ACCA Paper PM exam was – March 2021 Exam – Instant Poll and comments

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

What was your operating usage variance?
Because total usage variance should be 600A:
(340-355) x $40 = -15 x $40 = $600A

aytashi wrote:

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

Yeah.
I got one that was confusing.

aytashi wrote:

simk wrote:

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

Sorry but how did you calculate 136/52 to be 34/13?? The ratio is 2.62:1 which would make sense as Liability reduced by 48% and assets reduced by 15% so the ratio would go up accordingly.

Did anyone get FitzGerald and moon in section C ?

qwert443 wrote:Hi,
In the question concerning coal I have calculated the below variances as someone stated above:

I Have got the same answers…!

qwert443 wrote:Hi,
In the question concerning coal I have calculated the below variances as someone stated above:

Exactly , that’s how I double checked .. and in discussion gave the credit to manager for saving $110F total of both operational variance

aytashi wrote:I have another MCQ question, which I couldn’t calculate. If someone did answer this question please share how you calculated it. I got confused because I didn’t know how to get budgeted number of units. Here is the question:

I got this question. It was so confusing and I took a lot of time trying to find the answer. Finally I chose 240 (A) which is the material usage variance I guess. Because I remember I came across this type of question when I was doing past papers and the answer was the material usage variance.

Does anyone remember the answer of Section B risk question related to Maximax and maximin.

I remember selecting a hotspot type – Project 1 for 1st option and Project 2 for option 2.

I hope option 1 was Maximax.

yeah 1.39 is the target cost for actual sales. But the question was to calculate the gap. That is concerning me, because I understand that the option I selected was not what was asked

rashard wrote:

namah1 wrote:

aytashi wrote: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?

no Company 1 used 20% profit margin, and the second one used mark-up

rashard wrote:Anybody got a question on calculating ROI and RI for two divisions?

OMG that was so easy and tricky at the same time. One division had higher ROI than target, and another one had RI higher than it’s target. I think the main point was to distinguish the 2 in terms of assessing the performance of the manager or division. I remember I selected division west

Yes, I did. I did not expect 20 mark theory question. I tried to reply to Saadidu but it wouldn’t let me

Section C, I got the question on coal price and usage variance and assessing the engineering manager’s performance based on the calculated variance. Also got the balanced scorecard – had to pick 2 goals per perspective, 2 performance measure per goal, and justify the reason for picking each goal.

Section B, I got targeting cost, flexible/flexed budgeting and the payoff table question

@GraceOla
Yes, exactly. Therefore they have asked us in this question for the planning variance, which occurs due to change in the number of journeys. The operating variance is the comparison between the actual usage vs revised. However the total variance should be calculated between the acutal and original budget.

Looks like input/output accounting under EMA section of syllabus