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was fair for me as well, but i coudnt finish, the transfer price question was too difficult for me 10 marks was just too much to say the price must be lower than the external price, i couldnt write anything further, lol
the linear programming, i confidently calcutated the variables but could not finish the graph, I hope the examiner will see i was in the right direction. lolYes your mind does go blank- the time pressure is a nightmare! I hope I don’t get penalised for not laying out the pay off table too much, am sure my calculations were right I just didn’t put it in the form of a pay off table, I was going to then changed my mind! Oh well, over now. anyway hope you all get great results, onto f8 for me now
It was fairly straight forward. The y tablet used the least time in each three constraint, and it’s contribution was higher than X. So the Idea was to make y to the highest demand. My graph indicated this with the contribution lines.
I may be wrong.
The pay off question didn’t ask for a table
So I did a decision tree
Looks like I got the constraints wrong
I know that was what stopped me doing one but it could just be that easy to list the calculations for each volume and price – which is what I did. Anyway it’s done now, no going back now!- thankfully
Hi guys, just a question please and i would appreciate if someone could answer tome!!!! 😀
in question 2, i think instead taking the minutes…
for instance
24x+30y=1,800,000 minutes…i touk the hours like i think it was 1,800 so my figures were much less than yours..you think i could loose all marks??? and slack actually based on that was for the second equation 12,000 exactly which was agreeing with the hours.I would appreciate if someone could tell me or help me on that!
Thanks in advance!!!
Hi everyone . Guess the was better than the previous. The tips were precise. I really got stuck with ordering cost in abc don’t know why was I so confused. I was really pressured time wise.
Sokratis, as long as u changed the minutes into hours for the constraints you should be fine e.g 6 minutes = 0.1 hours. You answer should have been what most people got X = 20,000 y= 66,000 the number of tablets produced would not change.
This is what I thought:
1) It didn’t give number of batches it gave number of units in each batch – so had to work out how many batches using that info.
2) I got x as very large, y as very small. Constraints were: the first and third labour things (build and test I think).
3) Transfer price – they told you how much C Co were selling externally and how many sales they were missing out on – I think you had to fully sell to external customers first and sell the remainder to Gears for marginal price.
4) Didn’t really know what to put for budget uncertainties
5) Got in a bit of a muddle as I only saw right at the end that it was sales mix “contribution” rather than sales mix.
Hi all,
just a question please…someone seems that deleted the topic that was opened i don’t know why…
In question 2 instead of taking minutes for my calculation i took the hours..
In addition i found much more less values than you guys but you think i was wrong completely? for example if i remember well i took for the labor 30X+40Y=1,800hours and not the minutes that was given in the brackets. However when i tried to calculate the slack my figures were matching exactly with the hours, i think one it was 12,000 if i am not mistaken…
please help,
thanks in Advance 🙂Sokratis, I answered your question before the thread was closed.
Your answer would be relevant as long as u converted minutes into hours. E.g 6 minutes = 0.1 hours and worked it out like that.
Regardless if you used hours or minutes your answer should of been 20,000 units of X and 66,000 units of Y.
This is what most people are getting for the optimum contribution.
Hope that helps
I used hours too and the opitmum mix and contribution are exactly in line with the ones who took minutes!! 😀
In variance question i calculated the standard contribution through C/S Ratio Formula but dont know if it is the right way
i multiplied the contribution with the c/s ratio given,as i remember contribution was 113280 and the c/s ratio was 44.6% for full clean so 113280×44.6%=50522.88 and then divided by the number of units of full which were 3600,so i got 14 as contribution of full…is this right or wrong??
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yes my answer was X 20000 and y 66000 optimal point where demand line of y cross the line of build
I just multiplied the sales prices given for each service by the c/s ratio as it said sales prices remained constant.
I used the C/S ratio to calculate the budgeted mix in variance LOL What a blunder! Time pressure killed my paper. In ABC also i did a silly mistake but i hope i get method marks atleast
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