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Feroz, optimistic you are! While preparing my worst scenario, i assumed myself to be very greedy and angry marker 😀
Hmm, Chris, mate, been thinking on marcs answer for a while, i am afraid he is right…
marc is correct std cost for 1kg=2 shadow price is 2.8 in total maximum we can afford to pay is 4.80 we pay 2 there 2.80×20=56 increase in cont.
For me it was a super EASY PAPER! I must say it was not though at first look But more I dig, more better it got to appear.
ACCA always emphasis on making logics and applying to to your real life. If you have a good logic and you write with labeling for your marker, 50% will not be any problem at all.
Tips:
1/ Never read text books. They make us scare rather learn. The syllabus guide is a good thing to learn. You should learn it by the practing and practing and practing. At the end you will realize that you are jumping in skies…2/ Never make HUGE revison notes for end. Imagine its a panic condition when you have just 3 says for revision and if you put that time on making large volume, you will not be able to learn a single thing. You rather just make few points main areas and thats enough!
3/ In last revison and like one day before exam, never learn the new topics that you left, rather focus on what you read and had learnt. This will help you to give full exposure of your knowledge to marker.
4/ Being humans, our mind capacity and habit doesn’t allow us to punish mind by huge volumes. So relax!! Take rests and then study, then again rest and then study. This rest should be comprised of your best activity.
5/ I just studied max 5 hours on 30th November!
6/ Always write in a way that makes sense while marker is checking your sheet. Imagine he has hundrerds of sheets to mark and if you help them with fair writing and labeling. You are likely to get favor by him too.
7/ Stop writing when ideal time i.e 1.8 is finished for your answer, this way you will get chances of other questions. During the final time, you will get few mins for sure, so you can use them and get back to your uncompleted answer.
ABOUT F5:
I realized that it has huge content to learn and remember, being humans we cant, we are young and have other lots of activities too!But if you see it by like this:
Part a that is costing techniques like ABC, target costing etc…
This area says that you should know what should work with the costing and its simple. Once you learn rules and practice just 2 questions on each, that will boom you.Like ABC is for overheads, throughput is for optimum production and ratio, target and lifecycle are joiint and must to learn topics( * for your real life )
Part b: Decision making
Here it has one common thing Scarce resources. So realize how will I help a company by learning it. You will get lots of ideas.Here pricing is just easiest, then linear-programing is also not big deal, relevant costing is also relevant to just few points etc…
Part c and d: Budgets and standards
Here I swear of GOD you can get lots of marks.chris what about question 5,6,9,11,14,16. some answers may be obvious if you studied but idk man wording sometimes catches you out.
Hi Feroz
I got C,B, A, C,B & A respectively.
It appears number 5 was wrong though!!
PS – Feroz – no way you will lose 5 marks for not multiplying by 3 on ABC question(even if I am correct in stating x 3). Judging by what you guys are saying so far (you and GTV – I’m thinking maybe I dropped 3 questions on part A with luck) – therefore 34%. I’m hoping to have got 65% + as a minimum and will be gutted if not. Need to stop panicking and be confident (and then panic again when the formal ACCA answers come out!!!!!).
Looking forward to John’s interim scoring though.
About shadow price just remember how to calculate it:
1. we know the contribution if we have the initial quantity of the resource;
2. we calculate the contribution if we have the initial quantity of the resource + 1 unit (nothing else changes, i.e. the price of the additional unit stays the same, it is not free of charge).
3. substracting 1 from 2 gives the “shadow price”.So the real price to pay for the additional units = its initial cost + shadow price, and the answer comes to 56.
If I’m wrong please make me correct or please publish here the same question from BPP mock exam with the decision.
So, both of us have only 3 mistakes then? Are you sure about question 5 18 k?? If yes, then i made mistake on 78000, you made mistake on a and d, and both of us were caught on environmental cost true false question and on shadow price 😀
@emo777 said:
Hmm, Chris, mate, been thinking on marcs answer for a while, i am afraid he is right…Thanks Gvtftf! I do wish you well for the rest of the paper!
As I said Chris, have a look at the recent publication on the ACCA website.
Elena has it correct above.
To Chris and the Gvttftf
Why did you put A on 20?
If the demand is enalastic, doesnt it mean that we can further increase price without our sales decreasin? Thus option 1 favours a penetration policy – so answer C
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