BEC Study Group Q1 2015 - Page 32

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  • January 8, 2015 at 9:32 pm #655540
    Anonymous
    Inactive

    Good luck tomorrow Bobcat. I'm going Tuesday and am starting to freak out. I've been through all becker MCs twice, and still have the weekend to review. Still worrying though. I need to start working on written part I think.

    I'm sure you will kill it.

    January 8, 2015 at 11:08 pm #655542
    Anonymous
    Inactive

    Hi Tech Corporation is a California based company that has contracted with a separate company in Vietnam to handle its customer service call center. Hi Tech Corporation's practice is most accurately described using the term:

    a. Outsourcing.

    b. Shared services.

    c. Globalization.

    d. Offshore operations.

    January 8, 2015 at 11:09 pm #655543
    Anonymous
    Inactive

    Thanks guys. I'm hoping for a “good” test. You know how random these things are.

    @DoOver — I wouldn't worry too much about the written part. I looked over some example responses in my CPAExcel study material and it's pretty much the stuff — structure (intro, body, conc) ; repeat key words ; spell and write grammatically correct. The only thing I'm unsure of is how much time to leave. I'm thinking 45 minutes. 25% of exam time for 15% of points seems reasonable.

    January 9, 2015 at 1:01 am #655544
    Tarheelgirl
    Member

    @doOver – I wouldn't worry about the written part. I would practice one or two just to get a feel of how you need to set up your paragraphs etc, but I would not study for it. You have been studying for the written part while studying for the MCQs. The terms and keywords is all you need.

    FAR - 46, 79 (7/8/14)
    AUD - 56, 59, 2/23/15 3rd times a charm!
    BEC - 69, 74 Really??
    REG - April, I hope. Fingers crossed!

    January 9, 2015 at 1:14 am #655545
    Anonymous
    Inactive

    Hi Everyone, I have a question that I would think would be easy for me to figure out but at least Becker is not explaining it at all.

    the MCQ:

    During May, Mercer Company completed 50,000 units costing $600,000, exclusive of spoilage allocation. Of these completed units, 25,000 were sold during the month. An additional 10,000 units, costing $80,000, were 50 percent complete at May 31. All units are inspected between the completion of manufacturing and transfer to finished goods inventory. Normal spoilage for the month was $20,000, and abnormal spoilage of $50,000 was also incurred during the month.

    The portion of total spoilage that should be charged against revenue in May is:

    a.

    $70,000

    b.

    $50,000

    c.

    $20,000

    d.

    $60,000

    The answer is $60,000, the explanation being that normal spoilage is allocated to “good production”. I thought that only spoilage that could be charged against revenue was abnormal spoilage?…

    Thank you in advance!

    January 9, 2015 at 1:19 am #655546
    Soon2beCPA
    Participant

    @DoOver – is the answer B – Outsourcing?

    BEC - 11/2015 - 82
    FAR - 10/1/2016
    AUD - 6/4/2016 - 80
    REG - 12/10/2016

    January 9, 2015 at 1:27 am #655547
    Anonymous
    Inactive

    To DoOvers question, I think it's actually globalization. Outsourcing is more broad which is why globalization is the more correct answer.

    January 9, 2015 at 2:05 am #655548
    Anonymous
    Inactive

    Here is the answer given.

    Choice “d” is correct. Offshore operations are the outsourcing of services or business functions to an external party in a different country. Hi Tech's decision to operate its call center out of Vietnam is an example of offshore operations.

    January 9, 2015 at 2:05 am #655549
    Anonymous
    Inactive

    Is the spoilage abnormal + ( 50% * normal spoilage)? Is that because only half were sold and half completed? I have no idea either, just guessing.

    Gotta love Becker sometimes. I so wish I had just got ninja at this point. Too late, but gosh I feel like a sucker for buying Becker.

    January 9, 2015 at 4:41 am #655550
    Anonymous
    Inactive

    Freely fluctuating exchange rates perform which of the following functions?

    a. They automatically correct a lack of equilibrium in the balance of payments.

    b. They make imports cheaper and exports more expensive.

    c. They eliminate the need for foreign currency hedging.

    d. They impose constraints on the domestic economy.

    January 9, 2015 at 4:43 am #655551
    Anonymous
    Inactive

    @DoOver — (A) ?

    January 9, 2015 at 6:32 am #655552
    Anonymous
    Inactive

    You are correct Bobcat. It is A

    January 9, 2015 at 4:44 pm #655553
    Anonymous
    Inactive

    Almost game time! I thought to myself last night… this could be your last night of studying for the rest of your life. 22 years of straight academics going from kindergarten – bachelors, masters, now this. Ready for this academic hell to end.

    January 9, 2015 at 5:41 pm #655554
    Tarheelgirl
    Member

    Your going to kill it Bobcat! Good Luck! Please report back later on your experience.

    FAR - 46, 79 (7/8/14)
    AUD - 56, 59, 2/23/15 3rd times a charm!
    BEC - 69, 74 Really??
    REG - April, I hope. Fingers crossed!

    January 9, 2015 at 10:31 pm #655555
    Anonymous
    Inactive

    So, just got back. Definitely the weirdest experience of all the exams, but this section is weird period. Somewhat frustrated at the amount of 50:50 coin flip questions I got. Overall, pretty much a comprehensive exam as advertised.

    Overall, I hope I feel okay about it. I told the person at the testing center I hope this is the last time I see you, no offense.

    It's absolutely going to be a long wait til Feb 4th. I'm either a CPA or still a candidate. Let the calendar day watching countdown begin…

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