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@heychi said:
Yup, time was short but I hope we’ve done enough. I didn’t focus on the contract in part (a) because they couldn’t even make enough shakes to meet the current Market demand in the first place. If they had done that, then yes they could talk about how to fulfil the contract. I got a shortfall of 2060 shakes because the market demand was 2500 from what I remember. So, they could only make 440 shakes from Betta.In part (b) Was asking whether they should breach their agreement. I said they should breach their agreement because as long as Betta is limited to 12000 grams, they would not be able to make any more shakes regardless of the demand and regardless of the contract. The contract also demanded they make vast amounts of shakes which again I said would not be possible because of Betta
My Optimal plan was to make all Cookies and Cakes. 440 units of Shakes could only be made based on the limiting factor.
Used the same calculations and got the same numbers with a shortage of 2060 shakes times the amount of Betta they require
@dilyan said:
Used the same calculations and got the same numbers with a shortage of 2060 shakes times the amount of Betta they requireRight? Do you remember what the question said? All I remember was to calculate the optimum production plan..so confused but maybe then we missed out on actually reading the question?
Either way, I’m just hoping we at least pick up some marks for our method.. 🙁
Cakes needed 0,5g cookies 0,2g and shakes 1 g of betta.i have found 3060 shortage.does anybody remember any Mc questions???? When the paper is gonna published????
@demetrios21780 said:
Cakes needed 0,5g cookies 0,2g and shakes 1 g of betta.i have found 3060 shortage.does anybody remember any Mc questions???? When the paper is gonna published????Hi, Shakes needed 1.5g of Betta.
McQ’s took a while for me to work out but overall was okay. Only questions I can remember that were tricky:
Flexible Budget question
The sales Volume and/or price variance when reporting flexed budgets
ROI question
Which performance measure it was that did not relate to Target costing?
value of perfect information question
Sensitivity Analysis QuestionThe rest were okay. I think results are 6 weeks from the exam..
@omz86 said:
I had the same answer. 3060 shortage of shakes.looks like different people got different figures for this one. Some people ranked shakes first and others last. I think it’d be interesting to know what the answer is when the results come out.
Was good, i remember in the lecture mr Mottaf said someone can be stupid to mix up maximin and maximaxi, and i was there completely lost. i took a while then later figued it out. hope it turns out well. MCQ were very tricky. but overall lectures and revision questions from open tuition have helped me alot.
and i forgot the world feasible in Q32 on linear programming, but i explained what it mean so i hope i still get a half mark.
Mr Jonh Moffat, its like you see through the examiners mind. u do a great job, Thank you. if i dont make it this time am certain next time i will pasa and with good marks. your lectures are on point. once again thank you.
The key in the question was if they keep the contract on shakes, so my answer was first fulfill the contract on shakes , then go to other products depending on their contribution:)
The first question was to find the shortage.so you make the calculations for all the units (budgeted and contract) to see how much shortage of betta is.After this the second question was if they will onour or breach their contract (of course it was depending on your calculations in part a)
Hi guys,
So happy I found this group 🙂 last Wednesday was thinking about my answers all the time… Unfortunately I didn’t have enough time for Section C questions and did them fast and not all.. For example didn’t discuss financial performance of the company.. Just calculated few ratios and then just wrote something about balanced scorecard.
Qs 32 I did all but did not have time for part c….also not sure regarding the optimal production plan as shakes were only 4400 left in my calculation..most probably I did it wrong too.. not so happy about the Section C…From the multiple choice questions I remember :
BEP I answered 16875 now I know it was wrong…
Efficiency instead of effectiveness.. what a stupid mistake.
Q1 I did not include the depreciation
Q15 about ABC was also tricky.. I answered 40 but I think it is also wrong..
Cost gap 2.05
There was a question to calculate the value of imperfect info.
minimax correct
maximin correct
about penetration pricing. It should be economy of slack and highly elastic in my opinion
there was some question were I also answered 7500
there was a question to indicate which constraints was with slack or no slack I don’t remember but I answered Labour time
Variances also correct
I was very disappointed did not have more questions on variances..
there was some question with high low method and then another one was to find the hours
what about the question regarding the protection of data? Working in government department and some of the info are confidential..what did you answer there? I answered A – something about working from home.
There was also a question about the learning curve and what happens with the target cost. I answered that target cost does not change but the gap will increase.
I also would like to know the answer for the question about Target Costing. Which of the analysis is not included in Target costing..It was my first attempt and I wish to pass.. but I really don’t know.. looking at Section C..it might be difficult.
The lightening in our hall was very poor.. it was very uncomfortable to read the questions and sometimes had problem with seeing well..
Thanks pamelamalta!!!!u remembered me a lot of Mc questions.im trying to remember the rest of the target cost question (as it was my best) from Mc
@msarosh said:
I loved Q31, much better than F7s ratios -_-I agree!
Does anyone know when the question paper comes out? I’m trying to remember more of the MCQs.
@demetrios21780 said:
Thanks pamelamalta!!!!u remembered me a lot of Mc questions.im trying to remember the rest of the target cost question (as it was my best) from McThe Target cost questions I definitely remember are:
1) The performance analysis or measure that isn’t to do with Target costing?
2) The appropriate actions for the company to take to close the cost gap – think the options were to use plastic or something for the CD covers, use standard components, use junior trainees and something else. You can select multiple.
3) The cost gap figure which was 2.05 I got.Maybe the definition of Target cost?
Can’t remember more on it but I’d be interested to know what the performance that wasn’t to do with Target costing is and what the company should do to close the gap.
So what was the corect answer to close the gap??????I don’t remember what I put because I gave more emphasis to the main questions…..
As far as I remember the most of my answers were A.
Like everyone here I’ve been going over the questions and the answers I put over and over again. Pointless really. It’s torture but I can’t help it.
Closing cost gap – I nearly put the option about using cheaper plastic but the question specifically stated the company make high quality products so didn’t go for that in the end. there were lots of little things like that to throw us throughout the whole paper.
With the Maximin/Minimax regret – Were we meant to muliply each entry in the profit table by the associated Expect value or was the profit table after those EV’s had been taken into account? I went for “A for Maximin” and “A” for minimax regret which I realise must be wrong now.
There were so many multiple choice questions where I felt happy that question had come up as I knew the technique of how to get the answers but then the answer on my calculator matched none of the options available!! That’s the worst. Then you end up guessing. It’s the multiple choice aspect that is the hardest because it’s all or nothing.
I agree that 3060 was the shortfall but I didn’t have time to do a production plan so not much good.
I’m upset because I’m sure I’ve failed again when I’ll never have a better chance of passing as that F5 paper was very do-able.
@dicky123 said:
Like everyone here I’ve been going over the questions and the answers I put over and over again. Pointless really. It’s torture but I can’t help it.Closing cost gap – I nearly put the option about using cheaper plastic but the question specifically stated the company make high quality products so didn’t go for that in the end. there were lots of little things like that to throw us throughout the whole paper.
With the Maximin/Minimax regret – Were we meant to muliply each entry in the profit table by the associated Expect value or was the profit table after those EV’s had been taken into account? I went for “A for Maximin” and “A” for minimax regret which I realise must be wrong now.
There were so many multiple choice questions where I felt happy that question had come up as I knew the technique of how to get the answers but then the answer on my calculator matched none of the options available!! That’s the worst. Then you end up guessing. It’s the multiple choice aspect that is the hardest because it’s all or nothing.
I agree that 3060 was the shortfall but I didn’t have time to do a production plan so not much good.
I’m upset because I’m sure I’ve failed again when I’ll never have a better chance of passing as that F5 paper was very do-able.
I know how you feel – the syllabus for this paper is so much, and all the topics don’t really connect. The paper was very doable but you’re right, so many tricks and not enough time. It is upsetting the McQ’s are either all in or not..
I almost put the CD as well but like you said I realised the question said they were leaders in the industry. So then that also meant they couldn’t use junior trainees because they would produce a substandard work. I chose to use the standard components where they can, and the last option was something reasonable as well which I chose. So that was D for me options 2 and 4.
What did you put for the performance that isn’t to do with target costing? I had a guess and put Variance Analysis because I thought that is to do with standard costing when setting budgets not target costing? – had no idea on this one.
Pretty sure I didn’t get the ERP system question right as I put the rapid response on Inventory count. Didn’t get the ROI question right, and for value of perfect information I guessed whatever option C was but probably not right. Totally forgot how to do that.
Another tricky one was the Flexible budget cost question? When you flex it at 80% capacity they asked what the labour cost was? I put either A or B which was £2,770,000 or £2,035,000 – something like that.
How many pages did you write for question 31? I wrote I think one page including calculations.
I came out of the exam feeling okay about it till I came on here haha. Now i’m not so sure!
@heychi said:
I know how you feel – the syllabus for this paper is so much, and all the topics don’t really connect. The paper was very doable but you’re right, so many tricks and not enough time. It is upsetting the McQ’s are either all in or not..I almost put the CD as well but like you said I realised the question said they were leaders in the industry. So then that also meant they couldn’t use junior trainees because they would produce a substandard work. I chose to use the standard components where they can, and the last option was something reasonable as well which I chose. So that was D for me options 2 and 4.
What did you put for the performance that isn’t to do with target costing? I had a guess and put Variance Analysis because I thought that is to do with standard costing when setting budgets not target costing? – had no idea on this one.
Pretty sure I didn’t get the ERP system question right as I put the rapid response on Inventory count. Didn’t get the ROI question right, and for value of perfect information I guessed whatever option C was but probably not right. Totally forgot how to do that.
Another tricky one was the Flexible budget cost question? When you flex it at 80% capacity they asked what the labour cost was? I put either A or B which was £2,770,000 or £2,035,000 – something like that.
How many pages did you write for question 31? I wrote I think one page including calculations.
I came out of the exam feeling okay about it till I came on here haha. Now i’m not so sure!
The flexed budget question I put D for the 1st one I think.
I sat the June F5 paper and found it very difficult, much more difficult than the September one we just did. I barely answered either of the 15 mark questions and struggled with the multiple choice (and I felt v prepared going into that exam!) I failed but with 47% which I still find astonishing that I was only 3 away from clearing it. This time I felt happier with the exam and gave it a much better shot but I will put money on my score being lower than last time.
I think they’ll make the December paper rock hard as this one was actually quite kind when you think about it.
I can’t think about it anymore – it’s driving me (not to mention my wife) crazy!
hi there
dose some one know about when we can see the MCQ booklet on the ACCA website?Target cost 2.05.Roi is D 15.09.the one I think effectiveness.in ERP I choose the strategic plan because it took information from internal such as purchase and sale department.variance answer one is 400 other I think 640 or 600 .in 32 the first part i left but in linear programing i choose the point C is optimal production planTbe ratio question was lenghty however calculate for both years and then compare and comments.please reply if anyone match.
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