[jeff]

Welcome to the Q3 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

[cpa007]

@MaLoTu Thank !

[chasedickson]

I'm going through practice questions that have variance calculations in them…Some of them are taking me like 4-5 minutes to do. I'm worried that ill be wasting too much time if I get a ton of these on the exam. Should I try to cut that time down, or do you not think it'll matter?

Also what should be an average time for doing variance calcs?

A: 87
B: 80
R: 09/16
F: TBD

"You miss 100% of the shots you don't take. -Wayne Gretzky" -Michael Scott

[mckan514w]

@MaLoTu- I am going to have to recheck my NTS / and REG score release- but yeah it stood out because it seemed really weird to me — but chalked it up to “typical DC”…

@Chasedickson- my variance problems aren't taking me that long to solve but some of the other calcs are taking me up to 10-15 mins to solve. I posted a similar question on the Q2 thread a week or two back and several people chimed in that the calcs on the exam won't take as long as the practice problems.. but I am still a little freaked out about time…. and am planning on using a good portion of my review trying to cut the time down.

and they ask me why I drink...

FAR- 61-next time I'll ask for lube instead of a calculator
REG-75- Never been so happy to see such a low grade
BEC- 8/11
AUD- 9/2

[abantz]

Retaking BEC on 7/10 for the 3rd time!!! Got 74 Q4 and Q2 windows. Really starting to think I'm psyching myself out at this point. Writing my own notes/flashcards, doing Becker Final Review, MC, ect. Any last minute advice as I go into my final 4 days of review? Thanks

BEC- 74, 74, 7/10 retake
Audit- 70, expired back in 2012
REG- 61
FAR- not taken

[Crunchtime]

@abantz I am in a similar boat. This time I kept my previous score release form, where it showed my weak areas and I am hitting that a bit harder this time. I am hoping this is my difference.

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

Ethics here I come!!

[MaLoTu]

@albantz – consecutive 74s in Q1&Q2 for me … focusing 100% on improving my MCQ performance. This test should be passed before you get the the WC. I mentioned above that I have passed the other 3 by being “ok” on both portions of the exam, it just doesn't work with BEC.

[MaLoTu]

I am not positive this will help with the variance questions, but I have shared it before and it make the variances very easy to remember:

Becker has a mnemonic “PURE”

P – Price Variance – ———-dA (actual)——- – Actual Qty purchased * (std price – actual price)
U – Usage/QTY Variance – dS (standard) —- Standard price * (Std QTY – Actual QTY)
R – Rate ———————— dA (actual) – ——Actual hours * (std. rate – actual rate)
E – Efficiency – —————–dS – —————–Standard rate * (std. hours – actual hrs)

[Crunchtime]

@malotu I like this mnemonic and I feel it worked out great for me everytime!!!!

When is your test?

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

Ethics here I come!!

[Anonymous]

View post on imgur.com

Formula: FOH-VV = STD. FOHR x (ACTUAL PRODN. – STD. PRODN.)
Fixed Overhead Volume Variance = Standard Fixed Overhead Rate x (Actual Production – Standard Production)

I agree how the solution arrives at $5.00 as Std. FOHR and 20,000 as Std. Production. But I am lost as to why the solution picks out 21,000 as machine hours (plan based on output), instead of the 21,600 ACTUAL MACHINE HOURS as clearly presented in the table.

[MaLoTu]

I have the coupon but haven't even paid! I am aiming for July 20 because of the score release, but am aware that I am getting off track with my studies. My kids are home all day because of summer break and it means I have less time for sitting down and studying.

[mckan514w]

Okay I'm confused on this question and don't understand why variable cost would remain the same…. can anyone help explain? Thanks!

If a burden rate is not employed, and the volume of production is increased over the planned level, the cost per unit for manufacturing overhead would be expected to:

A.CORRECT ANSWER
decrease for fixed costs and remain unchanged for variable costs.

B.
remain unchanged for fixed costs and increase for variable costs.

Incorrect C.
decrease for fixed costs and increase for variable costs.

D.
increase for fixed costs and increase for variable costs.

and they ask me why I drink...

FAR- 61-next time I'll ask for lube instead of a calculator
REG-75- Never been so happy to see such a low grade
BEC- 8/11
AUD- 9/2

[Crunchtime]

Are they referring variable per unit? if it is it will always stay the same.

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

Ethics here I come!!

[Crunchtime]

If not isn't it still within the planned level then it would also stay the same. For example if it takes 50,000 dollars to make 100,000-120,000 widgets then if they stay within that range it wouldn't change.

I seriously suck at explaining things.

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

Ethics here I come!!

[Anonymous]

The problem says COST PER UNIT for
FCs (↓)
&
VCs (∆)

For example:
Old data:
FC = $100,000
VC = $250,000
Volume = 30,000

FCPU = ($100,000 ÷ 30,000) = $3.33
VCPU = ($250,000 ÷ 30,000) = $8.33

VCs & production have increased by 20%

New Data
FCPU = ($100,000 ÷ 36,000) = $2.78
VCPU = ($300,000 ÷ 36,000) = $8.33

[cpa007]

@makan514w
With in the relevant range , Increased in volume will decrease the fixed cost per unit because now you have more units to spread over the same Fixedcost . Eg: FC=$3000/100=FC per unit is$30 . Now if you increase to produce 200 units , FC=$3000/200units =$15 per unit.
Few things to remember, if you are within the relevant range,
TFC is constant but cost per unit will change if you increase the volume
VC is fixed per unit but change in total.
TC=FC+VC(units)
Hope this helps. Memorise this rule.

[Author]

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