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*** F5 June 2011 Exam was … Post your comments here and vote in Instant Poll *** poll results

*** F5 June 2011 Exam was … Post your comments here and vote in Instant Poll *** poll results

Former user15y ago#181

can anybody write down the solution of the payoff table???
just a part of it to show the right way...

Former user15y ago#182

I thought the exam wasnt too bad. I did struggle a lot on question 3 and 5 though. I thought question 1 was very straight forward? Or have I done something wrong as no one else seems to think this? The essay bits I did ok on as I revised it well, but got a bad feeling ill get 45-49! Flexed budget and throughput was awful! wasnt expecting that!

Zzquad15y ago#183

was kinda easy

Hhonang15y ago#184

AnyOne can tell me what is the pricing strategy suitable for ques 2???

Former user15y ago#185

:) You are right! Maximax - 1,750,000; Maximin - 1,000,000!
It was an easy question! The second one and the third one were easy too! I had broblems with b) and c) on Throughput accounting question!

Former user15y ago#186

@honang said:
AnyOne can tell me what is the pricing strategy suitable for ques 2???

If we have to choose between market skimming and market penetration I would prefer market skimming, as the company is in a monopolistic position within next two years and the product life cycle is relatively short :)

Former user15y ago#187

@aam2009 said:
Alright here's my payoff table from the exam. Let's see if anyone did something similar (fingers crossed!):

[img]https://imageshack.us/photo/my-images/837/f5exampayofftable.png/[/img]

Maximax choose 350,000 bags to produce

Maximin choose 200,000 bags to produce

I cant remember the probabilities to do the Expected values.

What do you guys think?

My payoff table is the same :)

Aaam200915y ago#188

Yes! That's what I wrote! Except the lifecycle bit... :(

No competition => Market skimming, you can charge a high price and this is justified because your product is superior to everyone elses both in performance and energy consumption. Recover high R+D costs, breakeven quickly and then spend money on new product development.

When competition enters after 2 years(?) adopt the market penetration policy => low prices as the product declines etc.

Former user15y ago#189

@aam2009 said:
Yes! That's what I wrote! Except the lifecycle bit... :(

No competition => Market skimming, you can charge a high price and this is justified because your product is superior to everyone elses both in performance and energy consumption. Recover high R+D costs, breakeven quickly and then spend money on new product development.

When competition enters after 2 years(?) adopt the market penetration policy => low prices as the product declines etc.

Your answer is better than mine:)

Former user15y ago#190

q2) a) P = 750*0.15Q !?!?

The result for the cost in Q2 was $ 8.53, I think !?!?

Aaam200915y ago#191

Demand function i worked out as P = 750 - 0.015Q

Hours to make the 100th unit and all other units above was 0.99 hours I think...

Marginal Cost therefore was 49.99??

I can't remember at this time.

Mmuzna8815y ago#192

Revision matters alot :( There were few which i knew but weren't coming into my mind jus because of no revision :(
Throughput was so easy i knew the formula each n everything but where i got stuck was how to calculate fixed cost i meannnnn GOSHHHH :@@@@@
In question 1 took my all time n solved it but when i did my paper then i realized my mistakes i did :(

Mmarky12315y ago#193

Hi again people, just a quick question if anyone can help? This is my first attempt at ACCA exams. I sat the F4 last week which was basically all theory, but obviously in F5 there is a balance of calculations and theory.
My question is, if you screw up the calculations, but answer the theory quite well, will the examiner (generally speaking) mark each section of the question "neutrally" if you see what I mean, or take the view "he doesnt know what he's doing so Ill mark him down"?
The reason I ask, as many people Ive spoken too, on Q1 and Q5, and 1 other (cant remember which now!) I lost the plot with the calculations, but I think my theory was almost spot on. Will I be marked on correct theory application? If so there is a slight (very slight!!) chance I may pass F5, otherwise its round 2 in December lol!

Hhonang15y ago#194

@aam2009 said:
Yes! That's what I wrote! Except the lifecycle bit...

Oh .bt d question said the demand v responsive .if the price set higher mean the demand drop 1000unit and no this product in market yet .can
apply price skimming ? What if using price penetratiOn ,since this product is minimize electricity so can earn market share within tis two yrs first?

No competition => Market skimming, you can charge a high price and this is justified because your product is superior to everyone elses both in performance and energy consumption. Recover high R+D costs, breakeven quickly and then spend money on new product development.

When competition enters after 2 years(?) adopt the market penetration policy => low prices as the product declines etc.

Former user15y ago#195

@kienyboy said:
If any one found this exam easy I think they are supper clever I found it was really hard only one 2 questions they give you information to work with . question 1 they hardly give you any information but maybe I'm stupid one here .from aat to acca very big jump

i dont think you are stupid. it was a difficult one. i felt the same way when i saw question 1. what was she thinking when she set those questions? so unfair

KKeshaM15y ago#196

@msroleli said:
yes, paper was not easy... I wrote much (all questions) , but forget to tick on a front page which question I answered and........... examiner will not check my paper? plz someone answer me...

they will. you can send them email and ask. i did same last time so i say based on my exp

Former user15y ago#197

@aam2009....I did my payoff table like this too........

Former user15y ago#198

Paper was unexpected its quite lengthy ND examiner test unexpected areas god bless all of us:P

Uuid019115y ago#199

@aam2009 said:
Argh, my image didn't upload. Let's try this again:

F5 payoff table

optimal quantity to produce at 280000 for the final answer?

Former user15y ago#200

Couldn't agree more with Pissukada and Danielglover. IF you want to pass then
a) revise the sylibus
b) in the exam, read each senario slowly twice, underlining numbers
c) realise that every piece of info is relevant and fits in somewhere.
d) read what the question actually wants you to do

Aanoop11015y ago#201

Not enough time to complete all questions. ans only 4 questions. hope i pass!!!!

Ll_ACCA15y ago#202

@uid0191 said:
Q1 Maximax Maximin Expected Values
Q2 Economic Theory Of Pricing + Learning Curve
Q3 Flexed Budget + Sales Quantity/Contribution Variance(discuss)
Q4 Balance Scorecard + ROI/RI (analyse, discuss)
Q5 Throughput accounting

I didn't feel ready so I didn't go to the exam. And as I see it was very good idea that I didn't go as I barely spent any time learning and revising these topics.

Former user15y ago#203

When does the exam result come out.

Former user15y ago#204

I think exam was hard and always will be hard . that what should be for acca .so when you qualified you will take care of the qualification .other thing if too easy let say 70% of people sit exam and pass when all this people qualified where accountant managers come from ? not from uk anyway .

Zzee2115y ago#205

I was thinking either this paper was tricky or i am super stupid! The questions seemed straightforward but on reading them while trying to fish out info was hard!!!! My head started to spin, i'm sure at some point i started talking to myself too! Anyway, i'm sure that all of us have finished our exams by now, lets not look back, if we failed, we'll try again, is we passed, well good going. There's not a lot we can do now, focus on next term! You know what really helps, creating study groups, then when you work a question, someone in the group is bound to know what to do at some stage, also it makes you study harder coz no.1 you wouldn't want to look stupid and no.2 it boosts morale, next term try it, even with a group of strangers, we all have ACCA in common!

Eernstaugust15y ago#206

@danielglover said:
I'm suprised at the comments of the exam today. Ann Irons, in my opinion, asked very easy questions that should have been studied. Flexed budgets are extremely simple, and is more like an f2 question. Questions such as maximin, learning curves and pricing decisions were expected, and covered thoughruly in the exam kits. I don't understand everyone's annoyance of the questions; linear programming and ABC were obviously not going to be tested. EMA would only be worth maximum of 5 marks, so I don't understand people studying this in detail.
???????????????????? What's the matter with people

at last someone!! have exactly the same opinion.
it was an easy and straightforward question paper. I don't know what the other were thinking. ABC and linear have been examined in the previous two exams so it was clear that other topics will be questioned this time...

Eernstaugust15y ago#207

@msroleli said:
yes, paper was not easy... I wrote much (all questions) , but forget to tick on a front page which question I answered and........... examiner will not check my paper? plz someone answer me...

don't worry I have never done it so far and took 5 exams, passed all :)

Eernstaugust15y ago#208

if people feel time-pressured on F5 what will they feel on F7 and F8 ???

Former user15y ago#209

The F5 exam paper is up on the ACCA website now.
Link
How did people do the EV calculation???
My working
Using the payoff table posted previously.LINK here
For each of the three cement levels produced I put a probability for each profit level based on demand.
So
Produced 350,000
EV = SUM (px) = (0.25*1,750,000) + (0.45*1,365,000)+ (0.30*925,000)
= 1,329,250
Produced 280,000
EV = SUM (px) = (0.25*1,400,000) + (0.45*1,400,000)+ (0.30*960,000)
= 1,268,000
Produced 200,000
EV = £1,000,000

Therefore the company would choose to produce 350,000 bags of cement as it would give the highest EV of profit.
Anyone agree?

Aaam200915y ago#210

@kotesh said:
The F5 exam paper is up on the ACCA website now.
Link
How did people do the EV calculation???
My working
Using the payoff table posted previously.LINK here
For each of the three cement levels produced I put a probability for each profit level based on demand.
So
Produced 350,000
EV = SUM (px) = (0.25*1,750,000) + (0.45*1,365,000)+ (0.30*925,000)
= 1,329,250
Produced 280,000
EV = SUM (px) = (0.25*1,400,000) + (0.45*1,400,000)+ (0.30*960,000)
= 1,268,000
Produced 200,000
EV = £1,000,000

Therefore the company would choose to produce 350,000 bags of cement as it would give the highest EV of profit.
Anyone agree?

I think I did the same.

Whichever way i used the probabilities I'm pretty sure the answer I gave was optimal production of 350,000 bags using the expected value, as you said.

Listen guys, its done and dusted.

However much you look back, discuss and rue the exam and/or your preparation, our results are out of our control now.

Just remember whatever lessons you've gained from this experience and use them for the next time.

None of us has passed or failed yet.

I just hope that I have done enough not to sit the exam again. I wish the same for all of you.
:D

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