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

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

@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?

@valiaty

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

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

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

@valiaty said:
haha , den menw athina, Larisa menw. Imun Londino kai katevika na dwsw gia to Acca.. anapodi egw.. 😛 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…

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?

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

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

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?

@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….

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

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

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.