January 25, 2019 at 9:25 pm #2181190
Yeah B2 is killing me as well!January 28, 2019 at 3:08 pm #2185273
@missioncpa, wait until you start working on Becker's section B4. In my opinion, sections B2 and B4 in Becker are the worst 🙁January 28, 2019 at 3:37 pm #2185321
how much importance would you guys give to studying Cost Accounting? I have read its not that popular?January 30, 2019 at 11:36 pm #2189737
You've read wrong.. I'd say. Every exam is diff but you have to study it to a fairly large extent.
ex. variances – don't go in without not knowing these.January 31, 2019 at 1:02 pm #2190373
If you are given a variable income statement (or CM statement) and asked to find ROI, would you use the net operating income before the adjustments for favorable/unfavorable OH variances or include those and take the final net income number?? Any thoughts would be great. I have all my equations memorized but having trouble applying the correct numbers it seems..February 2, 2019 at 7:03 am #2194405
Baby Frames, Inc., evaluates manufacturing overhead by using variance analysis. The following information applies to the month of May:
Number of frames manufactured 19,000 20,000
Variable overhead costs $ 4,100 $2 per direct labor hour
Fixed overhead costs $22,000 $20,000; $1 per unit
Direct labor hours 2,100 hours 0.1 hour per frame
What is the fixed overhead volume variance?
A. $200 favorable
B. $200 unfavorable
C. $400 favorable
D. $400 unfavorable
You answered C. The correct answer is B.
The fixed overhead volume variance is the difference between the actual quantity (AQ) of inputs in units (2,100 hrs) and the standard quantity (SQ) of inputs in units for the outputs achieved (19,000 × 0.1 = 1,900) times the standard price per unit.[(2,100 – 1,900) × $1 = $200]
As AQ is greater than SQ, the variance is unfavorable.
I posted this in the study group but wanted to ask here as well. Why is the Actual Quantity used here? I thought the volume variance used Budgeted vs Applied??? Everything Ive seen has the volume variance as Budgeted vs Applied.
Thanks!February 2, 2019 at 9:29 am #2194726
Hi Jjjgolf500. Great question! Your right, the Roger text has Volume variance as the difference between flexible budget @ standard and applied. It also has the equation as …
volume variance = (standard DL hour x Pre-fixed OH rate) – Budgeted fixed OH
.. but that doesn't make much sense to me. The only thing I can think of is that because volume variance deals only with fixed costs, actual and applied are basically the same thing?? I'm hoping someone more knowledgeable will respond. Good luck!February 5, 2019 at 8:58 am #2201317
I took AUD at the beginning of the window & now I am studying for BEC as I wait for my AUD score. As I'm studying BEC I feel a bit overwhelmed (even though I feel like this every time I start studying a new part of the exam). Does anyone have any suggestions that may help with studying for BEC (i.e., certain topics that are important)? Thanks!February 5, 2019 at 12:24 pm #2201854
Although most review courses really stress cost accounting, personally from my experience I did not see as much of it on the exam as I was expecting to. Also if you do enough MCQs for variance analysis and ratios, you will see that they get easier and easier after a while. If you are studying with Becker make sure you are good on B1, B2 and B6, these where areas I found the hardest on the exam.February 5, 2019 at 12:39 pm #2201878
BEC can seem overwhelming since none of the sections are organically connected, but I found that if you work on MCQs and identify your problem areas via progress tests, you will be able to pinpoint what sections to you need to study the most. For each section below are the areas I focused most on when I was studying for my BEC exam.
1 – Application of COSO principles
2 – Understanding how to calc WACC
3 – n/a It is relatively easier compared to other sections.
4 – Variance analysis and ratios
5 – Porter' factors and demand curves
6 – Everything! must have done over 200 MCQs from this section and yet saw stuff on the exam that I had no clue about.February 6, 2019 at 5:37 am #2203219
Any thoughts on either skipping or completing Wiley’s TBS and WC components?
And if you skipped these lessons, how did you best prepare for these portions on the exam?
Thanks!February 6, 2019 at 9:38 am #2203459
For people using Becker, what are y'all scoring on your homework MCQ on your first go around after you have listened to the lectures? I feel like I grasp the material as I read the book and take notes, but can't seem to put it together on the homework until I go through it multiple times, at which point I may be memorizing the answers.February 7, 2019 at 9:10 pm #2206375
@MMissionCPA, I didn't do well on the MPQ either. My average was probably 70-75%. By the end of the material i was just shooting for getting 2 right for every 1 wrong. Didn't do amazing on exam but I passed. Also didn't get hit with anything out of ordinary on exam so that was a plus.February 8, 2019 at 10:06 am #2206936
I'm using Becker to study for BEC. I feel like I'm understanding the lectures & the notes, but when I get to the MCQ's it seems totally different. There seems to be questions about material that isn't even covered in the book. I'm starting to feel extremely discouraged. Is anyone else having this problem? Or, is there anyone that took BEC already that can help me out with this? Thanks.February 8, 2019 at 10:11 am #2206948
I’m using Wiley and I feel the same way. The concepts are pretty straight forward, but the MC is 100x more difficult. They also throw a lot of non covered questions, but I usually Google the concept to try and get a baseline understanding then move on.February 8, 2019 at 11:00 am #2206999
@To0ld2Pass thanks for the advice! I wish I was scoring 70%, but sadly I am lucky if I even get 50% correct my first go around. I haven't had this issue on any of the other exams I have taken. Keep plugging away I guess!
@Nicholaslopinzi25 that is exactly what I am running into. My method for the last three exams (which I have passed) is not working for BEC. The only idea I have is to get through the material as quick as possible (I have B4-B6 left) and work as many MCQs as possible leading up to my exam (3/10/19).
@Bagelino I am glad to hear it is not only Becker material that is like this. I am so confused how this exam has the best passing rates. These questions are challenging.
Hopefully our studying turns around soon. Good luck y'all!February 9, 2019 at 12:38 pm #2208463
The Current Cash Debt Coverage Ratio is Net Cash from Operating Activities/Average Current Liabilities. How do you calculate Net Cash from Operating Activities?February 11, 2019 at 4:47 pm #2211856
KNOW IT !!! BEC sucked.February 11, 2019 at 5:49 pm #2211907
@Jjjgolf500- — STMT of cash flows first section is Net cash from Op Activities.
If its not given you may have to solve for it. Guessing you may have not taken FAR yet.February 12, 2019 at 9:03 am #2212699
Took BEC yesterday. A lot of calculations in testlet 1. Need to remember all the variance formulas (DM, DL, VOH, FOH and SALES!!!), topics related to currency exchange, working capital. Lots of IT and COSO in testlet 2, don't just try to remember all the letters. Need to know how to apply this to real work situation. I had 2 sims, which are extremely long. Lots of exhibits. Definitely watch your time. I spent too long in my 1st testlet so I didn't have enough time for writing. Hopefully this helps. My brain went blank after the test so I don't remember a lot of stuff.February 12, 2019 at 2:50 pm #2213263
Thank you SS! Good luck!February 13, 2019 at 4:27 pm #2214745
Hi all. So I just took BEC this morning and figured I would give back to the community by writing about my experience. Obviously I cannot disclose actual questions but I will give you my insight.
First and foremost, based on all the posts I read reading up to taking BEC, I found that the exam really can test you on anything in the book. For example, someone above mentioned that cost accounting was really heavy on their exam. On my exam however, I don't think i had a single question. I had a bunch on variances but I personally don't consider that really cost accounting.
Aside from that however, here's some tips.
1.) COSO, IT, and Variances are a MUST study. Not even kidding, probably 80% of my exam consisted of this (which includes the SIMS and WC). Know these because they are basically free points if you just memorize them.
2.) I don't know if any of you saw the other post on NINJA that shared this but for variances, a cool mnemonic that helped me a ton is SAD PURE DADS. SAD is read backwards so difference = Actual-Standard. PURE stands for Price, Unit/quantity, Rate, and Efficiency. Then DADS is Difference x Actual or Difference x Standard. DA applies to P and R, DS applies to U and E.
3.) Know the formulas but don't stress over them. Again every exam might be different but from my experience there weren't many questions (aside from variance) where I needed to know the formulas. The MCQ's won't give you the formulas however, on the SIMS, it's virtually guaranteed that if you get one where you need to do CAPM, WACC, or any other of that Becker 2 stuff, they will give you the formulas in an exhibit (ie just like many of the SIMS in becker).
Overall my first testlet was roughly 75% computational for me while the 2nd testlet was virtually 100% conceptual (literally had 1 computation question). It seemed like the difficulty stayed the same so i'm not sure whether that was because I was over-prepared or because I didn't do well on the first teslet. Anyway, Good luck to everyone else who is planning on taking it in Q1!!!February 13, 2019 at 6:14 pm #2214940
I took BEC yesterday. The first testlet was about 40% calculations and 60% conceptual. The second testlet was much harder and about 90% was conceptual and 70-80% was COSO and IT. The 4 simulations were an equal mix of calculations and conceptual and 3/4 were extremely long. 2/3 of the WC questions were a lot longer than the average WC practice on Becker (ironically). I finished the first two testlets in an hour and a half and had an hour left to do the WC and took the whole time.
Conceptual questions have always been my weakness but I wasn’t expecting the majority of the exam to be conceptual. I really think their question choice is random because I only got one question from unit 2 (WACC question), and that was the unit with the most material. 70%-80% came from units 1 and 6.
I got the least questions on the areas I studied the most (those that were emphasized by Becker) and vice versa, which is why I’m starting to think Becker’s approach in covering the course isn’t efffective. But it could be just the exam version that I got.
Good luck to all.February 13, 2019 at 7:23 pm #2215069
Thanks Steven and Brokenglass! can you please confirm units 1 and 6 are COSO and IT? ThanksFebruary 14, 2019 at 7:38 am #2215495February 14, 2019 at 7:43 am #2215507
@ Brokenglass If you see above, my test had a simialr format to yours. First testlet was much more computational, took me about 45minutes. I breezed through the second testlet in like 20minutes. I didn't feel like it got harder however, the second testlet was basically all conceptual and I did well on those when I practiced with NINJA and Becker. Likewise, I was surprised that I didn't get as many questions from the “heavier” areas like Cost accounting and the financial management. I found two of my WC to be long but then again I knew how to answer them.
Lastly, seems like we are both in the same boat as far as the 2/26 score release goes. Wishing you the best of luck and hope that you passed FAR and BEC. I'm hoping to be done as well! waiting for REG and BEC scores.February 14, 2019 at 1:24 pm #2216056
@steven K @ Brokenglass I had the exact same experience. It is a bit disappointing when A LOT of the stuff you study doesnt end up on the exam but oh well!February 14, 2019 at 3:20 pm #2216305
@steven K yes it sounds like our tests were very similar. I really hope I pass BEC but I walked out thinking there is a 20-30% chance I passed. Guess we got 11-12 days until the score release. I hope you pass both REG and BEC!February 18, 2019 at 12:42 pm #2222323
I took BEC the other day and it was not a good experience. I thought I went in prepared but I did not leave feeling good.
The topics were all over ..economics, stuff from cost accounting chapters and surprisingly hardly any variance related stuff. It was my 3rd time taking BEC and I think the other two times I left feeling there was a good chance I was going to pass and this time I wanted to walk out. The SIMS were very much FAR style and of topics I would have never expected to see in the SIMS and may I add long with multiple exhibits.
Good luck to those waiting for their scores.February 18, 2019 at 5:03 pm #2222797
I had a pretty similar experience. Came out of the BEC exam thinking I bombed it, ended up getting my highest score on BEC out of all 4 of my exams. So my only tip would be not worry about your initial reaction to your BEC exam, a lot folks have the same reaction and thankfully have ended up passing the exam. Best of Luck!!
Side note : I thought I aced/destroyed my FAR exam, thinking that I would easily get 90+ at the minimum. Ended up getting a 76. One never knows with these things…
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