BEC Study Group Q1 2015 - Page 33

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  • January 9, 2015 at 10:43 pm #655556
    Justdoit2014
    Member

    @Bobcat87, I am sure you will nail it, hang in there!

    FAR - 80 (Roger + Wiley TB) May 2014
    AUD - 82 (Roger + Gleim TB + Wiley TB) August 2014
    REG - 79 (Gleim + Gleim TB) November 2014
    BEC - 85 (Gleim + Gleim TB) January 2015

    January 10, 2015 at 2:49 am #655557
    Anonymous
    Inactive

    Oh man, if Bobcat was coin flipping, I'm freakin doomed. I was feeling prepared till I read that post.

    Thanks for sharing though. Looks like I'll be thoroughly freakin out all weekend.

    January 10, 2015 at 5:07 am #655558
    Shani-Q
    Member

    Del Co. has fixed costs of $100,000 and breakeven sales of $800,000. What is its projected profit at $1,200,000 sales?

    A.

    $50,000

    B.

    $150,000

    C.

    $200,000

    D.

    $400,000

    January 10, 2015 at 5:18 pm #655559
    Anonymous
    Inactive

    Answer 😀

    January 10, 2015 at 8:13 pm #655560
    Anonymous
    Inactive

    Shani-Q, Answer: (A)

    CM = 100/800 = 0.125

    SP – VC = CM – C = P

    $1,200,000 – (1,200,000*(1-0.125)) = 150,000 – 100,000 = 50,000

    January 10, 2015 at 8:33 pm #655561
    Anonymous
    Inactive

    DMende is right. I've studied so much I'm getting everything confused, even easy stuff

    I would have done it by multiplying the 400 above BEven by the CM

    400 * .125 = 50

    But since I'm stupid I can't realize that on my own. Here's to failing on Tuesday.

    January 11, 2015 at 1:58 pm #655562
    Shani-Q
    Member

    Correct answer: A

    Breakeven sales = Variable costs + Fixed costs

    Or:

    Variable costs = Breakeven sales – Fixed costs

    = $800,000 – $100,000

    = $700,000

    Variable cost rate = Variable Costs / Breakeven Sales

    = $700,000 / $800,000

    = .875

    Projected profit = Sales – Variable costs – Fixed costs

    = $1,200,000 – .875(1,200,000) – $100,000

    = $1,200,000 – $1,050,000 – $100,000

    = $50,000

    January 11, 2015 at 2:13 pm #655563
    Shani-Q
    Member
    January 11, 2015 at 2:53 pm #655564
    Shani-Q
    Member

    Asta, Inc., is a medical laboratory that performs tests for physicians. Asta anticipates performing between 5,000 and 12,000 tests during the month of April. Compared to industry averages, at the low range of activity Asta has a lower sales price per test, higher fixed costs, and the same breakeven point in number of tests performed. At the high range of activity, Asta’s sales price per test and fixed costs are the same as industry averages, and Asta’s variable costs are lower. At the low range of activity (0 to 4,999 tests performed) fixed costs are $160,000. At the high range of activity (5,000 to 14,999 tests performed) fixed costs are $200,000.

    Sales price per test $60

    Variable costs per test 20

    What is the number of units Asta must sell to achieve a gross profit of $160,000?

    A.

    4,000

    B.

    5,000

    C.

    8,000

    D.

    9,000

    January 11, 2015 at 2:59 pm #655565
    Shani-Q
    Member

    @ DoOver

    You'll be fine. Positive thoughts only…you will pass, you won't DoOver.

    January 11, 2015 at 5:01 pm #655566
    Anonymous
    Inactive

    Answer D

    (160,000 Fixed Costs + 160,000 desired profit) / (60 Sales Price – 20 Variable Costs) = 320,000 / 40 = 8,000 units. We throw away this answer because it falls out of our relevant range.

    so now we look at:

    (200,000 Fixed Costs + 160,000 desired profit) / (60 Sales Price – 20 Variable Costs) = 360,000 / 40 = 9,000 units. We keep this answer because it's in our relevant range.

    January 11, 2015 at 5:03 pm #655567
    Anonymous
    Inactive

    I took the last few days off. I really need a mental break from it since my exam isn't for a few more weeks. But today I need to get back on the horse. Going to purchase NINJA MCQ right now and start hitting it up.

    January 11, 2015 at 5:13 pm #655568
    rachel525
    Member

    Fabro, Inc. produced 1,500 units of Product RX-6 last week. The inputs to the production process for Product RX-6 were as follows:

    450 pounds of Material A at a cost of $1.50 per pound.

    300 pounds of Material Z at a cost of $2.75 per pound.

    300 labor hours at a cost of $15.00 per hour.

    What is the best productivity measure for the first-line supervisor in Fabro, Inc.'s production plant?

    a. 5.00 units per labor hour.

    b. 2.00 units per pound.

    c. 0.33 units per dollar input.

    d. $15.00 per labor hour.

    The answer is A. How do you calculate this question?

    January 11, 2015 at 8:41 pm #655569
    Anonymous
    Inactive

    I'm really glad I bought NINJA MCQ. I'm getting some topics that I've never seen before.

    Going in I knew my weakest area was the Financial Management portion and NINJA is showing that to be true. I'm really good with concepts but the Financial Management formulas are really tricky and cumbersome for me.

    January 12, 2015 at 12:34 am #655570
    ron10590
    Member

    I'm having trouble with this question regarding hedging…

    Banner Electronics has subsidiaries in several international locations and is concerned about its exposure to foreign exchange risk. in countries where currency values are likely to fall, Banner should encourage all of the following except:

    a) Granting trade credit wherever possible

    b) investing excess cash in inventory or other real assets

    c) Purchasing materials and supplies on a trade credit basis

    d) Borrowing local currency funds if an appropriate interest rate can be obtained

    Answer: A

    REG (7/14): 82
    FAR (11/14): 81
    BEC (1/15): 83
    AUD (5/15):

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