[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/

AUD - 79
BEC - 80
FAR - 76
REG - 92

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

[Anonymous]

@Pray4theCPA – I test on the 30th and have studied for around 5 weeks and feel crunched for time, but I'm sure it is possible with a solid study schedule. I had underestimated BEC when I scheduled my exam but it will definitely pay off with a quick pass. The main thing I would warn about with a July 1st test date would be a LONG score release waiting period.

[Anonymous]

i take the test tomorrow afternoon, is there anything you guys would recommend to review right before? i've been getting around 85-90s on 100 question Becker progress tests, and I seem to have the majority of the formulas down. my weak area is some chapter 6 material which I'll go over one last time tonight. I also seem to mess up certain variance analysis questions even though I have the formulas memorized, but I doubt (or at least hope) I will not get asked the complicated variance questions Becker has in their material

[haseltonk]

@Pray4theCPA – I agree with ARCPA2B, I also had about 5 weeks and am feeling really crunched for time and I basically skipped portions of the Becker material here and there that I already knew really well. There are 6 chapters so if you can knock out 2 per week with a solid week of review it can be done, but I hit it hard from day 1 because there will be no time to catch up if you fall behind.

[Galyna]

Thank you, ArkansasCPASumDay.

Those are truly encouraging words!

I truly like the idea of writing down the formulas and the CPA after my name. That seems like a wonderful tip!

Based on my past experience if I don't feel 100% ready then I don't pass. Hopefully this time would be an exception!

I'll keep you posted!

Good luck, chiefs5021! We are taking the exam on the same day 🙂

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

[kenshintakishi]

hello everyone,

taking mine tomorrow at 6PM….wish me luck >.<

[thelonewolf527]

So after reviewing a bunch and taking each final exam twice, it's clear to me that one of the biggest concerns I have is the wording of the COSO questions. The way some of these are worded make it confusing for what exactly they mean when they ask for which part (Internal Environment, Control Activities, etc.).

Does anyone have a good write up of the easiest way to differentiate between the sections of that/ERM? Because the components feel like they should be easy but the wording of the questions keeps throwing me off.

AUD - 08/04/14 - 83
FAR - 11/29/14 - 80
REG - 02/26/15 - 89
BEC - 05/30/15 - 86

DONE!

[Anonymous]

Good luck, kenshintakishi, give it your best!

[Pray4theCPA]

Thank you for the responses! @spikesrd @ARCPA2B @haseltonk They were really helpful.

I guess it will be crunch time. My gf is coming into town for 1.5 months til the end of july. Only reason I want to push to take it ASAP.

FAR 83
BEC 81
REG 75
AUD 74 93

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

Becker Self Study & Becker Final Review

[Anonymous]

Can someone please help me with this. The answer is $20,000

In a lean accounting environment, a company accepts a special order to make 200 units of a product each month for the next two months for $130 per unit. The company normally sells the unit for $170 per unit with variable costs per unit at $80. The company plans to use excess capacity. By what amount would this special order increase profit?

$16,000

$20,000

$36,000

$52,000

[spikesrd]

$130 per unit Sales Price – $80 Variable Cost per unit = $50 CM per unit.

$50 CM per unit X 200 units = $10,000 CM

$10,000 CM X 2 months = $20,000

Fixed costs are not considered because the firm will use excess capacity.

“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!!!

[Anonymous]

Thanks!!

[Anonymous]

Can someone please help?

At the start of its fiscal year, a company anticipated producing 300,000 units throughout the year. The annual budgeted manufacturing overhead was $150,000 for variable costs and $600,000 for fixed costs. In April, when there was a beginning inventory for finished goods of 5,000 units, the company showed an income of $40,000 using absorption costing. That same month, ending inventory for finished goods was 7,000 units. What amount would the company recognize as income for April using variable costing? answer is 36K

[Troblin]

@Dee

I think I got the answer, but I’m not sure if I really know how to explain it properly….

Here goes: Total units = 300k, Total OH VC = $150k, Total OH FC = $600k

With variable costing, fixed OH costs are expensed in the period incurred, and with absorption costing, fixed OH costs are expensed when the product is sold.

April Finished Good – BI = 5k, April EI =7k. Therefore, inventory increased by 2k in April. Since inventory increased, you know that variable costing is going to have a higher fixed OH charged in the month and a lower NI. Absorption NI is given at 40k.

Fixed OH expense = $600k/300kunits = $2/unit *2k inventory = $4k additional expenses. Therefore Variable Costing NI = $36k.

FAR: 85(11/22/2014) - Becker(full)/Ninja MCQ (5 day cram)
AUD: 79 (2/1/2015) -Becker/Ninja MCQ/Ninja Notes
REG: 84(4/19/2015) -Becker/Ninja MCQ/Ninja Notes
BEC: 83 (7/13/2015) -Becker/Ninja MCQ/Ninja Notes

Date I Got My Life Back!: 8/4/2015 🙂

[Anonymous]

thanks @troblin!

[amaffei]

Need Help with this MCQ:

Standard Quantity = 1 hour per unit

Standard Price = $15 per hour

Company produced and sold 100 units of its product, using 110 direct labor hours at a rate of $16 per hour. What amount is the company's direct labor efficiency for last month? Answer is $150 – can someone please help

[Author]

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