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Fairly doable, I think in q1 the entire Extra hours were the variance x 18. Remember the two variances in labour had to reconcile with the variance given in question. Otherwise, forgotten the rest, off to bed 🙂
Does any one remember what the Kd was? I got someting high like 39% but thought it was a bit exxagerated…
I got 12.4% for WACC.
Pref shares are considered loans, and thus the WACCneeds to be split up into 3 segments- Ve*Ke + Vd*Kd + Vpref*Kpref,Post here even if you have nothing original to say, lets just try and reconstruct the difficult parts of the exam.
The car was limited to £80,000, as its value was £92,000. I’m actually quite surprised that so many people are saying that question 4 was so difficult! It was a simple matter of taking the lease cost for employee, minusing extra tax on £26,000 and NICs too and the opposite for employer- ie cost of lease, minus 28% saving on lease costs (eligible expense) plus the NICs 1A (employers pay on benefits etc) I suspect that those people taking F9 would have found this question easy, as it is very similar to a lease/buy decision.
Also- the ventilations system got AIA but was then transfered to SR pool, not main pool.
Also- cost of the house was the rent paid by the employer, not the annual value, as this was higher.
Also- which FII to use for PCTCT was tricky…
Also- the death of the mother- was this then rolled over (ie considered as if bought at mothers buying price) or no roll over relief avail?
Any other points or observations post it here.
All in all, fair, but will catch out any complacent students.That’s unbelievable- how fast you replied! It’s as if you were watching over my shoulder as I typed!
Your answer is a good one, and I hope ACCA are as sensible as you are, however I just worry because the official ACCA answer sheets appear so rigid. Let’s hope you’re right, and thank you for the speed.
While I’m anyway typing, do you have any thoughts regarding the discursive parts of the papers? I seem to lag behind significantly in these areas- I know most the discussion- however under exam conditions I can literally forget everything! Are there parts that are asked year in year out that are worth memorising by rote?
Thank you in advance for your startling promptness 🙂