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AQA A Level Accounting Paper 1 (7127/1) - 23rd May 2024 [Exam Chat]

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Reply 200

Original post

by Rhoss

I accidentally did the material variances as the labour variances but when I realised I just crossed it out and redid the question on the additional pages. Luckily I didn’t lose too much time

Ye i miscalculated the material variances way too many times had to go back and forth to get the Total adverse variance to align. Do you remmebr what u had for the Labour ones individually ?

Reply 201

Rhoss

Original post

by dksnd324

Ye i miscalculated the material variances way too many times had to go back and forth to get the Total adverse variance to align. Do you remmebr what u had for the Labour ones individually ?

I don’t remember tbh, I know that my reconciliation of budgeted cost to actually cost added up tho. The actually cost was 2 million and smth i think

Reply 202

davidodei

Original post

by Rhoss

I don’t remember tbh, I know that my reconciliation of budgeted cost to actually cost added up tho. The actually cost was 2 million and smth i think

Yh I remember getting somthing like that

Reply 203

cyclical-ent

What Calculations did everyone do for the second 25 marker on paper 2 ?

Reply 204

Rhoss

Original post

by cyclical-ent

What Calculations did everyone do for the second 25 marker on paper 2 ?

Was that the one about choosing which supplier?? If it was I think the only calculation I did was working out the total cost of buying 5000 t shirts for each supplier.

Reply 205

davidodei

Original post

by cyclical-ent

What Calculations did everyone do for the second 25 marker on paper 2 ?

Can’t clearly remember, but I worked out contribution even tho there was only selling price and materials price without labour cost, and the rest I just done comparisons analysis like differences etc

Reply 206

davidodei

Original post

by Rhoss

Was that the one about choosing which supplier?? If it was I think the only calculation I did was working out the total cost of buying 5000 t shirts for each supplier.

You didn’t compare, or so contribution per unit?

Reply 207

cyclical-ent

Wasnt the question on selling price using either marginal vs absorbtion I think I got the marginal but idk if there was enough information for absorbtion

Reply 208

Rhoss

Original post

by davidodei

You didn’t compare, or so contribution per unit?

No I did compare but there wasn’t any calculations involved in that cause it’s just analysing the figures. I didn’t do contribution tho cause we only have materials and not labour. When I did the total cost, I talked about profit margins and stuff cause that would impact selling price

Reply 209

Rhoss

Original post

by cyclical-ent

Wasnt the question on selling price using either marginal vs absorbtion I think I got the marginal but idk if there was enough information for absorbtion

Yeahh, I couldn’t calculate the absorption cost because we didn’t have the total overheads. I ended up concluding by saying marginal was better I think

Reply 210

cyclical-ent

Original post

by Rhoss

Yeahh, I couldn’t calculate the absorption cost because we didn’t have the total overheads. I ended up concluding by saying marginal was better I think

they said the business wanted to absorb rent using labour, despite most of her factory being machiney, got confused from there.

Reply 211

Rhoss

Original post

by cyclical-ent

they said the business wanted to absorb rent using labour, despite most of her factory being machiney, got confused from there.

Yeahh, I wrote that as a reason why they shouldn’t use absorption costing because you have to do it based on whether it’s machine or labour intensive, so why would she use labour hours if she is machine intensive.

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