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 12, 2016 at 12:23 am #305899
hi guys .m thinking to take f5 and f6 in june..how long i should require to prepare these two? is it possible to prepare both in 3 months???
March 12, 2016 at 2:43 am #305917Hi I did F4 and F5 this quarter.. Even considering the fact that F4 was CBE, I was really struggling to find time to prepare for F5 properly.. I passed F4, but I am really unsure about F5.. I do not think that doing two exams per quarter is a good idea, especially if you work full time. Have you seen the size of F6 book?
Unless you can do it full time I would not risk it…
March 12, 2016 at 8:01 am #305957Hello what book and resources did you use for f4 and f5? Im planning to do f4 soon
March 12, 2016 at 11:23 am #306006Learning curve MCQ:
A product takes 10 minutes to make on first attempt but has a learning rate of 80%.
It is estimated that the learning rate will apply for the first 100 attempts then the time per unit will remain constant. Calculate the amount of time it will take to produce each unit after the first 100 attempts.Average time per unit to make 100 units is 2.27 (2 dp)
Average time per unit to make 99 units is 2.27 (2 do)
Therefore the answer must be 0.1 mins per unit
March 12, 2016 at 6:10 pm #306071@aliwright said:
How did you study and what materials did you use?I used the Kaplan studying materials and watched the OT lectures. I also used the BPP exam kit
March 12, 2016 at 7:32 pm #306081ROI must have been simple but this is much of finacial accounting .how you calculate accounting profit. The patent have to be armotised baesd on expected production with the year where units were more taking the bigger part. Not sure about the relevant and irrelavant costs. but there were tricks to this question. But on average this is much of financial accounting
March 13, 2016 at 8:14 am #306130Hi, how about Lost contribution? Should it be added as the whole cost of life cicle?
March 13, 2016 at 10:46 am #306158I added but I think it was wrong, life cycle doesnt deal with lost contributions.
March 13, 2016 at 9:17 pm #306240I did the same in Q1. Is it not correct?
March 14, 2016 at 4:43 am #306267Multiple Choice
1-a
2-a
3-c
4-a
5-d
6-c
7-b
8-c
9-d
10-b
11-a
12-c
13-b
14-d
15-c
16-d
17-d
18-c
19-c
20-cMarch 14, 2016 at 1:33 pm #306337Hello
Did anyone got Total profit of $4710 for years 0 , 1 , 2 in life cycle ?I got 39 to 40 % ROI .. Please come up with ur answer
thnksMarch 14, 2016 at 1:42 pm #306339@aliwright said:
What is the section of the site called ?Hi there,
It was on one of their technical articles I believe.
March 14, 2016 at 4:11 pm #306352QUESTION 2 HOW DID THE LAWYER FEE ADDED WITH LIFE CYCLE COSTING
March 15, 2016 at 9:21 pm #306531Can someone please explain their reasons for dividing $42 per hour standard labour by 3 hours for the labour question (Q5)? The formula for labour rate planning variance is (standard wage rate – revised wage rate) x actual labour hours used; so why divide $42 by 3 hours? 3 hours were used in total to make one pair of shoe.
My answer for labour rate planning variance was ($42 – $42.84) x 37000 total hours used = $31080A
March 15, 2016 at 11:52 pm #306541@shoj said:
Can someone please explain their reasons for dividing $42 per hour standard labour by 3 hours for the labour question (Q5)? The formula for labour rate planning variance is (standard wage rate – revised wage rate) x actual labour hours used; so why divide $42 by 3 hours? 3 hours were used in total to make one pair of shoe.My answer for labour rate planning variance was ($42 – $42.84) x 37000 total hours used = $31080A
You have to divide $42 by 3 hours to obtain the hourly rate of pay. If it costs $42 for 3 hours work, then it will take $14 for 1 hour, and this $14 figure is the hourly rate which will need to be used.
From what I understand of variances, you will have to use the hourly pay rate in the formulas for labour variances, so it is the rate per hour, not per unit.The hourly pay rate is the “wage rate” which is to be used in the formula you have mentioned.
March 16, 2016 at 6:14 am #306552@shoj said:
Can someone please explain their reasons for dividing $42 per hour standard labour by 3 hours for the labour question (Q5)? The formula for labour rate planning variance is (standard wage rate – revised wage rate) x actual labour hours used; so why divide $42 by 3 hours? 3 hours were used in total to make one pair of shoe.My answer for labour rate planning variance was ($42 – $42.84) x 37000 total hours used = $31080A
@Shoj. I did exactly the same thing you did throughout my variance workings and everything was Perfect! but somehow dividing by 3 actually seems right however our answers just might score half marks for knowing the technique at least. it sucks realizing it now but lets keep our fingers crossed.March 16, 2016 at 6:28 am #306554AnonymousInactive- Topics: 0
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the question gave you the rate per hour which is $42. so why do you have to divide it by again to get $14?
March 16, 2016 at 8:37 am #306566Was it per hour? If so, it is a relief. I took it per hour and didn’t divide by 3. But if it was per unit, sure, it should have been divided.
March 16, 2016 at 10:35 am #306635Trust, it was on a per hour basis. Questions would always give you a standard rate per hour. This is what is bewildering, the fact that some people have divided it by 3 hours. I can only assume some people did this because one of the past papers was done in this manner (DEC 2012 Q2); but this was done on a per batch basis. However, I can clearly remember that each pair of shoe took labour of $42 per hour. This was not the labour cost for 3 hours, otherwise yes you would have to divide it by 3 hours to get the standard rate per hour.
March 16, 2016 at 11:39 am #306644@shoj said:
Trust, it was on a per hour basis. Questions would always give you a standard rate per hour. This is what is bewildering, the fact that some people have divided it by 3 hours. I can only assume some people did this because one of the past papers was done in this manner (DEC 2012 Q2); but this was done on a per batch basis. However, I can clearly remember that each pair of shoe took labour of $42 per hour. This was not the labour cost for 3 hours, otherwise yes you would have to divide it by 3 hours to get the standard rate per hour.The question did not give you the per rate hour… It have you the standard cost of Labour. It took 3 hrs and the standard cost was 42.
Standard cost = hours * rate
In variances the formula is
Efficiency = actual units * standard hours per unit…in this case it was 3
Rate = actual hours * standard rate
It is not Times the actual cost per unit. You use the standard cost to find the overall variance…however that variance can be evaluated into separate componentsLabour efficiency + Labour rate
March 16, 2016 at 12:14 pm #306542@sapphire16 said:
You have to divide $42 by 3 hours to obtain the hourly rate of pay. If it costs $42 for 3 hours work, then it will take $14 for 1 hour, and this $14 figure is the hourly rate which will need to be used.From what I understand of variances, you will have to use the hourly pay rate in the formulas for labour variances, so it is the rate per hour, not per unit.The hourly pay rate is the “wage rate” which is to be used in the formula you have mentioned.
@sapphire16 said:
You have to divide $42 by 3 hours to obtain the hourly rate of pay. If it costs $42 for 3 hours work, then it will take $14 for 1 hour, and this $14 figure is the hourly rate which will need to be used.From what I understand of variances, you will have to use the hourly pay rate in the formulas for labour variances, so it is the rate per hour, not per unit.The hourly pay rate is the “wage rate” which is to be used in the formula you have mentioned.
Like what Saph said, the standard labour rate should be used not the standard cost of labour.
March 16, 2016 at 12:17 pm #306654AnonymousInactive- Topics: 0
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similar question can be found in kaplan chapter 10 test your understanding 10. THERE IS NO NEED TO DIVIDE IT BY 3 AS IT WAS STATED IN THE QUESTION THAT THE STANDARD RATE PER HOUR IS 42. if not then how come when i finished with the operational and planning variance they added up to the labour rate and efficiency variance in A?
March 16, 2016 at 12:33 pm #306655It did not say standard rate was 42.. it said standard Cost was 42 . Those are two very different things.
March 16, 2016 at 12:57 pm #306660AnonymousInactive- Topics: 0
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it was standard rate not standard cost
March 16, 2016 at 1:01 pm #306661AnonymousInactive- Topics: 0
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this is the question…….
original standards were labour rate was $42/ hour and each pair took 3hours to make 12000pairs therefore in total 36000 hours were budgeted for and actual pairs being 12600 pairs for 37000 hours. the efficiency variance, the standard hours would be found by finding out how many hours 12600 pairs would have taken. i.e ((12600x3hrs/pair) and comparing it with actual 37000hrs)) x std rate $42/hour. - AuthorPosts
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