*** F5 March 2016 Exam was.. Instant Poll and comments ***

Ok please. 90%+ of the people said it said standard Cost. I guess you and the other minority saw rate. Maybe you had a different paper. Best of luck on the results

@goddey90 said:
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?

My operational and planning variances added up to the variances in part A, and I used an hourly rate of $14. So I don’t think you can come to the conclusion that your answer is correct on this basis alone.

ohkkk….. we all have different answers bt its all good. we are all sharing ideas

I remember that I overran my time slightly on this questiom because I was trying to perfect my figures, with it being a big mark question and the written parts having to refer to the figures.

I checked the scenario and my figures more than once, and I’m very sure that the $42 was the standard cost for 3 hours work to make 1 unit of gloves. So my $14 rate per hour answer, is what I was confident with.

Whoever is right or wrong in this case, I’m sure we will all get marks for at least showing the right technique/formulas and the overall analysis.

Hi, I used $14 too.

But ran out of time and couldn’t really complete the question. I am pretty sure $14 is the correct amount to use.

I think the fixed cost not to be included in cal the life cycle cost.

I also got 5 batches for q1 using the tabular approach (SP – All cost ).