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Dear Mr. Moffat,
The questions are posted on ACCA website.
Will you be able to provide us with the answers?
lol! Between the two of us (Gvt and I) we can probably get this thread up to 600 posts within an hour of your answers being presented!!
Haha Chris, I think we had evetything almost the same on mcqs, regarding open ones, i think we have already identified that minor deviations as well ;))
Which answers? Answers to the ACCA specimen paper, answers to the OpenTuition mock exam, or answers to the real December exam?
(if you mean answers to the real December exam then read the earlier posts in this thread)Hi John
Thanks so much for posting your provisional answers up. general consensus on the forum are that 9 and 20 are raising eyebrows.
Us minions believe the answer to number 9 to be A. Main reason is that option 2 states tradiational…tends to under estimate overheads to high volume products. I would suggest it tends to allocate to higher proportion to higher volume and to lower to low volume and therefore correct answer is A.
Number 20 – we don’t seem to agree with statement D – that penetration pricing is suited to short life cycle and therefore most have answered A – that (ii) and (iii) are correct.
Kind Regards
Chris
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I cant find ans in this thread?? Can sum body help.???
@sudir said:
I cant find ans in this thread?? Can sum body help.???F5 Answers are on the ACCA page: https://opentuition.com/acca/
Chris: 9 and 20 should both be A – a corrected version will be posted up soon. Sorry about that (I must have been sleeping while I typed 🙂 )
I noticed your comment asking why the ACCA could not post up their answers. To be fair, the reason is that often the Section B answers can be calculated in more than one way. (In this exam for example, the workings for mix and yield variances can be done in more than one way).
What happens during the marking process is that if markers report people doing it in a different way than the model answer then the examiner decides whether the approach is valid and deserves marks (and will often add bits to the official answers to make this clear).
Also, however many times the original answers are checked, there is always the possibility of mistakes, or ambiguous wording in the question that nobody had spotted. Again, it is during the marking that these sorts of things will be discovered and the marking scheme adjusted where necessary.
Thanks John for taking the time to put up the answers for us & thank you for your very helpful lectures.
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Where are the provisional answers of F5 Proff. John ? Chris commented that he saw them but I can’t find where ?
Answers are on the ACCA page: https://opentuition.com/acca/
Dear Mr Moffat,
First of all, thank You very much for the answers! 🙂
Secondly, I’d like to clarify one point. In open question 3 regarding relevant costing, it is said that the order given yo us should be completed in two weeks. It requires 50 m of wood. Currently, the company has 500 m of wood, 480 are used for other existing projects, 20 are left for free until 4 weeks. Why did we include the replenishment cost of these 20 m as relevant? The order is for two weeks, you dont have use for 20 m until 4 weeks pass, so i thought about it as the spare capacity, only included the purchase cost of additional 30 m. Isnt time range the most important factor here? Please, have a look.
Thanks!
Dear Mr Moffat,
First of all, thank You very much for the answers!
Secondly, I’d like to clarify one point. In open question 3 regarding relevant costing, it is said that the order given yo us should be completed in two weeks. It requires 50 m of wood. Currently, the company has 500 m of wood, 480 are used for other existing projects, 20 are left for free until 4 weeks. Why did we include the replenishment cost of these 20 m as relevant? The order is for two weeks, you dont have use for 20 m until 4 weeks pass, so i thought about it as the spare capacity, only included the purchase cost of additional 30 m. Isnt time range the most important factor here? Please, have a look.
Thanks!
And even if my logic is wrong, approximately how many marks will I lose on this question if did not calculate the replenishment cost, and included 10% apportionment to final answer, while my all other calculations on this question are right and I made some comments as well?
With regard to the relevant costing, since the material is in regular use it will need replacing – it makes no difference as to when it will be needed. If we use some for this contract then more will have to be purchases for normal work at some stage.
I have no idea about the marking scheme – it has not been published yet. However each part is marked separately (the final total counts for virtually nothing) so you are not going to lose more that a couple of marks.
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Thank you!
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Dear Mr Moffat,
I am referring to the answer to question 1 of F5 exam.
The ROI of the investment of Div1 is 13.3%, the current ROI of division is 15%.
Is it correct to choose to invest in the project?Thanks and best regards,
bertos
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