*** F5 December 2013 Exam was.. Post your comments ***

Guyssssss …… no need to worry, there will b a percentile advantage….

What is a percentile advantage?

i made a mistake ,instead of using 5.8 $ or 6 $ i used total price (5.8*2.2ms) . Although i got rite fav n adv varainces ….but the amounts was wrong…any chance to get any mark out of it. 🙁

FYI For question 4 financial analysis question it only wanted you to comment on actual vs budget on the one company Sisco or whatever it was called. Not the second company to the right.

how it an be 0 variances and how the operational usage variance for bed sheet
can be adverse…???

Thanks OpenTuition, Thanks Mr John Moffat. I owe you guys a million. I found Dec 2013 F5 to be very easy, and all I read were your notes and watched the videos.
I attempted all 5 questions (I knew all 5 :))
I guess I was just too lucky, the last thing I read this morning was Environmental Accounting, so I had those 5 marks
@ umerazizch – yeah, the optimum plan was 1800 large panels, 300 small panels. Max profit was about 3.something million (cant remember exactly).
Operational variances (Price and Usage) were Favorable, the manager did extremely well.
On further processing, further process 1st 2 items (cant remember what they are called, stop further processing of the third)
On learning curve, (just apply Mr Moffats technique in the videos – though the formula could still work but if you notice the cummulative numbers were doubling i.e. 2, 4, 8 etc) for cummulative batches up to Oct. So abandoning the Learning formula, the cumm average time = learning rate(0.88) * average time for the 1st. The 1st took 200 hrs, the avg time for the next = 200 * 0.88 and so on. Steady state occurs after this, calculate the hours for the 8th batch (Cumm 8 – Cumm 7) and apply to all other cumm batches after this.
On financial performance, Net Margin and Gross Margin. Calculate and discuss this. Note the increase in payroll cost. Was this justified? Also the ad campaign investment, treat this as capital employed (though it isnt 🙂 the assumption I made is Fixed Asset less current liabilities (Capital employed) remained unchanged over both periods)) and compute ROCE. Was that investment justified? Yes – market share increased, No – when we didnt make that investment in 2012, we had better returns for the 0.5m. We certainly do need further information, both for the financial and non financial performance measures.
On advantages and disadvantages of involving the senior staff, that was on buttom up – participatory style of budgeting. Disadvantages – it takes a lot of time, managers could build slack. Advantages – senior staff are closer to the shop floor, so they can make realistic inputs, particpation would motivate managers

onyxera & helplogon : It mentioned in the question that the minimum units you can produce for any the panels should be 1000. So you had to do was … Small panels = 0.6 bottleneck hour per unit x 1000 units = 600hours
Subtract the 600 from the total bottle neck hours available. and the divide the time left with 1.6 bottleneck hour per large scale to get the optimum production quantity. You should have gotten 1500 units of large scale.

could some one please slap me
i forgot variance
i messed up too much
in the variance question which was by far the easies one

alos messed up the question on thruput
i think thats my bottleneck (lagging area)

rest was fine but i dont think i will pass this one 🙁

I did, hope it´s correct eventhough my workings were mess…

It’s more or less okay, but, will analyze the final marks =)
The previous session, i also have been thinking that i done evertyhing pretty much alright, but, had to attempt it again..
Good luck!

learning curve it was at no. 3

they all cant be favourable !!

because material operational varience shud be -ve as more cotton was used for pillows then it should hav been

really hope & pray i pass this sitting