*** F5 December 2014 Exam was.. Instant Poll and comments ***

The one with feedback was difficult though, firstly i thought it was double looop, vause they altered the plan. Then selected feedforward as there was a projection

In first part, i listed the perspectives snd gave some general comments. Second part was mostly about creativity. But still will receive some points

You will still get points for wuestion 2, if your approach was right

Still have to get even 50 :S planning f9 for june

Right lool

@emo777 said:
My final answer for that was 10400, 9455 plus ten percent

Why did you add 10%? Wasn’t that just absorption of fixed costs?

The exam was fair the application and knowledge part was equally there, to me the variance was most difficult coz i used to hate and nt practice often, but i did my best, i completed 90-92% i wish all the best Inshallah

Feedforward
Feedback
Positive
Negative

Does anyone know when Mr. Moffat will publish correct answers?

Guys heres what i done for f5
for section a mcq’s
1)one divison would reject on the basis of ri as it was negative

2)standards question basic standards statement something liek that was what i picked

3)incremental budgeting was correct

4)target costing was fine pretty sure

5)high low method was easy cant remember the exact figures

6)for the workforce strike i followed the approach of maximising contribution on limiting factor leaving me with products d and a.

7)last question was defo penetration pricing.

8)mucked up on the employing manager part forgot to deduct the salary ended up picking opition b.

9)shadow price i opt it to be increase of 16.

10)there was a statement about tqm and standard costing and the question i think asked which of the below statements apply to both. i picked neither because in tqm u dont need just seniors everyone needs to work on ensuringquality. cant remebe the other one but im sure it didnt apply to the non.

11)question on abc and absorption costing. statement one about cost drivers was correct. i think statement 2 was incorrect as production is increased so how can there be under absorption of overheads….:/

12)transfer pricing got me i just picked loss of 78000 a guess.

13)environmental costing again was a guess for me i picked statement 2 as being correct which was something about a costing method.

14)feedforward control was defo the right opition to pick well for me it was as they were forecasting.

15)for the advantage of using non participatory budgets over non i picked that its less time consuming.

16)cant remeber the rest of the 5 questions in mcq.

section a) part a very easy add materials and variable oh/s together use the formula all components were given work out total time taken to produce 8 less total tiem for 7 multiply the time taken for 8th unit into labour rate per hour.

part b) very easy 3 marks on the paper for me personally cumalative time was givn for 8 batches. being the y value int he formula.a was given 8 units being made. formula could be dervied as total cumlative time for 8 units being(y)=a(given)x (units made) into r cubed as doubling occurs 3 times. play around with it 70%=lr. lower learnign rates compared to 75% in part a there better learning =lower costs. as lower base to apply mark of 50% on.
question 2)part a was ok. part b) maanged to calculate return per factory hour cost per factor hour got me a bit i had my total hours worked as 2100. there fore givng me tpar of less then 1 for both cuts n treatments.

question 3) was easy fixoverheards u always ignore and u certainly ignore if they aregeneral apportioned. ir emeber my final figure being something like 9400 or something.

question 4) perspectives of balance score card. learning,customer,financial and internal efficency. i defined all of them explained why they are important the interelationship between them i.e if customer pespective goals areachieved automaticcally revenue obbjectives and hence financial objectiveswould be to.

part b q4) as i wrote so much for part a in part b i just basically rewrote what was in the scenario but in a tabular format.

q5) my fav question mix was 6k adverse yield around 9k favourable. section b q4) i defined mix n yield interelationship and specfically applied it to the scenario as they used more of expensive ingridents compared to std mix lalaal.lead to less wastage better yield.
last part of q4 i kinda got confusedbut i made my statement that sales manager is correct and looked at my calculations in part a and found that less of the last ingrident was used compared to the standard mix and moreof cocnut oil was used. basically made my comments on the actual mix being diffeent from std.

i know my essay is long to read but is there anyone out their who done the same as me:/ thanks for reading whoever does decide to lol

why lol?:P

Feroz, generally i had the same. However, both you and i made mistakes on environmental mcq, as the first statement was correct. Regarding relevant costing, my number was 9455, however, then, imadded specific apportionment of ten percent. But this does not change much. Regarding variances, i got 5k something adverse mix and 9900 yield favorable. Considering comments, i told that it was fault of sales manager as his advertising was not goid for sale of higher quality soaps

U can’t remember all this and score less than Pass!