[jeff]

I have a question that I hope you can help me with…. I purchased the Becker CD’s and installed them on my PC. I have taken and passed all but one of the exams (BEC left).. I was checking to see if my software was up to date and noticed an expiration date of November 2013.. Does this mean my software ( downloaded from my CD’s) will no longer work after November….or will it no longer be supported but I can still take practice exams and do study questions etc?

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

[JRyan154]

I am having a very hard time wrapping my head the Economics section, specifically supply and demand. Obviously I understand the basic price elasticity stuff, but when it comes to aggregate supply/demand and quantity supply/demand, GDP, inflation, etc. and how they all relate, it's very hard to put together. I feel like I am constantly reading contradicting things in Becker about what causes AD and AS to go up and down. Have any of you had similar experience? Did you find any good study methods to help you understand this besides just reading it over and over again (which I'm currently doing)?

AUD: 78
BEC: 81
FAR: 72 (TBD)
REG: TBD (2/14/14) <3

[kmm1216]

@nishvik: You don't include the Variable SG&A because it is a period cost and it isn't inventoriable. As far as I know, SG&A costs are never included in any inventory accounts at all. Those numbers are just there to trick you.

Essentially you just have to know which costs are inventoriable under which method?

Direct Materials – Inventoriable under both absoprtion & direct costing.

Direct Labor – Inventoriable under both absoprtion & direct costing.

Variable O/H – Inventoriable under both absoprtion & direct costing.

Fixed O/H – Inventoriable under ONLY absoprtion costing.

So as you can see, the question asks for direct costing Ending FG, so you use the first three on the list there. Had the method been under absorption costing instead, you would also add the Fixed O/H of $50,000 * ([20-18]/20) = $5,000, which would give you answer choice B.

BEC: 88 (8/27/13)
FAR: 93 (12/3/13)
REG: 92 (2/27/14)
AUD: 95 (4/22/14)

Roger CPA, Wiley Test Banks, NINJA Notes & Audio

[kmm1216]

@nishvik: You don't include the Variable SG&A because it is a period cost and it isn't inventoriable. As far as I know, SG&A costs are never included in any inventory accounts at all. Those numbers are just there to trick you.

Essentially you just have to know which costs are inventoriable under which method?

Direct Materials – Inventoriable under both absoprtion & direct costing.

Direct Labor – Inventoriable under both absoprtion & direct costing.

Variable O/H – Inventoriable under both absoprtion & direct costing.

Fixed O/H – Inventoriable under ONLY absoprtion costing.

So as you can see, the question asks for direct costing Ending FG, so you use the first three on the list there. Had the method been under absorption costing instead, you would also add the Fixed O/H of $50,000 * ([20-18]/20) = $5,000, which would give you answer choice B.

BEC: 88 (8/27/13)
FAR: 93 (12/3/13)
REG: 92 (2/27/14)
AUD: 95 (4/22/14)

Roger CPA, Wiley Test Banks, NINJA Notes & Audio

[barelystayingsane]

Just took the second Becker BEC practice exam. Here are my scores for both exams. I definitely thought the second exam was a LOT harder. Has me a little worried about the real thing.

Exam 1

Testlet 1 – 100%

Testlet 2 – 91%

Testlet 3 – 100%

Exam 2

Testlet 1 – 87%

Testlet 2 – 95%

Testlet 3 – 79%

I also did the 2013 AICPA released questions and got 38/40 (95%) correct. My scores seem to be all over the place.

[barelystayingsane]

Just took the second Becker BEC practice exam. Here are my scores for both exams. I definitely thought the second exam was a LOT harder. Has me a little worried about the real thing.

Exam 1

Testlet 1 – 100%

Testlet 2 – 91%

Testlet 3 – 100%

Exam 2

Testlet 1 – 87%

Testlet 2 – 95%

Testlet 3 – 79%

I also did the 2013 AICPA released questions and got 38/40 (95%) correct. My scores seem to be all over the place.

[mmp3]

Thx Seattle! Took my exam this evening. Not getting a warm cozy feeling about it. Felt equally bad coming out of REG last window so hoping for another good result.

FAR 92 (2/27/13)
AUD 99 (4/18/13)
REG 93 (7/5/13)
BEC 92 (8/12/13)

Becker Self Study

[mmp3]

Thx Seattle! Took my exam this evening. Not getting a warm cozy feeling about it. Felt equally bad coming out of REG last window so hoping for another good result.

FAR 92 (2/27/13)
AUD 99 (4/18/13)
REG 93 (7/5/13)
BEC 92 (8/12/13)

Becker Self Study

[SeattleAccountant]

@mmp3

Sounds you did great!

Hope to hear great results on 22nd, good job!

Becker Class of Jan - Aug 2013: FARB DONE!!!!
CPA license pending 🙂

[SeattleAccountant]

@mmp3

Sounds you did great!

Hope to hear great results on 22nd, good job!

Becker Class of Jan - Aug 2013: FARB DONE!!!!
CPA license pending 🙂

[lmendez2]

mmp3!! I am sure you rocked it!

FAR 5/29/13 75
REG 7/27/13 84
BEC 08/31/13 84
AUD 11/02/13 89

[lmendez2]

mmp3!! I am sure you rocked it!

FAR 5/29/13 75
REG 7/27/13 84
BEC 08/31/13 84
AUD 11/02/13 89

[Anonymous]

@barelystayingsane With that score on the AICPA released questions, I'll bet you rock this exam! I've heard the second Becker exam is extraordinarily tough, so don't worry too much about that one… Everyone says the AICPA questions are very accurate to the real deal, so sounds like you'll be in great shape!

[Anonymous]

@barelystayingsane With that score on the AICPA released questions, I'll bet you rock this exam! I've heard the second Becker exam is extraordinarily tough, so don't worry too much about that one… Everyone says the AICPA questions are very accurate to the real deal, so sounds like you'll be in great shape!

[nishvik]

Here is the Balance sheet and Income statement presentation under Absorption V/s Variable Costing.Had dobts and confusion about Variable selling expenses.So posted to Becker team and someone replied and sent me this.Which I found

helpful.So Sharing 🙂

ABSORPTION COSTING

BALANCE SHEET

Inventory:

Absorption Costing

DM, DL, Variable OH & Fixed OH

Income Statement

Absorption Costing

Sales

Less: Cost of Goods Sold [DM, DL, Variable OH & Fixed OH]

Gross Profit

Less: Variable & Fixed Selling (shipping is variable selling)

Less: Variable & Fixed G&A

Net Income

*(Shipping is variable selling and will only be on the income statement never part of inventory values.)

VARIABLE COSTING

BALANCE SHEET

Inventory:

Variable Costing

DM, DL, Variable OH

Income Statement

Variable Costing

Sales

Less: Variable Costs [DM, DL, Variable OH & Variable Selling & Variable G/A]

Contribution Margin

Less: Fixed OH

Less: Fixed Selling

Less: Fixed G&A

Net Income

FAR- 79 -->Becker self study, Final review & Flashcards
REG -72-->Becker ,76-->Becker plus Wiley test bank
AUD- 73 Becker,72-->Becker+Wiley,69-->Added ninja notes,89 --> Added Gleim review
BEC- 84 Becker plus Wiley Test bank

I am Done !!!!

[nishvik]

Here is the Balance sheet and Income statement presentation under Absorption V/s Variable Costing.Had dobts and confusion about Variable selling expenses.So posted to Becker team and someone replied and sent me this.Which I found

helpful.So Sharing 🙂

ABSORPTION COSTING

BALANCE SHEET

Inventory:

Absorption Costing

DM, DL, Variable OH & Fixed OH

Income Statement

Absorption Costing

Sales

Less: Cost of Goods Sold [DM, DL, Variable OH & Fixed OH]

Gross Profit

Less: Variable & Fixed Selling (shipping is variable selling)

Less: Variable & Fixed G&A

Net Income

*(Shipping is variable selling and will only be on the income statement never part of inventory values.)

VARIABLE COSTING

BALANCE SHEET

Inventory:

Variable Costing

DM, DL, Variable OH

Income Statement

Variable Costing

Sales

Less: Variable Costs [DM, DL, Variable OH & Variable Selling & Variable G/A]

Contribution Margin

Less: Fixed OH

Less: Fixed Selling

Less: Fixed G&A

Net Income

FAR- 79 -->Becker self study, Final review & Flashcards
REG -72-->Becker ,76-->Becker plus Wiley test bank
AUD- 73 Becker,72-->Becker+Wiley,69-->Added ninja notes,89 --> Added Gleim review
BEC- 84 Becker plus Wiley Test bank

I am Done !!!!

[Author]

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