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

@kienyboy said:
hey clever people here let us the middle range have a moan here we all know you are clever so you will have acca before us and get more money than us so one place you leave us a space to moan is here please we beg you don’;t put more salt on my …………

You are only bound to your level of intelligence, to how much time you put in to studying!

Balanced Scorecard..saw it 4 the 1st tym..now i’ll neva 4get wat it is..!!!

@curiousmeerkat said:
I had the three different production levels on the right hand side (350,000 bags, 280,000 bags and 200,000 bags), and the three different weather conditions along the top.

The contribution per bag was $5. Depending on the amount produced and the weather, I basically did (Production x $5) – (Difference between Production and Demand x $0.50), as if they weren’t sold it cost $0.50 to be scrapped.

That’s what I put, I hope it is right as I’d like the 8 marks!

I think the bags which weren’t sold had to be multiplied by £0.50 (disposal cost) + £4.00 variable cost, so $4.50 as not even that the business would recover

it would be nice to have just a half time more..

i want to admit that whole paper wa too difficult to slove. it was a tricy paper. and i wa surprise to see the paper.

I think quite tough…..I don’t even finished all the question. Hopefully can pass. All the best for myself. God bless!

I think the examiner wanted us to prepare a flexed budget for the actual number of meals which was 1560. But u have to be very careful wen it comes to getting the labour rate. because wen the order exceeds50, the have to be paied $12 per hour. what i did was dat i divided 1560 by the number of days worked in the month (i.e 6days a week: 6*4=24days worked in the month. 1560/24= 65. which shows that an average of 65 meals was ordered in a day in that month. there fore increment of 5 within 15 left in 65-50(15) would be $12* 3=$36 per staff a day plus the normal pay which is $8 per hour. multipled by the number of days and also the number of staff in the restaurant.
I have to say the question is complicated enuf but not realli new for sum1 who has been an accountant for years.
I see so many people here quotind a price function instead of a demand function. at least ma first degrree in Economist lets me know dat demand function is Q=a+bp. if its price is $735 demand function would be 1000=a+735b. if it increases by $15 demand falls by 1000 units which gives us the second equation 0=a+(735-15)b. then u solve the equation.
for more info contact me on ojiakuchibuike@yahoo.ie. tnx

funny enough I think I did well on flexed calculation but other were total sugar

it was good and bad

I found out that in some of the question I didn’t remember even the structure or the formula. Most probably i will fail.

sad! i dont really know what to say, the throughput was hell and flex budget. EXMINER ANN IRON was hard on us. i thought of it because her name ANN IRON the word “IRON” means HARD That is why our F5 was very HARD on us….. please, when choosing F’s TO WRITE, FIRST THINK OF EXAMINER NAMES BEFORE ANY OTHER CONSIDERATION… WELL, WHO CARE. HOPING FOR PASS.. MY HANDS ACROSS TILL AUGUST.. THANKS OPENTUITION FOR YOUR SUPPORT…

the exam was very difficult. could only do throughput q5. flexed budget i totally forgot.as for the hospital scenario,it was horror.