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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
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:
At some point I just decided to calculate mix variance using the formula (materials usage – yield variances. ) but still couldn’t get somewhere, because both usage and mix variances use budgeted number of units. how did you calculate usage variance?
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
Kevin.shah wrote:Does anyone remember the answer of Section B risk question related to Maximax and maximin.
for maximax you simply select the highest number in the table. don’t need to calculate EV. And for maximin you compare the smallest profits (or contributions) of each project and select the highest one.
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
Yeah that’s what I got too. East didn’t satisfy both of the metrics, so no bonus for them. Only for West.
Yes, I did. I did not expect 20 mark theory question. I tried to reply to Saadidu but it wouldn’t let me
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I meant whether Maximax was asked first or maximin… As I remember selecting Project 1 for 1st question and project 2 for next question
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
But a change in the number of trips affects the total coal usage for the month.
The revised number of journeys from 150 to 170 ultimately means coal usage was revised from 300 to 340 tonnes
@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.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?
VEry good
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Looks like input/output accounting under EMA section of syllabus
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I think the ratio of c assets to c liabilities should be higher given the sale of 50% of inventory was at 100% mark up (assets have increased). I make it 1.84:1
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What was your answer? I made it 1.84:1. Current liabilities remain the same, but assets have increased – right?
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aytashi wrote:One more tricky question was to calculate environmental cost in input/output accounting. I’ve never seen calulation questions related to environmetal topics. Neither in revision kits nor workbook itself (I studied from BPP 2020 book and 2017-2018). So it was a bit confusing.
Looks like input/output accounting under EMA section of syllabus
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Prepared for linear programming but not sign of it. Anyone have?
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For the variances Section C 3rd subquestion – 170 trips were to be made at a global rate which is 45. Only this was to be done right
aytashi wrote:One more tricky question was to calculate environmental cost in input/output accounting. I’ve never seen calulation questions related to environmetal topics. Neither in revision kits nor workbook itself (I studied from BPP 2020 book and 2017-2018). So it was a bit confusing.
What answer did you pick for this one? @aytashi
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:
In this question you will use material usage to answer. Material usage = mix + yield. You can work out the usage and yield variance and substitute into the formula above.
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