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in the mix and quantity question, how did people get the second line for mix, i.e. Actual Quantity Standard Mix, how was the standard mix decided, i added up all the hours e.g. 0.8 add 0.6 etc, then did 0.8 divided by the total hour amount and used those figures on the actual quantity to get my Actual Quantity Standard Mix figures
Afternoon guys,
So for the variance question was it correct to absorb the fixed costs and then use the STD Profit to calculate the variances or were you meant to totally ignore the fixed costs and only use STD Contribution?
I made a huge error not multiplying the figures in the Decision Tree by 3 for the 3 years. Such a small mistake could cost me around 10 marks potentially, unless the mark scheme is in my favour.
The Balanced Scorecard question was a bit of ball ache to be honest but should have passed the question.
What did people get for the direct labour cost p/unit in the lifetime costing question?
Personally I was expecting some nice 20 mark written question on performance management information systems and sources of management information, would’ve banged that in but sadly got thrown off really really bad by that balance scorecard one.
in the decision tree question, i did all the ev calculations and drawing the tree, i just forgot to state at the end whether they should expand or not..how many marks have i lost due to not stating at the end decision to be made?
i dont remember the figures now, but i did realise i need to multiply by 3 years, the ev calculations were correct for my decision tree, but if the tree itself was wrong then will have lost more marks..hoping to have just got a few follow-through marks..
Decision was not to expand (I hope!) at least that’s what my calculations said.
in the mix and quantity question, how did people get the second line for mix, i.e. Actual Quantity Standard Mix, how was the standard mix decided, i added up all the hours e.g. 0.8 add 0.6 etc, then did 0.8, 0.6 etc divided by the total hour amount and used those figures on the actual quantity to get my Actual Quantity Standard Mix figures
What do you think is the most marks possible for 1a if everything was done correctly except you didnt times the figures by 3 years!?
Im hoping 2 marks for saying the company should NOT expand…other than that its going to be a lottery
decision tress compony shoul not expand and i choosed option because give me higher benefit than other option
What I did for the mix and quantity part was that I considered the budgeted sales as the standard sales itself there by based my actual quantity standard mix on that. Not entirely sure that is correct though.
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Yeah, your mix total has to equal the actual total of units sold. Then you just split the mix units in the same proportion as the budget does.
<cite> @youngw said:</cite>
Yeah, your mix total has to equal the actual total of units sold. Then you just split the mix units in the same proportion as the budget does.You have no idea how happy that little revelation has made me 😀
RE ‘Actual Quantity Standard Mix’ line for the Mix variance : so lets say e.g. the standard hours were 0.6, 0.8 and 1.2…..meaning total standard hours is 2.6….what i did is i took the actual quantity and multiplied it by 0.6/2.6….0.8/2.6….1.2/2.6…and these figures were my Actual Quantity-Standard Mix answers….was that correct????
I don’t think that is correct because your actual quantity standard mix total would not have been equal to the actual sales total.
<cite> @mfc2476 said:</cite>
didn’t do too well on this paper! what did people calculate for Q3 – I got £121 (£61 manufacturing costs)i got near that 122.2. i think its related to the round off i did
<cite> @maxwellbenn said:</cite>
The Examiner incorporated tooo many written answer questions . That balanced scorecard questioned called for about 4 pages of writing and was not a question that could have been answered in the allotted time per question in my opinion. The budgeting question made no sense . lol idk I don’t think i scored very well . The variance question was Ok , The lifecycle as well . Decision Tree was complex .exactly, for that i had to do 2 questions at a time….. although i managed to complete it
4)operational and planning varriances, sales mix and sales quantity had components of absorption costing and briefly comment of the sales manager performance – STRUCTURE OF QUESTION 4b WAS LIFTED FROM KAPLAND F5 STUDY TEXT PAGE 312 WITH SOLUTION ON PAGE 329. Wish you success!!!
Hi,
I did Target Costing with learning effect well
And the budget question
I did decesion tree question but i am not sure about decesion tree but i did ev correctly
I messed with variance questionHope result will be ok
Ashraff
DohaIt was a mixed exam, but i hope most persons are successful. After an exam can be so depressing, not sure if you are right or wrong.
I drew a decisin tree in the exam but i had two outcomes coming out of an outcome?
We had 2 scenarios if we would have gone for the extension to the gym/whatever it was
1) increase or decrease in number of members
2) increase or decrease in price charged to members.
So you can see for an outcome of going ahead with extension, we had two more outcomes but there is no decision made in the middle (after going ahead with extension and before the two outcomes)
Is it valid?
I hope i am making sense here. How did you guys drew your decision trees?- Topics: 0
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It was a practical, real life and challenging management accounting/Performance management questions. Though not extremely difficult but some of the questions were too (wordy) i.e. too lengthy. It requires a lot of time to read and decipher what the examiner wants and this time is not just there to ready such volume of essay and attempt all the 5 questions under 3 hours. Above all like every other F5 exams and ACCA paper a THOROUGHLY prepared candidate could still pass.
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