*** F5 June 2014 Exam was.. Instant Poll and comments ***

Q1 was fine I think!
Q2 messed up – mind went totally blank, couldn’t even work out the 2 formulas 🙁
Q3 calculations and explanation not to bad but had no idea how to calculate the transfer price-pretty just explained marginal and absorption cost and the problems.
Q4-thought was ok but included advertising costs in all profits?

Also Can anybody remember what the budget uncertainty question was? Was it what are the uncertainties or how to deal with them?

Q5 probably the easiest but managed to calculate sales quantity variance wrong! Doh

Here’s hoping I get over 50% despite pretty much skipping linear programming.

Thanks!

demand line of Y and Build line

I can’t remember how I did it, never used cs ratio but my answers came to the difference in the budget sales and actual sales, think I got 99300 or around that mix figure for full valet, adverse in the mix for mini valet and the quantity was both favourable and adding all these togther and taking of the adverse mix was the same figure as I said between the budget sales and actual sales. It was not obvious the propertion for the mix to use but I used not round figures and it seemed to work out – sorry can’t remember how I did it, god I should be studying – so hard to switch off

Did we have to calculate Slack for Demand as well?

I think so. I only calculated for demand though

Anil, i thought to do it but i didn’t …:( i hope i dont loose all marks cos i have done everyhting right…except from that…the techinique i mean

What was the question re budget uncertainty in q4?

I got y=66000, x= 42000 :/

Is anybody able to switch off since the exam? Hours later and my head is still racing! 🙂

So generous. Q1, Q2 and Q3. Thank you Open Tuition. You make ACCA so easy!

Q1 – I thought was ok but I think I messed up on traditional costing. I just blanked out. Abc seemed ok although number of batches got me confused.

Q2 – Most perfect question ever. I completely ignored fixed costs because we were looking for contribution, not profit. The optimal solution was at point B or C. Cant remember. But it was for Build stage and demand (y=66,000).
At the end, x=20,000 and y=66,000.
Contribution was 1,360,000 or smthn like that.
Build stage was the only scarce resource
Test and Program stages had slacks which were pretty easy to calculate.
I even calculated shadow price of Build which wasnt asked for. My dream question!

Q3. Given that I’m writing f9 as well, I cant believe I forgot what to do with Asset Turnover. I did ROCE and Operating Profit Margin.
Transfer pricing did not exist to me because I didn’t revise the topic. Painful, I know!

Q4. I spent atleast 10 mins staring at this question and was dumbfounded I did not know what to do at all! Still a mystery.
I eventually managed to explain what maximin is and also give factors that give rise to uncertainty in budget preparation – Economic stability, Competition and Customers

Q5. I astonishingly blanked on variances. I only managed to discuss sales performance of Valet Co in part b

I’m wishing and praying to get atleast 50

It was overall fair/doable. I think LP, variance analysis, absorption & ABC costing were fine. But the question on transfer price was really disaster for me. And how is 3 hours that small time!!? 🙂 . It was indeed tight time for me, will definitely miss many marks due to that. Will wait finger crossed for z result! Uffffff…

Only another 9.5 weeks to wait 🙂