[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

[Qlad]

just a random question…. I always getr confused…after practicing so many times….pls help

Std quantity of the material per unit of output 4.5 pounds

std price of the material $13.90/ pound

Actual material purchased 2000 pounds

Actual cost of material purchased $26200

Actual material used in production 1300 pounds

actual output 220 units

What is the material price variance for the month?

What is the material quantity variance for the month?

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

[smsingla]

Is material price Variance $1,600 favorable?

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

[smsingla]

Is material price Variance $1,600 favorable?

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

[smsingla]

And Material quantity variance $4,309 Unfavorable. I feel it is a weird number but that is what I m getting

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

[smsingla]

And Material quantity variance $4,309 Unfavorable. I feel it is a weird number but that is what I m getting

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

[princeCPA]

@Qlad I solved this way…let me know the answer

Material price variance always considers the purchased amount not the used amount;

Std= 13.9*2000=27,800

Actual= 26200

Favorable variance of 1600 (27800-26200)

Material Efficiency variance consider the used amount

Sq*Sp= 4.5*220*13.9=13761

Aq*sp=1300*13.9=18070

Unfavorable variance of 4,309 (18070-13761)

BEC 79
FAR 86
AUD 79
REG 90

[princeCPA]

@Qlad I solved this way…let me know the answer

Material price variance always considers the purchased amount not the used amount;

Std= 13.9*2000=27,800

Actual= 26200

Favorable variance of 1600 (27800-26200)

Material Efficiency variance consider the used amount

Sq*Sp= 4.5*220*13.9=13761

Aq*sp=1300*13.9=18070

Unfavorable variance of 4,309 (18070-13761)

BEC 79
FAR 86
AUD 79
REG 90

[nsc2014]

@Qlad

Is that the answer 1600 F and 4309 U?

AUD 76
FAR 85
BEC 80
REG 82

[nsc2014]

@Qlad

Is that the answer 1600 F and 4309 U?

AUD 76
FAR 85
BEC 80
REG 82

[UCMCPA]

@jydotcome.

I used Becker.

Price variance will be 26,200 vs 2,000 x 13.9

Usage variance will be 13.9 x 1300 vs (220 x 4.5 ) x 13.9

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

[UCMCPA]

@jydotcome.

I used Becker.

Price variance will be 26,200 vs 2,000 x 13.9

Usage variance will be 13.9 x 1300 vs (220 x 4.5 ) x 13.9

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

[nsc2014]

@UCMCPA

same answer! : )))))

hope there are only material and labor variance in exam!

AUD 76
FAR 85
BEC 80
REG 82

[nsc2014]

@UCMCPA

same answer! : )))))

hope there are only material and labor variance in exam!

AUD 76
FAR 85
BEC 80
REG 82

[HurricaneDitka]

Thanks Prince. I would pound COSO and COBIT — read and re-read those parts. I did not have much cost accounting which was extremely weird. I spent a lot of time memorizing formulas, and never had to use them.

I feel like BEC is such a crap shoot. There are so many topics crammed into that test, it is more like a flavor of the month from the AICPA with regards to tested material.

Did anyone feel like the testlets got harder if you think you did better? I buzzed through the first testlet, felt like I didn't really miss anything, and then got slammed on testlet 2 and 3.

Give yourself at least 40 minutes to do the simulations if you are running out of time. That is a free 15 points if you can structure a memo and write in complete sentences.

AUD - 99 (10/18/13)
BEC - ?? (11/22/13)
REG - ?? (01/10/14)
FAR - ?? (sometime spring 2014)

[HurricaneDitka]

Thanks Prince. I would pound COSO and COBIT — read and re-read those parts. I did not have much cost accounting which was extremely weird. I spent a lot of time memorizing formulas, and never had to use them.

I feel like BEC is such a crap shoot. There are so many topics crammed into that test, it is more like a flavor of the month from the AICPA with regards to tested material.

Did anyone feel like the testlets got harder if you think you did better? I buzzed through the first testlet, felt like I didn't really miss anything, and then got slammed on testlet 2 and 3.

Give yourself at least 40 minutes to do the simulations if you are running out of time. That is a free 15 points if you can structure a memo and write in complete sentences.

AUD - 99 (10/18/13)
BEC - ?? (11/22/13)
REG - ?? (01/10/14)
FAR - ?? (sometime spring 2014)

[Author]

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