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

What did you wright for factors in budgeting regarding uncertainty

h

I have nt drawn the lines of maximum demand on graph …nd calculated x and y by the simultaneous equation..so I wnt to ask ,how mch marks will be given

is there were any slack arise in linear programng question.

I’ve just finished f5 exam yesterday tomorrow. I could manage 5 questions but after a good night, I’ve found that I made some stupids mistakes, especially in question 1. This was really an easy question with many calculations that I should have gained a higher mark, but I made a wrong division instead of a multiplication, so I derived a wrong ABC per unit (crying!). With question of Linear Programming. I found the optimal solution of 20000 of X and 66000 of Y, but I completely forgot entirely slack definition so I missed 6 marks of this. Question about the expected value was better done and I am pretty confident to get high mark with this. The question about Valets made me confusing about comment of its performance, but I completed it without being sure whether my comments were appropriate or not :). The question of divisional and transfer price was the most difficult for me. As my calculation, W Co had a much higher ROCE and higher asset turnover but lower operating profit margin than C Co. By the way, did you subtract the internal sales from C Co to W Co? I did not because I thought the investment center have to be held responsible for selling price, including transfer price if any (but I am not actually sure about it!). The transfer price, in my opinion, should be set up between the minimum level (= variable cost + contribution lost of transferred goods) and the maximum level (= 95%* current market price – distribution cost). But I am not sure whether it is right or not.
I hope to pass this exam with 50 marks although it seems to be small chance to happen! Self-studying is saving costs and the costs saved is to take the exam again and again (crying)

The ABC costing was TRICKY, but I tried to manage it. It gave us Cost Pools: Set ups, Cost Driver: Number of batch. But down, thet gave us number of (units) in batch! This is NOT the number of batch! We need to take the total units for e.g Product X 20,000 units number of (units) per batch 500 units, we divide we get 40 BATCHES for product X ! This was the most tricky one then we allocate product x’s cost per cost driver into 40 batches. I am not sure if it is this way to do it because most of all friends took 500 (units) directly =/ I am not confident about mine 🙁

I think I did everything right in linear programme, but the careless mistake of using minutes against hours total. I was so careless
Guys how could I be marked?

I think it was a fair paper compared to the past exams, but my time management was so poor that I didn’t manage to finish question 5. question 1 & 2 were my favourites though I used a pencil on graph, hope I’m not going to be penalised for that.
Fingers crossed..

The paper was quite trick, i know most of the students underrated it that is why it was time pressured! All the questions were not as simple as students think! Needed more time and expertise!

J M

Thanks Michael
I didn’t see that perhaps I was so panic because I was short of time 🙁

I reached the exam hall 10 secs before exam start and started reading and only to see a sheet of graph paper??on my table when we are asked to stop writing.

Linear programming got 3.32 m forgot to less fixed cost…

35 mins on abc question not knowing what are the uncertainties to a budget

Skip the qn on slack

Spent 10 mins reading transfer pricing and skip the question

Managed to finish qn 5 ????

Performance measurement is okie thanks to opentutution lectures

Still hoping to pass

Does anyone know when they will publish the questions and answers on the acca site?

Eseem u r right by saying that acca will publish the question and answer,once they they workout how to do transfer pricing + division performance question.