Most students wouldn’t of expected both variance analysis and joint ventures to be questions.
The hardest part when preparing for the exam is to try and decipher what the questions requirements are, rather than actually learning the syllabus properly and adding value to students skill sets like with the other subjects.
This is the least useful and redundant paper by some distance, and it seems like it is deliberately too difficult for most people to pass first time and to keep them paying exam fees.