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

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

Na sai kala..episis xairetismata sto Thanssi otan pas Larissa (ss Agia)...an peseis kata kei...
Filia

@chrispantazis said:
Na sai kala..episis xairetismata sto Thanssi otan pas Larissa (ss Agia)...an peseis kata kei...
Filia

pios einai autos? :P tha tu ta dwsw..haha apo agia eisai :P

english please so that we can all understand

Aaaarrr I'm furious with myself. On question 1 I think I didnt do nothing to get points... may be just the last three... I have misread the questions and was a bit disconcentrated. I always hoped for this type of question and now I lost my battle.
Im happy will all the rest. Hope will pass .
Good luck everyone.
P.S: is my impression or there was more writing than calculations?

@valiaty said:
pios einai autos? :P tha tu ta dwsw..haha apo agia eisai :P

Oxi ...Serres...Thanassis Papakostantinou....pes tou na erthei gia kamia synaulia Agglia na goustaroume...

@hampine said:
english please so that we can all understand

Sorry mate! We felt a little homesick....I think we posted all we could remember from the paper....

I managed to finish 4 out of 5, I am pissed off with BPP and their text because there was not enough practice questions on CVP.
Why on earth does ACCA set questions in a difficult way?

Wt the labor rate on question 3?$ 3 or 9

CVP is a very easy question .....Its just that i lost it for some reason dont know why...
This is why BPP doesnt put it.
However exactly the same just different numbers - check chapter 8 opentuition notes.

ANN IRONS ALL I WANT FOR CHRISTMAS IS 12.5 MARKS PER QUESTION AS I ONLY DID 4 QUESTIONS

I want to ask something weird!
I didnt write the question number on each page of the booklet I just blacked the circles at the top of the page! Would that matter? It just struck me now!

On the questions I am pissed with the variances, I have done all of them to see that I used 6 as std labour hour per HOUR and not per BATCH and I had to do them again! Overall, fingers crossed, I think I passed.

If of course those correcting can get to match my answers with the questions!
Good luck to all!

It was a tough paper, we had got tips from our college that Throughput Accountings, Demand Curve, Learning Curve & Decision Trees could come up...not even 1 comes up!! Disaster as I had spent 2 days revising these.

Q1: Parts A & B i thought were really tough, it was something not ran through in the course and I found myself spending 15 - 20 mins trying to work this out with little success. The Graph on the other hand was something I attempted fairly well I think. I started off at -640k for Fixed Costs, then added the contribution of the three products ranked based on their contribution which gave me a positive contribtion of circa 2.5m at 68k total production. If Im lucky I got circa 5 - 10 Marks

Q2: This involved assessing a number of changes and incentives that a company had utilised in a month given the changes to financial and marketing. I felt this was pretty easy. Search Engine Optimisation = More Visitors x 35% = More Visitors. Need more detail on sales revenue to get a cost benefit analysis. Website Link: Specifically states what % visitors visited the website through here. Website Usage: This didnt improve and needs to be addressed. Incentive 1: Big Increase in Newsletter subscription. Incentive 2: Increase in orders over $100. Estimate about 15 Marks here

Q3: This was based mainly on the difference between a fixed and rolling budget along with assessing a bonus scheme. I found some success here in the bonus scheme, 1.5m achievable and the 2nd 1.5m not achievable. Again a toughie about 10 marks

Q4: This was about Labour Rate & Efficiency. I got a positive labour rate of €7,200 ($6 /0.5 = $12 x 0.05 = $0.60 x 12,000) & A negative Labour Effeciency of $21,000 which resulted in an overall negative labour variance of $13,800. I think I got mixed up between Operational & Planning Variances as I stated the ingredients change was an operational variance and that the labour reduction was a planning variance but still good marks found here i think. Circa 10 Marks

Q5: This was the one question I had actually prepared for. It was Ok i thought, the 4 activities were matched easily enough, Set Up costs - Production Runs, Ordering Costs - Number of PO's, Delivery Costs - No of Deliveries & Machine Maintenance Costs - Machine Hours. I found there was little difference overall in the profit, however Product R was costing far less which was what was alluded to in the theory at the start of the question. The final part was theory re ABC benefits and was ok too. Circa 15 Marks

Overall a tough exam a lot tougher than I thought when the tips didnt come up but I think I passed overall.

hi guys, i hope you did well. on first question i found average contribution 0,36 and the ranking i found it as it was. ranking was 0,54 , 0,35 and 0,23 or something like that. found revenue near 1,7m. did anybody else got something near?
in variances i messed up a bit lol. in questions 3,4,5 i think i did quite good. hope its a pass for me
by the way i forgot my calculator at home and i had to return back home to get it. it wasnt so necessary as i found it. pure theoretical test

@vasilikoula9 said:
I want to ask something weird!
I didnt write the question number on each page of the booklet I just blacked the circles at the top of the page! Would that matter? It just struck me now!

On the questions I am pissed with the variances, I have done all of them to see that I used 6 as std labour hour per HOUR and not per BATCH and I had to do them again! Overall, fingers crossed, I think I passed.

If of course those correcting can get to match my answers with the questions!
Good luck to all!

Re: the questions numbers I did exactly the same - didn't put the question numbers, just blacked the circles.

Would that be a problem? Anybody?

Admin in my variant i wrote UK, and i just found out that F5 doesnt have any variant would it affect me

@amygal01 said:
Admin in my variant i wrote UK, and i just found out that F5 doesnt have any variant would it affect me

No, it won't

overall it was ok compared to june 2012 where the time series and target cost ripped 30 marks off me!!!!
i messed up with the graph but can grab some points with the workings....the std labour rate was confusing but i think its $12 after all.....about the division performance i apply fliz.... and moon theory.....the abc and transfer price was quite easy and finally i think i did ok on the budget question but i didnt know the answer for the spreadsheet part......
hopefully i can pass.... and thank u open tuition for the lectures it really helped me out

Hi Guys!
I thought labour rate per batch was 6$ and hours spent on batch 30 min. Is it correct? Budgeted production was 24000 batches, which gives us 12000 labour hours. So for calculating planning labour rate variance I multipled 30 min by 20% and arrived to 36 min spent on batch production with a reduced payment rate of 5.70 $ Did anyone get same figures? or I just completely misunderstood question?

@gashita said:
Hi Guys!
I thought labour rate per batch was 6$ and hours spent on batch 30 min. Is it correct? Budgeted production was 24000 batches, which gives us 12000 labour hours. So for calculating planning labour rate variance I multipled 30 min by 20% and arrived to 36 min spent on batch production with a reduced payment rate of 5.70 $ Did anyone get same figures? or I just completely misunderstood question?

Yes I did.

Hi guys:

labour rate VAR - ($12 - $11.4) X12000 = 7200 F
Eff. VAR (10250 - 12000) X $12 = $21000(A)

TOTAL VAR = 13800A

Plan Rate VAR - new rate = $6 *0.95 = 5.70*2 = 11.4
(12 -11.4) * 12000 = $7200F

Plan OP = O (11.4 - 11.4) * 12000

Plan Eff VAR-20% slower = 0.5*1.2 = 0.6
(12300 -10250) *12 =24600A

Plan Op Var - (12300 - 12000)*12 = 3600 F

TOTAL VAR :-24600+3600+7200 = 13800A

Sadly It took me 5 mins to figure it out once I left the exam room...tis what happens when panic sets in....I'll be back in June...*sigh*

@nigs001 said:
Hi guys:

labour rate VAR - ($12 - $11.4) X12000 = 7200 F
Eff. VAR (10250 - 12000) X $12 = $21000(A)

TOTAL VAR = 13800A

Plan Rate VAR - new rate = $6 *0.95 = 5.70*2 = 11.4
(12 -11.4) * 12000 = $7200F

Plan OP = O (11.4 - 11.4) * 12000

Plan Eff VAR-20% slower = 0.5*1.2 = 0.6
(12300 -10250) *12 =24600A

Plan Op Var - (12300 - 12000)*12 = 3600 F

TOTAL VAR :-24600+3600+7200 = 13800A

Sadly It took me 5 mins to figure it out once I left the exam room...tis what happens when panic sets in....I'll be back in June...*sigh*

I got exactly that!!! But q1 for me was a disaster and struck 1.5 pages and spent hell lot of time figuring that out. I might be back in june too....

I am so upset. I think overall the paper was fairly easy if i had been prepared for it. I was looking for Decision tree, Linear programing and those questions but there was none.

I worked all the questions in the bpp revision kit and didnt come across any CVP, which i didnt even realise it was missing.

I did question 1 last and if it wasnt for opentuition i wouldnt have a clue but John voice was in my head with the profit chart even though i went through it in september and didnt look back at it.

Qestion 2) was what i had hoped to start with but then i saw the performance measurement which i thought was my best question seeing as its at the end of the book.

Did 3,4 and 5, then went back to 2 and 1.

had a rough patch with the ABC as i didnt realize they asked for the absorption profit to work with machine hours so had to rework that.

the ABC profits i could have sworn i had done something wrong since the profits were so much higher. this was a messy thing for me i hope the marker dont have any trouble finding his way through it.

I hope i got the 50 marks to see me through but i believe that I will be sitting this exam again in June.

hopefully next week I pass the law paper i have no wish to do 4 papers in june

@musema said:
Yes I did.

i got that too

dissapointed..i hope for a 50 pass.
made mistakes which i may now understand but i beleive with all this that we should remember by heart when in real life we would be able just to open the booklet and solve ,with the time given,questions should be more straightforward and less demanding.Most of us have other lesson obligations also.It would be a great help to us not having to remember so many types by heart and questions to ask basics and if more demanding to be set in a very clear and helpful way.
Unfortunately exam papers differed from time to time.This does not help students a lot.Anyway..lets hope.....

Hi.. I forgot to tick d question that i hv attempt at the front page..is it okay?

@musema said:
Yes I did.

Me also

overall the paper was so much better than the june paper. THank you examinator. I am hoping i scribbled enough info to pass as at the moment going through a rough patch and had to study what i could with the time i had available. Realy want to finish F5 and move on. But at this moment i will have to wait and see if the marker felt all my scribbles meant something. Ugh. Holding thumbs for all. :(

the exam was easier than June exam.. but some of the topics which came were easy but unpredictable as never came before.. too much writing,, i ran out of time, i did'nt attempt Q5. i hope if i can pass around 50 or may be fail nearby...

I think this was a fair paper and have resided to the fact if I am unsuccessful I have a good benchmark for a resit in JUne!!

Think I messed up on the CVP - this was in the BPP book and there were lectures on here & Kaplan so bit cross with myself - but first q so nerves always steal a few marks!

My timing was off, I did not manage to get enough points down for the last part of Q5 which was easy marks - 2 more mins would have done it!

Looking at F7 & F9 if did ok in this sitting for June, anyone already done these? Which one should I start first?

The paper was fair, although it had come tricks that could confuse. I must admit, comparing to previous papers, was easier, but still not "easy". Time management was important, as there was a lot of writing.