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In chapter 28, you have laid out the various reasons for discrepancies between budget and actual figures; however, no calculations for the variances are provided, so does that mean in the exam that we won’t have to calculate variances?
Also where in the notes will I get information in for ABC costing (you have predicted this as part of question 1 in Dec 2014)?
And finally, there is about a month left to the exam? I started reading P3 today (1.Nov.2014) and I am sitting it along with P1 and P2, so do you think I have adequate time to clear the P3 exam? If I just read the course notes (one chapter daily) I think I’ll finish those before the exam so would reading your course notes be adequate to clearing this paper?
I am sitting all the above exams for the first time.
It is very unlikely that you would have to calculate variances; the examiner has said that interpretation of variances is what is needed.
For ABC, look at the article on the OT P3 site that’s called Essential F5 and F9 skills for P3.
You might manage P3 as there is not too much technical knowledge (compared to P2, say), but it is very important for you to try lots of questions.
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