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Thats right Mac. The transfer pricing question was hell!!!
This exam shocked as I was sitting first time. especially question on ABC – how should assume that the number of patient should be find using 24 hrs. No logic whatsoever , no clear elements of this question. Another question was on demand level , the examiner has switched from traditional formula to another one which I could not figure out . So I believe i failed
kkarim: I think you are being unfair on the examiner. I would not suggest that exam was easy – it is not meant to be easy. But the ABC question was pretty standard, and I don’t know what you mean by switching from one formula to another in the pricing question – it is the normal formula for marginal revenue (and it was in fact generous of the examiner to remind you of it in the question itself, since it always appears on the formula sheet anyway!)
I hope that you have not failed, but if it turns out that you have then I really do suggest that you watch all of the free lectures on here.I am sorry but I really have no idea – I do not design the marking scheme, and I am not the marker and obviously I cannot see exactly what you wrote 🙁
@besonglachepaul said:
Thats right Mac. The transfer pricing question was hell!!!@audinance said:
Transfer pricing was challengingPersonally, I thought it was okay as it was based on similar questions on previous papers. I thought question 3 was the most difficult personally and I liked the transfer pricing and ZBB budgeting question. I guess people have different preferences I guess.
that question of transfer pricing i read it several times but i couldn’t summarize it in time.
i thought i would complete in time but i failed to make itAm not agrrreeeee with u :/ that was simple, somewhere between 770 to 800 will be transfer price :/ Zbb was disasterrr
Not clearly mantion in question 4 to use high low mathod .
The question was about product life cycale.Sangeen: if you mean question 4 of Section B, it was nothing to do with life cycle costing. Part (a) was high low (and the question did not need to tell you to use it – you would not normally expect to be told), the rest of it was a standard pricing question.
(You might like to look at my suggested answers which are posted on the website)
ikramshah:
The ACCA have not yet published the Section A questions!
If and when they publish them then we will post our suggested answers. If they don’t publish them then we won’t – we cannot provide answers for questions that we have not seen!!!!
My answers to Section A – MCQs (all 20 of them but not in order as appeared in exam)
1) Residual income (Calculation MCQ) – Option C correct
2) Relevant costing (Discursive MCQ) – Statement (ii) not relevant
3) Target costing -(Discursive MCQ) Option C correct
4) Throughput accounting (Calculation MCQ) – correct was $2400
5) Materials mix (Discursive MCQ) – both statements were wrong
6) Sales Quantity Mix Variance (Calculation MCQ) – $37..(F) correct
7) Sales planning variance (Calculation MCQ) – $12000 (A) correct
8) Calculation MCQ – P1, P3, P2 correct order
9) Lifecycle costing (Discursive MCQ) (i & iii) correct
10) (Discursive MCQ ) -Transaction processing system (TPS) was correct; but the other statement was wrong as it was representing ERPS & not EIS
11) Current ratio/Quick ratio (Discursive MCQ) – Statement (ii) was correct only
12) ROCE (Calculation MCQ)- Asset turnover x Operating profit margin
13) External information (Discursive MCQ) – Option C was correct ending with competition
14) Throughput Accounting (Discursive MCQ) – Statement (i) was correct
15) CVP analysis multi-products (Discursive MCQ) – Statement concerning apportionment of overheads was not correct, all others were correct
16) Shadow price (Calculation & Discursive MCQ) – I did Option B, Statement (i) correct only (I’m not sure if I did it right)
17) Minimax Regret table MCQ – Option C (375)
18) Learning curves (Discursive MCQ) – I panicked here a bit and did all of the above which I am sure is wrong
19) Environmental Accounting (Discursive MCQ) – Option A
20) Return on Investment (ROI) – (Calculation MCQ) – Option B (I could be wrong as it was bit tricky)
My answers could be wrong, thank u opentuition 🙂
@dannydoo said:
My answers to Section A – MCQs (all 20 of them but not in order as appeared in exam)1) Residual income (Calculation MCQ) – Option C correct
2) Relevant costing (Discursive MCQ) – Statement (ii) not relevant
3) Target costing -(Discursive MCQ) Option C correct
4) Throughput accounting (Calculation MCQ) – correct was $2400
5) Materials mix (Discursive MCQ) – both statements were wrong
6) Sales Quantity Mix Variance (Calculation MCQ) – $37..(F) correct
7) Sales planning variance (Calculation MCQ) – $12000 (A) correct
8) Calculation MCQ – P1, P3, P2 correct order
9) Lifecycle costing (Discursive MCQ) (i & iii) correct
10) (Discursive MCQ ) -Transaction processing system (TPS) was correct; but the other statement was wrong as it was representing ERPS & not EIS
11) Current ratio/Quick ratio (Discursive MCQ) – Statement (ii) was correct only
12) ROCE (Calculation MCQ)- Asset turnover x Operating profit margin
13) External information (Discursive MCQ) – Option C was correct ending with competition
14) Throughput Accounting (Discursive MCQ) – Statement (i) was correct
15) CVP analysis multi-products (Discursive MCQ) – Statement concerning apportionment of overheads was not correct, all others were correct
16) Shadow price (Calculation & Discursive MCQ) – I did Option B, Statement (i) correct only (I’m not sure if I did it right)
17) Minimax Regret table MCQ – Option C (375)
18) Learning curves (Discursive MCQ) – I panicked here a bit and did all of the above which I am sure is wrong
19) Environmental Accounting (Discursive MCQ) – Option A
20) Return on Investment (ROI) – (Calculation MCQ) – Option B (I could be wrong as it was bit tricky)
My answers could be wrong, thank u opentuition 🙂
Except 3-4 Mcq’s all matches by mine !!!
Danny, I put all but 5 answers the same as you – at least I think I did. Just gone through the paper and reworked them all out but I can’t be 100% sure that what I get now is what I put in the exam unfortunately as most of them didn’t jump out at me after a couple of weeks gap.
Only ones I have different to you (using your numbers above):
9. LC costing – I had iii) only as being correct as I don’t see LC costing as focussing short-term since it has to take whole life into consideration.
11. Current/Quick ratio – This one I can’t for the life of me remember what I put and I’m not quite sure now so I’m going to assume that I’m wrong!!
16. Shadow price – I had i) and iv) as correct
18. Learning curve – had none of the above – rate faster than expected and all the options were reasons for a slower rate.
20. ROI – I’ve just worked out A 27.59% but not sure that’s what I put or whether it’s correct.
Hoping John will put up suggested answers but may still be a little in the dark due to not being sure what I actually put in the exam.
Strangely these are exactly ones which were different for me too..
@jenny3549 said:
Danny, I put all but 5 answers the same as you – at least I think I did. Just gone through the paper and reworked them all out but I can’t be 100% sure that what I get now is what I put in the exam unfortunately as most of them didn’t jump out at me after a couple of weeks gap.Only ones I have different to you (using your numbers above):
9. LC costing – I had iii) only as being correct as I don’t see LC costing as focussing short-term since it has to take whole life into consideration.
11. Current/Quick ratio – This one I can’t for the life of me remember what I put and I’m not quite sure now so I’m going to assume that I’m wrong!!
16. Shadow price – I had i) and iv) as correct
18. Learning curve – had none of the above – rate faster than expected and all the options were reasons for a slower rate.
20. ROI – I’ve just worked out A 27.59% but not sure that’s what I put or whether it’s correct.
Hoping John will put up suggested answers but may still be a little in the dark due to not being sure what I actually put in the exam.
I totally agree with what you are saying about not remembering what you wrote down, I have similar to answers to you I believe. Will see what I get in August I guess. Thank you for that.
f5 june 2015 part A mcq question has uploaded….. pls give the suggested answers………..
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