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Grave mistake in paper F5

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › Grave mistake in paper F5

  • This topic has 3 replies, 3 voices, and was last updated 11 years ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
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  • June 8, 2014 at 1:10 pm #175186
    olanrewaju
    Member
    • Topics: 16
    • Replies: 75
    • ☆☆

    I just realised that I misinterpreted the “variable cost” in question 4A. I used $12*100,000 plus $11 * the units above 100,000, instead of using just $11 for all units where production is above 100,000 units. Do u think I will get any marks in question 4A,4B and 4C…I have been having sleepless nights as a result of this. Kindly reply

    June 8, 2014 at 1:32 pm #175188
    seagoat
    Member
    • Topics: 22
    • Replies: 575
    • ☆☆☆☆

    As far as i know you are only penalised once for mistake. ACCA introduces method marking scheme. If the wrong figure is correctly used in further calculations u still have some credit.

    June 8, 2014 at 2:54 pm #175210
    olanrewaju
    Member
    • Topics: 16
    • Replies: 75
    • ☆☆

    Thank you so much….Thank God I found this site!

    June 9, 2014 at 7:58 am #175319
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54705
    • ☆☆☆☆☆

    olanrewaju: seagoat is correct – you do not lose marks twice for the same mistake.

    seagoat: thank you for answering, but please do not answer in this forum – it is Ask the Tutor and you are not the tutor 🙂

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