- This topic has 208 replies, 82 voices, and was last updated 10 years ago by
.
- Posts
How u find out contribution per product for ques 5?
Kos it was a contribution varianceIn one of the notes it gave the C/S Ratio for each product.
So for the each product you multiplied the Total Sales x C/S Ratio to get Total Contribution, then divide by no. of units to get the Contribution per unitQ1 was fine, the last part of the abc question was hinting at the price elasticity of each product. If price changed, how would demand react. (Sales volume and profit) The last product increased a lot switching from traditional to abc. But that was in elastic
Q2
Firstly it didn’t matter if you did it in minutes or hours. It’s all relative to each other (divide and multiple by 60) it’s just a further administration which could carry errors forward.
End of the day, the x and y axis just show how much of each product is required for the optimum mix.
I got x 20000 and y 66000
Slack in the last two phases of production. Can’t remember the names.
Q3
I got 35 dollars for each EV and maximin. Not sure if this was right but I got confused because the calculations seemed too simple.
Q4
TP – wtf
My ratio analysis was a bit lame and dry. Did anyone make comments or adjust the ratios to take out the effect of the transfered goods? I thought about it but decided against to.
Q5
I practised material variances. I winged the sales one. The logic made sense in my head, hopefully I displayed that clearly on the paper.
I completely missed the c/a ratio at the bottom above the question. You were able to figure out the contribution per unit (standard) which were plugged into the variance analysis.
The last part of the question was straight forward. Even if you got the wrong calculations, there was enough information in the text and the numbers to evaluate the performance. It helps if the numbers work in favour with your bull..
I went a little blank on linear programming but got x=20,000 and y=66,0000. i had both the program stage and test stage as the slack resources. Not sure how I did with transfer pricing although I thought I studied pretty well for it. I was in the middle of doing the sales quantity contribution variance when we told to stop writing. With that being said, I still believe that I did enough to pass!
To find the contribution in Q5 I am pretty sure taking the total sales and multiplying buy the C/S ratio and then dividing by number of products was an unnecessary step as it gave you the sales price per item, which it also stated never changed. So you could just multiply the individual selling price of each item by the c/s ratio to give the same result.
Just chill and have some fun or ready for next paper . May God Bless you all and give you best result of your life.
Question 1 and 2 were easiest questions. rest of 3 questions were tricky.
and I really hate these theoretical questions , All ( c ) parts of questions like Explain ?
- Topics: 0
- Replies: 12
- ☆
Overall it was not a bad paper. not sure if I passed cause i didnt conplete the Linear programming.
I hope so, fingers crossed! There was only 4 marks for each variance which suggests there wasn’t too much extra working required apart from the variances themselves which needed a reasonable amount of working.
For mix I compared actual quantity/mix against actual quantity/standard mix. Then for Quantity compared actual quantity/standard mix to budgeted quantity/ budgeted mix.
- Topics: 0
- Replies: 12
- ☆
I agree. I absolutely hate this paper!
Daniel, I did exactly as you say to calculate the contribution. I was affraid when I was reading diffrent versions here, more complicated.
1. Long, long calculations, I hope I managed with those batches, they were tricky.
2. Linear programing: x= 20.000 y=66.000
3. only a), transfer price was difficult and I didn’t have enough time to think more about it.
4. With EV of profit I choose the price 30, with maximin, 35.
5.Mix variance, I compared Standard mix of actual volume with actual volume and using contribution to give them a monetary value. Total mix variance : 6554 – adverse.
Quantity variance, I compared Standard mix of actual volume with standard mix standard volume. Total quantity variance : 48.144 – favorable.I used the budgeted contribution and share it in the % given for both item then divided it by the result for both items by budgeted total items to get the contribution for each item to the budget mix a simple add the two budgeted items (it was like 1:1.8)
- Topics: 0
- Replies: 2
- ☆
Regarding question 2, the question said that the constraint were labour hours and all three processes used labour hours. So all three processes had a constraint. Is this good reasoning or am i missing something? I forgot how many labour hours we had available. Any help?
Please can anybody remember what d instruction was for the question on maximin? I mean the variable cost.it was something like $12 or $11…it seems I made a grave mistake!
ABC -like was in study text and rev. kit. Nothing special. Cant remember amounts…
Linear Programming – my results X = 20,000, Y=66,000
Sales mix and quantity – pretty easy, but contribution was tricky one. I think for X was 23 or 22 and for Y something like 16 or 18. Overall Fav. Variance.
Probability and expected value of profit very logical. I don`t have pay off table but only calculations of expected profit of each. Here I made one mistake – switch numbers for variable overheads, hope examiner will give me a points, because instead of @$11 i calculate most @$12 per unit… Overall time is pressing and reading carefully is good idea, but this could be done only in home 🙂
Transfer pricing – my difficult one, question was too detailed as info and I did only first part from the question – performance of two divisions and C Co company.- Topics: 0
- Replies: 1
- ☆
does anyone remember how many marks were there for q2)b)?
And the marks split for Q4
- Topics: 0
- Replies: 2
- ☆
I think this was one of the easiest F5 papers I have seen. But I made some careless mistakes in q2 linear programming realizing that I confused minutes with the hours. Apart from this I think I handled the paper well. Hoping that I’m successful.
- Topics: 0
- Replies: 2
- ☆
Ev variable costs were for production of 100,000 £12 and for production of 100,000 and over var costs will go down to £11.
- The topic ‘*** F5 June 2014 Exam was.. Instant Poll and comments ***’ is closed to new replies.