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How did u calculate the mcq when u were given the budget sales and market share and then told inflation was incorrect and total market size was wrong. I think I chose £3.12 mil.
Customer:
Focuses on what potential and existing customer value in the firm’s goods/services
In this case SWB’sThe measurements I used: 1) Retention Rate 2) Market Share
Reason: Based on the scenario clients were leaving because they were dissatisfied with the SWB. This is a good indicator of how SWB has improved as it relates to keeping their clients
Market Share – % increase in market share
SWB had 20% of the market share. This meant there was room for improvement.
This would be a good indicator as to if the market share had increased from 20%Internal
This focuses on what the firm must excel at internally to achieve/meet customer and financial objectives
Measurement: Increase in the quality of customer service.
Clients were dissatisfied with the customer service being provided by SWB. Through additional surveys they would know if customers believed the customer service had improved.
Financial
This focuses on how the company creates value for it’s shareholders.
Measurement: % increase in Profit
The profit for SWB decreased by 5%. This measurement would show whether SWB was able to increase their profits
Learning & Growth
This focuses how how SWB can continue to grow/improve and create future value
Employee Satisfaction/Morale Index
Employees were complaining that they did not feel valued and they were satisfied.
Through employee surveys etc. SWB would know if the satisfaction of their employees have improved
Employee Turnover rate:
Some employees had left SWB because they were dissatisfied. This would show if SWB has improved as it relates to the number of employees leaving
@sapphire16 said:
I got exactly the same as you Christa! And I normally considet variances as one of my stronger topics. My main concern was not including overtime, but I’ve seen many people ignored that aswell.Either way, for such a big mark question, I’m sure we’ll get some.
I didn’t include it either. In my opinion we didnt get much information to confirm if there was actually overtime. we know none were idle… but there is a possibility that they had spare time before
@christa316 said:
I didn’t include it either. In my opinion we didnt get much information to confirm if there was actually overtime. we know none were idle… but there is a possibility that they had spare time beforeDont think ot or idle time is relevant
@kazcaiels said:
How did you guys work out ROI? I think i got 40 something % i cant remember exactly which sounds wrong as most of you got 30%, i did the net profit + return on investment + inflation over capital employed minus depreciation + new investment minus depreciation + inflation?Opening Net Book Value = Closing Capital
Ending = (Opening- 1,250,000) + (New Investment – 80k)
Average Capital Employed = (Opening + Ending)/2 = average capital employed
New Net Profit after accounting for inflation and new investment / Average Capital Employed = ROI after investment
@wingman0401 said:
Question 1 was one of the easiest for me, I think it was just saying that you couldn’t use an algebraic approach because the demand curve wasn’t linear. E.g. on one of the batches, the quantity demanded went up by 1,000 units and the price dropped by $3, whereas previously it had dropped by $2 and yet the same increase in demand happened.That’s the way I felt about it, anyway. Keen to hear others thoughts.
totally subscribe to this….
pls wat would be the effects of inflation on both the sales and costs : am refering to the ROI question. will it push sales down and do the opposite to costs… i think thats what i did… cnt remember now f6 took my memory on f5
Part 1 really hard, part 2 bit OK,let’s hope for the best, I’m sitting 3rd time F5, december15 exam I score 49,bad luck, wait and c this time, all the best guys.
I was repeating this time round after failing last September. Coming out of this exam I felt it was a pretty basic paper, nothing too testing.. the only thing is i felt like this last September and i only got 46%. Fingers crossed anyway!
MCQ ABC Question was a toughy!! i skipped it even though I am pretty comfortable with ABC.value of perfect information is $150. the difference between the expected value (500) and the value if they had all information (650)
@roryegan said:
I was repeating this time round after failing last September. Coming out of this exam I felt it was a pretty basic paper, nothing too testing.. the only thing is i felt like this last September and i only got 46%. Fingers crossed anyway!
MCQ ABC Question was a toughy!! i skipped it even though I am pretty comfortable with ABC.Do you recall any of your answers?
I got the 72. something answer for ABC?
They only gave us information for 2 overheads.
How did you come up with 91.25?
Hi all,
I wanted to ask, which subsequent paper do you recommend after sitting for f5, for june 2016 session? i only sitted for f5 paper to date
Also, the variance question.
Why would we not include overtime as it said 15 minutes were used for the shoes as the design has changed – isn’t that over time.
I got:
Labour Rate Planning – A
Labour Rate Operational – F
(The two added up to my answer for Total labour rate in part a)Labour Efficiency Planning – A
Labour Rate Operational – F
(The two added up to my answer for Total labour efficiency in part a)I am so confused as to whether overtime was relevant or not. Has anyone checked with their tutors?
@annian said:
Hi all,I wanted to ask, which subsequent paper do you recommend after sitting for f5, for june 2016 session? i only sitted for f5 paper to date
Hi, F5 was my first paper as I have exemptions, and I’m planning to begin my study to take F6 in June. In case I have to re-take F5, I heard that it’s a good combo with F5 and also I don’t mind going in order. But you can read the syllabuses of the remaining exams and see which one you feel most comfortable with to do next.
I thought overtime was mentioned just to justify why we had an adverse labor rate variance..
@jolitag said:
I thought overtime was mentioned just to justify why we had an adverse labor rate variance..Can you rem what got overall variances were?
And also your planning and operational variances?
I was thinking the amount was probably due to overtime
I think I had adverse rate and favourable efficiency.. but then broken down into planning and operational, both for the labour rate were adverse think about 13k in total or smth and adverse planning and favourable operational for efficiency.. the latter ones were quite a big amounts as well..
I dont think though that overtime rate was supposed to affect calculations in any way, I believe it was just something to mention when evaluating mangers performance..especially since the total cost for actual labor hours used was already given..
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What is the section of the site called ?
@wingman0401 said:
Taken from the ACCA site;“image and relationship costs: costs that, by their nature, are intangible, for example, the costs of preparing environmental reports.”
That to me reads as though relationship would be right but mine was a guess, anyway.
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How did you study and what materials did you use?
@saifoo786 said:
MCQ’s were hard as they were based mainly on the theoretical side of the syllabus. However, I found the number ones okay.Section B
Question 1-Llike everybody is saying it was to just calculate the profit by deducting the costs and it did state the equation could not be applied, so that gave me some confidence to continue this method, I got 4 batches to be the most profitable.
Question 2 – Lifecycle costing. I don’t quite recall what I did for the Patent cost for 10 years. I think I divided the figure by 10 and multiplied it by 2 also adding the renewal costs for each year. Lawyer’s fees was due to the product patent, so I did not deduct that either from the General Fixed costs. Advertising and Marketing was calculated by multiplying each figure with the probabilities and adding them together for both years.
Question 3 – My ROI was around 25%. I deducted dep’n from the expenses and used Net profit for my controllable profit because depreciation is not controllable by the manager. Part b was just explaining the reasons to why ROI is not a good divisional performance measure and reasons like it encourages sub optimal behaviour and managers are keen to keep ROI’s high whereas an investment in a project can be profitable for the business in the long term etc.
Question 4 – Balanced Scorecard. I was glad I practised a question like this on the Kaplan Exam kit and it went really well, the aim was to just read the scenario carefully and pick out any improvements the business could possibly make to improve their performance.
Question 5 – The labour rate variance was Adverse and Favourable for efficiency. After I pretty much messed up really, I don’t think I scored very well on the last question.
In part C, I added a few points like planning is not controllable and operational is and therefore the manager should be assessed fairly by only looking at the operational variance.
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