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

@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?

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?

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 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

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…..

@musema said:
Yes I did.

Me also

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…

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.

i remember when somenone posted a coment asking when wa the last time that a question came in CPV. i joked and said it will come this year. that joke has come to hunt me. anyway the exam was fair but for question 2. i wish ACCA could remove question 2 n mark the remaining 4 on 80.
anyway i ve myself to blame bcos i didnt prepare well. but ACCA should be setting questions that you have to spend time to reason what to do . TIme has always been the problem with these exams

didn’t expect those type of questions…

In Q 5 we had to add margin of retail division on sales? It was like 45%.

The constant mix of sales is the fundamental assumption in CVP analysis. In other words it means u are selling products in fixed proportions for instance for every 1 sold A u sell 2 B and 5 C (1:2:5) this mix remains constant.