[jeff]

BEC Resources:

Free BEC Notes & Audio – https://www.another71.com/cpa-exam-study-plan

BEC 10 Point Combo: https://www.another71.com/products-page/ten-point-combo

BEC Score Release: https://www.another71.com/cpa-exam-scores-results-release

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

[UCMCPA]

Qlad, only halfway through chapter 1 and not sure if I can help, but I'll take a stab at it. You don't want to use the direct labor costs, the DRIVER here is the hours. You use the hours and the budgeted OH items to figure out total OH.

Budgeted fixed OH = 25,000 cost / 20,000 hours x 1500 actual hours = 1875

Budgeted variable OH = 50,000 cost / 20,000 budgeted hours x 1500 actual hours = 3750

= 5625

FAR - 84
AUD - 94
REG - 86
BEC - 86

[UCMCPA]

Qlad, only halfway through chapter 1 and not sure if I can help, but I'll take a stab at it. You don't want to use the direct labor costs, the DRIVER here is the hours. You use the hours and the budgeted OH items to figure out total OH.

Budgeted fixed OH = 25,000 cost / 20,000 hours x 1500 actual hours = 1875

Budgeted variable OH = 50,000 cost / 20,000 budgeted hours x 1500 actual hours = 3750

= 5625

FAR - 84
AUD - 94
REG - 86
BEC - 86

[Qlad]

@ucmcpa….trying my best to understand…i kno i won't get it in one time….

just want to know …i am taking 5-8 min to do these problems ….and also looking at the formulas most of the time to see what can bring me to an answer…don't know if this is the way to go or doing too bad…..

FAR 72,71,81 🙂
AUD 64,71, 72, 75 🙂 I'm done !!!
REG 73, 74, 74, 84 🙂
BEC 76 🙂

[Qlad]

@ucmcpa….trying my best to understand…i kno i won't get it in one time….

just want to know …i am taking 5-8 min to do these problems ….and also looking at the formulas most of the time to see what can bring me to an answer…don't know if this is the way to go or doing too bad…..

FAR 72,71,81 🙂
AUD 64,71, 72, 75 🙂 I'm done !!!
REG 73, 74, 74, 84 🙂
BEC 76 🙂

[UCMCPA]

The problem looks to be addressing a traditional cost system with one driver (hours). The fact that they give you direct labor costs, direct materials and machine hours are distractions.

To figure out the actual oh to be applied you take two formulas

Calculated overhead rate :budgeted OH (75,000) / estimated driver (hours) 20,000

ACTUAL to be applied = Step 1 x actual hours .

FAR - 84
AUD - 94
REG - 86
BEC - 86

[UCMCPA]

The problem looks to be addressing a traditional cost system with one driver (hours). The fact that they give you direct labor costs, direct materials and machine hours are distractions.

To figure out the actual oh to be applied you take two formulas

Calculated overhead rate :budgeted OH (75,000) / estimated driver (hours) 20,000

ACTUAL to be applied = Step 1 x actual hours .

FAR - 84
AUD - 94
REG - 86
BEC - 86

[Qlad]

got it…i was doing the right steps but used $100,000 instead of budgeted fixed and variable costs…thanks

FAR 72,71,81 🙂
AUD 64,71, 72, 75 🙂 I'm done !!!
REG 73, 74, 74, 84 🙂
BEC 76 🙂

[Qlad]

got it…i was doing the right steps but used $100,000 instead of budgeted fixed and variable costs…thanks

FAR 72,71,81 🙂
AUD 64,71, 72, 75 🙂 I'm done !!!
REG 73, 74, 74, 84 🙂
BEC 76 🙂

[NYIACCT89]

I just started studying this past week…I have a feeling that BEC is going to be by far the toughest for me. I can't stand this stuff!

FAR - 7/1/13 - 98
AUD - 8/31/13 - 94
BEC - 11/23/13 - 89
REG - 1/13/14 - 86

Study Materials:
Becker - Online Course and Flash Cards

[NYIACCT89]

I just started studying this past week…I have a feeling that BEC is going to be by far the toughest for me. I can't stand this stuff!

FAR - 7/1/13 - 98
AUD - 8/31/13 - 94
BEC - 11/23/13 - 89
REG - 1/13/14 - 86

Study Materials:
Becker - Online Course and Flash Cards

[Amay]

@journhi I think that's awesome. I am using NINJA method this time around too. I tried to implement it last time 1/2 way through my studying but I simply ran out of time. I know better now though. Staying positive that this WILL work for us! 🙂

BEC: 73, 81
AUD: 85
FAR: 71, 77
REG: 74, 75...finally DONE! 😀

*This is my 2nd attempt at the CPA exam. For all of you who have failed this exam many times, given up on it, or taken a break like me, remember that it is still possible to finish what you started...failure is the opportunity to begin again more intelligently 🙂

[Amay]

@journhi I think that's awesome. I am using NINJA method this time around too. I tried to implement it last time 1/2 way through my studying but I simply ran out of time. I know better now though. Staying positive that this WILL work for us! 🙂

BEC: 73, 81
AUD: 85
FAR: 71, 77
REG: 74, 75...finally DONE! 😀

*This is my 2nd attempt at the CPA exam. For all of you who have failed this exam many times, given up on it, or taken a break like me, remember that it is still possible to finish what you started...failure is the opportunity to begin again more intelligently 🙂

[Amay]

That is so sweet that they extended the testing window….maybe I should think about extending my FAR exam!

BEC: 73, 81
AUD: 85
FAR: 71, 77
REG: 74, 75...finally DONE! 😀

*This is my 2nd attempt at the CPA exam. For all of you who have failed this exam many times, given up on it, or taken a break like me, remember that it is still possible to finish what you started...failure is the opportunity to begin again more intelligently 🙂

[Amay]

That is so sweet that they extended the testing window….maybe I should think about extending my FAR exam!

BEC: 73, 81
AUD: 85
FAR: 71, 77
REG: 74, 75...finally DONE! 😀

*This is my 2nd attempt at the CPA exam. For all of you who have failed this exam many times, given up on it, or taken a break like me, remember that it is still possible to finish what you started...failure is the opportunity to begin again more intelligently 🙂

[Jennifer241]

I extended my FAR exam to Dec 4th. Gives me another weekend to study, so I figured why not?

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

[Author]

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