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Good for section A, normal for section B and horrible for section C, anyone same?
Section c
Transfer pricing
Material price planning and operational variance,
Material usage planning and operational variance I done well
I have very short time for section b and a
Sec b target costing , bep graph explan flexed budget
There are many questions leftThe exam was okay. The section B was super tough for me, especially the “incomplete” contribution graph.
Also had the transfer pricing question and variances in section C.
Twas relatively tough. You have to know it to even attempt the question.
Hoping for the best.Section B I got lifecycle costing, learning curves and risk and uncertainty.
Section c I got performance review and mix and yield variances.
Section A was all mainly theory questions not much calculations to be doneCan you tell me what did you get the ans for learning rate for section B ?
82 percent off memory, this was the actual learning rate for the first 16 houses.
I can’t remember figures but take the total time for 16 and divide by 16 to get average time per house at 16 houses.
Say this is X, and time for first house is Y
Y * LR^4 = X then rearrange to find LR
Anyone else do this?
Firstly I want to thank Mr John Moffat for the lectures.
No complaints, almost every lecture was tested.That being said, Section A was decent.
Questions came from:
ABC costing,
Not-for-profit organization performance evaluation, ie, value for money
CVP
Learning curve
Throughput accountingSection B was a little more challenging:
Target Costing
Reading profit-volume chart
I can’t quite remember the 3rd one.Section C was a little easier than I thought:
Material price and usage planning and operational variances.
Very straightforward 12 marks then explaining the results on the performance of the manager.
Then there was transfer pricing, creating a profit or loss statement showing transfer pricing with internal and external sales, calculating the effects of profit when transfer price is changed to a certain amount, and explaining the advantages and disadvantages of setting a specific transfer price.Generally, I can say I was quite happy with the exam, there were very easy and straightforward marks to gain but I did struggle with time so unfortunately by the time I reached Section C I was only left with about 30min and this was a downfall for me. I did manage to finish section C but doing it rushed was a little bit of a deal breaker for me
Seems we got the same exact question.
A major challenge for me for the BEP graph. Felt so humiliated with that question. I fear i lost 10 marks to to the graph.
Section C, variance, any idea if one will be penalised for writing in short from. E.g where i was met to quote the formula for one of the variance (MUPV – material useage planning variance) i wrote RM4AP – SM4AP * AMU. This is my way of recalling the formula. And there was no time for a correction. Also for one of the variance computed i got a favourable variance, but because of the way i postitioned formulas i got “- 3876 Favourable ” just wondering if i would be penalised for all these
I shall forever salute Sir John, to be honest he is better than most paid tutors however section B abused me
Got a question relating to 90% learning rate demonstrate faster learning than 70%. Is this statement true or false?
How outcomes changes if the estimates for revenue were different than budgeted.Flora plc i guess
options were
Variance focus groups market research and sensitivity analysis ! Anyone who got this?False. I put both statements false. Second statement was about learning rate not effecting variable overheads, but question said they were affected by labour hours, so false.
For learning rate i got 82% aswell, i did it by working out trial and error and then got 82 and put it in the formula and it worked hahah!
i think we had the same exam, was yours 1:30 sitting? Capability Co and the bin people? and the flower company?
Is it different region had taking different question? Saw someone is transfer pricing but some is ROI&RI in section C
There was a question on when the learning curve is to be applied…options were people lack expertise, the process is repetitive and people are less motivated
an roi and ri question based on few calculation and based on what the director would take the decision for the new investment
Learning rate is correct 82%. Also labour efficiency was 22806 Adverse
I am just curious about the BEP graph what was the selling price.. I put it as $10.Also in CVP assumption…
I didn’t tick that Demand curve assumption.. hoping it as false …just put 2&3.I got performance evalutaion in sec-c, was abt building block model, and the second was relvant cost abt preparing the lowest cost estimate to charge for supplier, sec-c was ok for me… But i somewat sturggled with sec-b
Lets hope for the best
Nd all d best for everyoneI found section A a bit tough.
Section B was okay. I remember having questions about target costing and risk & uncertainty.
I found section C the easiest. I got questions about building block model and relevant costingI don’t exactly remember the MR but mine was not correct because I wasn’t able to infer what was 33.33 and 50 depicts…..
Thankfully other questions were not related to graph.
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