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

I felt like this exam was ok at the time and I have come on here and now think I have done really badly ???

did anyone get buy in externally 400 y

@pmon4 said:
did anyone get buy in externally 400 y

I chose that answer too

@charrison1508 said:
Also what did people answer for the hospital question procedure 1 or 2?

Also what did people put for the cost of the 9000 units? We were given the figures 5000 units and 7000 units?

i don’t remember the hospital one but for the production units i think i found 40,000

Went for procedure 2 re hospital

Also re 9000 units worked out fixed costs of £1750 added £1000 for extra FC. Can’t remember total

@nathan488 said:
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!

The missing questions were the hospital procedures 1 & 2…

What would the cost be for 9000 units.

Lifecycle costing pick one if 2 statements.

What is the total revenue needed to achieve £7500000 profit.

@pmon4 said:
Lifecycle costing question. Never heard of the term attrition @ 25% so ignored it. Does this mean life cycle of 4 years

Same as me I just picked the second statement think it was the lifecycle costs would decrease the longer product stayed on the market.

@pmon4 said:
Went for procedure 2 re hospital

Also re 9000 units worked out fixed costs of £1750 added £1000 for extra FC. Can’t remember total

Can I ask why you went with procedure 2?

I wasn’t sure but I went with the cheaper one but said we can’t tell (whatever the statement was)

As its a hospital therefore public sector most probably and so isn’t pure financial gain.

When viewing t from the 3 E’s, we’d want the one which is cheapest but also want to know information about the quality side since it wasn’t just about price

Any other people have input about this one?

@nathan488 said:
As did I, I looked it up on google too just now and nothing comparable comes up, the statement didn’t make any logical sense anyway so I just went with statement 2 being true

This is making me feel a little better ?

I felt like the exam was ok, loved Section C, A was alright and B was pretty tough. Reading these comments has made me worried though!

@sarahc92 said:
I felt like the exam was ok, loved Section C, A was alright and B was pretty tough. Reading these comments has made me worried though!

Same as me I walked out and thought I had passed and then reading in here I’m
Not so sure, section C was a dream of a section feel like I have picked up a lot
Of marks here, section A I thought I had done ok and now I’m not so sure… section B I fee that variances and ABC was ok but linear programming I didn’t have a clue so I just put all As

i chose to have it in a seperate system as the salaries should not be seen by the senior , what do you think ?

Anyone know how to calculate the shadow prices. I kinda just chose anything there