[jeff]

Welcome to the Q2 2015 CPA Exam Study Group for BEC.

Economic Cycles (All Across the Land)https://www.another71.com/economic-cycles-rap/

Posted by Another71 on Thursday, November 6, 2014

Free NINJA: https://www.another71.com/cpa-exam-study-plan/

Jeff Elliott, CPA (KS) | Another71 | NINJA CPA | NINJA CMA | NINJA CPE

[Anonymous]

Yes ARCPA2B, that's really confusing.

I agree that variable costing and contribution are under one umbrella:

VCDM = Variable Costing = Contribution Approach = Direct Costing = Marginal Costing

AFP = Absorption Costing = Full Costing = Product Costing

However, if we compare only variable costing and contribution approach (ignoring AFP for the time being), we separate variable FOH (Factory Overhead) and SGA (Selling, General, and Administrative Expenses) to segregate product and period costs.

Under contribution approach, we separate VCs (DM, DL, FOH, & SGA) and FCs (ALL FIXED expenses) to arrive at our contribution margin.

[CPAchiever]

@ARCPA2B

With variable costing, in the Balance Sheet, the cost of “inventory” produced includes only: direct material used, direct labor and variable manufacturing overhead applied. In the Income Statement, the variable costs of “products sold” will include variable SG&A expense in the computation of contribution margin. –

I struggled with this too. =/

[Anonymous]

Thanks guys, I've definitely found a big hole in my BEC knowledge. Definitely going to be studying those concepts.

[Ssbknyc]

@ARCPA2B

You're right, let me clarify.. Variable SG&A costs is not included COGS but is included when calculating the contribution margin under the Variable Costing.

Under Variable Costing, Revenue – COGS – Variable SG&A = Contribution Margin

Done 08/2014-08/2015

[Anonymous]

@Ssbknyc – Thanks for helping me with this concept. I never put the pieces together that I should look at them as a different approach for the B/S and I/S. Between you, Amor and CPAchiever I have noticed how far off base I was. Thanks again for the help.

[Anonymous]

I was prepared for Cost Accounting, but it didn't help me much last Saturday. Bummer!

I wish I knew more of Financial Management, WACC, Payback, NPV, and all kinds of crazy interest rates in the market.

[Anonymous]

Anyone using Becker and just completely lost on any variable OH and fixed OH variance questions? It's gotten to the point that I just skip them and pray I don't get asked any on my exam.

[ofarooqi]

@chiefs5021 I do understand. But variable OH variances still fine its the fixed OH variances that are completely above and beyond me now. Also, the last unit is really troubling me as the material is really scattered there.

5/14/2015 - FAR - 92
5/20/2015 - REG - 92
5/24/2015 - AUD - 96
5/28/2015 - BEC - 94

[Anonymous]

@ofarooqi , I agree that chapter 6 is completely all over the place. The only section out of chapter 6 I really did not go over was Financial Valuation. In my opinion, it seemed like a waste of time to memorize those formulas for maybe one or two questions.

[Crunchtime]

@jsch8912, thank you, I feel pretty good about it, so here we go!!

AUD-77
BEC-70,73,68,74 SH##!!!!!, 80
REG-73,76
FAR -74,82

Ethics here I come!!

[aj2013]

Can someone explain to me simple regression and linear regression? I'm having a lot of trouble with those concepts and how they relate to “residuals,” distribution, “expected value of error term,” “variance of error term,” etc.

B - 80
A - 80
R - 71, 59, 74, 80 FINALLY!
F - 77

Used Kaplan for FAR, BEC, AUD, and the first 2 REG attempts. I started using NINJA about 2 weeks before my 3rd REG attempt. I believe it's why I was so close to passing and why I passed the 4th time. USE IT FROM THE BEGINNING.

[Galyna]

Hi everybody.

I am absolutely 100% new, so please explain what you guys do here and how it works?

I have my first exam the day after tomorrow. Honestly, I am in a total panic and don't even hope to pass, even though I've been studying for the last three month now. I feel like I know every single question on my Roger CPA review practice quiz (to the point that I don't even need to finish reading the question, I just know the answer from the first few words), but as soon as I read the AICPA released questions I literally start shaking, as I don't get even one question right from the first try.

Oh, forgot to mention – English is not my first language and the degree that I received was not from the US.

Who has a more fun story?:)

What should I concentrate on tomorrow when I come from work and faint in panic?

Thank you

Bec - 74; 81
Reg - 76
Far - study now
Aud - later

[Anonymous]

Galyna,

It sounds like you have really studied and put the time in. So the first thing I would do is change my mindset……..You CAN and WILL PASS. Walk in with confidence on exam day! I'm taking BEC Friday. I have written down the most used formulas so I can study them. Then when on exam day, AFTER you have logged in (do not do this before because you only have 10 minutes to log in), write down as many of the formulas that you can remember one of the white boards they provide. I would not spend a lot of time doing this (7-8 mins) but it will be very helpful when you do the MCQ's.

Oh and also write your name at the top of the white board with “CPA” after it!! If you can see it and believe it, it will happen! Good Luck, I think you will do just fine!

[Pray4theCPA]

HI all,

I plan to start studying for BEC on June 1st and take the exam July 1st.

My question is is that enough time for BEC? I will be using Becker. Just wondering if I should push it back or not but I'd rather get it out of the way and not let it drag on. I will be studying after work but I have trouble staying focused for long periods of time haha.

How long are you guys taking for preparation?

FAR - 83
BEC - 81
AUD - 74,93
REG - 75

Becker Self Study & Becker Final Review

[spikesrd]

That is definitely enough time if you make every day count. An average of 3 quality hours per day should be enough.

“The reward for work well-done is more work.”

BEC - 05/26/2015 77
AUD - 07/27/2015 88
FAR - 08/31/2015 80
REG - 11/30/2015 73, 04/18/2016 80 Done!!!

[Author]

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