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@anastassiya777 said:
The worse thing that we will not know the right answers for mcqs after so much discussions and opinions of it!:(I’m using Google to find out about the confusing ones I haven’t come across. I’ve so far found the answers to a few.
Sometimes ACCA also publishes some of the actual past questions in a specimen paper but of course every question won’t be in one paper.
Quater question had something ti do with words like based on nedt quater so i choose 3 quaters amd added 880
ROI I CHOOSe both dnt knw knw i got very good roi value@musmang44 said:
Quater question had something ti do with words like based on nedt quater so i choose 3 quaters amd added 880
ROI I CHOOSe both dnt knw knw i got very good roi valueDon’t worry, there’s usually a topic everyone’s not good at. Mine is all the decision tree probability stuff. I was SO happy that it didn’t turn up if anything.
The learning rate question was almost certainly 81%.
I always solve these learning rate questions where you have to find the learning rate, the same way.
Y = A x X^B
If we know Y, A and X, but we don’t know B, (as in this MCQ), then I use this method:
Take logs of both sides of the equation:
Log(Y) = Log(A) + B x Log(X)
Then rearrange to get B:
B = (Log(Y) – Log(A)) / Log(X)
Then plug in the numbers of Y, A and X to get what B is. Say in this case we get B = 5
Then now we know that 5 = Log(R)/Log(2)
Then Log(R) = 5 x Log(2)
Then Log(R) = 1.505
Then use the ’10^X’ button on your calculator to find the inverse log and this will get you what R is, in this example of mine R = 32.
This method works for computing any learning rate so I always used it, and in the exam I got 81% for the learning rate.
I got $890,000 for the rolling budget question, I hope I solved it right but not 100% sure.
Here is my method:
I got that initially 850,000 = X + (X + 10,000) + (X + 20,000) + (X + 30,000)
So 850,000 = 4X + 60,000
This means that X = 197,500
Now for the next quarter we lose the quarter for ‘X’ and gain the quarter for ‘X + 40,000’ so we have the new budget as:
New Budget = (X + 10,000) + (X + 20,000) + (X + 30,000) + (X + 40,000)
New Budget = 4X + 100,000
New Budget = 4 x 197,500 + 100,000
New Budget = 890,000
@heychi said:
Not sure about the MCQs, guesses about 10 answers. My answers were:A
B
D
B
A
D
B
C
C
D
C
B
B
A
A
Can’t remember
C
C
Can’t remember
B
Can’t remember
C
D
B
D
C
A
A
C
CHi,
I am terrified cause only 11 answers matches your and there is no chance i have passed it. Really annoyed with myself:(For the planning variance MCQ I got my answer as 1,000 F which I think was choice A.
This one threw me at first, as normally we are given the raw data, (e.g. number of units, prices, actual quantities etc.), and we use these to compute the variances. However for this one they gave us the variance totals but not the raw data.
I spent the first 15 minutes of the exam writing down all the variance formulae, throughput formulae etc. on the blank page of the question paper as I was worried about it all ‘falling out of my head’ so-to-speak.
From these formulae I plugged in the numbers that we were given in the question and used simultaneous equations to eliminate the unknown ‘raw data’ parts of the formulae. So that I could get the last remaining variance.
For the Sales Mix and Sales Quantity variances, I got that both of D6’s sub-variances were adverse, and one of D7’s was adverse with the other being favourable. Overall both were adverse.
One of them was something like 1,911,545 A. The numbers I got were not nice and round in any way shape or form, if that helps others. I used £301 and £449 for the Standard Margin as the question was about an Absorption Costing organisation rather than a Marginal Costing organisation.
In the last 20 mark question I forgot to calculate the Interest Cover like other people did, so that was a mistake. I thought from the top of my head that only GP Margin and NP Margin could be calculated from the P+L alone, but the Interest Cover could also be calculated.
I did some adhoc, bespoke calculations like working through what I would expect the Admin Expenses to be if the computerised billing system really had saved 50% of expenses. Namely from the 20X6 figure of 14,000 I did:
14,000 x (9/12) + 14,000 x (3/12) x 50% = 12,250
12,250 was in the ballpark of the actual 12,600 20X7 figure, and so the machine was indeed helping to save roughly 50% of costs.
So yeah, I’m not sure if random calculations like these are acceptable, even if they aren’t official ratios if you see what I mean!
Like many, I didn’t have a clue about the Life Cycle costing one, I’m guessing that most thought it was simply:
122,000 / 150 = 813.33
But then that wasn’t one of the four answers and so as a result I spent way too long looking at this question trying to work it out when I should have just shrugged my shoulders and moved on.
Someone above mentioned that the table was done in a way where it was easy to double-count the number of customers so I guess that was the trick to this question.
@accountinglearner said:
For the planning variance MCQ I got my answer as 1,000 F which I think was choice A.This one threw me at first, as normally we are given the raw data, (e.g. number of units, prices, actual quantities etc.), and we use these to compute the variances. However for this one they gave us the variance totals but not the raw data.
I spent the first 15 minutes of the exam writing down all the variance formulae, throughput formulae etc. on the blank page of the question paper as I was worried about it all ‘falling out of my head’ so-to-speak.
From these formulae I plugged in the numbers that we were given in the question and used simultaneous equations to eliminate the unknown ‘raw data’ parts of the formulae. So that I could get the last remaining variance.
Yup, The Planning + Operational variances = Total Variance.
I really hope this paper is a pass for me but you never know.
used balanced scorecard
percentage of sales from new products
effect of devaluation
effect of once off payments@aglong said:
I’d be interested to know how other people approached the last question – as there was no BS sheet info, couldnt perform ROCE (etc.) calculations… apart from gross and net profit margin %’s, what other calculations did other people use?Thanks
@april04 said:
Hi,
I am terrified cause only 11 answers matches your and there is no chance i have passed it. Really annoyed with myself:(Hi,
Based on the answers everyone’s given/shared 10 of mine could be wrong too! I also remember you being scared about auditing results and you passed!
I do think its more terrifying when you can only take the 1 exam every 3 months.. 🙁
I’ve only got this and F7 left.
@musmang44 said:
15th question sales rolling budget ideas ? A b c d ? Something i think it added up to 3 quaters not 4 ???
14 throughput one ? Ideas??increase by 40 so 890
best way is to draw a table with 5 quarters fisrtst 4 being first 12 months and 2-5 being next 12@accountinglearner said:
For the Sales Mix and Sales Quantity variances, I got that both of D6’s sub-variances were adverse, and one of D7’s was adverse with the other being favourable. Overall both were adverse.One of them was something like 1,911,545 A. The numbers I got were not nice and round in any way shape or form, if that helps others. I used £301 and £449 for the Standard Margin as the question was about an Absorption Costing organisation rather than a Marginal Costing organisation.
In the last 20 mark question I forgot to calculate the Interest Cover like other people did, so that was a mistake. I thought from the top of my head that only GP Margin and NP Margin could be calculated from the P+L alone, but the Interest Cover could also be calculated.
I did some adhoc, bespoke calculations like working through what I would expect the Admin Expenses to be if the computerised billing system really had saved 50% of expenses. Namely from the 20X6 figure of 14,000 I did:
14,000 x (9/12) + 14,000 x (3/12) x 50% = 12,250
12,250 was in the ballpark of the actual 12,600 20X7 figure, and so the machine was indeed helping to save roughly 50% of costs.
So yeah, I’m not sure if random calculations like these are acceptable, even if they aren’t official ratios if you see what I mean!
I got exactly this answer, thanks for reminding me. I also did the add hoc calculations too with the same figures haha
@heychi said:
I do think its more terrifying when you can only take the 1 exam every 3 months.. 🙁
You can take two exams every three months if you like, but it is hard work.
I sat my last two F papers this time round, hopefully trying to avoid being forced to take the CBE versions next year as I don’t like the idea of having to do calculations using a computer when you spend your study time doing it on paper.
For the final part of question 31, for 9 marks I calculated the sales price and sales volume variances for D6 and D7, and also looked at the 10% increase in market size for D7 and so calculated a revised budget for that one and computed planning and operational variances for it and then just made some comments about what I calculated.
Hopefully that was a reasonable thing to do and that the marking guides are open ended enough to allow credit for doing that, as I must admit I was a bit lost as to what to do exactly.
@heychi said:
I included this and still got 50%.Yes i did the same as commision was indeed a variable cost. 44% was my answer
@accountinglearner said:
For the final part of question 31, for 9 marks I calculated the sales price and sales volume variances for D6 and D7, and also looked at the 10% increase in market size for D7 and so calculated a revised budget for that one and computed planning and operational variances for it and then just made some comments about what I calculated.Hopefully that was a reasonable thing to do and that the marking guides are open ended enough to allow credit for doing that, as I must admit I was a bit lost as to what to do exactly.
What was q32 ? Wasn’t it asses the financial performance ? Like comparative results ?
For question 31,I have used marginal instead of absorption..
Is it possible to have any marks for these calculations and in general for that question?
can anyone tell what the ans of 1st question…
bcz in the question its said that manager are not complete his account…
that’s why I used traditional absortion costing… and my ans is d…
is it right????or is it with ABC
set up cost is calculated with number of set up..
so what about the others costs….????yes
that’s the thing it was too complicated and haven’t seen such question in the past for variancedid you managed to answer that 8 marks question and what was ur answers?
i tried to answer it with st contribution per unit
do you think I will get any marks for that?
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