*** F5 September 2015 Exam was.. Instant Poll and comments ***

I agree with you all, F5 paper focused on cringe topics would you agree?

10 marks on TVM (3 E’s) like not being funny but this was not covered with college provider. Section A and B were alot trickier than past sitting and specimen paper.

Definitely think I be retaking in December which is not ideal.

If anyone sat the exam at Tottenham Hotspurs why were students allowed to eat chocolates during the exam, it strictly said NO FOOD IN EXAM HALL !!

Good luck to everyone.

@yuemin said:
Can you remember what’s your contribution?

Hi,

This question was terrible. It made no sense to me but my contribution was £3.20 or £3.40 I can quite remember anymore but I had picked 600!

can anyone tell exactly which topics were tested in the paper? plz tell me….

@umerr786 said:
Looks like pass rates for ACCA are falling because ACCA are experimenting too much and making exams harder to pass, perhaps they need more retake fees. No wonder a lot more people are choosing CIMA now in UK. At my work place CIMA/ACCA split is like 75/25, and this is surprising because I work in a bank in London. We regularly get CIMA reps coming in giving presentations and nearly all new starters at my work are choosing CIMA.

And more for ICAEW.

@johnmoffat said:
The ACCA announced after the June exams that they will no longer be publishing either the exam questions or the answers. Without the questions we cannot provide suggested answers.

Sadly I wrote me all answers as flowing l think like last December after exam session finished opentuition was published the all suggested answers.
These my answers :-
1-C 6-A 11-B 16-B
2-D 7- A 12-A 17-B
3-A 8-B 13-B 18-A
4-C 9- D 14-C 19-C
5-D 10-C 15-D 20- B
I do not where can I checked that.
anyway thank you indeed John for your respond.

You are welcome

@jimbob1212 said:
For the variances question, what sort of answers did we have for part b? The performance of the company and sales manager?

I completely rushed this as I ran out of time.

My answer included planning being somewhat uncontrollable, operational being controllable.

I related it to part a) but my part a answers were wrong :(. Think I lost a lot of marks here.

I did a bit of basic maths percentages and concluded that the sales manager had done a very good job and the company as a whole was quite good. Very woolly.

@siknagudruole said:
Hi All,

I believe exam was a hard one and definitely examiner had a slightly different approach comparing to previous exams. MCQ- I was not sure about 5 questions including advantages of direct vs indirect input? Some mcq there really hard and took long time to get the answer.
MCQ
1-Got £1.02 ABC 0.12+direct cost of 0.90
-Relevant cost got £40 but should be £110 it’s in OT mcq chapter9 q5
-For the goods received notes question : Format check & sequence check
-For the level of information question : Both operational(Tactical should be long term over 5years)
-For motivation picked 2
-Accept both RI and ROI RI= profit 10K less 7.5 cost of investment=accept, ROI= was giving something like 13.3%
-For joint processing question: reject the first and reject the second
-which is MOST LIKELY” to be affected- Government
-On the selling price I got $20. 35-0,01(1500). Not so sure ever.

Part B:

Q1 Target Costing
A-Steps
B-Advantages and Disadvantages for cleaning company if adopted TC

Q2 Minimax regretion/Expected Value/Use of Probabilities

A)

Contribution per unit sold : $5.20 – $1.80 = $3.40
Construct payoff table for each possible daily demand and each possible daily supply

Demand- 500,550,600,650
Supplly
500
550
600
650

For example :
If supply is 500 and demand is 500 : contribution = (5.20 – 1.80) x 500 = $1,700
This amount is the same for demands of 550, 600, 650
Not sure but when supply is 600 and demand 500: 600*(5.20-1.80) less 100*1.80

B) Explanation of EV and adoption of probabilities by flower company

Q3
A- Overall satisfaction of bus company – no idea
B- Comments on directors view- made few points e.g. not enough info, just made up staff
C- Definition of Efficiency and effectiveness followed by one example

Q4
A- Weighted average contribution to sales ratio. Got 0.6092 or 60.92% I did exclude % of fixed labour when calculated contribution
B- Margin of safety in $
C- Draw a chart with not paper provided 🙂
D- Can’t remember Breakeven point?

Q5
A) Sales variances- redraft
Used two formulas
Sales Volume Variance (ASale – BSale)SProfit/unit
Sales Price Variance (APrice – SPrice)ASales

B) Assess companies and directors performance taking in to account what in country price decreased by 2% but market share increased by 5% and director has heavily invested in advertising.

I do not expect to pass F5 this time. ACCA is designed to be difficult and you should expect to be tested not only in the scenarios from revision kits but overall understanding of performance management, no blame to ACCA at all. This is why it’s well respected qualification.

awesome response, jogged my memory quite a bit.

For MCQ I think I disagree with you on quite a few aspects.

The ROI question meant that the ROI of the investment was LESS than the ROI of the division, therefore REJECT ROI, ACCEPT RI

The tactical decision was regarding future budgeting, Tactical is regarding anything for future which provides support to senior management.

Also for the $40 relavant costing, that’s a lot different to the question we had in the exam.

I can’t remember exactly the question but it mentioned that acquiring labour for the project immediately was unavailable because they had to strike, so we had to use our current labour.

Therefore using the current labour means we lose out a contribution of 10 hrs x $4 ($40), but we do not worry about their current wages because that is not a relavant cost.

I had $110 as relevant cost, but it just seems wrong and didn’t cross my mind during exam that labour was in employment anyway so they would be paid regardless, so the only relevant cost should be the lost contribution which is $40

hello guys is cvp chart same as break even? i drew a cvp chart with cummulative revenue as X axis and cummulative profit at Y axis. was i right?

This my third attempted I think fail also what I should do just leave F5 and I should try other papers like F7 or F8 or I should try F5 fourth time I’m really frustrated. last Lune I passed F6 by 73 scores in June 2015 but I was fail in F5 by 40 in December 2014 .

110$ in relevant cost is the right answer and end of story.

They were saying that workforce is working in full capacity so relevant cost in this case must include variable labour hour cost plus any associated variable overheads (weren`t mentioned so 0) and any contribution forgone.

If workforce was not working in full capacity than the labour cost wouldn`t be relevant if they are paid anyway.

All other information about strike were just distracting from getting the right answer.