[jeff]

I’ve had a few requests for April/May Study Groups…March will be here before you know it.

In order to take an early April exam, you should begin studying…now. 🙂

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

[Anonymous]

^^^ Mine was 55/45 computations to theory

[Quinacridone]

Crap, that's a lot of computations!!! I was hoping it would be more 30/60 computational to theory. I need to work on not using so much scratch paper to do my computations. I go through a front and back notebook size sheet for about every 15 computational questions.

I know they will give you extra, but I have NEVER gotten up for a test before and don't want to for this one. Maybe I can get 3 or 4 boards instead of just 2 at the beginning.

I hope you did well MassCPA!!!

REG - Nov 4, 2013: 88
FAR - Feb 27, 2014: 86
AUD - April 5, 2014: 91
BEC - May 6, 2014: 83

Florida CPA 24 July 2014
(Done in seven months - thank you Jesus!!)

[titoav15]

@ CPAOneDayHopefullay, thanks for the info! Yeah it shocked me that its 55/45 I thought it would be closer to what Quinacridone said. I did my BEC sections out of order, I am now working on section 2…. the variances…. I get it, it just takes a while to calculate them sometimes…. ugh… I only have section 3 left though lets see how that goes…

BEC: 5/21/14 82! PASSED HALF WAY THERE!
FAR: 4/2/15 80! Almost there!
AUD: 69, 74, 4/3/14 81! PASSED
REG: TBD

[Quinacridone]

Alex, I think doing them out of order makes perfect sense. The homework in sections 1, 2 and 3 need to be done closer to the test date. Some of the nuances may not be retained if you do them 4 weeks before hand. I pushed through all the lectures and did portions of the homework each night from every chapter so that I was learning and practicing as equally as possible.

Now that I'm in review mode, I do progress tests every night in Becker and a MCQ in the Ninja MCQs. I feel like that is going to keep me as balanced as possible in making sure that everything is being practiced and rehearsed. Five more days and this journey could be over for me (last test). Praying I can pull this off.

REG - Nov 4, 2013: 88
FAR - Feb 27, 2014: 86
AUD - April 5, 2014: 91
BEC - May 6, 2014: 83

Florida CPA 24 July 2014
(Done in seven months - thank you Jesus!!)

[titoav15]

Thanks Quinacridone. I wish us both luck on BEC and to find out the Audit score tomorrow!! I like BEC but it can be aggravating sometimes because it just jumps from topic to topic. I feel like BEC is just a “garbage can” of all the business/accounting material that did not make it to the other sections… and another obstacle to overcome for the CPA.

BEC: 5/21/14 82! PASSED HALF WAY THERE!
FAR: 4/2/15 80! Almost there!
AUD: 69, 74, 4/3/14 81! PASSED
REG: TBD

[159357]

Hi,

7 more days for the test and haven't touched the 6th chap from becker BEC yet. I was super busy at work till last week and didn't have any time to study. I am really worried now if I can cover the whole stuff. Theory questions from Chap 6 are okay, mostly common sense. But I am stuck at hedging. How big is hedging on the test? I just want to skip it and concentrate on the rest of the stuff. At the same time, a little scared to do that. I don't know what to do really.

[Quinacridone]

159357, I sit Tuesday so have no idea about the hedging. I'm encouraged seeing all of the passes in BEC from people who were not confident about passing after they sat. I got through all of chapter 6 pretty quickly, and then went back to do the harder areas (like the hedging). There are so many formulas and concepts that you need to have command of for the test – I would push hard to get through 6 tomorrow if you can and then go into serious review mode.

I just found out I passed AUD, so am stoked that Tuesday COULD BE my last sitting.

Weakest area: Writing! I fly home tomorrow (have been away at training for the last two weeks) and have a long layover. I've printed all of the Becker's writing Sims and am going to try to do some of those tomorrow as well as work some more in the IT chapter. I don't know how much IT will be on the test, but I would hate to miss points on low lying fruit type questions (no calculation – relatively easy to answer as long as you've read).

Tuesday…

REG - Nov 4, 2013: 88
FAR - Feb 27, 2014: 86
AUD - April 5, 2014: 91
BEC - May 6, 2014: 83

Florida CPA 24 July 2014
(Done in seven months - thank you Jesus!!)

[Anonymous]

I'm rooting for you ^^^

[159357]

wow! Congratulations Quinacridone! 91 is a fantastic score. I barely passed my Audit with a 79.

I am going through chapter 6 now and get it over with today. Then go back to Costing and Economics tomorrow. I've spent considerable time on IT. That was one boring topic! But again as you said, can't afford to lose points on some easy questions.

I fear the writing part. I went through the Becker simulations and have some idea now. But with BEC, the syllabus is so vast, they can ask anything from anywhere.

I just hate to fail and spend another month reading the same stuff.

Good luck to you on your Tuesday test.

[scarletknight91]

did anyone else find that the ch 2 multiple choice were time consuming or is my brain not functioning properly today lol.. usually these questions for becker take me tops minute 30 seconds to do.. today ive spent more than 7 min on a question for these involved variance questions and its frustrating because ive spent hours now to get only halfway through the 135 mc part of ch 2..

FAR: PASSED
REG: PASSED
AUD: PASSED
BEC: PASSED

DONE

[scarletknight91]

ChemKing uses a standard costing system in the manufacture of its single product. The 35,000 units of raw material in inventory were purchased for $105,000, and two units of raw material are required to produce one unit of final product. In November, the company produced 12,000 units of product. The standard allowed for material was $60,000, and there was an unfavorable quantity variance of $2,500.

The units of material used to produce November output totaled:

a. 12,000 units.

b. 12,500 units.

c. 24,000 units.

d. 25,000 units.

can anyone explain in simple terms why the answer is (d)?

FAR: PASSED
REG: PASSED
AUD: PASSED
BEC: PASSED

DONE

[How many letters do you need]

Scarlet: these are really tricky sometimes because the darn AICPA can hide info in tiny places. Here is how I did it :

12000 units of product = 24000 units of raw material (it states early on that 2 units of raw material are required for one unit of finished goods).

Each unit of raw material has a standard cost of $2.50 (60,000 total std cost/24000 units).

So there were an additional 1000 units of raw material used ($2500 unfav usage variance/2.50 std cost each)

24000+1000=25000 units used.

I missed the 2 for 1 ratio the first time I skimmed the problem….they can hide info everywhere!

MBA,CMA,CPA, CFF?, ABV?

[scarletknight91]

How many letters do you need: are you solving this problem from memory (ie youve seen this problem before) or you solved the problem using your logic having not seen this in the past? Because I am having a hard time understanding how the 1000 gets added to the 24000. by dividing $2.50 (per raw material) into 2500, isnt that a representation of the extra dollar amount of raw material used? (61000-60000)*2.5 = 2500 unfavorable is the complete formula, correct? Well looking at 61000 why arent we dividing the standard price into it like we did for 60000 to find the units used? 60000/2.5 = 24000 and 61000/2.5 = 24400… so basically what i dont understand is why we are adding a dollar value difference to something denominated in units

FAR: PASSED
REG: PASSED
AUD: PASSED
BEC: PASSED

DONE

[How many letters do you need]

Scarlet: I think you are way over thinking this:)

I've never seen this problem. Where you get the 1000 units is just working backwards. The problem gives you the standard units used and then states that there was a raw materials USAGE variance of $2500 which just means that you used $2500 worth of raw materials more than you should have according to the standard. At that point all you have to do is figure out how many units that is. $2500/$2.50 standard =1000 units. Make sense?

MBA,CMA,CPA, CFF?, ABV?

[scarletknight91]

How many letters do you need: i think i figured out my problem. the formula isnt (61000 – 60000) its (25000 – 24000). i misunderstood the formula

FAR: PASSED
REG: PASSED
AUD: PASSED
BEC: PASSED

DONE

[Author]

Replies