https://opentuition.com/acca/f2/f2-revision-mock-exam/
Mr John I would appreciate your guidance on following questions
really sorry for asking so many questions but I really want to understand ...
10.
average empl. = (2000+2200)/2=2100
2000-400=1600 + 600=2200 replacement=600
labour turnover = 600/2100=28.57%
But the correct answer is 19%?
12.
Act fix o/h abs cost 117600
Abs fix o/h abs Cost 126000 (117600+8400)
budg labour 72000
budg fix o/h 108000
FOAR = 108000/72000= $1.5
I am lost how do I get the act hrs worked? 117600/1.5?
18. D=6000
R=5000
CH=$2
Setup Cost $600 = Co? or Component Cost $20
is this correct?
EBQ= root(2*Co*D)/(Ch(1-D/R))
(2*600*6000)/(2*(1-6000/5000))
25.
Act fix o/h 30000*3*8=720000
abs 700000
diff 20000 under absorbed
why overabsorbed?
31.
labour eff var
act hrs worked 85000
stnd hrs at act prod 28,000*3hrs=84000
diff 1,000 hrs more *(180000/30000=) $6= 6000 Fav
why 2000 F
32.is opening inv of 4000 not abs the FOAR
4000+30000-25000=9000*8*3?
only what we produce?
BQ2
a. Mat price var
act purch act price 108000
act purch*stnd price
24000*$5= 120000
diff 12000 Fav (we paid less than stnd price) or did you oversee something?
Q3
c. asset turnover = Revenue/Total long term liab = 500/200=2.5 to the nearest whole number would be 3 but why 5 is the correct answer?
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F2 Revision Mock exam
Mr John, now i got the answer for
32. abs profit
add op inv
less clos inv
marginal profit
25. as well :)
Act 700000
abs 30000 (prod.)*8*3= 720000
diff 20000 over abs which means over charges - adj will increase profit
right?
But for other question mentioned above - still puzzled
12y ago#2Q10
If 400 left then only 400 can have been replaced (the rest are new employees)
So 400/2100
Q12
The amount absorbed = actual hours worked x absorption rate
Q18
R is rate of production per year. It is 5000 per month, so 12 x 5000 = 60000 per year.
25
Correct
Great thank you all 4 answers clear
please help me also to understand
Q31
lab eff var
Act hrs worked 85000
Stnd hrs for act prod
28000u *3= 84000
Variance 1000*2(180000/30000*3)= 2000 Adv (because we act hrs worked is more means not efficient) but why is it Fav?
BQ2
a. Mat price var
act purch act price 108000
act purch*stnd price
24000*$5= 120000
diff 12000 Fav (we paid less than stnd price) or did I oversee something?
Q3
c. asset turnover = Revenue/Total long term liab = 500/200=2.5 to the nearest whole number would be 3 but why 5 is the correct answer?
For Q31: actual worked hours - standard hs for actu prod =2000, means 2000hs was saved, better for profit, so it's Fav
For BQ2: 12000Fav is right, Mr John said he will correct the given answer 12000 Adv
For Q3, I am also confused , hope Mr John could help us! :)
12y ago#5I am sorry - it is another error :-(
The correct answer is indeed 2.5
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