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The F5 practice tests now show the workings for the correct answer immediately after you have submitted your attempt.
They appear in a pop-up window – if they do not appear then it could be that you are using a pop-up blocker (in which case you should turn it off while attempting the tests).
John you are the best. I have F5 and F9 this sitting. This will help me massively. Thank you so much.
Hello.
There are tests at the end of each chapter in Lecture notes. Where I can find answers to them to check myself.Thanks in advance.
The F5 notes used to have tests at the end of each chapter and answers also (if you look at the contents page you will find where).
They have now been removed from the current notes and instead are there as online tests for each chapter (that you can find linked from the main F5 page). On these tests, the correct answers and workings appear as soon as you submit your answer.
Hello.
Chapter 9. MCQ.
Question 3. Of course, idle time is a hint. But there is no ckear condition that idle time is paid, because salary mentioned in $/hour.
How to not be confused with this?Question 5. Also have a problem. From my point of view we already use our employees for current job and pay them $8 per hour. Changing work doesn’t ifluence my labour cost. But if we take them away from current job we can’t do it and then lose its contribution ($12).
So the answer should be $60000 not $100000.thanks in advance.
Q3: Idle time always refers to time when are getting paid, but are not working.
Q5: The correct answer is $100,000. The cost per hour is the pay rate plus the lost contribution. Although they will be paid whether they work on the new job or on the other work, if they do not do the other work then we lose the revenue from the other work and save all the costs of the other work apart from labour. The net amount lost is therefore the same as the contribution plus the labour.
For a fuller explanation (with numbers) you should watch our free lectures on relevant costing. (Our lectures are a complete course for Paper F5 and cover everything needed to be able to pass the exam well.)Dear Sir,
I was looking for online test on F5 main page but i could not find it. please give ma a link then it will help me to find out on that page.
Kind Regards
ChowdhuryOne of the links says “ACCA F5 Practice Questions” – these are practice questions to attempt after each of the lectures.
There is another link listed for “F5 Revision Mock Exam” – this is a Section A test to attempt after you have completed your studies.
Thanks a lot for helping me. I found it and i am doing it. Is there any “practice questions section” for large question.
Thanks
chowdhuryNo – for section B questions you should download past exam questions from the ACCA website or (better) buy a Revision Kit from one of the ACCA approved publishers because they have many more questions to attempt.
If you download our free Study Guides then you will see that it recommends the best past questions to attempt.
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Pls how do I get the study texts and practice questions for F5.
I am new here.You can find links to all the free resources that we have available by going to the main Paper F5 page. You can find it by clicking ‘Home’ on the top bar, followed by ‘ACCA’ and then ‘F5’.
We do not supply Study Texts, but if you are watching our free lectures with our free lecture notes then you do not need Study Texts. You should however buy a Revision Kit from one of the ACCA approved publishers – they contain lots of exam standard questions to practice, and practice is vital.
You can get a 20% discount on books published by BPP by clicking on the advert on every page of the website and following the instructions.
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Oh! thank you.
So how do i get the free lectures. That’ll be better, considering the time left before the exam.
As I wrote in my previous reply, you can find all the resources that we have available (including the free lectures and the free lecture notes that go with them) linked from the main F5 page.
(I assume that it is F5 that you are sitting, because you have asked your question in the F5 forum, but the same applies for all papers – go to the main page for the paper and you will find links to all of the resources that we offer.)
Which test? The short practice tests on each chapter of our lecture notes, or the mock Section A exam?
As I wrote in one of my earlier replies, you can find both of them linked from the main Paper F5 page.
Hi , please is there anything like negative contribution per unit??. Please what is total contribution when selling price per unit is 4 and variable cost per unit is 4.2. Units is 50,000 units. Lastly will a negative total contribution be deducted from the other positive total contribution wen finding a weighted average contribution??
ThanksYou have asked this as a comment to a lecture and I have answered you there!!
If variable costs are more than the selling price, then certainly the contribution is negative. However if that were the case then you would not produce that product.
Hi, I have one question about planning and operational variances for materials. In one example they used for “material price planning variance” this formula:
(Std price-Revised price)*Revised quantity
In another one:
(Std price-Revised price)*Actual quantity
Between them which one is correct. I mean if I am asked such kind of question in the which one I have to use?
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Sir, if you don’t mind, can you help me with this exercise?
The following price and demand combinations have been given:
P1 = 400, Q1 = 5,000
P2 = 380, Q2 = 5,500
The variable cost is a constant $80 per unit and fixed costs are $600,000 per annum.
What is the optimal price and maximum profit?
I just found the demand formula, but i don’t know how to find optimal price and maximum profit?
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