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@wingman0401 said:
What did everyone go with on the security of data?I said it was three of the four, excluding segregation of duties. In my mind, the more people that have access, the less safe it is…
That was my logic behind it anyway.
I went with that initially but crossed it out and went with just the first two, thinking that an internet usage policy isn’t a control as there is no control over it, it can simply guide people or coerce people into safer online usage. I hate ambiguous MCQs, at least in a written question you can justify your answer and argue your case…
I didn’t include the technology cost for LCC as this related to another product.
The question wanted the cost for two year period for the original pair of shoes or whatever?
Also, are fixed costs included?
I am pretty sure that Life Cycle Costing includes ALL the costs incurred during the product life cycle.
and ROI?? I got something around that the manager woulnt get it because although it was positive it was less than the figure that was in 2016
What about lost contribution in life cycle costing, should that have been included? I didn’t include it. Q5 was so hard!
i only did overall roi 36% with included the project. dint do for previous year because i thought it wasnt asked with or without???
so i just did with new project and it came 36%
What about relevant cost of contract? I calculated materials and variable cost in it and ended up with 18k and you?
For no. 5 – labour rate variance, did you have to do $42 / 3 hrs = $14 x 37000hrs??
For no.1 i chose 4 batches also = $14,400 profit.
For no.3 i included the opportunity cost since in LCC you have to include all the costs – but im not sure if i did it right..
Yes I calculated a Labour rate of 14. I also got both adverse overall with one favourable Labour efficiency and unfavourable Labour rate for the operational and both unfavourable at planning
What did you get for ROI
I dont remember must since we had to assess the performance ..mine operational came both favourable i think..but the first labour rate came adverse and i mentioned that he employed highly skilled workforce which resulted in adverse rate but then compensated for the efficiency which was favourable… Roi i dont remember:( but i did include depreciation in my working = 4200-200/5 yrs
@pslana2015 said:
My ROI 2016 was 23%, in 2017 it was 22%.Yes I think it was sth like but 2017 was lower at least for me 🙂
@christa316 said:
Yes I calculated a Labour rate of 14. I also got both adverse overall with one favourable Labour efficiency and unfavourable Labour rate for the operational and both unfavourable at planningWhat did you get for ROI
For me both were favorable because I consider 12,600 so then u got like top consider the increase of 15 mins then it was the increase in the salary so it was 42.84 which was lower than the 39k they mentioned i think the vcariance was for 31k
@christa316 said:
Yes I calculated a Labour rate of 14. I also got both adverse overall with one favourable Labour efficiency and unfavourable Labour rate for the operational and both unfavourable at planningWhat did you get for ROI
Yes I think it was sth like but 2017 was lower at least for me 🙂
@nickg2004 said:
I only attributed one years renewal as it would only have had to have been renewed once in 2 yearsI did this too:
Start of year one: patens cost
Start of year two: renewal cost
Start of year 3: renewal due but not relevant for the product@wingman0401 said:
What did everyone go with on the security of data?I said it was three of the four, excluding segregation of duties. In my mind, the more people that have access, the less safe it is…
That was my logic behind it anyway.
Yes, agreed. That was one of my bankers 🙂
@wingman0401 said:
That was almost my thinking, too. I suppose internet usage sounds rather silly now…My thinking was that without an internet usage policy the company opens itself up to the threat of virus but I’m not so sure now
@pslana2015 said:
What about relevant cost of contract? I calculated materials and variable cost in it and ended up with 18k and you?I also picked the option with 18k, as I didn’t include the labour costs and I didn’t do anything with the supervisor’s costs.
@christa316 said:
Yes I calculated a Labour rate of 14. I also got both adverse overall with one favourable Labour efficiency and unfavourable Labour rate for the operational and both unfavourable at planningWhat did you get for ROI
I got the same labour rate of 14. For the labour rate variances did you get a revised rate of $14.28? (2% increase). I also got revised labour hours of 3.25, so both my planning variances (for rate and efficiency) were adverse.
Do you remember what comments you put about the manager performance? I sort of rushed my answer but I referred to the planning variances not being the manager’s responsibility, and that they should get credit for a favourable operational efficiency variance.
What was all the sections tested in the written parts of the questions, Life Cycle Costing, Balanced Scorecard, and which others?
Q1 -4 batches -14400 profit
Q2- ROI in 2017 36% but not sure if didnt mess up with the depreciation
Q3- i Included all the cost except for 20k od the lawyer and 800k lost contribution, i thought it was more about the total life time cost of the PRODUCT rather than decision making.
Took into account 2 years x200k the patent cost- maybe incorrect not sure-never even thought about it… The total profit was 1650000 i think so very low considering 34milion revenue- IF taking into account lost contribution it would be even less – 850000. Not really sure od this question…
Q4- balance scorecard
Q5- total labour rate variance was adverse- budgeted rate was 14, revised 14.38, actual 14.28. Total efficiency variance was favourable. (Budgeted time was 3hours, 3.25 revised, actual 2.94). The planning rate variance was adverse-, operational was favourable, the planning efficiency was adverse and operational was very favourable! Unfortunately didnt have enough time to describe them. Not sure why the overtime rate was given- didnt use it so not sure if answered correctly.What was the price od perfect informacjom in mcq?
Yes please finally someone who has something similar
It went like this for me
Planning
The original was 14.00 * 37,000
The revised was 14.28 * 37,000
Operational
Revised was 14.28 * 37000
Actual Labour (cant remember)
For the rate I got a small adverse rate of 3 something
For the efficiency = (Budgeted – Actual) = Overall Adverse
The operational variance was however favourable – I think I got 20 something
I put the Manager did well since this means the average time per unit was less than the revised rate of 3.25.
I also put despite the large labour rate variance the operational variance was small and this could have been attributed to overtime but we need further information to evaluate the overtime variance since it could be a possibility that the adverse variance at the labour rate was due to extra time workers had spend to meet demand and also because of the extra logo print. That could have been the cause of the overtime if the workers were already to capacity and then a portion if not all of the adverse variance was due to planning
Reading this makes me feel like I definitely failed! I could not answer question 1 so did lots of calculations of profit less Fc but for me 5 was coming out highest but I never actually answered how many batches I think they should make.Q2 I got profit of 1430 (?) for the 2 years. Q3 I, got 25% for original ROI but didn’t know how to average capital employed so added inflation, I also added depreciation as they said it wasn’t adjusted for, and took a guess of net profit over the investment amount, but my ROI came up as 14% i didn’t even comment if the manager should take it or not as I missed that in the question! Definitely done badly on that, the depreciation and capital employed threw me off course.Balance scorecard was on one of the specimen papers on ACCA so I had briefly looked at it in revision and had a vague idea how to answer at least I could identify the 4 aspects. Question 5 I found easiest and think I answered fairly well. Overall I will be shocked if I pass; I focused a lot of attention on abc and throughput as I was sure they would come up, also linear equations and cvp I struggled with so much as these were my weak points and they never came up, very disappointed overall 🙁
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