2023 POA question 3 ((SOLUTIONS))

In this video i provide the soultions for question 3.

[@cklaim3084]

sir hurry and do pob

[@Kimberly-7777]

👍

[@Creator.dusionfrench]

Left out royalties and ended changing the opening and closing inventory 😢 I messed up 😔 I had the right working out all a long and ended up changing it

[@xoxo.xoxo.8611]

Sir you were to identify the direct and indirect cost according to the table.

[@everythingbusiness876]

Showing that you understand what they are would still earn you the marks whether they are from the table or not.

[@xoxo.xoxo.8611]

@@everythingbusiness876 sir also I forget to add the cost of raw materials consumed to my direct costs, I know my prime cost and production cost will be wrong. Will I still get marks for everything else? I did everything else and placed the items under the right column

[@everythingbusiness876]

@@xoxo.xoxo.8611 the good thing about accounts is that you are marked for each entry not only the final figure so yes you will pick up marks but you will just lose the marks for the prime cost which will also cause you to lose marks for the production cost.

[@sashaniquefaulkner5052]

I got this exact figure

[@everythingbusiness876]

👏🏾👏🏾👏🏾

[@shanethomas6661]

If royalties is left out but everything else is there but the prime cost, cost of raw materials consumed, total overheads and total production cost were all identified, how much marks do u think was lost there?? Only the royalties were left out..

[@everythingbusiness876]

You would still pass the question.

[@shanethomas6661]

Oh ok. Maybe get like 9 out of the 12 Marks. The thing is I'm aiming for a 1 with straight A profile but I didn't do the production budget question. So I lost 6 marks there and I left out the royalties. I'm sure I got everything else right and my cooperative is balanced and all. I just don't wanna get under 90%

[@trey-anthonyjohnson6366]

sir if the questions does not specify carriage inwards on raw materials why would you add it?

[@everythingbusiness876]

It also did not specify if it was finished goods so the assumption is that it is raw materials.

[@daniquearthurs6888]

I was wondering if I was wrong, because someone said the carriage inwards doesn't have raw materials.@@everythingbusiness876

[@Code-eu8vw]

I lefted out the royalties so I lose 1 mrk

[@joshuawilson3749]

I almost did that too and then i had to add it back in

[@joshuawilson3749]

i explained the concept instead of identifying in😢😢

[@lyrixxedittsvc302]

Sameee

[@redzinnadiplace3541]

If i fail paper 2 but pass paper 1 do i still past the subject?

[@everythingbusiness876]

Depends on how bad you fail Paper 2 and how well you pass paper 1. You can barely fail paper 2 (45/100) and pass paper 1 well (55/60) and have a very good sba grade (38/40). That’s a total of 138/200. That’s a sure pass.

[@aliyahanif2334]

​@@everythingbusiness876 what grade you will get with that score

[@everythingbusiness876]

@@aliyahanif2334 I cannot say for sure but my educated guess would either be a high 3 or a low 2.

[@britfaulkner12]

@@everythingbusiness876 sir im not aware of my sba grade but i think its 30 something i failed paper 2 badly gona have to work for the 60/60 on paper 1

[@everythingbusiness876]

@@britfaulkner12 the only way you can fail paper 2 badly is if you did not attempt any question. Remember you are not only marked for the final answer but also for every correct entry so be hopeful.