*** ACCA F5 December 2016 Exam was.. Instant Poll and comments ***

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These were my answers to the mcqs and mtqs, in order from 1-30. Fingers crossed and would really appreciate it if someone can tele it with me. Best of luck to everyone.

When will acca upload question paper and its answers?

You had to work out the difference between the revenues of each quarter. the revenue of Q1 was 98% of Q2, so you had to Divide the revenue of Q2 by 98% to get the budgeted revenue of Q3 and so on.

Exchange rates cant be controlled by Managers so shouldnt by in calc, Trading profit should have been used.

I guess i got one around 18% and one 12% …

@azaramirov said:
Anyone else remembers the questions?
1. Optimal plan for cakes while 220 gram available
2. Optimal plan for marathon for $55 and $30…
3. EV is not sensitive to probabilities.
4. ZBB – not building up previous inefficiencies, or smth like this

2) The option that had 17000 something and 20000
3) I picked that it doesnt show all the outcomes and there was one option related to profit

@heychi said:
Hey, I posted my answers to these. I got:

1.Optimal plan was the option with 0 muffins that can’t be made and i think 120 brownies.
2. Marathon optimal plan I got the same as Msarosh option A with 17540 and 20000
3. I picked the option that EV is sensitive to probability assumptions (in my opinion) and it that it also doesn’t show all outcomes. It depends precisely on assumptions about probabilities, how low or high it is at each decision point to get to the EV for a decision in the first place..so assumptions about the probabilities would affect it (in my opinion).
4. ZBB – You are right, it doesn’t build up from previous inefficiencies. I can’t remember the other options now but it’s definitely doesn’t build up from inefficiencies.

What did everyone else put for the joint production profit/loss for product X? after the cut off point?

And throughput ratio – how to improve TPAR to do with products Y and Z?

To improve TRAP- first one was accepting discount…

Was baking or mixing bottleneck?
What about life cycle cost per unit? do you remember?
Also investigation cost for the activity…

I think it is insensitive too. What about the mixing or baking… which one is bottleneck?

Hey guys! So here are the MCQs that I can remember (in no order):

1. The flow cost question – I put waste
2. The closed system question – I put control test or whatever the control answer was.
3. Services for the eye care -Simultaneous
4. $592000 BE sales
5. Reason for the favourable variance? – I put the ingredients used in actual were less that expected and that’s why..
6. $590 transfer price (c)
7. Which is the bottleneck for the mixing, baking etc?
8. Optimal Marathon plan was Answer A with 17540 and i think 20something thousand.
9. Optimal plan for the cakes and muffins and brownies – I chose the only answer with i think either 0 muffins or something. It was the only answer with 0 in it though i think it was C. 120 of brownies were made I remember…
10. Breakeven question about if the selling price and variable costs and something else increased for the 10km race – I put BE is unchanged but profit goes up 10%.
11. Total Materials price VAR – I got $40.50 Averse
12. I got $17.43 cost per unit for one ABC costing question about inspections…
13. There was a question about the EV and it’s sensitivity to probability assumptions. I think I put it’s sensitive to probability assumptions as it does assume a lot. I picked that and the other option about ignoring the variable outcomes that can occur.
14. One question about ZBB being functional and something else. I think another option was ZBB built on previous budget which i thought was wrong as that’s incremental.
15. The question about the Least safest way to handle highly secure info.
16. A question about whether the materials mix was treated as usage or something..
17. Materiels yield Variance
18. The joint products question of X and Y – I think I picked $400 gain but not sure.
19. The question about what the manager in the investment centre is responsible for – I put costs, revenues, and transfer price.
20. The question in order to improve TPAR with Y and Z? I think I chose A to increase selling price of Y by 10%..not sure on this one.
21. TPAR ratio was 1.5..something and the reason it must have happened

That’s all I can remember for the MCQ’s.

31a) Construct the rolling budget
b) The problems they were having before and how Rolling budget would help.
c) The problems the manager might face of implementing the rolling budget.

32a) Calculate the ROI
b) Explain why certain costs have been excluded from the calculation in part a)
c) Explain the problems with using ROI as a performance measurement.

I found this paper very challenging but doable. Much more challenging that the September one which looks like a walk in the park compared to this one. Not much variety of topics either. This was my second Attempt – got 47% last time. Kicking myself over that paper as I really should have passed it..just made silly mistakes.

Ah well!

Ok so I have this question for all of you that put 0 muffins or brownies on the throughput question and I would really appreciate if someone can clear this out for me.
Didn’t the data in the question specifically ask us to honour the contract we had with the cafe and to provide them first and foremost? It had a minimum amount of cupcakes, brownies and Muffins that the cafe required, so how could your answers have 0 muffins or cupcakes?
Or am I just being delusional here and we only had to focus on the OPP? :/

@azaramirov said:
1.Which problems could arise applying Rolling budget?
2.Which problems for ROI calculation?

I put:

1. Resistance to change, Inexperience of the MD who would need to consider costs of hiring expertise to help with the transition. I also put rolling budgets will be required to be produced more frequently than the staff are used to, and are expected to be more accurate and up to date. This would require more responsibility accounting, and more time dedicated to budgeting. Some staff may perceive that badly…

2. I spoke about goal congruence issue. There’s also an issue with depreciation I think of old assets that could make the ROI look favourable? So keeping old assets rather than improving them could be tempting for managers..which wouldn’t be good for the company as a whole.. I only put down the issue with goal congruence though as in the exam, that was all i could think of to talk about..!

@msarosh said:
Yes the question did say that the minimum demand for cupcakes, brownies and muffins must be met. They had given us the minimum and maximum demand for each of them

However, the question mentioned that “in order to maximize the profit” or smth like that, so we had to rise the limits to the maximum (my opinion).

Anybody made sure which bottleneck it was ? mixing, weighing or what?

hi, any idea when the december sitting paper will be posted?

@azaramirov said:
However, the question mentioned that “in order to maximize the profit” or smth like that, so we had to rise the limits to the maximum (my opinion).

Anybody made sure which bottleneck it was ? mixing, weighing or what?

Dude you make absolute sense but aren’t the mtqs supposed to be treated according to the scenario provided at the start of question and not independently on its own? I basically used that approach to meet minimum demand first.

And if I remember correctly, the bottleneck was mixing.