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Hi all. How do u think u done?
I thought it was easier comparing to ones I have seen, but time time time. Surely lots of mistakes just in silly things
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Same here I just couldn’t finish the last variance question 🙁
But it was a fair paper so fingers crossed
I managed to answer all questions, except the third one, which I find it the most dificult. I did only calculations for that and poor answer in commenting.
Yes, it was a fair paper.I agree it was very time pressured but did finish – it was a better paper I agree, was the question involving minimax really that simple of just adding all the appropriate cost to each level of volume per price ? Like 6 individual calculations, I think I got it wrong as seemed too simple to do that instead of a payoff table ? But six individual calculations is what I did?! I was dreading this paper but I think it went ok, apart from didn’t actually calculate the surplus hours in 2c could just see which ones had spare capacity from graph – I had no time for calculation as was running over – goodluck with results everyone
I did a payoff table for q4 but I don’t think it mattered aslong as you stated 6 different profits. I thin q3 the transfer pricing was really hard. How did everyone tackle that?
Question with payoffs – yeah, was pretty easy, you just needed to find profit based on level of sales volume, var.costs, advert.costs and fixed.
2nd part of this question is just multiplying payoffs of each decision by the probability, pick the higher one (option 1 right? $30). and for the maximin i guess the answer was also option 1. pick the worst outcomes and choose the highest among them.
Am i right? 😀
I did a decision tree for question 3
Don’t think it matters though, just helped me work through the figures logically
Reason for decision tree was because we had a choice to make between 2 prices both of which had uncertain outcomesMessed up the variance question, hopefully get some discursive marks though. And the transfer pricing question annoyed me.
Linear programming seemed a little easy. Not sure if part c was a trick question in that a lot of people may have done an unnecessary calculation?
I’m guessing my percentage marks gained per question were
1. 70%
2. 70%
3. 30%
4. 60%
5. 25%The paper was very easy although i made silly mistakes in ABC and Variances. The Risk & Uncertanity and Linear Programming questions were the best. I think maximin answer was $35
The variance question I calculated a Contribution/sales ratio for the budget mix
Hope the examiner will give me marks for creativity?
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Think it went well overall.
Q1-Q3 took 2 hours. Q4-Q5 1 hour.
Transfer pricing was hardest bit.
Think full marks on ABC and linear programming. x is 20000 and y is 66000 i think .There were bits in ABC q to trick you up like on batches and purchases per batch both needed sorting out to get correct cost driver nunbers.
Wrote loads on the last bit of Q5.
I totally blanked on tranfer pricing decision, wrote something down in last 5 mins of exam.
1 down 2 to go!The time pressure is stupid though
More guidance needs to be given on how much workings need to be shown. I wrote way too much of my calculations down because I wanted to make sure I got all follow on marks. Wasted time, especially abc question. Answer for part b was 3 pages long
@Essem : LOL i did exactly the same used C/S ratio to calculate Std Mix 😛 hoping to get some marks atleast
As for variances, to find Standard profit margin aka contribution (in order to multiply it by budgeted and actual volumes of sales) i did:
Sales prices were given at the beginning and i put it here – C/S = 50% and 44.4% (as long as i remember) to find C.
Anyone?
In Linear Programming My Result is X=20,000 & Y=66,000
But Most Of The Students Saying X=55,000 & Y=66,000
So Whats The Correct Answer Guys?
Problem with question 5 was it gave sales price and total mix. contribution
With the revised budget I multiplied the budget mix by fall in disposable income. I think then compared to actual, actual was better so favourable variance which in the last part I explained would have been increased operational sales variance as they captured the customers of the valet company that shutdown
Anyone remembers Q1 a) b) answers? at least for product X.
For me the difference between Absorption and ABC was in 10-15ish Cents. very similar answers under both methods…
Can’t remember exact answer but think abc figure was slightly higher or slightly lower compared to absorption cost
Aleksandr & Essem:
For Product X ABC Is Jus a Little Bit Higher (Both Are 90 Something)
For Product Y ABC is 83 Something & 92 Something in Absorption
For Product Z ABC is HigherRed: I think you might have fallen for one of the examiners tricks
Or maybe I did lol
F@ck
And in the linear programming question what did you do with the fixed coast figure 🙂
hi guys, it was really stressing mainly question on transfer pricing.
For the paysoff table i was confused i didnt know if Advertising should be added for the six outcome or not.
Concerning linear preogramming x= 20000 and y=66000I thought it was a fair paper, 1,3 & 5 were all pretty easy. I thought I did well in Linear Programming but no-one has got the same result as me 🙁
Did crap at Q3, really expected Not For Profit to come up insteadredz, i think i got pretty much the same answers) high chances we are both correct.
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