D1897 Unit 6 ECR Answer booklet0123213413131354796432645+965523165798746851

8/14/2019 D1897 Unit 6 ECR Answer booklet0123213413131354796432645+965523165798746851

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abc

Answer Booklet

To be completed by the candidate

Candidate name

Registration number

AAC code

This is my own unaided work

Signed Date

AAT 2003

Note to assessor: This booklet must remain sealed until the time of the assessment

Note to candidate: This booklet must be returned to your assessor

To be completed by the assessor

Assessor name Date

Overall simulation result: Satisfactory Y/N

Comments:

2003 standards

SIMULATION

Intermediate

D1897

NVQ/SVQ in Accounting Level 3, Unit 6

A/101/8104

Recording and Evaluating

Costs and Revenues


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Part one


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Part 1 page 4

Answers (Task 1)

STORES RECORD CARD

Materials description: 8cm black zips - box of 30 Maximum quantity: 37

Code no: MZ174 Minimum quantity: 15

Reorder level: 20

Reorder quantity: 18

Receipts Issues Stock balance

Date Document Qty Price per Total Document Qty Price per Total Qty Price per Total

2003 number box () () number box () () box () ()

6 Oct 2 6.09 12.18

20 6.10 122.00

22 134.18

7 Oct 871 20 6.12 122.40 2 6.09 12.18

20 6.10 122.00

20 6.12 122.40

42 256.58

7 Oct 912 2 6.09 12.18 12 6.10 73.20

8 6.10 48.80 20 6.12 122.40

10 60.98 32 195.60


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Part 1 page 5

MATERIALS REQUISITION

Department: Sewing/finishing Document no: 917Date: 08/10/2003

Code no Description Quantity CostofficeuseonlyValue of issue ()

MZ174 8 cm black zips, boxes of 30 8

MATERIALS RETURNED

Department: Sewing/finishing Document no: 62Date: 09/10/2003

Code no Description Quantity CostofficeuseonlyValue of issue ()

MZ174 8cm black, boxes of 30 1

Answers (Task 2)


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Part 1 page 6

INTERNAL MEMOTo:

From:

Subject:

Date:

Answers (Task 3)


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Part 1 page 7

PERFECT PURSES LIMITED

PIECEWORK OPERATION CARD

Operative name: Julie Atkins Department: CuttingClock number: P27Week beginning: 13 October 2003

Mon Tues Wed Thurs Fri

Total metres of fabric cut 670 645 676 662 653

Metres of scrap 24 22 0 18 17

Piecework payment @ 0.10 per metre cut

Bonus payable

Total payable for day*

Total wages payable for week:

Direct wages

Indirect wages

Total wages

* Guaranteed daily wage of 65 is payable if piecework payment plus bonus amounts to less

than 65.

Supervisors signature: J Richmond

Answers (Task 4)


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Part 1 page 8

Answers (Task 5)

INTERNAL MEMOTo:

From:

Subject:

Date:


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Answers (Task 6)

Part 1 page 9

Productionoverheadanalysissh

eetfor2004

Sewing/

Pro

ductionoverheaditem

Total

Cutting

finishing

Packing

Stores

Canteen

000

0

00

000

000

000

000

Ind

irectmaterials

40

2

0

12

4

2

2

Totaldepartmentaloverheads

Ap

portioncanteentotal

-

(

)

Ap

portionstorestotal

-

(

)

Totalproductiondeptoverheads


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Part 1 page 10

Working paper: 2004 budgetary planningCalculation of predetermined production overhead absorption rates for 2004

Cutting department

Sewing and finishing department

Packing department

Answers (Task 7)


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Part 1 page 11

Sa

mplecalculations:workingpaper

Re

visingthemethodofservicedepartmentre-apportionments

Sewing/

Pro

ductionoverheaditem

Total

Cutting

finishing

Packing

Stores

Canteen

000

0

00

000

000

000

000

Totaldepartmentaloverheads

(from

task6)

Ap

portionstorestotal

-

(

)

Ap

portioncanteentotal

-

-

(

)

Totalproductiondeptoverheads

Answers (Task 8)


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Part 1 page 12

Answers (Task 9)

INTERNAL MEMOTo:

From:

Subject:

Date:


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Part 1 page 13

Journal entry for production overheads

October 2003

Entries for overhead absorbed during the month

Debit () Credit ()

Work in progress: cutting dept

Work in progress: sewing and finishing dept

Work in progress: packing dept

Production overhead control

Entries for overhead under/over absorbed during the month

Debit () Credit ()

Overhead over/under absorbed (P+L)

Production overhead control

Answers (Task 10)


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Part 1 page 14

Answers (Task 10, continued)

INTERNAL MEMOTo:

From:

Subject:

Date:


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Part two


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Workings for determination of revenue and cost behaviour patterns

Sales revenue

Purses cost

Delivery charges

Packing labour and overhead cost

Other overhead cost

Part 2 page 16

Answers (Task 11)


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Part 2 page 17

Perfect Purses Limited: mail order division

Revised forecast for December 2003

December

Number of cases to be sold 650

Purses cost

Delivery charges


Other overhead cost

Total costs

Sales revenue

Profit

Space for workings

Answers (Task 11, continued)


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Part 2 page 18

Perfect Purses Limited: mail order division

Forecast for December 2003: increased sales volume

December

Number of cases to be sold 720

Purses cost

Delivery charges


Other overhead cost

Total costs

Sales revenue

Profit

Space for workings

Answers (Task 12a)


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Part 2 page 20

Answers (Task 12c)

INTERNAL MEMOTo:

From:

Subject:

Date:


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Working paper for the financial appraisal of purchase of delivery vehicle

Year Cashflow Discount factor Present value

@ 10%

2003 1.000

2004 0.909

2005 0.826

2006 0.751

2007 0.683

Net present value

Working space for calculation of payback period

Part 2 page 21

Answers (Task 13a)


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Part 2 page 22

Answers (Task 13b)

INTERNAL MEMOTo:

From:

Subject:

Date:


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AAT Simulation

Answer Booklet

Association of Accounting Technicians154 Clerkenwell Road London EC1R 5ADTel: +44 (0)20 7837 8600 Fax: +44 (0)20 7837 6970

Documents

D1897 Unit 6 ECR Answer booklet0123213413131354796432645+965523165798746851