PM*** ACCA Paper PM June 2019 Exam was.. Instant Poll and comments ***

It was ok but I had time management problem. I don’t want to have assumptions about the results but I will wait the results :)

Anyone has the question about Brake Co outsource discs and collipers? What is your answer for that question?

Hi huyen is this question was about make or buy decision ? can you please tell me what were the question tested in sec C

that's the problem doing your paper cbe based. the paper was fine but we went short of time because it takes time to type n perform calculations on excel plus the typing sounds all over the room disturbs your concentration

For me section C had Transfer pricing and Standard costing. I sort of don't like transfer pricing so didn't do well in that but standard costing was fair.it asked to calculate material mix and yield variances and had some theoretical questions on it

yes I got that one too, I said not to outsource, nit sure if it was right

was it about make or buy decision type ? can you please tell me the name of the question

Well it was ok and balanced paper this time. Not like the hard one last time. I performed better this time and hopefully i will make it this time. But as usual time management was a issue.

@maria16 said: It was ok but I had time management problem. I don’t want to have assumptions about the results but I will wait the results :)

Time management was indeed a problem. But i guess its a normal thing in most ACCA exams.

I had balance scorecard (no calculations) and mix and yield variances as well as performance assessment based on variances

thank you for your all free offer

I can only say I tried. But very disappointed in myself.

I had 1 question about Incremental Budgeting and ZBB and the other about the Balance scorecard. There was very little calculation which I hoped there would be more of but hope I did enough.

So at the question about transfer price, 2 of the costs they said were variable and semi-variable. Did anyone use High Low method? I can't remember exactly what amounts I got but I said 10,000 units at £24 - minus any costs savings in distribution and admin stuff (it ended up like £22.18 or something) and 30,000 units at Marginal Cost because they had spare capacity. And the buying division I said they wouldn't pay more than they would pay externally.

I had a very fair paper all in all. Section C was a lot of writing tho with ZBB & scorecard. Did anyone get the question with the current ratio in section A. It was 1.6:1 and then they said 30% was inventory and half was sold at 100% markup what was the new ratio? And it mentioned something else i cant remember. I put 1.84 but wasnt sure if that was right? Anyone else know what they put?

Yes I used the high-low method too, think it gave me the variable costs of $6 something which then had a 150% markup, so i adjusted it for that. And I done the same as you, the selling and distribution costs were $1.67 and 80% of that minus the $24. i also said that the 10,000 units should be external as it is cheaper than internal. However, the remaining 30,000 units should be produced at between $21 the external price and the variable cost plus mark-up. However, I also went onto say that their current pricing strategies should be modified as a 150% mark-up is unrealistic.

Thats a really good explanation you've given Antonia. Thanks the reply :)

@antonialittlejohn said: Yes I used the high-low method too, think it gave me the variable costs of $6 something which then had a 150% markup, so i adjusted it for that. And I done the same as you, the selling and distribution costs were $1.67 and 80% of that minus the $24. i also said that the 10,000 units should be external as it is cheaper than internal. However, the remaining 30,000 units should be produced at between $21 the external price and the variable cost plus mark-up. However, I also went onto say that their current pricing strategies should be modified as a 150% mark-up is unrealistic.

Because it sounds like we had the same exam...did you have the question about the concert in Part B? If you did do you remember if the margin of satefety was 85% or 86% I can't remember exactly :))

@criss07 said: Because it sounds like we had the same exam...did you have the question about the concert in Part B? If you did do you remember if the margin of satefety was 85% or 86% I can't remember exactly :))

Nope I don't think I did sorry! I don't remember the companies for section B, but I had variance questions with the Mix and Yield, EV and maximin and maximax and also an ABC/absorption costing question.

@criss07 said: Because it sounds like we had the same exam...did you have the question about the concert in Part B? If you did do you remember if the margin of satefety was 85% or 86% I can't remember exactly :))

I had that question but I didn't understand what it meant by margin of safety. I am not confident that I did well on that question.

I had these section c questions as well-TP and mix and yield. Were your section b questions incremental budgeting, target costing and cvp?

Hi I think I had the same question It was easy to say that 30k from SD and remaining 10k from outside supplier for $21 But my transfer price was (vc) which wa 9.70 =24-9.70=14.30 if the group wants to maximise the profit as whole

Hi what was your calculation about I did on the basis of actual cost 2018 than divide to no of customer in each section And obviously zBb theory etc

@tjrampersad said: I had these section c questions as well-TP and mix and yield. Were your section b questions incremental budgeting, target costing and cvp?

Yes had the same questions in part B :D

My time management was way off :( Section A was OK I guess, I struggled with the payoff table asking you to provide two values that would fit the grid. Section B was fine up until the concert question came up... I got a margin of safety of 85%. Things went a little worse when it was asking to give the profit figures after break even is considered whilst excluding the private booths... I knew the formulae perfectly yet I couldn’t get back to the numbers provided. I had to end up rushing because I spent just over an hour on section A. Section C was crazy, a question on Balanced Scorecard, I knew it had something to do with Kaplan and Norton’s model, sadly I couldn’t remember it with the time pressure. The 16 mark question on Non financial performance measures came as a shock. I put in 2 bullet points with the measures which I thought might be relevant and that was it! The last questions on section C related to expenditure budget (I managed to submit something whilst excluding the depreciation charges as I recalled from an old paper not to include it in expenditures... but I maybe wrong), incremental budgeting and zero based. I managed to write a paragraph under each of the discussion parts but it may not be enough to get a good mark. I was hoping for more calculations but alas the worst came to pass...I put in one disadvantage for incremental budgeting, in that it builds upon past inefficiencies and then I moved onto suggesting using a zero based approach for arriving at better costs, this might have not been in the scope of the question. The last part on zero based budgeting, I could just about describe it but I’m not sure if was enough. Well I’ve learnt a lot from the experience. It would have been easier if they gave me a question on ABC costing or Lifecyle or the topics that I focused my revision on! Even a EMA question would have been a blessing... They should give us noise cancelling headphones, I hated the keyboard bashing noises... kept getting distracted. Oh well, you live and learn, sure I’ll pass it on my next attempt!

Sound better than March attempt. In section c was mix and yield variance variable variance interpretation.Second was Kaplan balanced score card theory base which I could not attempt. So non financial measurement most porbaly will be tested in any part of paper then Fitzgerald and kaplan scorecard must be well prepared.

@tudd94 said: My time management was way off :( Section A was OK I guess, I struggled with the payoff table asking you to provide two values that would fit the grid. Section B was fine up until the concert question came up... I got a margin of safety of 85%. Things went a little worse when it was asking to give the profit figures after break even is considered whilst excluding the private booths... I knew the formulae perfectly yet I couldn’t get back to the numbers provided. I had to end up rushing because I spent just over an hour on section A. Section C was crazy, a question on Balanced Scorecard, I knew it had something to do with Kaplan and Norton’s model, sadly I couldn’t remember it with the time pressure. The 16 mark question on Non financial performance measures came as a shock. I put in 2 bullet points with the measures which I thought might be relevant and that was it! The last questions on section C related to expenditure budget (I managed to submit something whilst excluding the depreciation charges as I recalled from an old paper not to include it in expenditures... but I maybe wrong), incremental budgeting and zero based. I managed to write a paragraph under each of the discussion parts but it may not be enough to get a good mark. I was hoping for more calculations but alas the worst came to pass...I put in one disadvantage for incremental budgeting, in that it builds upon past inefficiencies and then I moved onto suggesting using a zero based approach for arriving at better costs, this might have not been in the scope of the question. The last part on zero based budgeting, I could just about describe it but I’m not sure if was enough. Well I’ve learnt a lot from the experience. It would have been easier if they gave me a question on ABC costing or Lifecyle or the topics that I focused my revision on! Even a EMA question would have been a blessing... They should give us noise cancelling headphones, I hated the keyboard bashing noises... kept getting distracted. Oh well, you live and learn, sure I’ll pass it on my next attempt!

If it's any sympathy, I had the same section C questions as you and struggled with them. I also would have preferred more calculations. I wrote very similar answers for the disadvantage of incremental and for the benefits of ZBB. I guess i'll find out in 6 weeks how well I did.

I had the same questions, totally lost it with the questions on the concert hall tickets. And it threw me in section c that it was mainly writing. Time went so quickly, I thought I was going to finish early and the all went terribly wrong. I got into a bit of a panic and literally started to shake. I am truly ridiculous. Very very disappointed in myself.

I also had the balance scorecard and the incremental vs ZBB budgeting. But I struggled with that question too, tbh I don't think I did well on section A and B.

One Otq was based on absorption costing + ABC costing + Environmental Costing. second Otq was based on variances and last OTq was based on Risk and Uncertainty.Whereas first CRQ was on the topic of tranfer Pricing and Second was based on incremental budgeting + Zero Based Budgeting. Overall the paper was fine but it was my first CBE attempt and the typing noise was a concentration distraction. I guess high low method was required in the transfer pricing calculations for both Divisons as the selling and admin costs icnluded both fixed and variable.Let's wait for the results and hope for best Insha Allah.