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

Was the whole idea of the exam to trick us or to test our Accountancy knowledge?? I am sure I will fail this exam but honestly speaking just because I did no do well on this exam I will not look at myself down or consider myself as if I am not good enough to be an Accountant.First of all the topic of F5 is to wide to cover then again examiners do not seem to consider the time pressure in the exam room and bring up tricky questions …..!!!

What did you all get for the very last part of question 5? Should they equip the theatre? I answered that they should…

@bibavuk said:
What did you all get for the very last part of question 5? Should they equip the theatre? I answered that they should…

Yeah I said they should too. Essentially they were upping the capacity of the bottleneck resource.

@danny124 said:
for a demand of 350000 bags n in good weather condition. sales will be (9 -4)* 87500 ( less the unsold portion multiplied by 0.50.) did i miss anything

I thought there is no unsold portion since good weather condition =350,000 bags same as demand 350,000 bag ?

@danny124 said:
for a demand of 350000 bags n in good weather condition. sales will be (9 -4)* 87500 ( less the unsold portion multiplied by 0.50.) did i miss anything

I did the same way and you know it took me ages and cost me the time of 1 full question. But I did full 4 questions.

@bibavuk said:
I got enough time to do 504 C procedures…
yes got this too.

@bibavuk said:
I got enough time to do 504 C procedures…

@curiousmeerkat said:
Yeah that sounds about it.

@nomipk3 said:
I meant demand in profit table? Cheers

I got the demand fn of 750 – 0.015Q rather than 0.0015

any idea for payoff table ? 350, 280, 200 ‘000 and 25, 45, 30 percent?

@eimearnid said:
I got the demand fn of 750 – 0.015Q rather than 0.0015

Yes I got 0.015, my extra zero was a typo. Apologies.

@mukxdon said:
difficult paper indeed…didn’t tick the questions i attempted at the front of th booklet possible consequences??

me too, i guess should be alright since each page u shade the question number ?

@danny124 said:
for a demand of 350000 bags n in good weather condition. sales will be (9 -4)* 87500 ( less the unsold portion multiplied by 0.50.) did i miss anything

Thinking about it, did you get the 87,500 from multiplying the 350,000 by the probability?

My understanding wa sthat the table in part a) was just to work out possible profits, with the probabilities being used in part b)iii for the expected values.

in the payoff tables:

* if demand = production then its just the contribution times the number of bags
* if demand > production then there is no penalty and its just the contribution x the demanded units.
* if demand < production then its the contribution * demand - (unsold * 0.50). Thats how you get the payoff table. Then you can apply the mini max and the maxi max…. after that to get the expected values you just multiply each payoff table cell with the probability of that corresponding demand to get the value of x. Then sum all the productions to get the expected values… you then select the highest expected value out of the production choices. Thats what I got at least. I can’t remember the numbers but I do remember that the contribution from the 200,000 production level was $1m regardless of the level of demand.

Just wanted to double check that you flexed the budget to the actual sales of meals of 1650?

Can anyone else tell me what they did?