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@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 InvestmentThe 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
The 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
Thanks, 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.
MCQ:
one was what is constraint if limiting factor is used:
wood,
labour,
inspection (i guess it was something else)
outputans. was output
MCQ:
One was which is constraint as per limitation factor:
wood
labour
inspection ( I guess it was something else)
Output (correct Ans.)Slight 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?
For 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.
On 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
Guess 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 adverseStarting 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 ($800k from my memory a year) and adjusted everything for inflation so I am hoping I get a couple of marks. For part (b) I talked about Dysfunctional behaviour, manipulation of profit and the superiority of RI over ROI.
I didn’t include any of the technology patents or whatever it was in life cycle costing because it said it was related to the new pair of shoes so I was assuming all costs to do with the pair of shoes they were asking about that had a 2 year life cycle.
Question 1 was awful but still wrote 4 batches so hoping to get 1 or 2 marks there.
MCQ – made a few silly mistakes.
Praying that we have nice markers.
I spent so much time revising ABC, TPAR, Linear Programming, CVP graphs, Learning Curve and none of it came up in section B.
@christa316 said:
I got 150I got 150 too.
Did the EV of each line and chose the one with the most profit.
Then the EV of the highest profit amount on each line.
Took the difference and it was 150.
Haven’t a clue if it is correct or not.
what was the answer for the MCQ on budgeting that was changed 9 months later with 3 months of the year remaining, was it forward control?
Agreed! I went with 4 batches as well. Life cycle costing was really easy. But which marketing cost you have used? ROI was ok. Variance was a disaster. \i have suggested 3 balanced score card for WSB one for customer service, management division got one and one for maintenance department.
In 5c-assess performance of production manager- my answer was the performance was bad cause he did not update the accountant on the changes in standard cost and something else….
I would say question 3 , 4, 5 where pretty easy.
question 3 was life cycle costing
4 balance score card explanation and application to the question (1 goal, 1 measure, and reason)
5 straight forward operational and planning variance with tricky numbers. (Labour per pair of shoes 42$. 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.
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