Task 3

A company has a profit centre that employs a group of production workers who, as well as earning basic pay are also paid a weekly group bonus based on their productivity during each week.

The group has a standard (target) output of 800 units of production per hour worked.

All output in excess of this level earns a bonus for each of the employees.

The bonus % is calculated as:

The bonus rate per hour is then calculated as: bonus % x £10

The following information relates to the group’s performance last week:

(a) Complete the table below to calculate the group bonus rate per hour and the total to be paid to the group.

(b) Calculate the total pay for an employee who worked 44 hours last week and is paid a basic rate of £9.60 per hour.

Task 4

A company has two profit and three cost centres. The budgeted overheads for the next quarter have been identified as follows:

The following information is also available:

Overheads are allocated or apportioned on the most appropriate basis. The total overheads of the support departments’ cost centres are then reapportioned to the two manufacturing profit centres using the direct method.

• All overhead costs are fixed with the exception of light, heat and power. 25% of this cost is fixed, based on the floor space occupied and 75% varies with the usage of power.
• The warehouse expects to issue £25.2 million worth of materials to production and £16.8 million worth to finishing.
• The quality assurance department’s time is spent equally between inspecting products in the production department and inspecting products in the finishing department.
• The production planning department spends 75% of its time on the production department and the remainder on the finishing department.
• There is no reciprocal servicing between the three support department cost centres.

Task 5

The following information relates to the manufacture of product FG123:

Complete the table below to calculate the costs per batch.

Task 6

A company has produced three forecasts of activity levels for the next period for one of its flight routes. The original budget involved flying 5,000 miles, but mileage levels of between 6,000 and 7,000 mile are now more likely.

Notes:

• This route is a charter route and the company chartering the aircraft has negotiated a discount of 10% per mile, paid on all miles flown in excess of the 5,000 miles agreed in the original contract.
• Landing and servicing fees are a semi-variable cost. There is a fixed charge of £600,000 plus £50 per mile flown.

Complete the table below to profit per mile (in pounds to 2 decimal places) of this contract at both 6,000 miles flown and 7,000 miles flown.

Task 7

Using the information from Task 6, complete the table below to calculate the required number of miles to be flown to achieve a profit of £60,000 on a contract of 5,000 miles.

Task 8

The airline pilots’ trade union has planned a three day strike next week. During these three days only those pilots who are not in the union will be available to fly. As a result there will be only 124 hours of pilots’ flying time available between three routes E, F and G.

The following information is available about these routes:

Complete the table below to recommend which route(s) should be operated on the three days of the strike to maximise profit on those days.

Task 9

The following budgeted information is available:

Landing and servicing fees are a semi-variable cost. There is a fixed charge of £600,000 plus £50 per mile flown.

The actual miles flown by the company was 5,800.

Complete the table below to show a flexed budget and the resulting variances against this budget. Show the actual variance, in the column headed ‘Variance’ and indicate whether this is Favourable or Adverse by entering F or A in the final column. If neither F nor A, you should enter 0.

Task 10

A company has produced three forecasts of activity levels for the next period for one of its products. The original budget involved producing 50,000 units, but sales and production levels of between 60,000 and 70,000 units are now more likely.

Complete the table below to estimate the production cost per unit of product at the three different activity levels.

Task 11

The following budgeted annual sales and cost information relate to two different products.

The budget has now been revised and the latest sales forecasts are 250,000 units for PD5 and 400,000 units for PD8.

Complete the table to calculate the budgeted break-even sales and the margin of safety in units and as a percentage for both products.

Task 12

Last month a company had the following process inputs for one of its products:

Direct materials                   500kgs at £17.20 per kg

Direct labour                       280 labour hours at £10.50 per hour

Overheads absorbed            86 machine hours at £32 per machine hour

The following information is also available:

• The company expects a normal loss of 5% of input
• All waste is sold for £1.68 per kg
• Actual output for the month was 450kgs
• There were no opening or closing stocks and all output was fully completed.

Prepare the process account below for the product for last month.

Task 13

A company has the following budgeted information relating to the manufacture of one of its products PD64.

All costs are variable except the fixed overheads.

The company actually manufactured 58,500 units.

Complete the table below to show a flexed budget and the resulting variances against this budget. Show the actual variance, for sales revenue and each cost, in the column headed ‘Variance’ and indicate whether this is Favourable or Adverse by entering F or A in the final column. If neither F nor A, you should enter 0.

	Flexed Budget	Actual	Variance	A or F
Units produced		58,500	& The format of the tasks in this Practice Assessment is similar to those that will be provided in the AAT’s Computer Based Test for this unit. Whilst completing this assessment, students are advised to provide themselves with a supply of scrap paper to be used for the purpose of making notes and calculations / workings. This information can then be transferred (preferably typed rather than handwritten) into this document. Once you have completed the Practice Assessment, you should save your work and upload this document for marking via the relevant link in your Submission Area (which is found in the ‘My Courses’ menu on the VLC) Need a Fresh, Custom-Written Answer? Get professionally prepared work tailored to your requirements. Get Your Fresh Answer £99 Original content • Confidential service • Tailored to your instructions Information Customer Reviews Details Title: Diploma in Accounting Costs and Revenues (CSTR) Price: £ 99 Post Date: Fri, 03 Jan 2025 18:41:29 +0000 Category: Assignment No Plagiarism Guarantee 100% Custom Written Customer Reviews Diploma in Accounting Costs and Revenues (CSTR) Reviews: 5 A masterpiece of assignment by Mike , written on 2020-03-12 My order went 3 hours late and I also went mad. Then the customer support team calmed me down and offered me a flat discount of 50%. However, I did get my order and chilled out as the work was exactly what I requested. Next time I would place my order a bit sooner to save any trouble. Reviews: 5 A masterpiece of assignment by Sean Zhang , written on 2020-03-12 My writer did a small error in my work but it was fixed by him shortly. The work is admirable and I have submitted it. Now hoping for the best results. I would inform you soon. Write your Feedback We write, we don’t plagiarise! Every answer is different no matter how many orders we get for the same assignment. Your answer will be 100% plagiarism-free, custom written, unique and different from every other student. × Full Name Email address Phone Number No. of Words Deadline 24 Hours Delivery 48 Hours Delivery 3 Days Delivery 4 Days Delivery 5 Days Delivery 6 Days Delivery 7 Days Delivery 8 Days Delivery 9 Days Delivery 10 Days Delivery I agree to receive phone calls from you at night in case of emergency Yes No Please share your assignment brief and supporting material (if any) via email here at: [email protected] after completing this order process. Total Cost: £99 Discounted Price: £68.31 (Inc. all taxes) Important Note: Your order at Assignment Experts is protected by Consumer Law UK; also, we use 3rd party merchant support “PayPal” for all online transactions to provide you with the most protected online buying experience.