Forums › ACCA Forums › ACCA PM Performance Management Forums › *** F5 March 2016 Exam was.. Instant Poll and comments ***
- This topic has 212 replies, 71 voices, and was last updated 8 years ago by stelababy.
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- March 9, 2016 at 9:19 pm #304972
@yashikmaharaj@gmail.com said:
What was all the sections tested in the written parts of the questions, Life Cycle Costing, Balanced Scorecard, and which others?– Pricing (non-algebraic method)
– Labour variances (planning and operational)
– Return on InvestmentMarch 9, 2016 at 9:19 pm #304973I got price of PI as 1500? Can’t remember the calcs now but deffo got 1500
March 9, 2016 at 9:19 pm #304974I got 150
March 9, 2016 at 9:20 pm #304975The question on choosing to make / buy E or G ? When it says attributable fixed cost would that mean they are included? Usually fixed cost are not relevant but if they can be attributable to the product would they? I think I answered E only but can’t remember
March 9, 2016 at 9:22 pm #304976I got E only too
Outsourcing ended up cheaper than making internally
March 9, 2016 at 9:22 pm #304977What did everyone get for the ABC MCQ? I chose the $ 74 option
March 9, 2016 at 9:25 pm #304979The formula for Average Capital Employed is
NBV at the Beginning – Which was the closing Capital Employed
Then NBV at the ending
(New Investment – Depreciation) +(Closing Capital Employed – 1,250,000) = Total
Total/2
That would be the average
March 9, 2016 at 9:33 pm #304986Thanks, I definitely got that calculation very wrong, was not familiar with the way it was given in the question, but think I pulled some marks back in the wordy bit.
March 9, 2016 at 9:38 pm #304886MCQ:
one was what is constraint if limiting factor is used:
wood,
labour,
inspection (i guess it was something else)
outputans. was output
March 9, 2016 at 9:38 pm #304889MCQ:
One was which is constraint as per limitation factor:
wood
labour
inspection ( I guess it was something else)
Output (correct Ans.)March 9, 2016 at 9:38 pm #304984Slight Off-Topic, (but exam related), I wondered if anyone could answer my query.
Today was my first sitting of an ACCA exam, and I understand that on the front sheet of the answer booklet, you have to tick which questions you attempted in Section B (There were 5).
I attempted all 5 questions, but I forgot to tick them on the front sheet to say I attempted them.
My answer booklet has rough workings on the first few pages for MCQs (which I later crossed out), and I then started each Section B Question on a new page, and shaded in the relevant bubble at the top of the page.
It might be a silly question, but will there be any problems recording my marks/marking in general for Section B if I didn’t confirm my question attempts on the front sheet, with my answers not seen until a few pages in?
March 9, 2016 at 9:51 pm #304997For the labour rate planning variance I compared the number of hours paid at $14 per hour with the revised rate of $14.28 and recorded an adverse variance of $0.28 x the number of hours worked (can’t remember the number of hours)
Labour rate operational variance was favourable because the actual rate paid was lower than the revised rate but overall the variance was adverse.
The labour efficiency was adverse for planning but favourable for operational, the total labour efficiency was favourable which was remarkable given the additional time it was supposed to take for the new design.
March 9, 2016 at 9:57 pm #305000On the learning curve question I originally put 2.37 but changed it because they were asking how long it will take to make each product going forward (not the average time per unit for the 100) , ie after the 100th onwards. I figured at this point the time taken would have drastically reduced per unit but I couldn’t get the formula working to calculate it so guessed at 1.57 or something like that
March 9, 2016 at 10:02 pm #305001Guess mine ended up wrong since my overall Labour efficiency budgeted vs actual was unfavourable due to the fact that budgeted and actual time was unfavourable
Planning – adverse
Operational – favourableFor Labour rate = overall unfavourable since the rate at the original stage was less than the actual rate at the end
Planning – adverse
Operational – small adverseMarch 9, 2016 at 10:39 pm #305015Starting to get really worried after reading this.
I thought I nailed the variance question but now a lot of you are saying you didn’t include overtime.
Isn’t the over time 0.25 hours x 1.25 x $14.28?
My answers were still:
Labour Rate Planning – A
Labour Rate Operational – F
Labour Efficiency Planning – A
Labour Efficiency Operational – FI also added up the labour rate planning and ops which gave me the total labour rate variance for part (a) and the same for labour efficiency.
I completely screwed up the ROI question – I got 18.9%. Got the depreciation correct ($800k from my memory a year) and adjusted everything for inflation so I am hoping I get a couple of marks. For part (b) I talked about Dysfunctional behaviour, manipulation of profit and the superiority of RI over ROI.
I didn’t include any of the technology patents or whatever it was in life cycle costing because it said it was related to the new pair of shoes so I was assuming all costs to do with the pair of shoes they were asking about that had a 2 year life cycle.
Question 1 was awful but still wrote 4 batches so hoping to get 1 or 2 marks there.
MCQ – made a few silly mistakes.
Praying that we have nice markers.
I spent so much time revising ABC, TPAR, Linear Programming, CVP graphs, Learning Curve and none of it came up in section B.
March 9, 2016 at 10:41 pm #305016@christa316 said:
I got 150I got 150 too.
Did the EV of each line and chose the one with the most profit.
Then the EV of the highest profit amount on each line.
Took the difference and it was 150.
Haven’t a clue if it is correct or not.
March 9, 2016 at 10:43 pm #305018It won’t be an issue, they will mark all your answers in the paper.
March 9, 2016 at 10:49 pm #305021what was the answer for the MCQ on budgeting that was changed 9 months later with 3 months of the year remaining, was it forward control?
March 9, 2016 at 11:04 pm #305026I choose FF control since they used forecasts
March 10, 2016 at 12:18 am #305044May be 1.52
March 10, 2016 at 12:20 am #305045what’s the answer for the perfect information question
March 10, 2016 at 12:29 am #305046Agreed! I went with 4 batches as well. Life cycle costing was really easy. But which marketing cost you have used? ROI was ok. Variance was a disaster. \i have suggested 3 balanced score card for WSB one for customer service, management division got one and one for maintenance department.
March 10, 2016 at 12:30 am #305047In 5c-assess performance of production manager- my answer was the performance was bad cause he did not update the accountant on the changes in standard cost and something else….
March 10, 2016 at 12:44 am #305048I would say question 3 , 4, 5 where pretty easy.
question 3 was life cycle costing
4 balance score card explanation and application to the question (1 goal, 1 measure, and reason)
5 straight forward operational and planning variance with tricky numbers. (Labour per pair of shoes 42$. one pair took 3 hours ). Then access manager’s performance.Overall question 1 took more of my time. I had no clue what was going on there for a while. Question 2 what the inflation and depreciation needed a bit of focus.
March 10, 2016 at 12:46 am #305049Damn! you have all the multiple choice answers crammed ! plus numbers from written section. With such memory you should hit a perfect score in the exam!
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