PM*** F5 December 2012 Exam *** Instant Poll and comments***

Wish best ov luck to all

i HOPE GUYS DO WELL!!

it over

LETS HOPE RESULTS ARE OK,

i attempted 5 question but i forgot to mark on question on the first page of the booklet, is it okay?

@jonie90 yes its oky ...dntworry abt this

@ahmedsalim563 : thank you so much... what a relieve! i have been worry about it all night...

@jonie90 ...now its over dear ...no worries ..just prepare your nxt pap:)

rear question setting,bt fair

when the answers will be published? where i can find them?

The answers will not be published for several months!

until we get our results, we won't be able to see them published, right?

Correct.

thank you :) we have nothing to do but wait :)

Attempted 4 and a half question :(. Paper is balanced not easy

Don't know why we took a calculator today !!

Bit hard I thought, a lot to get it in the time allowed.

Well, hated questions 1 and 2, so went to the others.

attempted question 5 first - traditional absoption costing and then ABC - thought this was ok, however one of my figures was pretty high compared to what i fear it should have been

question 4 was next - assess the performance of the company with financial and non-financial measures - pretty easy this one tbf, all should get decent marks

question 3 - fixed budgets v incremental budgets - gave it a go, hopefully did ok

spent WAY too much time on these 3 as i was trying to get as many points as possible.
attempted questions 1 and 2 next but did very little with them tbh.

based on the fact i can realistically only get 60% maximum i think i have failed :(

@jeffries78 said:
Don't know why we took a calculator today !!

Bit hard I thought, a lot to get it in the time allowed.

haha, my wrist was destroyed by the end of it - a LOT of writing required for this one.

nice paper

are u going to tell us the answers here? :) It was okay, Rolling budgeting the most difficult I think..

Well. I managed 4.5questions. Time management went out of window. Annoyed.com

Was okay, I only managed to fully attempt 4 questions, fell short of attempting CVP question.

Any hope of me passing if the rest of the paper went great for me?

Found question 1 okay appart from the graph, heart hit the floor when I saw the graph paper.

Question 2 I messed up badly as got confused by what seemed to be a massive labour rate variance.

Question 3 The business performance analysis was okay - didn't understand what they meant by state what more information would be needed??

Question 4 Rolling budgets was okay, think I may have not gone into enough detail though - not really much precident in the past exam practice I did for a 20 mark question though?

Question 5 Absoption v ABC, standard question, was okay.

so in question 5, whats the cost driver for maintanance costs?

does any one notice that bonus scheme was not included in the syllabus and it has been given/included in this time dont know why these peoples are doing this kind of thing? gvg such kind of question which is not included and its not new i saw on 2012 june exams they included such kind of things on question which is not in da syllabus.... this is ridiculous

i think the driver was machine hours? the exam wasnt hard but questions 1-4 didnt have many practice questions. I was shocked that ratios, material variances, linear programming and limiting factor analysis never came up. i felt like most things didnt come up and everything that did wasnt taught. CVP

Answered Q2 first because i had thoroughly prepared for it. Got confused with the massive Labor Rate variance. But i hope to get by with at least 15 marks on this.

Q5 was next. A.B.C and traditional absorption costing was quite okay. Couldn't do the analysis because of time constraint.

Q3. Balance performance was not answered too well. Hope i get some marks there

Q 4 Was quite difficult. Too much writing and no calculations. I did by bits though.

Q1 was a disaster! I attempted it last but i did not see my way through. This was unexpected.

Overall, i think i can manage with a marginal pass or a close fail.

casper i took a similar approach to you. i got a big labour rate variance too!!!...

Have anyone found Breakeven revenues 1,777,777, or something like this?
have u calculate the contributon ratio :
1, 1.1 and 1.3 for each product?

Question 1, 2, 3, 5 were nice standard questions.
The point per question guide seemed extremely low for the mathematical side of the paper, especially compared to past papers (approx 43% plus what was available for workings for question 3).
There seemed to be a huge shift towards opinion style questions.

As for question 4, I wouldn't be surprised if that was the lowest scoring question since this exam format started.

20 marks for budgets may have been a rounded question, specifically for rolling budgets and bonuses was tough, but only to focus on the problems/risks involved made it horrible. Even four marks for pointing out some benefits/advantages would have been nice.
It seemed like there were a few marks on this question for understanding exactly what they were telling you though... (well established mature business (should have been a mark or two for pointing out that a well set fixed budget would suffice) and some marks for anything mentioning the fact the accountant was only recently qualified and had a heavy work load?)

Time was a massive problem for me.
I'm normally very organised, and despite finishing question 1 quickly, I really struggled to stay ahead of schedule.

My poor arm!