PMACCA Paper PM exam was - March 2021 Exam - Instant Poll and comments

GraceOla wrote:Are you sure about the last part? Cause I swear I did not see it ?????

Unless you had a different question to me as I couldn't choose any option- I had to write the answer manually to two decimal places. But all other text was the same as your written

Did anyone have the veggie pot question? They had asked us to calculate the cost gap and had given the cost per batch and the selling price. I read the situation multiple times but just couldn't figure out how many units were in each batch (to be able to calculate cost per unit). What did you all do?

aytashi wrote:This is for students who did not attend in March session.

What was the answer for this one?

Got balanced scorecard question and Variance Analysis question (price & usage) in section C. Section B: 1. Flexible Budgeting, 2. Risk & Uncertainty (Payoff table, maximax, minimax, regret table, etc), 3. Target Costing.

Section B: 1. Targeting cost, 2. Flexible budgeting, 3. Risk & uncertainty (Payoff table, Maximax, Regret table, Perfect information, etc) Section C: Balance scorecard and Variance Analysis (Material price & Material usage)

Section C: Balanced scorecard and Variance Analysis(Material price & usage)

legendary wrote:Section C: Balanced scorecard and Variance Analysis(Material price & usage)

I received the same set..

Oh, the questions were different then. I had to pick one of four options. Whew!

Does anyone remember the answer for the material price and usage, planning and operational variance?

GraceOla wrote:Oh, the questions were different then. I had to pick one of four options.

Really? How strange as rest of the question was exactly the same as the one I had... What was your questions in section b and c?

Section C included market share and market size variance questions and a 20 mark question to discuss the performance of a company. I had technical issues though and had to rebook for wednesday 10th. Does anyone have previous experience of a week 2 exam? Will the exam be entirely different or could it still include the same questions mentioned in this thread?

I received the same Sec C questions! Was thrown by the 10 marker operational & planning calculations though!

sonia94h wrote:Section C included market share and market size variance questions and a 20 mark question to discuss the performance of a company. I had technical issues though and had to rebook for wednesday 10th. Does anyone have previous experience of a week 2 exam? Will the exam be entirely different or could it still include the same questions mentioned in this thread?

So we're on the same boat Sonia, I had tech difficulties and it kicked me out of the exam an hour before the end, I was gutted as I was doing well now I'm worried it will be much more difficult next week! I was also asking same question but no one answered as of yet!

The variance analysis wasn't that bad the balanced scorecard was just a question I prepared myself for. Fingers crossed though.

Material price planning variance = 1,775 Adv Material price operating variance= 710 Fav Material usage planning variance = 0 (because I could not find any revised usage figure) Material usage operating variance= 600 Adv I just concluded the assessment stating that the 710F outweighs the 600A

namah1 wrote:

GraceOla wrote:Oh, the questions were different then. I had to pick one of four options.

Material price planning variance = 1,775 Adv Material price operating variance= 710 Fav Material usage planning variance = 0 (because I could not find any revised usage figure) Material usage operating variance= 600 Adv I just concluded the assessment stating that the 710F outweighs the 600A

Yess..it is so sad that they put the same question as in September 2020 exam...that was so largely and extensively discussed since it was a disaster:(

GraceOla wrote:This is exactly what I did. I think it’s rightrahul6342 wrote:I had the same question. I used the logic that if demand is elastic and price changes by a percentage then demand will change by a percentage more than price. So here the price changed by 10% ($2 to $2.2) so demand will change more than 10%, if we take 10% atleast then demand will change to 450 (500 Less 10%). It means less than 450 and at a selling price of $2.2 *450 = $990, revenue will be less than 1000

I see your point guys. But the thing is, you talk in units per week. But the answers were all PER DAY. Maybe the demand per week would change from 500 to 450, but per day is anyway 7x less.

simk wrote:Did anyone have the veggie pot question? They had asked us to calculate the cost gap and had given the cost per batch and the selling price. I read the situation multiple times but just couldn’t figure out how many units were in each batch (to be able to calculate cost per unit). What did you all do?

I had that one as well. I read the question word after word 10 times, they just did not say how much there is in a batch. But I believe the trick was to ignore this piece of information and start with the information in the middle, where there was a supplier involved with his own markup on cost, which was provided per unit. So I calculated the target cost for him (so that when you add the mark up and then the required profit, you get get to the final price). I did it as a last resort, but there was actually such answer to choose from. Very tricky one.

So which one was the exact answer the one that said 450-500 or the ones that said less than 500?

Hi, did anyone get perfect information question. How much did you get? I cannot remember the how the question went but I know I kept getting negative result so I put 0 in the end. My set was with the market size and share variance.

I think the material usage planning variance was the trips were increased from 150 to 170 per month by the board of directors and the manager was NOT part of the board so this was out of his control . So 20 trips * 2 tonnes per trip = 40 tonnes at $40 per tonne = 1600 Adverse is what I got

simk wrote:

aytashi wrote:This is for students who did not attend in March session.

current ratio = current assets/current liabilities = 1.6/1 = Let's say 160/100 for easy understanding. 30% of current assets are inventories = 160*0.3 =48 Half of inventories were sold (deduct (48-24) from assets) for cash with 100% mark-up (add 48 to current assets). Which means : Now current assets are = 160-24+48= 184 Now current ratio is 184/100 = 1.84 : 1. Someone mentioned that the question was to calculate ratio after reducing liabilities. I might have forgotten the question. Anyways, in this case calculations will be as follows I assume: After deducting half of inventories from current assets (160-24) you don't add 48 cash to your assets, but deduct it from your current liabilities: =(160-24)/100-48 = 136/52 = 34/13 The answer was in the form current ratio = _____:1 . So I believe it was asked to calculate without liabilities, as the answer doesn't match.

simk wrote:Did anyone have the veggie pot question? They had asked us to calculate the cost gap and had given the cost per batch and the selling price. I read the situation multiple times but just couldn’t figure out how many units were in each batch (to be able to calculate cost per unit). What did you all do?

I had that question. I got 1.39$. I am not sure if it was correct answer. The question was : Company 1 buys soups from Company 2. It wishes to sell 1 pot for 2$, and to earn 20% profit. Company 2 sent invoice to Company 1 for the batch of soup pots totalling 155$. After calculating it discovered there is a cost gap. Company 2 adds 15% mark-up to the costs. I calculated it as follows: 1) 155$ is cost of purchases for Company 1, which wants to earn 20% profit margin. Which means costs are 80% of sales. 155$=sales*80% Sales = 193.75$ If sales are 193.75$ and Company 1 wants to sell 1 pot for 2 dollars, it means there approximately 97 pots in a batch. 2) Company 2 sells a batch for 155$, which means this number includes costs + 15% mark up of costs. 155= x+0.15x x= 155/1.15 x=134.78 This is target cost. Devide it to number of pots= 134.78 / 97= 1.39$. I don't know how to find the gap. I just stupidly picked 1.39$.

anelehhelena wrote:Hi, did anyone get perfect information question. How much did you get? I cannot remember the how the question went but I know I kept getting negative result so I put 0 in the end.

I got 5000$. Information with EV was 109000, and perfect info was 114000. You didn't have to use directly attributible fixed costs at this point beacuse it was mentioned that profitability table was prepared after fixed costs were deducted.

Erjona wrote:Yess..it is so sad that they put the same question as in September 2020 exam…that was so largely and extensively discussed since it was a disaster:(

Which question? Do they use the same question in different sessions??

legendary wrote:Material price planning variance = 1,775 Adv Material price operating variance= 710 Fav<br>Material usage planning variance = 0 (because I could not find any revised usage figure)<br>Material usage operating variance= 600 Adv

I also had that case in section c. Did you have materials mix variance question in MCQ?

aytashi wrote:

simk wrote:

aytashi wrote:This is for students who did not attend in March session.

I think the material in the question is the coal not the trip.

I think the material is the coal not the trips.

rahul6342 wrote:I think the material usage planning variance was the trips were increased from 150 to 170 per month by the board of directors and the manager was NOT part of the board so this was out of his control . So 20 trips * 2 tonnes per trip = 40 tonnes at $40 per tonne = 1600 Adverse is what I got

Then you must have usage operating variance to be 1000F because total material usage variance equals: 170 trips was suppose to used (170 x 2) = 340tonnes But they used 355tonnes Variance = (340-355) x 40 (standard price per tonne) = 600A I think the material here is coal not trip.

I think I got one question on that.