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

@valiaty said:
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?

I got that same Breakeven revenue, however, rounded to 1,777,778 but don't think they are bothered about rounding.

Did anyone get a labour rate variance of like >£60k? with a favourable operational and adverse planning?

what did people get for their C/S ratios? and the Web co question, there were no calcs.. just working out percentage increase in sales etc. I dont understand what that was testing.

@valiaty

i got different from that .....contribution/sales was 0.45 ,0.35 n 0.23,
is it write or wrong. can anyone tell me?

Total labour variance "Adverse"

Operational total adverse
and Planning total favourable

I do not remember exactly the numbers
Standard Price= 6*1.5= 9
Revided S.P. 9 - 5% (because of the pay cut) = 8.55
the Revised Standard hours increased by 20%

the production production manager performed well as the operational efficienc variance was favourable . (Operational rate variance was adverse , but total operational variance favourable)
Anone that agree?

@donsantosh said:
@valiaty

i got different from that .....contribution/sales was 0.45 ,0.35 n 0.23,
is it write or wrong. can anyone tell me?

have u found the same brakeven revenue?
how the rank the products.
I rank them from the last to the first..

the last one appears first in the graph , the second one second and the first one last ..

My c/s ratios were not 1.1 1..... :(:(

oops I may have screwed up....my breakeven revenue was 1,684,211!
C/S ratio was 38% for mix (10:11:13) for selling prices of 100,120,160 and since all costs were variable contribution was SP-C. I might have messed up somewhere with the C/S ratio.....damn....
...back in June....

Q1 - I also got around £1.7 m for the break even Revenue

Q2 - I thought this was okay but I couldn't seem to work out the standard hours worked x the standard rate.

I got a really big variance too and this put me off as I thought it must have been wrong! I was then struggling to comment as I thought that my variances were wrong!

Q3 - I thought this was okay but I don't think I wrote enough for the 20 marks (only 2 pages)

Q4 - I didn't really know what a rolling budget was (although I should have revised this) I found it quite hard to comment on appropriate incentive schemes as I didn't even know that this was in the syllabus? I suggested that bonus scheme should be as a whole rather than individual managers assessed.

Q5 - I just couldn't get my head around transfer pricing and even the simple ABC I struggled with so think I may have lost marks there. It confused me how they had to overheads relating to machines, I think it was machine production runs and machine maintenance costs. I wasn't sure how to work out the exact cost driver, was it mach hrs x prod runs x units?

This was a very discursive paper and overall I don't think that I've done enough to pass but fingers crossed.

I'm gutted learning curve didn't come up!

@ayeshahabib said:
My c/s ratios were not 1.1 1..... :(:(

maybe I am wrong then ;) do not worry for you. it is just what i have done..

Also with questions 1 I ranked them in the order that they were i.e highest cont was C then it was S and then D... did anyone else get this?

How did people rank c/s ratios ?

As for product C/S ratios I got 67.3% 35% and 23%.
...2 out of 3.....

weighted average was around 36% did anyone else get this?

Q1a. Did anyone reduce sales by 10%, I didn't personally but the question was ambiguous.

@donsantosh i got the same c/s ratios as you. and then i did cumulative revenue/profit in the order of these and plotted those figures on the graph. There was only 1 or 2 questions in the BPP P&R kit so didnt have much to go on!

all the questions were ambiguous!

@valiaty said:
Total labour variance "Adverse"

Operational total adverse
and Planning total favourable

I do not remember exactly the numbers
Standard Price= 6*1.5= 9
Revided S.P. 9 - 5% (because of the pay cut) = 8.55
the Revised Standard hours increased by 20%

the production production manager performed well as the operational efficienc variance was favourable . (Operational rate variance was adverse , but total operational variance favourable)
Anone that agree?

I thought the SP was 6 & each batch used 0.5 hours?

I don't know - just hope I manage the magic 50 that is all I'm hoping for as found it a tough exam!

I calcuated a different bit on Variances and started on the wrong side
but for the 20% slowdown and 5% cut I worked out (24,000/2*1.2) =14,400 revised hours. 6-5% for 0.5hrs was 5.7*2=11.4. Coincidently when one devides 136800 actual labour costs by 12000 actual hrs worked it comes to 11.4 which seems right since there was no idle time.....
I screwed up the order though and instead of going from planning to operational and then to actual at STD cost I did it the other way around...
...anyway ...as I said...back in June....

i just felt like the ground should open up and swallow me as soon as i saw question 1. CVP? Sweet lord. As for the remaining questions, i finished them. Just hope i did not make any silly mistakes. The labour rate variance was quite confusing. I had to cancel i think at least two times. God i hope i got it right. All that i hope and pray for now is that the examiner can see my hand writings. My work was quite rough especially question 1 and 2...

lets hope again .....finger cross.................
second time .............given but dont want to go in june again

I wish you all the best of luck.....
4 questions was all I managed to complete so I need at least 12.5 marks on average per question to pass which seems a bit too much to ask for....
...if I have to resit in June then I hope none of you joins me...
Cheers....

@chrispantazis said:
I wish you all the best of luck.....
4 questions was all I managed to complete so I need at least 12.5 marks on average per question to pass which seems a bit too much to ask for....
...if I have to resit in June then I hope none of you joins me...
Cheers....

good luck! u was in athens centre?

Mrs Examiner all i need is 5o marks..not 51, i dont want any prize. just give me 50 marks...Please..50 marks...

@valiaty

No Leeds. Do you mean Athens Greece??? ..I happen to be Greek....

haha yes, just realise that u are Greek due to ur name ! :P haha I am Greek

@valiaty said:
haha yes, just realise that u are Greek due to ur name ! :P haha I am Greek

ELA RE PATRIDA......simera vrika ki allon mesa....Leeds tora ...Agglia kai vgikame kontoxorianoi.....
Ti leei ti palevete sto Athens???

@chrispantazis said:
ELA RE PATRIDA......simera vrika ki allon mesa....Leeds tora ...Agglia kai vgikame kontoxorianoi.....
Ti leei ti palevete sto Athens???

haha , den menw athina, Larisa menw. Imun Londino kai katevika na dwsw gia to Acca.. anapodi egw.. :P esu ti kaneis ekei?

@valiaty said:
haha , den menw athina, Larisa menw. Imun Londino kai katevika na dwsw gia to Acca.. anapodi egw.. :P esu ti kaneis ekei?

A...edo eisai ki esy...!!! Ante na mazeuomaste giati den ta vlepo kala kato ...pame gia mpraff to xronou .... 90-10 to vlepo....
vrika douleia edo konta sto Leeds kai ksekinisa to ACCA.....
Esy me mperdepses....poses eisai?...mia sto londino mia sti Larissa..mia Athina...ti treli poreia einai auti??? poly endiaferon gia na gineis logistria...

haha eides.. akomi to psaxnw gia to pu tha kataliksw an k to kovw gia London. :P haha Good luck kai kala apotelesmata !!!!!

if in one batch labor paid is $6 and it takes 0.5 hours of labor then the labor rate should be 6/0.5=12, not 9?