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lol Sam…I didn’t need to in end as got the 2:1 with hons! However, I would have with a third! GVT and I are agreeing again on other items! Looks like relevant costing duped most people into an answer of 9455 but I reckon you will all still get 9/10 for that assuming decent worded back-up!
kolkleen – they simply wanted you to apply throughput accounting to the question provided. If you had 1 machine (machine time scarce resource available) that was available for 100 hours then surely if you had three identical machines then 300 hours of the scare resource would be available? Just treat staff and machine and bob’s your father’s brother – done. The ACCA examiners continually state they want to refer back to real life so why shouldn’t this be a good question and good example? It was my weakest area so I left the question until last and managed to get 10/10 – surely that makes it a very fair question lol!!!
haha.
i done everything just the last bit of apportionment which i first thought okay its fine it needs to be added but when i left the exam hall. damn when i really thought about it. i was like no way silly mistake that was.
nevertheless as you mentioned for 9 or 8 would be decent from this question
i m expecting with really harsh marking around 65%. thats real good for me. started revision just 2 weeks before exam
I did the same STUPID mistake on question 6. Can’t believe I didn’t add back fixed overheads! Never made that mistake before – moment of complete stupidity and throwing marks away needlessly. Lesson learned on that and will be more careful in future papers…..
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@chris1975z said:
I did the same STUPID mistake on question 6. Can’t believe I didn’t add back fixed overheads! Never made that mistake before – moment of complete stupidity and throwing marks away needlessly. Lesson learned on that and will be more careful in future papers…..That’s why it’s an exam bro; not completely a true test of knowledge but a necessary evil
Answer to question 9 is A.
The reason is stated in the BPP page 23
Traditional absorption costing systems, which assume that all products consume all support resources in proportion to production volumes, tend to allocate:
(a) too great a proportion of overheads to high volume products, which cause relatively little diversity and hence use fewer support services, and
(b) too small a proportion of overheads to low volume products (which cause greater diversity and therefore use more support services).
Activity based costing (ABC) attempts to overcome this problem.
Thanks for pointing out the errors 🙂
Answer to Q9 should be A; answer to question 20 should be A.
I will replace with a corrected version.
Hope there are no more mistake 🙂
Sorry – I am going mad! I had them written on a piece of paper in front of me and then typed them the wrong way round 🙁
My post is now corrected 🙂
I think I got around 30/40 on the MCQ’s, silly mistakes such as High Low & Adding back fixed overheads like are frustating, but I guess first shot at a 3hr paper makes you do some silly things.
Question 1: Understood the Learning Curve, however instead of applying the learning curve to the units, I applied it to the hours. However I think I followed the rest of it through correctly, so maybe a 1 mark loss? Also didn’t understand Part B and ran out of time
Question 2: Was okay, however misread the question and didn’t multiply it by 3hrs.
Question 3: Got $9,619. Probably the easiest on the paper was very happy with that question.
Question 4: Defined balanced scorecard, and explained the perspecitves, not in great detail but hopefully enough to get 5/6 at least. Then Part B was good too, idenftied a goal for each and a measure, so hopefully close to full marks.
Question 5: Mix and Yield was another basic question that didn’t really have anything to try and catch you out. Explanation though I did okay on too.Marked around 65%-70% harshly unless I’m fully barking up the wrong tree, should be fine!
Don’t think I could of asked for a much better paper in honesty, nothing really horrible came up!
Now onto F4 on Monday, then F6 & F7 in June!
@chris1975z said:
I did the same STUPID mistake on question 6. Can’t believe I didn’t add back fixed overheads! Never made that mistake before – moment of complete stupidity and throwing marks away needlessly. Lesson learned on that and will be more careful in future papers…..This is true Chris! They do make the exam, if you can get 15/20 you’re well on your way to a pass. But if you struggling with them, can easily leave you with a lot of marks to claw back!
I agree James. Most of my revision was centred around MCQ’s. Thought if you can pick up a minimum of 15 marks here then easily pass rest of paper. Paid off and think got 18/20 on this section now that John has written them back round the other way!
I thinks in q 16 , answer is Flexible budget
and in 19 B Negative feedback controlThank god Q20 is A
I think I misread Q9. So messed it up. No worries.
Still got 26 in Section A
flexible budget is prepared using actual figures at standard prices, it’s not built on previous period budgets. its flexed at actual figures X standard prices.
Hi all I made a huge mistake. I didn’t notice the particular answer booklet for the MCQ answers and write all the answers for MCQ in other page.
I am feeling measurable 🙁
Ow no!
No experience of this but I hope you get rewarded for your marks!!
We were supposed to do them on page 2 of the answer booklet. It was written on it.
I think k you should ask this question to the admin team
erm well i hope so
which answers dont you agree with? maybe posting here might help solve them.
m only referring to section A
section B i have forgotten what i wrote so wont me wise to make any comment. but my answers to Q3 Q4 Q5 are pretty similar to opentuition
I agree 1, 2,3,4,6,7,9,13,14,15,17,20,18
I don’t agree (or I don’t want to agree) 8, 10,11,12,16 ,1913 *2 =26
if I have more 1*2 =2 points I’ll not be afraid of fail , or better 2*2 =4 points
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