- This topic has 86 replies, 36 voices, and was last updated 3 years ago by
.
- Posts
I think if they were asking about market size they were expecting to see sales volume planning variance which compare revised budget with the original and for market share its sales volume operational variance comparing actual results with revised standard or budget.
Thanks. Do you think I would have got any marks for saying about the planning and operational aspects or no because I didn’t mention sales.
rahul6342 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 1000This is exactly what I did. I think it’s right
Are you sure about the last part? Cause I swear I did not see it ?????
Chose 1.39:1
xHolmesyx wrote:Thanks. Do you think I would have got any marks for saying about the planning and operational aspects or no because I didn’t mention sales.
Well I’m not sure what you exactly calculated in your variance but you did say that market size was planning and market share was operational and then you mentioned that market size may be out of control to manager, so to my understanding if you calculated variance wrong you may not get any mark for calculation but if your assumptions and performance valuation based on YOUR OWN figures made sense you should score some points in the discussion part because your own number rule apply as for what I read in technical articles
GraceOla wrote:Are you sure about the last part? Cause I swear I did not see it ???</blockquot</blockquo
Yes positive 100% it said that all sales proceeds will be used to reduce liabilities
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)legendary wrote:Section C: Balanced scorecard and Variance Analysis(Material price & usage)
I received the same set..
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 AdvI just concluded the assessment stating that the 710F outweighs the 600A
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 AdvI 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 1000I 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.
- You must be logged in to reply to this topic.