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Yes I was also getting 4.99% and spend a lot of time on that question because I kept thinking maybe i am missing something.
ROCE and ROE neither targets were met.
Think I got the translation, transaction risk wrong, because I chose all 3, but going by Bryan’s explanation there wasn’t any translation risk.I hardly had any answers as C. Out of 20 MCQ’s maybe 2 or 3 were answer C.
@vipulv said:
I was thinking this one alot. I chose A about attending classes or something. ? I think i am wrong. I studied so hard…its almost impossible to pass now.. …….Some of the comments here about ACCA making money is so bloody true. I mean comon they expect us to do too much in 3 hours under pressure. 20 questions mcq plus horrendous section B.Lease vs Buy option – I said choose lease, I used post tax 6% But I messed it up by choosing lease rentals from year 0-5 it should be 0-4 and tax i think i did correct year 2-6.
Ahhhhhhhhhhhhhhh WHY IS WACC not been test past two sittings. I think they know most students are too good at this.
Couldn’t agree with you more. How can they expect us to do MCQ’s which do require a fair bit of working and then answer 5 long questions aswell. How is it possible to answer all 5 questions in full and then MCQ’s on top within 3 hours. They need cut down section B into 4 questions. I dont mind answering difficult questions, but atleast give us the time to think and figure things out. At the moment its a bit of a lottery, if the topic you are good at comes up then you can quickly work out the answer otherwise you are screwed because there is no time to think!!!
Workers are on strike only for overtime. They are doing regular hours but will not do any over time due to industrial action/strike.
Are ACCA running out of MCQ’s or something :p Why would they not want us to practice as much MCQ’s as possible
@beataziobro said:
110$ in relevant cost is the right answer and end of story.They were saying that workforce is working in full capacity so relevant cost in this case must include variable labour hour cost plus any associated variable overheads (weren`t mentioned so 0) and any contribution forgone.
If workforce was not working in full capacity than the labour cost wouldn`t be relevant if they are paid anyway.
All other information about strike were just distracting from getting the right answer.
Labour was working on full capacity because they were on the other project which generated a contribution of $4 per hour. When we take them off the other project that means labour would have free time which can be used on this project. Labour will be paid regardless whether they work on 1 project or another, so i dont see this as an incremental cost. I would love it if the answer is $110 because that’s what i got but looking at the theory I think the relevant cost is the foregone contribution $40
I had $110 as relevant cost, but it just seems wrong and didn’t cross my mind during exam that labour was in employment anyway so they would be paid regardless, so the only relevant cost should be the lost contribution which is $40
Looks like pass rates for ACCA are falling because ACCA are experimenting too much and making exams harder to pass, perhaps they need more retake fees. No wonder a lot more people are choosing CIMA now in UK. At my work place CIMA/ACCA split is like 75/25, and this is surprising because I work in a bank in London. We regularly get CIMA reps coming in giving presentations and nearly all new starters at my work are choosing CIMA.
I remember getting £1.12 as well for ABC. Can’t believe I made such a silly mistake with relevant costing £110. Lost easy 2 marks. hope they don’t prove to be costly 🙁
@umerr786 said:
Looks like i got the relevant costing answer wrong. I did lost contribution £40 + hourly rate £70 = £110. Thinking about it now, it should have been £40 because labour was employed anyway so they would’ve been paid the hourly rate regardless.what did you guys get for CVP ratio? Think I got 0.6.
I meant C/S ratio as 0.6 not CVP
Looks like i got the relevant costing answer wrong. I did lost contribution £40 + hourly rate £70 = £110. Thinking about it now, it should have been £40 because labour was employed anyway so they would’ve been paid the hourly rate regardless.
what did you guys get for CVP ratio? Think I got 0.6.
I am still using the old way, so my answers are a bit different. Does the new examiner penalise or mark the answer wrong?