[mrfukamachi]

Hey there, many congrats. Can you let us in on your study schedule and what was your learning strategy?

[mrfukamachi]

53 pass, damn i have no idea how i passed. Cant believe it.

[mrfukamachi]

Aww man same here, section C was terrible, I got relevant costing with transfer pricing. Even section A and B were tough, not a single question on variances, throughput, performance measurement. It seemed as if it was stuck in Activity based costing and relevant costing. Well onto march 2020

[mrfukamachi]

Failed at 42, third attempt, extremely frustrated right now with this subject. Guys i need some advice, any advice on how to tackle section C questions or rather how to prepare for them.

[mrfukamachi]

@dk1981 said:
Yes I had that question, out of all my questions I was least sure I answered this correctly. Did you use the £53 pricing for operational variance and £50 to compare planning variance?

There were 2 kinds of variances we had to find, one was related to market share meaning we had to find the number of revised quantity and multiply that with the standard margin, meaning that (i’m not remembering correctly but i think the standard selling price was 53)
we had to multiply the different values of actual sales, revised sales and original budgeted sales with $53.

The 2nd variance was price variance where we had to use the values just as you mentioned above.

I’ll be honest for a moment i had totally forgotten what both variances were then suddenly remebered.

Did you get relevant costing questions in Section B? i think it was relevant costing just not sure about it.

[mrfukamachi]

>

[mrfukamachi]

Did anyone of you have a section B question about operational and planning variances

[mrfukamachi]

I don’t think the paper was super hard or anything,just a different approach by examiner. The previous comment about the paper being worded differently is so true.

Let me see if i remember correctly the questions in Section C, i had one where i had to produce a flexed budget which was 3 marks and super easy, then i had to comment on the managers performance based on that budget. To be honest theory isn’t my strongest side in this subject so i just wrote down what i could gather and remember. Then another question on incremental budgeting theory aswell, then one final on participative budgeting which i was not able to complete because of lack of time.

The 2nd questions was i think about transfer pricing where i had to make a financial statement of all things, this was super wierd. Was not able to complete it either, but did attempt the second theory part which asked for reasons or advantages of transfer pricing systems.

If i had more time i would have definitely completed the 2nd question but that’s on me i guess.

[mrfukamachi]

I had a question about VAT. What exactly would be VAT balancing payment if you say had VAt payble last year of 133,000 and Vat payble current year 144,000. how would one calculate this

[mrfukamachi]

Actually partial results would make sense, since there is a slight chance of passing. Other than that it shows strengths and weaknesses in different sections of the syllabus.

[mrfukamachi]

First attempt failed at 20, to be completely honest i hadn’t even completed the syllabus since i was busy with another subject but ill definitely pass the next time around

[mrfukamachi]

Fail at 44, thought i was definitely going to pass or rather i was confused through out the whole paper. This was my 2nd attempt, getting anxious now, I need to pass this paper the 3rd time around

[mrfukamachi]

Failed at 41.
First attempt at F5, only had 25 days to study. Could have easily passed if practised a little more.

[mrfukamachi]

@ceriset said:
It looks like I was the only one with different C section questions :).

1) RI and ROI impact on divisional manager’s decision
2) Optimum production plan calculation with scarce resource.

Anyone else here with the same variant?

I had the exact same section C question. I only attempted RI and ROI question, didn’t have time to attempt the optimum production plan question.

what were your ROI calculations on process 1 and 2
mine were 19.something and 25 % for process 2

I think i wasn’t able to completely give the strength and weaknessess of using RI for divisional performance but did give it a try

[mrfukamachi]

I had the exact same section C question. I only attempted RI and ROI question, didn’t have time to attempt the optimum production plan question.

what were your ROI calculations on process 1 and 2
mine were 19.something and 25 % for process 2

I think i wasn’t able to completely give the strength and weaknessess of using RI for divisional performance but did give it a try

[mrfukamachi]

Studied for 1 month and passed on first attempt at 52%, didn’t use open tuition, possibly the reason for low marks but
Will use this website from now on, u guys are awesome.

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