[IGOTTHEKEYS]

I am currently trending 75-80% on BEC MCQ in the Becker Progress Test.

B1 (Coso) and B6 (IT) it is around 85%. I do not know how to feel about this, i feel like i understand the MCQ but then there are huge and very long MCQ in B3(Cost Accounting), and in B4 (Going to do that tomorrow), that i have not a single clue since they back into the answer using like 5 different steps and going way in complex. The Becker MCQ for Cost accounting are impossible and literally impossible to do. They require a pretty in depth understanding of cost accounting to where you know how and where everything exactly flow. Just wanted to know if i am on the right path? I have not even practiced the WC or SIMS, should i even try or attempt them at all? Dont know what the SIM for BEC will look like, i have passed FAR, AUD, and REG btw. I will look over the WC and practice for a bit, but the MCQ score is giving me mixed feelings. If anyone who has passed or currently studying for BEC can elaborate on their experience, that would be great!

[Tim]

For variance analysis the way I started thinking about it that made it a lot easier for me than memorizing each formula is when you multiply it's always multiplied by either the standard rate/price or the actual quantity.

Direct material price variance:
Difference in standard/actual price x Actual Quantity

Direct material efficiency variance:
Difference in standard/actual quantity X Standard Rate

Sales volume variance:
Difference in standard/actual volume X Standard Price

Sales price variance:
Difference in standard/actual Unit Contribution Margin X Actual Quantity

Hopefully you get the picture. It's the same for direct labor and overhead formulas.

For the equivalent units of production. If using weighted-average method you just multiply the ending WIP * completion percentage and add the completed units. Then if you want to get the FIFO-method EUP you take the weighted-average equivalent units and subtract out the beginning WIP * completion percentage. When calculating the cost per equivalent unit when using weighted-average you include beginning inventory costs plus current period costs. For FIFO you just use current period costs.

I feel like a big downfall with the cost accounting is the way they try to make it out like there's a separate formula for everything when they are all related. If you understand the relationships you don't need to memorize so many formulas.

This is just stuff that helped me understand it all. Not sure if it will help you.

FAR - 97 (10/12/17)
BEC - 95 (01/15/18)
AUD - 88 (04/06/18)
REG - 89 (11/16/18)

[Anonymous]

when is your test? are you supplementing with anything? I would say for cost accounting you have to read the book and redo your MCQ to get enough of an understanding of the subject matter. The MCQ on the test are usually much more straightforward than in Becker. I would also highly recommend Ninja as a supplement, if you have time.

[IGOTTHEKEYS]

@TIM Thanks for the explanation. Defintely going to look into that again when i am reviewing B4.

@ANYATVER i do have access to the wiley test bank through my school program. TBH, i have never used wiley test bank to the fullest. Becker Progress Test have been spot on for the other exams, but for BEC these cost questions are ridiculousness requiring 5 min per MCQ and backing into the answer using 5 diffrent formulas. My Test is next saturday, but with busy season starting monday for me, i am planning on doing a very light (Only Reading Notes) review. I have pounded all the MCQ and will hopefully complete B4 by tommorow. I completed the others in a mixed order, to speed things up. Do you know if they give a formula sheet on the exam for the SIMS?

[Anonymous]

I took BEC without SIMS last January…I remember knowing all the formulas cold for variances, ratios, contribution margin stuff….I remember the formulas were provided for AUD SIMS don't know about BEC… I remember those crazy MCQs, but they aren't all like that-are you able to complete and understand the straightforward ones? If so, I would say you should be good. I would make sure you know your variances backwards and forwards..I think the reason for those crazy MCQ in Becker is so that you understand the hard ones you can do the easier ones without an issue….

[IGOTTHEKEYS]

@anyatver

So if I know the busy ones, and understand them completely I should be fine? The long ones are ridiculous, I understand Why, but it's way to complicated. I don't even think it's even worth doing thn. Im covering b4 tonight and variances I am hitting extremely hard and will complete my review phase. 80% is a good spot to be at espically when my exam is 1 week from now. I won't be getting any additional studying done due to busy season, just gonna keep things fresh and intact in my mind and pray for the best.

[Anonymous]

I didn't think the exam MCQ were overly complicated. I know exactly the ones you mean in Becker-I don't think I ever learned or understood how to do them! Good luck in this last few days of studying! I would also make sure you know the formulas well! They are going to be needed in MCQ:)

[Author]

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