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@hamsterham said:
Everyone I spoke to after the exam did it the way I did.Added up all the costs and divided by 300,000 units.
Then did the learning curve and worked out 100 and more units took 0.33 hours and worked out the labour cost that way.
Did it the same way and got the same result! 🙂
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Does anybody knows the date, when acca will publish the answers of exams?
@nebojsha0603 said:
Did it the same way and got the same result! 🙂i did the same 🙂
Q1 – Relevant costing (14 marks for listing out the relevant/irrelevant cost)
I did ok i think and write as much as i can..Q2 – Transfer Pricing
I suggest to buy from extarnal supplier would be better even Division B make loss but over all there was profit for the companyQ3 – Discussion on Budgetary system (100% written)
it was easy question but very very lenghty and i had write almost same thing in Part a and part b like communication, motivation, plan etcQ4 – Lifecycle costing & Learning factor
i calculate all costs and divide them to 30,000 in next part the figure was around 0.3334 and did same thing like did in part (a) after adjusting variable cost
hmmm.. dont know what to write in last par :-s but i attmpet that question too 🙂Q5 – Variance analysis & ABC (2 marks for ABC only)
this was easy questionn but my theory was week :-sOverall i did good. I hope to pass 🙂
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Does anyone know whether in Q 4 Learning curve of 95% is applied year 3 as well or just in year 2. If only year 2 then why $24 per labour in year 2 and $26 per labour hour in Year 3. I applied for both..
it seems silly but I thought it’s been applied for 2 years.@jaffarkhan1 said:
Where can the papers uploaded be seen on the ACCA website? link??The link is:https://www2.accaglobal.com/students/acca/exams/f5/past_papers
But sadly for some reason they haven’t uploaded he F5 paper, even though they have uploaded others.
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Don’t know if I’m remembering right but I think Q4 I got roughly $83 lifecycle cost per unit and this decreased to $75 per unit after adjusting for learning curve. Ring any bells with anyone
@sanjarbek said:
Does anyone know whether in Q 4 Learning curve of 95% is applied year 3 as well or just in year 2. If only year 2 then why $24 per labour in year 2 and $26 per labour hour in Year 3. I applied for both..
it seems silly but I thought it’s been applied for 2 years.I did the same thing as you sanjarbek. I deliberated over this question for a minute or so, wondering why on earth the learning effect would restart for the first 100 units of year three. Although I can’t remember the actual words of the question, I clearly remember it stating that there is a learning curve that effects the first 100 units of years 2 and 3.
@sanjarbek said:
Does anyone know whether in Q 4 Learning curve of 95% is applied year 3 as well or just in year 2. If only year 2 then why $24 per labour in year 2 and $26 per labour hour in Year 3. I applied for both..
it seems silly but I thought it’s been applied for 2 years.The learning curve only applied for the first 100 units. I assumed the company had given their staff a pay rise at the beginning of year 2 so that’s why it was budgeted to cost more. I multiplied my cost per unit for 100th and so on units by 26/24 to get the cost per unit for year 2.
@ryzvonusef said:
The link is:https://www2.accaglobal.com/students/acca/exams/f5/past_papersBut sadly for some reason they haven’t uploaded he F5 paper, even though they have uploaded others.
Hmm, maybe they had complaints about the paper???
@polldoll said:
Hmm, maybe they had complaints about the paper???Even so they would upload it anyway, no?
I actually wouldn’t wonder if they had complains. Q3 was ridiculous as for such a tiny syllabus area examiner gave us 20 marks question. BPP didn’t even cover it in it’s Course Notes. Unbelievable. I expressed my opinion about all this to ACCA already and I think all who aren’t happy should do the same. If a lot of people complain maybe ACCA will do something about it.
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Even if they uploaded the paper there is no answer attach to it… So no point…
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@ryzvonusef
thanks@laurra said:
Even so they would upload it anyway, no?I actually wouldn’t wonder if they had complains. Q3 was ridiculous as for such a tiny syllabus area examiner gave us 20 marks question. BPP didn’t even cover it in it’s Course Notes. Unbelievable. I expressed my opinion about all this to ACCA already and I think all who aren’t happy should do the same. If a lot of people complain maybe ACCA will do something about it.
I’m wondering whether to contact them about the ambiguity of question four, but I’d need to wait until the question paper is available to be sure that I remembered it correctly. If the question had been phrased “the learning curve applied to the first 100 units of year 2” or “the learning curve applied the first 100 aggregate units or years 2 and 3 (or years 2 and 3 combined)”, then there would be no doubt what was intended.
@polldoll said:
The learning curve only applied for the first 100 units. I assumed the company had given their staff a pay rise at the beginning of year 2 so that’s why it was budgeted to cost more. I multiplied my cost per unit for 100th and so on units by 26/24 to get the cost per unit for year 2.I agree with you, the learning curve only applied for the first 100 units of year 2
My answer is 82.3 and 78@neilsolaris said:
I’m wondering whether to contact them about the ambiguity of question four, but I’d need to wait until the question paper is available to be sure that I remembered it correctly. If the question had been phrased “the learning curve applied to the first 100 units of year 2” or “the learning curve applied the first 100 aggregate units or years 2 and 3 (or years 2 and 3 combined)”, then there would be no doubt what was intended.Well, I would think it was “the learning curve applied to the first 100 units of year 2” because learning curve occurs only once. You wouldn’t learn to do something twice. So all in all after 100th unit was produced the steady state was reached and then rest of units, i.e. all 299,900 of them were being produced at steady pace.
I remember calculating ‘cumulative average for 100 units x 100’ and ‘cumulative average for 101 units x 101’. Subtract one from another and get the time for steady state which I then applied for the remainder of units, i.e. 299,900 units.
@laurra said:
Well, I would think it was “the learning curve applied to the first 100 units of year 2” because learning curve occurs only once. You wouldn’t learn to do something twice. So all in all after 100th unit was produced the steady state was reached and then rest of units, i.e. all 299,900 of them were being produced at steady pace.I remember calculating ‘cumulative average for 100 units x 100’ and ‘cumulative average for 101 units x 101’. Subtract one from another and get the time for steady state which I then applied for the remainder of units, i.e. 299,900 units.
I think the right method should be
calculating ‘cumulative average for 100 units x 100? and ‘cumulative average for 99 units x 99?. Subtract one from another and get the time for steady state which I then applied for the remainder of units, i.e. 299,900 units.I think you’re right Laura, a learning curve should occur just once, which is why I hesitated. In the end I thought I’d better answer it literally, just in case there was a change of staff at the beginning of year 3, or the unit was adapted. Hopefully I won’t lose too many marks though!
I realize now I may have made another mistake! Did it imply that the steady rate starts on the 101st unit, not the 100th unit? I assumed the latter, but I think you’re right.
@chimen said:
I think the right method should be
calculating ‘cumulative average for 100 units x 100? and ‘cumulative average for 99 units x 99?. Subtract one from another and get the time for steady state which I then applied for the remainder of units, i.e. 299,900 units.
Well, I think it said “learning curve applied for the first 100 units” which, in my opinion, means that steady state starts from 101st unit therefore we had to find time taken on 101st unit to know the time for steady state per unit. Well I don’t know, maybe I misread the question:/ We’ll see when answers are published.
The question said that learning curve effect apply for the first 100 units, which means manufacture time for 101st unit must equal to 100th unit (no more leaning curve effect for 101st). Hence, the steady rate starts on the 100th unit.
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oh no I think I may have applied the learning curve to year 2 and 3.
I used the same method as Chimen that the cumulative average should be calcualted for ‘100 units x 100′ subtract ’99 units x 99’ for the 100th unit.@chimen said:
The question said that learning curve effect apply for the first 100 units, which means manufacture time for 101st unit must equal to 100th unit (no more leaning curve effect for 101st). Hence, the steady rate starts on the 100th unit.Yes, that makes sense.
Hope I won’t loose lots of marks on that as it was purely misunderstanding of English 🙁- Topics: 1
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Here the exam of dec 2011
https://www2.accaglobal.com/pubs/students/acca/exams/f5/past_papers/f5_2011_dec_q.pdf
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