Sales= .75(sales) + 20000

Now you subtract .75 from both sides, because sales represent 100 %

.25(sales)=20000

20000/.25= $80000

*Note: The sales formula comes from the basic formula of “Income= Sales-FC-VC” (you just add/subtract from either side to get what you are looking for).

Now for you other question, if the company wants a gross margin of 40% for a unit that costs for $89. That means you want

100% (sales)-60% (Cost)=40% (Gross Margin)

Based on the equation above, in order to achieve a 40% gross margin that means the cost is 60% of your selling price.

(.60)X Selling Price= Variable Cost

.60 x Selling Price = 89

Selling Price= 89/.60

Selling Price= 148.33

REG*75* 02.27.13(1)
AUD*82* 04.15.13(1)
BEC 05.29.13
FAR 08.12.13

-Becker Self-Study-
*Through God all things are Possible*

[Theo]

Hi everyone, I just started studying for BEC and I must say that this corporate govenance section is really boring me. I hope it gets better.

AUD 01/17/2013 (92)
REG 02/28/2013 (85)
FAR 04/26/2013 (85)
BEC 05/30/2013 (88)

[Anonymous]

Theo…i agree with you! i started studying two days ago and my test is on 5/30. What's your plan to study for this section? how many hours a day? this is my first test so i am really nervous and i have been out of school for 5 years.

[Author]

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