[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

[Reflektor]

Took it this morning. My third try. Got a 70 the first time and a 72 the second time, praying this is the one. I honestly felt pretty good about it……but I've said that in the past before

Good luck everyone!

BEC - 69, 70, 82 - DONE
FAR - 59, 77 - DONE
REG - 53, 70, 85 - DONE
AUD - 66, 68, 70, 85 - DONE

[Qlad]

got a question…

M produced 100000units and sold 80000units…

Manufacturing costs -Fixed 180000

Variable -160000

Selling and Admin. Fixed 90000

Variable 40000

How much lower M's net income be , if it used VC instead of ABsorption costing?

A. 54,000

B 36,000

C.94,000

D. 68,000

I got the answer 54000 but they say it's wrong…the answer is 36000….can't understand why…think…score release has triggered my panic button….can't think straight anymore…

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

[Qlad]

got a question…

M produced 100000units and sold 80000units…

Manufacturing costs -Fixed 180000

Variable -160000

Selling and Admin. Fixed 90000

Variable 40000

How much lower M's net income be , if it used VC instead of ABsorption costing?

A. 54,000

B 36,000

C.94,000

D. 68,000

I got the answer 54000 but they say it's wrong…the answer is 36000….can't understand why…think…score release has triggered my panic button….can't think straight anymore…

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

[Gabronis]

The only difference is the use of manufacturing cost. Variable costing would expense the whole 180,000. Absorption doesn't expense what's left in inventory, so they would expense 80% of 180,000. which is 144,000. That means that variables costing expenses 36,000 more.

[Gabronis]

The only difference is the use of manufacturing cost. Variable costing would expense the whole 180,000. Absorption doesn't expense what's left in inventory, so they would expense 80% of 180,000. which is 144,000. That means that variables costing expenses 36,000 more.

[Qlad]

@gabronis…..I want to understand this properly….u just took the Fixed MOH and multiplied with 80%….bcoz in AB costing only the fixed MOH will be in proportion to sales…..what i did was got the difference between Ending inventory of 20000 units between VC and AB costing and got the answer 54000

How will the question be if the answer was 54,000….bcoz I kno i understood the question wrong….so pls help me here…

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

[Qlad]

@gabronis…..I want to understand this properly….u just took the Fixed MOH and multiplied with 80%….bcoz in AB costing only the fixed MOH will be in proportion to sales…..what i did was got the difference between Ending inventory of 20000 units between VC and AB costing and got the answer 54000

How will the question be if the answer was 54,000….bcoz I kno i understood the question wrong….so pls help me here…

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

[smsingla]

Only difference b/w Variable costing and Absorption costing is the treatment of FMOH. So to find the difference in Net Income, formula is

(change in ending inventory) x (FMOH/unit) = (100,000-80,000) x (180,000/100,000)= 20,000x 1.8 =36,000

REG 81
BEC 74,65,78
FAR 79
AUD 85 DONE!!!

[smsingla]

Only difference b/w Variable costing and Absorption costing is the treatment of FMOH. So to find the difference in Net Income, formula is

(change in ending inventory) x (FMOH/unit) = (100,000-80,000) x (180,000/100,000)= 20,000x 1.8 =36,000

REG 81
BEC 74,65,78
FAR 79
AUD 85 DONE!!!

[Qlad]

thanks smsingla and gabronis….i got it now….hope i don't do this stupid mistake in the exam…

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

[Qlad]

thanks smsingla and gabronis….i got it now….hope i don't do this stupid mistake in the exam…

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

[UCMCPA]

Just got back.

MCQ, easy. WC, out of left field.

I hope I can say that I'm done. I felt like I passed, however, I'm worried because this is the only one I felt like I passed.

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

[UCMCPA]

Just got back.

MCQ, easy. WC, out of left field.

I hope I can say that I'm done. I felt like I passed, however, I'm worried because this is the only one I felt like I passed.

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

[smsingla]

@Qlad, I am using Yaeger CPA videos for BEC and Cindy, the instructor, has a very different way of teaching this part. She said that do not do too much thinking. Just for the exam day remember that under US GAAP i.e. ABSORPTION COSTING, NET INCOME ALWAYS FOLLOW INVENTORY. that means if ending inventory increases, Net Income will be higher in absorption costing compared to Variable costing or if inventory decreases, Net Income will be lower in absorption costing compared to Variable costing. And the formula is (change in ending inventotry) X (FMOH/unit).

REG 81
BEC 74,65,78
FAR 79
AUD 85 DONE!!!

[smsingla]

@Qlad, I am using Yaeger CPA videos for BEC and Cindy, the instructor, has a very different way of teaching this part. She said that do not do too much thinking. Just for the exam day remember that under US GAAP i.e. ABSORPTION COSTING, NET INCOME ALWAYS FOLLOW INVENTORY. that means if ending inventory increases, Net Income will be higher in absorption costing compared to Variable costing or if inventory decreases, Net Income will be lower in absorption costing compared to Variable costing. And the formula is (change in ending inventotry) X (FMOH/unit).

REG 81
BEC 74,65,78
FAR 79
AUD 85 DONE!!!

[Author]

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