Forums › ACCA Forums › ACCA PM Performance Management Forums › *** F5 June 2015 Exam was.. Instant Poll and comments ***
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- June 1, 2015 at 7:07 pm #251615
I have never tricked in other F modules6 to 9 but F5 .Q4 and Q5 was unexpected but simple
June 1, 2015 at 7:10 pm #251616The Question of Pricing I did not do part and transfer pricing i ran out of time…..All the others were ok….I pray to God i pass this EXAM….Thank John you helped me through this paper I will keep you posted on my results.
For multiple choice wow I went blank on RI and ROI like could not remember anything I had a senior moment…………lol
June 1, 2015 at 7:10 pm #251617Hey guys dis s so frustrating transfer pricing wsnt bad but stupid me i mixed the external units with the transfer units, i hope de examiner will see wat i wrote bcos i corrected de Q under pressure. Anyway the mcq ws fyn really i also think de mcq eased the time pressure though i ddnt attempt question 3 i wish i ddnt attempt Q4 but anyway thnx you 4 your questions and Jonh what a great tutor
June 1, 2015 at 7:13 pm #251618@naila1994 said:
Does anyone know when Acca will release the question paper on their website?Hopefully tomorrow or at the end of the week the latest. .
June 1, 2015 at 7:13 pm #251619@maglad said:
Hey guys dis s so frustrating transfer pricing wsnt bad but stupid me i mixed the external units with the transfer units, i hope de examiner will see wat i wrote bcos i corrected de Q under pressure. Anyway the mcq ws fyn really i also think de mcq eased the time pressure though i ddnt attempt question 3 i wish i ddnt attempt Q4 but anyway thnx you 4 your questions and Jonh what a great tutorWhat did u wrote for transfer pricing? and what was your transfer price?
June 1, 2015 at 7:16 pm #251620Hi, should the ROI be calculated using the gross profit or the operating net profit times the asset turnover? That’s one of the mcqs
June 1, 2015 at 7:18 pm #251621My BC was 21, fix cost 800000. Profit 20 mil something
June 1, 2015 at 7:19 pm #251623Vc*
June 1, 2015 at 7:23 pm #251625@ Naila normally question papers r released de following week iff im right
June 1, 2015 at 7:26 pm #251627It was a easy question but i did’t answer well 🙁
The 2nd and the 1st question was little tricky. This two killed my valuable time. Don’t know what gonna happen. My pass depends on MCQ. 🙁 🙁 🙁June 1, 2015 at 7:30 pm #251629@ Bryan u wr given profit margin and asset turnover so u hd 2 multiply those 2 get ROCE
June 1, 2015 at 7:36 pm #251632Hi Gladys, we were given both gross profit margin and operating net profit margin so was not 100% sure but having googled it just now the ROI should be calculated using the operating net profit margin times the asset turnover. Agree?
June 1, 2015 at 7:39 pm #251634Roi net profit×asset turnover
June 1, 2015 at 7:50 pm #251644Hi, question said company policy may change so to max profit as a whole the variable cost should only be the price charged to division S and 500 bought from the external supplier, correct?
June 1, 2015 at 8:01 pm #251649@jarekw85 said:
Fixed cost were 800’000 USD – I got them by high- low method from the total overheads, then the variable o/h were as far as I remember 3$ per unit. Overall profit very high, 23mln contribution minus 800k USD fixed costs. Looks should be all right 🙂Yes I got the same as you using Hi Lo method. $3 variable cost & $800,000 fixed.
June 1, 2015 at 8:05 pm #251653AnonymousInactive- Topics: 0
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Truly, the exam was fair….all areas were covered except financial/non financial performance management… I our invigilator upset us and I dont know how to complain this to ACCA Admin…..I told us to start after 30minute gone….and We asked him to allow for extension but refused…it became take it or leave it!!!!!!!!!!!
My expectation is high…I have done, all parts except Question three on variance analysis which I did partly….. The ABC question was big but okey…i concluded that ABC is the best approach for the Company,,,,,
q2, pricing was okey….got variable 3/unit and 800K Fixed cost….optimum price calculated was $156.5 AND quantity demanded was 153500 units…then used all this to find total profit=$ 22,762250. part C of q2….Market skimming…after much detail concluded that its okey tO adopt because the product was new and innovative and company can charge high prices and carry out strong market campaign to boost the sales and convince customers that product is worthwhile though the demand was 2/2000 elastic…..
question 5– ZBB was okey…and mostly got the idea of telling benefits and limitations of ZBB linking it to the sceneria.
Transfer pricing was tricky…..after explaining the approach of transfer pricing I said that division M should supply 30000 units to Division S because division M had only 30000 for external and external is more beneficial for her, therefore sell 30000unts to external, 30000units to Division S and then S can get the 5000 units remaining from external…. the price that should be set between divisions should be the marginal cost of division M less internal selling cost which was $740(770-30) and market price of $800 that S can get else where…..
Question 4- labour variance—- efficiency planning variance— Original (460*7*12)-revised(2.756H*460units *12)=$23426.88F and labour operational variance= revised(2.756H *$12*460-1860H*$12)=$7107A…… the part b did not worked, because of time……
June 1, 2015 at 8:09 pm #251656Yes, i also did overall profit using the quantity that we were asked to work out.
June 1, 2015 at 8:10 pm #251657AnonymousInactive- Topics: 0
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Yes brain you are right…each division would want to maximize profit so Division M will sell 30000 to external and 30000 to S, so that S can get the remaining 5000 from else where….I tried to calculate the effect on this to the group but could not because Divison S selling price was not told and hence though the question should be discesive rather numeric….. and the ltranfer price should be set should be between $740 to $800
June 1, 2015 at 8:12 pm #251658Yes my profit was also 20.8 million something like that..
June 1, 2015 at 8:15 pm #251659Exactly same for me.
June 1, 2015 at 8:36 pm #251666Hi All,
Found this paper to be well prepared,however,I needed to put in more work.Transfer pricing is by far the most challenging.The worst thing is to realise you changed your right answer.**Headache**…Does ACCA go through crossed out workings???Feeling so depressed right now….
June 1, 2015 at 8:38 pm #251668for me at Q1(ABC) one of procedure’s ABC cost is higher then the original, and the other’s is lower than the original cost.
June 1, 2015 at 8:39 pm #251669Hi
I think paper was fair.
For transfer pricing the right answer was to transfer motor to s at 30000 x800 and sell externally at 30000 x 850.
Division s was allowed to purchase 30000 at 800 from M and 5000 at 800 from market.For q 4 fixed cost was 800000 and variable cost was 21.
Can any one confirm that on question 3 labour effect on timin was given for 1000 unit but only only 450 was made so what was the solution to that.
June 1, 2015 at 8:44 pm #251670I totally messed up my ABC question by changing it…..But for my answer which i was confident with but crossed outtttt….*screams*,my ABC results for both companies were lower than original…so i stated the company should go with ABC.
June 1, 2015 at 9:00 pm #251678Q1. The costs under both systems were close so adopting ABC may not be worth it. However, they could go ahead and adopt for other merits of ABC but based on the calculations,NO.
Q2. First 30,000 units will be at V.C plus opportunity cost minus cost saved. V.C was 770(I think), opportunity cost, 0 as there was spare capacity and cost saved 30. I then did a little profit statement. However,profit could be maximized if each division is allowed autonomy. Division M will sell at full market price of 800(I believe), and Division S will have a cost savings of 50.
Q3. Don’t remember now
Q4. Revised rate was 2.45 based on average hour for 1,000 units.
Implications of not considering the learning effect are 1. Standard/budgeted hour for labor will be higher than normal. 2. The price of the product (which is based on material and labor will be high. 3. There will always be a huge adverse labor efficiency variance. 4. There will always be a huge overhead efficiency variance if overhead is labour hours driven. 5. The negative variances would lead to de motivation. - AuthorPosts
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