PM*** ACCA F5 June 2017 Exam was.. Instant Poll and comments ***

My answer to first 15 questions : d,c,d,c,d,b,bc,b,c,c,c,c,c,d.. anyone the same?

killer paper

There was a question regarding what risk it is if he woul be risk averse/ neutral.. or it says that it is not a method for one off projects what did you answer please? it was in section A maybe question 1 or 2

That was question 1 and I think my answer was D

@cheriee said: There was a question regarding what risk it is if he woul be risk averse/ neutral.. or it says that it is not a method for one off projects what did you answer please? it was in section A maybe question 1 or 2

Yeah it was question 1, basically there were two projects (bus stop and railway I believe) and we were given the EV's of both. Then we were told based on a neutral investor, what should we go with. Then two answers were based on a reason because of maximin/maximal Can't remember the other And the final one was the highest EV due to the criteria, can't remember it all, but I remember putting D I believe

Can anyone remember what they put for the relevant cost MCQ? As it asked for purely just the relevant cost per unit for labour and VOH, so from that logic it was $50 Usually you should do lost contribution as well (making it $75) however I went with 50 simply as it asked for relevant cost of those two amounts, would love to know your guys answer

I did $75 but could be wrong

i chose $50 as well

I calculated ?ner 65

I choose D ?

I chose contribution lost plus labour hours (50+15)= 65

I choose same u

We could try getting an unofficial mark scheme going? I'll start one and you guys can quote it and update with your own knowledge as I have grey areas. 1) About EV's - went with the highest EV as it was optimal profit and was neutral investor 2) material mix variance - I got 240 (can't remember if was Adv or Fav) 3) accept it on basis of RI but not ROI 4) item that ISNT a constraint of throughput was turning materials into cash as quick - as in throughout idle time is preferred 5) ?? 6) ?? 7) was this the one on a logical control access? - I put the encryption of data between two internal departments as I viewed the question as what controls prevent unauthorised access, and locking the doors to the IT systems, security questions and a fire wall all prevent unwanted access 8) junior HR fix to prevent breach of information- I put to have controls on the senior Information 9) budget increase in profit - I went with $500 increase 10) was this the target costing? If so I put "selling price is determined by adding profit margin" (as this is cost plus) 11) relevant cost question I put $50 12) ??? 13) ??? 14) ??? (ABC but can't remember) 15) environmental, I put all 3, as adopting it would make firms more aware of regulations/waste and so therefore would actually help reduce penalties Feel free to update questions if you disagree etc and of course the "???" Ones as I can't remember those ones Hope this helps you all out!

I chose 75 since the question asked for Relevant cost of both labour and variable overhead costs. That is Labour + Var. overhead+ opportunity cost for labour.

I chose $75 if i didn't rmb wrongly :/ this paper was disaster especially the Mcq.

in 2nd question 240 adverse 3rd both RI and ROI becaue roi is 19.33% more than cost of capital

@yasir2444811 said: in 2nd question 240 adverse 3rd both RI and ROI becaue roi is 19.33% more than cost of capital

From my studies, Cost of capital is primarily associated with RI If I remember, the ROI before the investment was 20.something%, therefore since the ROI fell below this, it wouldn't be accepted

I said RI accept - ROI reject as it'd mean a reduction in the current ROI of 20%?

@oatasayar said: I said RI accept - ROI reject as it'd mean a reduction in the current ROI of 20%?

That's what I got too

MCQ 2: Actual Mix was not given.

I agree

i thought since the material price variance was zero, the yield variance would equal to the mix variance?

Then what do you do ? You took the actual cost and deduct it from the Standard Mix Actual Input figure ?

question 8 on the hr senior who went on an holiday and disclosed his password and username to the junior staff and the junior staff used this data to leak the salary of the seniors, the question states how to prevent? I chose option D . Changing the password subsequently.

@kumaren2104 said: Then what do you do ? You took the actual cost and deduct it from the Standard Mix Actual Input figure ?

you say: 120 input should have yielded 120kg however it did yield 100kg so the variance is 20kg adverse and the $ per kg is (60/5=12) so the answer is $240 adverse.

i agree

What answers did people get for the Absorption Costing/ABC MCQ's?

I did D as well

For MCQ on bottleneck, I've chosen an answer like 'items before the bottlenck operate at the same level'... The question said which is not true ! So this is not true.

The MCQs were hard this year. :( The whole paper in fact. I was disappointed as I was expecting variances in Section C. :(