[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

[pia ach]

Hi

Can someone please tell me whether defective units are added while computing for equivalent units? In WTB i see two questions, with conflicting answers.

Thanks!

Finally done!!! Experience-pending. Ethics- Pending.
Reg 78 / 73/82.
Aud 74/89.
BEC 72 /78.
FAR 74/ 73/ 82.

[pia ach]

Hi

Can someone please tell me whether defective units are added while computing for equivalent units? In WTB i see two questions, with conflicting answers.

Thanks!

Finally done!!! Experience-pending. Ethics- Pending.
Reg 78 / 73/82.
Aud 74/89.
BEC 72 /78.
FAR 74/ 73/ 82.

[Amay]

Good luck to everyone sitting for BEC this last window! I am heading over to the FAR study group now…excited to leave BEC group (hopefully) once and for all!

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]

Good luck to everyone sitting for BEC this last window! I am heading over to the FAR study group now…excited to leave BEC group (hopefully) once and for all!

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 🙂

[Anonymous]

@pia ach – Normal defective units are included in inventory (Equivalent units), whereas, abnormal defective units are expensed as period costs. I would treat defective units the same way you would treat spoilage.

See question 28 here

https://books.google.com/books?id=ZFzbpu7TLPEC&pg=PA1250&lpg=PA1250&dq=defective+units+equivalent+unit&source=bl&ots=j8plBS3m0c&sig=bD34C0OvG-rwfv0egY9hgsk8WU4&hl=en&sa=X&ei=MlBvUuMxpIaMAuqLgPgL&ved=0CDQQ6AEwAg#v=onepage&q=defective%20units%20equivalent%20unit&f=false

[Anonymous]

@pia ach – Normal defective units are included in inventory (Equivalent units), whereas, abnormal defective units are expensed as period costs. I would treat defective units the same way you would treat spoilage.

See question 28 here

https://books.google.com/books?id=ZFzbpu7TLPEC&pg=PA1250&lpg=PA1250&dq=defective+units+equivalent+unit&source=bl&ots=j8plBS3m0c&sig=bD34C0OvG-rwfv0egY9hgsk8WU4&hl=en&sa=X&ei=MlBvUuMxpIaMAuqLgPgL&ved=0CDQQ6AEwAg#v=onepage&q=defective%20units%20equivalent%20unit&f=false

[pia ach]

Thanks DrumNum. Giving BEC today. Needless to say i am freaking out, is my second attempt and i feel i studied so much more but i remember nothing…Good luck to everyone giving exam this week.

Finally done!!! Experience-pending. Ethics- Pending.
Reg 78 / 73/82.
Aud 74/89.
BEC 72 /78.
FAR 74/ 73/ 82.

[pia ach]

Thanks DrumNum. Giving BEC today. Needless to say i am freaking out, is my second attempt and i feel i studied so much more but i remember nothing…Good luck to everyone giving exam this week.

Finally done!!! Experience-pending. Ethics- Pending.
Reg 78 / 73/82.
Aud 74/89.
BEC 72 /78.
FAR 74/ 73/ 82.

[Liss, Master of Coin]

Hi, has anyone done question PLAN-0091 in WTB?

The question is:

“Relevant information for material A follows:

Quantity purchased 6,500

Standard Quantity Allowed 6,000

Actual price $3.80

Standard price $4.00

What is the direct material price variance?”

I did the AQ(SP-AP) equation, so 6,500(3.80-4.00) = ($1,300)

Since the total is negative (actual cost more than standard), it should be an unfavorable variance…right?

I got this question wrong because WTB says:

“In this case, the material price variance is equal to $1,300 favorable [($3.80 – $4.00) × 6500 lbs]”

I'm so confused…urgh. I thought negative meant unfavorable.

CPA (MA, Non-Reporting)

The difference in winning & losing is most often, not quitting - Walt Disney

B - 33, 71, 79!
A - 32, 61, 70, 83!
R - 33, 58, 73, 69, 81!
F - 47, 78! 🙂
After 3 long years, I'm finally DONE!
I could not have done it without NINJA MCQs.

Used: Roger for his Videos, WTB, and NINJA Audio, Notes and Test Bank.

[Liss, Master of Coin]

Hi, has anyone done question PLAN-0091 in WTB?

The question is:

“Relevant information for material A follows:

Quantity purchased 6,500

Standard Quantity Allowed 6,000

Actual price $3.80

Standard price $4.00

What is the direct material price variance?”

I did the AQ(SP-AP) equation, so 6,500(3.80-4.00) = ($1,300)

Since the total is negative (actual cost more than standard), it should be an unfavorable variance…right?

I got this question wrong because WTB says:

“In this case, the material price variance is equal to $1,300 favorable [($3.80 – $4.00) × 6500 lbs]”

I'm so confused…urgh. I thought negative meant unfavorable.

CPA (MA, Non-Reporting)

The difference in winning & losing is most often, not quitting - Walt Disney

B - 33, 71, 79!
A - 32, 61, 70, 83!
R - 33, 58, 73, 69, 81!
F - 47, 78! 🙂
After 3 long years, I'm finally DONE!
I could not have done it without NINJA MCQs.

Used: Roger for his Videos, WTB, and NINJA Audio, Notes and Test Bank.

[supervisor]

@liss….looking at your equation, you have it set up wrong. SP is $4.00 but above you have it as the AP.

BEC 10/13 PASSED 77
AUD 04/12 PASSED 83
FAR 08/12 PASSED 76
REG 02/13 PASSED 76

Licensed in PA on 12/23/13. Yea boy!!

[supervisor]

@liss….looking at your equation, you have it set up wrong. SP is $4.00 but above you have it as the AP.

BEC 10/13 PASSED 77
AUD 04/12 PASSED 83
FAR 08/12 PASSED 76
REG 02/13 PASSED 76

Licensed in PA on 12/23/13. Yea boy!!

[pia ach]

liss_ will_be_a_CA_CPA it should be AQ( AP-SP) then you will get favorable

Finally done!!! Experience-pending. Ethics- Pending.
Reg 78 / 73/82.
Aud 74/89.
BEC 72 /78.
FAR 74/ 73/ 82.

[pia ach]

liss_ will_be_a_CA_CPA it should be AQ( AP-SP) then you will get favorable

Finally done!!! Experience-pending. Ethics- Pending.
Reg 78 / 73/82.
Aud 74/89.
BEC 72 /78.
FAR 74/ 73/ 82.

[pia ach]

In the BEC memo, are we supposed to sign off or just end with please contact me at …. if you need additional information. Also where should i write the date?

Finally done!!! Experience-pending. Ethics- Pending.
Reg 78 / 73/82.
Aud 74/89.
BEC 72 /78.
FAR 74/ 73/ 82.

[Author]

Replies