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One more question, how did you structure q32? I just went through all the lines compared to targets and then stated if it was a key deliverable/core value?
31qc. price variance 8190 favourable, material usage 19800 adverse, labour efficiency 8640 adverse. did somebody has the same?
Any one remember Section C question regarding balance scorecard advantage and performance measurement. Does anyone remember the mark allocation for the question?
I’m confused about the 2nd question section A. Was there answer Profit? I thought u chose that thinking it is a profit line. Or there was not such answer? I’m confused.
Sorry I was meaning I chose not u..
What do you think guys? Or is it Fixed costs?q31 was difficult for me compared to MCQ. I panicked when I couldn’t find actual rate per labour hour! I still don’t know how to do this question. I think I did maybe 20% of it. So I’m not sure if I pass… can anyone write how they did it all material and all labout variances.. please.
I thought is 3 mark for the 1st part and 7 mark for the second requirement.
Best wishes for all of Acca opentution studentsThatgirl: 100 % agree I spent too much time trying to figure out what is budget and what is actual and couldn’t find any!
I really hate questions with all data scattered between lines! That was the challenge! I end up writing the names of variances only with no calculations! I remember that labour variance was only about operational and planning. Hope I get mark for my writing!Yeah I wrote something like material price variance is favourable in 2nd part of the question and material usage adverse just because I could see logically that price fell from 3 to 2.85 per 1 dress and usage increased from 2 meters to 2.2. But I don’t think I have done correct calculations.
I also didn’t know how to calculate tpar in MCQ section B because I couldn’t understand how to ca lculate factory cost ratio = factory costs/ limited resource hours. How to absorb factory costs ?
While writing this I think I just realized how I should have done it… instead of absorbing I should have calculated return on throughput = (sales – direct material )/limited resource hours by not taking per unit but in total!
Is it correct?Does anyone remember question 8, which asked which costs were the indirect costs?
I ran out of time and had to have a quick guess, first I had 45 then I changed it to 36.For MCQ 2, I don’t think it’s fixed costs. Because fixed costs is a constant horizontal line on the graph, just checked the books to reconfirm. It should be either profit or revenue – fixed cost. I think revenue- fixed cost made most sense to me at the time
Lolabun,
There were 2 costs. 36 and 9 and I think in total it was 45. I might be wrong though.Lolabun, I wasn’t sure about that one so I had to guess. Didn’t include the clerk’s salary because it was directly related to collecting and collating the information so chose the apportionment of the insurance cost only,9….I’m probably mistaken
Q re only indirect cost I think was 9000 did anyone else get that. All other costs were direct??
@adam94 said:
What about the maximum price for element in target costing Mcq?I got 75 for the target cost. I think it was 130 and 30 (target price) and gross profit margin for the total was 64 and for the food alone was 9, so the gross profit margin desired on the accomodation was 55. So 130 – 55 = 75
Rohvj,
Ok yeah that makes sense now. I chose profit.
If revenue – fixed costs = $0 (where it crosses X axiz at N number of units) then revenue must be equal to fixed costs right? And if there is any revenue (due to production of N number of units) there must be some variable cost involved again because N number of units were produced. Therefore the costs can’t be $0 at N number of units. It should be negative due to variable cost.I included clerks salary 36 to indirect costs because in the note it said it is fixed costs..meaning that it should be absorbed.. that’s why I thought it is indirect then.. I don’t know if that’s right logic
thatgirl,
yeah that might be right, I’m not sure. Cause the way I did it was to identify the breakeven point on the chart and the point where the line z met the x-axis… thought at the point, it looked to me like revenue was lesser than total cost, so it should have been a loss but since the line was at 0. I assumed it was revenue-fixed cost. It’s quite confusing because I can’t seem to find a reference graph
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