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

This topic has 291 replies, 186 voices, and was last updated 13 years ago by zaantjie.

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June 13, 2011 at 3:57 pm #84711
Anonymous
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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 …..!!!
June 13, 2011 at 4:01 pm #84712
Anonymous
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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
June 13, 2011 at 4:01 pm #84713
Anonymous
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What did you all get for the very last part of question 5? Should they equip the theatre? I answered that they should…
June 13, 2011 at 4:02 pm #84714
Anonymous
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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
June 13, 2011 at 4:03 pm #84715
Anonymous
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@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.
June 13, 2011 at 4:04 pm #84716
Anonymous
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@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
Why 87,500? If they produced 350,000 bags and it was good weather they should sell them all, meaning no disposal costs. So profit = 350,000 x $5 = $1,750,000.
I hope.
June 13, 2011 at 4:06 pm #84717
Anonymous
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@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 ?
June 13, 2011 at 4:08 pm #84718
usman5535
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It was a tough paper indeed
June 13, 2011 at 4:10 pm #84719
nomipk3
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@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.
June 13, 2011 at 4:12 pm #84720
Anonymous
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@curiousmeerkat said:
Why 87,500? If they produced 350,000 bags and it was good weather they should sell them all, meaning no disposal costs. So profit = 350,000 x $5 = $1,750,000.
I hope.
yea, i think we got the same ans ! awesome.
June 13, 2011 at 4:13 pm #84721
Anonymous
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@bibavuk said:
I got enough time to do 504 C procedures…
yes got this too.
@bibavuk said:
I got enough time to do 504 C procedures…
@curiousmeerkat said:
Yeah that sounds about it.
June 13, 2011 at 4:14 pm #84722
mukxdon
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difficult paper indeed…didn’t tick the questions i attempted at the front of th booklet possible consequences??
June 13, 2011 at 4:15 pm #84723
Anonymous
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@nomipk3 said:
I meant demand in profit table? Cheers
I got the demand fn of 750 – 0.015Q rather than 0.0015
June 13, 2011 at 4:15 pm #84724
Anonymous
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For those who found it manageable well done keep the good work up!!
For the rest of us who are left in cold either due to shortage of time to prepare ourselves or due to the nature of the exam ,let us learn a lesson from our past and focus on the future.
Regards
June 13, 2011 at 4:18 pm #84725
i-acca
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any idea for payoff table ? 350, 280, 200 ‘000 and 25, 45, 30 percent?
June 13, 2011 at 4:18 pm #84726
Anonymous
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guys how u calculate the demand equation? as per question……for each 15$ increase there will b 1000 units fall…..so I took 735 selling price and 1000 units , n then deducted the selling price by 15$ ie. 720 and 2000 units………I calculated based on this…….I donno wether its correct or wrong…..
June 13, 2011 at 4:20 pm #84727
Anonymous
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@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.
June 13, 2011 at 4:21 pm #84728
i-acca
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I found the demand equation P=750-0.015Q
June 13, 2011 at 4:21 pm #84729
Anonymous
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@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 ?
June 13, 2011 at 4:22 pm #84730
honang
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Anyone can tell me what ia d equation of demand equation ? And do we need to calculate variance between flexed budget and actual ??
June 13, 2011 at 4:24 pm #84731
Anonymous
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@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.
June 13, 2011 at 4:29 pm #84732
Anonymous
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miX oF hArd Nd eAsY pArtS…….:)
June 13, 2011 at 4:34 pm #84733
platinumkp
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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.
June 13, 2011 at 4:42 pm #84734
Anonymous
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@mudassirsiddiqui said:
throughput in a hospital case secnario
then maxim maximin and seasonal variation
then flexibudget
also demand and price equation also theory of sales mix contr variance
where was there seasonal variation??? :S
June 13, 2011 at 4:43 pm #84735
Anonymous
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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?
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