• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for September 2025 exams.
Get your discount code >>

F2 Revision Mock Exam

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › F2 Revision Mock Exam

  • This topic has 5 replies, 3 voices, and was last updated 5 years ago by John Moffat.
Viewing 6 posts - 1 through 6 (of 6 total)
  • Author
    Posts
  • June 18, 2018 at 12:20 pm #459236
    cansuece
    Participant
    • Topics: 3
    • Replies: 2
    • ☆

    Hello,

    Where can I find the explanatory answers of the questions in Section B, regarding Able Ltd. and Beech Ltd.

    Thank you

    June 18, 2018 at 4:13 pm #459255
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54696
    • ☆☆☆☆☆

    They do not appear. If you say which of the questions you are not clear about then I will give you an answer here.

    (I assume that you watched my free lectures on variance analysis before attempting the mock exam? 🙂 )

    June 18, 2018 at 4:16 pm #459257
    cansuece
    Participant
    • Topics: 3
    • Replies: 2
    • ☆

    Yes, of course I’ve seen all of the lectures.

    Able Ltd is considering a new project: a) NPV b) Rate of Return c) Payback Period

    Initial cost: 300K
    Expected life: 5 years
    Scrap value: 20K
    Addition revenue per yer: 120K
    Incremental cost 30K per year
    Cost of capital: 10%

    June 19, 2018 at 6:40 am #459345
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54696
    • ☆☆☆☆☆

    You can find the answers here:

    https://opentuition.com/topic/mock-exam-section-b/

    June 27, 2020 at 7:38 am #574775
    Abiramiiyer
    Member
    • Topics: 0
    • Replies: 1
    • ☆

    sir can you please help me solve the answer for section B standard costing question, ‘beech ltd…’

    June 27, 2020 at 9:36 am #574786
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54696
    • ☆☆☆☆☆

    (a) They actually bought 24,000m of wood and actually paid $108,000.
    The should have paid 24,000 x $5 = $120,000.
    Therefore there is a materials price variance of $12,000 favourable.

    They actually produced 15,000 desks and actually used 24,000m.
    The should have used 15,000 x 1.5 = 22,500m.
    Therefore the materials usage variance = 1,500m x $5 = $7,500 adverse

    (b) it is only the sales volume variance that will change – with absorption costing it is calculated using standard profit, with marginal costing it is calculated using standard contribution.

    (c) an adverse labour efficiency variance could be caused by implying lower-skilled workers (because they work more slowly) or by using lower grade material (because it takes longer to work on).

    Have you watched my free lectures on variances? The lectures are a complete free course for Paper MA and cover everything needed to be able to pass the exam well.

  • Author
    Posts
Viewing 6 posts - 1 through 6 (of 6 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • Bimasha@123 on Discounted Cash Flow Techniques – ACCA Advanced Performance Management (APM)
  • Ken Garrett on Discounted Cash Flow Techniques – ACCA Advanced Performance Management (APM)
  • Bimasha@123 on Discounted Cash Flow Techniques – ACCA Advanced Performance Management (APM)
  • John Moffat on AA Chapter 7 Questions
  • John Moffat on FA Chapter 12 Questions Sales Tax

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in