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I feel exam was a little bit too easy comparing with other ones like F7 or F6, i was 30 min late and finished 10 minutes early.
@tarunkumar said:
@JIMBOB, Ref. to question for Variances, the Budgeted Selling Price was given right at the begining of the question and the actual selling price somewhere near the middle of the question, There are various ways of calculation, I used the Actual Units Sold and Multiplied it by Actual Selling Price and Actual Units sold multiplied by Budgeted Selling Price, if memory serves me right the variance was adverse as the Budgeted SP was higher than actual SP hope this helps.I think budgeted selling price was $16995 and actual $16000 with budgeted sales of 140 and actuals sales of 154
@beataziobro said:
from the link it indicates that should be 110$. Labour at full capacity-can`t hire extra staff-relevant cost is contribution lost plus variable labour cost.I bet we going to get someone who will post “No/Wrong” it should be $40 🙂
@abuzer it is your decision regarding F5 you can try and do other exams. Maybe just do F5 when it will be CBT as per below.
Just found this on ACCA website:
ACCA awards Pearson VUE contract for future delivery of F5-F9 computer based exams
F5-F9 exams will start their transition to CBT towards the end of 2016, with students initially having the choice of CBT or paper exams. ACCA has agreed with learning providers and employers that any changes being introduced across the ACCA Qualification will be phased, ensuring they, and students, have time to adapt to the changes.
@abuzer said:
I know I should pass them all but my question is can I do F5 later and Just try different paper Like F7 or F8 or F9 because I tried F5 three times but I didn’t go through.
I’m really I need someone to advise me.
I will be appreciated it.I did my F7 just after i passed my F3. I’m sure you can do any of F1-F9.
This relevant costing got people going. I would love to gain 2 marks with 40 but in this case it is 110. It would be nice to have answers from acca.
Kaplan revision kit-Labour is in short of supply so it is an opportunity cos +contribution forgone. I have posted exampe from open tuition notes in my previous post showing both cost should be included, so it is 110. Two of them cant be wrong.
jimbob1212 agree with you regaring tactical decition and ROI 12000/60000=0.2 and 13000/67500=0.19
Not sure about $40
Same scenario from OT notes:
A company needs 5,000 hours of labour for a contract they have been asked to quote for.
The work currently being carried out by our employees is generating a contribution of $12 per hour,
and using them on the contract will mean taking them away from their other work,
Our workers are paid at the rate of $8 per hour.Answer:
5,000 hours x (12 + 8) = $100,000I thought the same just contribution as labour cost is irrelavent , but above question does include $8 p/h
Hi All,
I believe exam was a hard one and definitely examiner had a slightly different approach comparing to previous exams. MCQ- I was not sure about 5 questions including advantages of direct vs indirect input? Some mcq there really hard and took long time to get the answer.
MCQ
1-Got £1.02 ABC 0.12+direct cost of 0.90
-Relevant cost got £40 but should be £110 it’s in OT mcq chapter9 q5
-For the goods received notes question : Format check & sequence check
-For the level of information question : Both operational(Tactical should be long term over 5years)
-For motivation picked 2
-Accept both RI and ROI RI= profit 10K less 7.5 cost of investment=accept, ROI= was giving something like 13.3%
-For joint processing question: reject the first and reject the second
-which is MOST LIKELY” to be affected- Government
-On the selling price I got $20. 35-0,01(1500). Not so sure ever.Part B:
Q1 Target Costing
A-Steps
B-Advantages and Disadvantages for cleaning company if adopted TCQ2 Minimax regretion/Expected Value/Use of Probabilities
A)
Contribution per unit sold : $5.20 – $1.80 = $3.40
Construct payoff table for each possible daily demand and each possible daily supplyDemand- 500,550,600,650
Supplly
500
550
600
650For example :
If supply is 500 and demand is 500 : contribution = (5.20 – 1.80) x 500 = $1,700
This amount is the same for demands of 550, 600, 650
Not sure but when supply is 600 and demand 500: 600*(5.20-1.80) less 100*1.80B) Explanation of EV and adoption of probabilities by flower company
Q3
A- Overall satisfaction of bus company – no idea
B- Comments on directors view- made few points e.g. not enough info, just made up staff
C- Definition of Efficiency and effectiveness followed by one exampleQ4
A- Weighted average contribution to sales ratio. Got 0.6092 or 60.92% I did exclude % of fixed labour when calculated contribution
B- Margin of safety in $
C- Draw a chart with not paper provided 🙂
D- Can’t remember Breakeven point?Q5
A) Sales variances- redraft
Used two formulas
Sales Volume Variance (ASale – BSale)SProfit/unit
Sales Price Variance (APrice – SPrice)ASalesB) Assess companies and directors performance taking in to account what in country price decreased by 2% but market share increased by 5% and director has heavily invested in advertising.
I do not expect to pass F5 this time. ACCA is designed to be difficult and you should expect to be tested not only in the scenarios from revision kits but overall understanding of performance management, no blame to ACCA at all. This is why it’s well respected qualification.