Material used in both instances are the same as you need 3.2kg of it at £5 per kg. Therefore the material cost is 3.2x5=16 pounds. Labour cost (paying to an employee) will be £15.40 per hour means it will cost you £3.85 for 15 minutes. The last part will be how you absorb overhead cost towards the total cost of the unit. There you will use the above calculated OAR rates in both scenarios.
Hello Sir, please can you do a video- ELCO Elements of Costing Practice Assessment 2 Feedback AAT. I searched and there is no video nowhere. How you explain helps me a lot! PLEASE🙂 Thank you very much
As some of the students will still be doing the AQ2016, you can refer to this video. If you are sitting for AQ2022 assessments, then you will have similar assessment but under a different module code. I will be uploading the practice assessment for the new qualification by end of this month.
great video very helpful
Glad to hear it!
Task 1.5 part (b) how have you worked out the Machine hour and Labour hour in Material as 16.00? Thanks
Material used in both instances are the same as you need 3.2kg of it at £5 per kg. Therefore the material cost is 3.2x5=16 pounds. Labour cost (paying to an employee) will be £15.40 per hour means it will cost you £3.85 for 15 minutes. The last part will be how you absorb overhead cost towards the total cost of the unit. There you will use the above calculated OAR rates in both scenarios.
Hi sir your teaching is very useful for me .. can you pls share principle of cost video pls share sir and business environment too thank you very much
Thank you for your compliment. I’m planning to release a new series with AQ2022 quals videos during next week half term break. All the best
@@AATbyMo thank you very much sir I m waiting to watch and learn .. thank you again
Hello Sir, please can you do a video- ELCO Elements of Costing Practice Assessment 2 Feedback AAT. I searched and there is no video nowhere. How you explain helps me a lot! PLEASE🙂 Thank you very much
th-cam.com/video/CeYNkfHC_I8/w-d-xo.html
Thank you very much😊 I appreciate
The actual exam wouldn’t have these type of questions this year
As some of the students will still be doing the AQ2016, you can refer to this video. If you are sitting for AQ2022 assessments, then you will have similar assessment but under a different module code. I will be uploading the practice assessment for the new qualification by end of this month.