[jeff]

Welcome to the Q2 2016 CPA Exam Study Group for BEC.

Some BLITZ videos to help your exams: https://www.another71.com/ninja-blitz

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

[Spartans92]

So I have yet to complete the material in Becker but do you guys find Ninja helpful for BEC?

BEC- PASS

[Mendez]

New to the forum. Currently studying for BEC. Hopefully I can be of assistance to some candidates as well as receive some advice related to my struggles.

AUD: 76 – DEC 2015
REG: 79 – MAR 2016
BEC: 06/07/16
FAR: TBS after BEC is complete.

CT Candidate

"Don't Settle"

[Sali]

I am studying for BEC as well @ Mendez. I am using Roger CPA review.

[aatoural]

Welcome @Mendez. I think we are all here in the same BEC boat :p

BEC - PASSED
AUD - 8/29/16
FAR - TBS
REG - TBS

[Anonymous]

In the short run, a severe hurricane creates an immediate strong increase in demand for roofers. Some roofers in other parts of the country are then attracted to the disaster area. Assume that in the long run the increase in demand still exceeds the increase in supply. Incorporating these facts in an analysis, the price for roofers in the short run increases, while in the long run the price will
a. Decrease below the original price.
b. Return to the original price.
C. DECREASE, BUT REMAIN ABOVE THE ORIGINAL PRICE.
d. Continue to increase.

C is correct. If the increase in demand continues to exceed the increase in supply, price will remain above the original price.

Why would the price decrease? I am lost. Please help. Thanks.

[golfball7773]

In the long run demand is going to drop from where it was right after the hurricane. The cost in the long run will still be higher then it was before the hurricane but will start decreasing as more and more roofs are repaired

FAR: 63, 55, 62
REG: 65, 77*
AUD: Fail, 64, 71
BEC: 72, 74, 81

*expired

[Anonymous]

Nevermind. I think I figured out why would the price decrease in the long run. More suppliers would take advantage of the demand by manufacturing more while the demand is being met or starting to calm down.

[Anonymous]

Thanks, Golfball.

[tskits75]

Seems to be a ton of formulas, but hearing from a few co-workers, they said BEC doesn't have much math. Its more just theory behind the calcs.

Any thoughts?

Taking BEC on Wednesday

AUD - 92
BEC - 79
REG - August
FAR - TBD

[golfball7773]

I would say it has a lot of calculations based on MCQ's in my studying. I am currently using flashcards to commit all the formulas to short term memory for my test tomorrow

FAR: 63, 55, 62
REG: 65, 77*
AUD: Fail, 64, 71
BEC: 72, 74, 81

*expired

[tskits75]

Thanks golfball7773

Good luck!!!

AUD - 92
BEC - 79
REG - August
FAR - TBD

[Spartans92]

Rolling Wheels purchases bicycle components in the month prior to assembling them into bicycles. Assembly is scheduled one month prior to budgeted sales. Rolling pays 75% of component costs in the month of purchase and 25% of the costs in the following month. Component costs included in budgeted cost of sales are:
April
$5,000
May
$6,000
June
$7,000
July
$8,000
August
$8,000
What is Rolling's budgeted cash payments for components in May?
a.
$7,750
b.
$6,750
c.
$8,000
d.
$5,750

can someone please explain. thanks

BEC- PASS

[lolo]

the answer is A.June sales 25%*7,000 + July sales 75%*8,000 = 7,750, the trick in “Rolling Wheels purchases bicycle components in the month prior to assembling them into bicycles. Assembly is scheduled one month prior to budgeted sales”, the sales of July would result from purchases made in May and paid for by 75% in May and the sales of June would result from purchases made in April and was paid for by 25% in May (Which is the second month portion of payment). Hope this helps!

My Nick name is sunshine, but the fact is I have not been in touch with it since I started this CPA exam! IT HURTS

AUD - ✔ Passed Becker self study!
BEC - ✔ Passed Becker self study!
FAR - ✔ Passed Becker self study!
REG - TBD

[Anonymous]

I am sharing with Spartan's confusion with that Rolling Wheels Bicycle sample problem above.
Just doesn't make sense.
Moving on…

[Spartans92]

The variances formula is driving me nuts not because they are confusing in the sense of computation but rather keeping straight what multiplies what. So I get most are actual – standard. Ex: DM Price variance = Actual quantity purchased x(Actual – Standard Price) DM quantity usage = SP x (Actual quantity used – Standard).

Any good way to remember?

BEC- PASS

[Author]

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