June 10 Exams POLL Paper F5 was Post your comments here — Page 3

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June 10 Exams POLL Paper F5 was Post your comments here poll results

June 10 Exams POLL Paper F5 was Post your comments here poll results

Former user16y ago#61

hey guys, actually found it ok but on question 4 did people just calculate the marginal cost plus 40% in part a.....then in part b calculate the total cost including fixed plus 10%? this one confused moi.............

Former user16y ago#62

The paper was fair indeed - I don't think we shall ever see an easier exam for F5!!!

Former user16y ago#63

my shadow prices wer 24 and 8!

for materials, making w was more benificial as it was miking more cntribution per unit of material i.e 48/2 > 40/2, so more w shud b produced. by 1 unit of material, 0.5 w could b manudactured, giving a contributn of 24 i.e 48 x 0.5. so shadw price of material is 24.

for labor, making L was more benificial as contributn per limiting factr was higher fr L i.e 40/5 > 48/7. by 1 hour of labour, additional 0.2 units of l could b produced giving a contributn of 8 i.e 40 x 0.2! so shadw price of labur is 8!

i think detaild calculatn was req fr 6 marks, and i hope my is correct!

for part c, 300 additional hours wer required!

Former user16y ago#64

my shadow price was 10 for fabric and 4 for tailor hr

Ggriffith16y ago#65

i also found taht this paper was an okay one.time management was the key. let's hope the results relect what is being said. thanks OT.

Former user16y ago#66

there must have been a consensus to change the exams to be more theoretically based

Ggambler74716y ago#67

My paper was just very average but my preparation didnt really deserve anything much better I guess.

Q1 and 2 were really easy and I expect to score 35 marks in them and it's prolly necessary if I am to pass.

I did not do transfer pricing, so prolly wont get much at all in the theory parts of Q4 even though I still wrote whatever I felt appropriate. Q5 I think I got the first 2 parts right but really could not think about the last part, it was "manipulation" and not outright fraud and I couldnt really think about anything.

Q3 which I decided to attempt in the end was an outright disaster. I was only able to do the first part and I am not sure if I got it right, I forgot how to do simultaneous eQuations lmao but I think I may have got it right.

I think I did get about 70% of the paper pretty spot on but cant possibly be sure and getting 50 from it wont be easy, it's gonna be close, will prolly get somewhere fromn 45-55%.

Former user16y ago#68

@keeva said:
Hi! I think the exam was pretty easy... unfortunately, I didn't have enough time to study, but I hope to pass..
Ref. shadow pricing -- I hope I remember correctly the figures:
7W+5L = 3500
2W+2L = 1201 (if I calculate it for tailor's time)
Solve this, and obtain a shadow price of $4. Together with the normal rate of $1.5 it gives a total of $5.5, more in comparison with the tailor's offer....so...accept the offer! This was my answer....

Omg, i got the shadow price being $4. as well, but i said don't accept the offer because the normal rate times 3 which was $4.50 was more than the amount mgmt was willing to pay for an extra unit.

Former user16y ago#69

fail

Former user16y ago#70

hello everyone. can anybody tell me what question-2 asked? it was about "nails"
and calculating the cost and therefore marginal cost+pricing and full cost+pricing.
does anyone know what were all the parts?

and in question-1, while doing ABC, i used labour hours as the cost driver for property costs. is that correct?

as far as question-5 is concerned, i had no time left to complete it and therefore just did half of the first part :( ... rest all questions were just fine... i guess if i get enough marks in the varience, ABC and Linear Programming questions which went well for me, i will be able to get enough marks from (Nails-GC-EC) to pass this exam. may God help us all.

Former user16y ago#71

shorty20 said 2 hours, 16 minutes ago:
@keeva said:
Hi! I think the exam was pretty easy… unfortunately, I didn’t have enough time to study, but I hope to pass..
Ref. shadow pricing — I hope I remember correctly the figures:
7W+5L = 3500
2W+2L = 1201 (if I calculate it for tailor’s time)
Solve this, and obtain a shadow price of $4. Together with the normal rate of $1.5 it gives a total of $5.5, more in comparison with the tailor’s offer….so…accept the offer! This was my answer….

Omg, i got the shadow price being $4. as well, but i said don’t accept the offer because the normal rate times 3 which was $4.50 was more than the amount mgmt was willing to pay for an extra unit

I DID THE SAME THING U DID i.e, REJECT THE OFFER... but i did in a different way. i calculated the total cost for overtime. then i re-calcultated the contribution by adding extra hours. then i deducted the OLD contribution from the new one and the extra contribution was a little less then the costs incurred for overtime. I GUESS THIS WAS RIGHT TOO... :)

Former user16y ago#72

@keeva said:
Hi! I think the exam was pretty easy… unfortunately, I didn’t have enough time to study, but I hope to pass..
Ref. shadow pricing — I hope I remember correctly the figures:
7W+5L = 3500
2W+2L = 1201 (if I calculate it for tailor’s time)
Solve this, and obtain a shadow price of $4. Together with the normal rate of $1.5 it gives a total of $5.5, more in comparison with the tailor’s offer….so…accept the offer! This was my answer….

to me this doesn't make sense. maybe i'm wrong but can u or anyone explain a little if this is correct?

Former user16y ago#73

i think that mix and yield variance will 100% got...feel dissappoint...:(
however,i think f5 this time not very hard..i hope that for 50% also...==

Former user16y ago#74

my answer was to negociate the offer futher:
Because:
-normal overtime is only Time and a Half( normally).....
- further implication of acceptance is that labour will want similar are even higher OT rate
-Cs is a business( takes the risk of business) and therefore should reap majority of the benefits not labour

Former user16y ago#75

top marks to open tuition i can safely say that without this web site i prob would not have had a pray... if i pass these latest 3 ( and i think i will) that will make 5 course passes alll credited to OT... words do not do justice...

Former user16y ago#76

Wow... K, so before I read these comments, i thought the paper was great... NOW, I'm not too sure!!!! Eeeek

Former user16y ago#77

@lambyang` said:
i think that mix and yield variance will 100% got...feel dissappoint...:(
however,i think f5 this time not very hard..i hope that for 50% also...==

If there was only one material being used, how did you incorporate mix/yield variances??

Former user16y ago#78

all the questions were good except Q5 .I did'nt touch it because it was not understandable for me .

Former user16y ago#79

i think my question 1 ABC is wrong .
in traditional method i was calculated Overhead 400000/800 = 500 but i think correct answer was 400000/40000 = 4

also my ABC part wrong i am doing
superviser/visit 90000/500 = 180
planner /hours 70000/40000 = 1.75
property related/ document 240000/250 = 960
i think my part 1 was wrong,
but i dont know about part 2 any one help ?

Former user16y ago#80

Can someone please help on question 3? How was the maximum contribution worked out with no $amounts?

Former user16y ago#81

@crazylady511 said:
Can someone please help on question 3? How was the maximum contribution worked out with no $amounts?

Question 3
part 1 my answer was $ 26000
part 2 shadow price $ 10 and $ 4
part 3 i dont know

Former user16y ago#82

@navrozkaredia said:
Question 3
part 1 my answer was $ 26000
part 2 shadow price $ 10 and $ 4
part 3 i dont know

Just put w=200 to the equation 2w+2L=1200, you shall not use the other equation because is out of the region and you shall get L=400
can anyone tell me whether marginal cost include variable overhead or not?

Former user16y ago#83

@paullu618 said:
Just put w=200 to the equation 2w+2L=1200, you shall not use the other equation because is out of the region and you shall get L=400
can anyone tell me whether marginal cost include variable overhead or not?

this is part 4 and my part $ answer is 25600

Former user16y ago#84

Former user16y ago#85

@paullu618 said:
Just put w=200 to the equation 2w+2L=1200, you shall not use the other equation because is out of the region and you shall get L=400
can anyone tell me whether marginal cost include variable overhead or not?

I think you should use the contribution line on the diagram.
Then the Optimal point will become C if W is reduce to 200
Then use the 2 equation:
W<400
2w+2L=1200
then solve to get the anwer.

If I'm not wrong.
Overwhole the paper was ok and need a good time management.

Former user16y ago#86

@waqassahmedd said:
shorty20 said 2 hours, 16 minutes ago:
@keeva said:
Hi! I think the exam was pretty easy… unfortunately, I didn’t have enough time to study, but I hope to pass..
Ref. shadow pricing — I hope I remember correctly the figures:
7W+5L = 3500
2W+2L = 1201 (if I calculate it for tailor’s time)
Solve this, and obtain a shadow price of $4. Together with the normal rate of $1.5 it gives a total of $5.5, more in comparison with the tailor’s offer….so…accept the offer! This was my answer….

Omg, i got the shadow price being $4. as well, but i said don’t accept the offer because the normal rate times 3 which was $4.50 was more than the amount mgmt was willing to pay for an extra unit

I DID THE SAME THING U DID i.e, REJECT THE OFFER... but i did in a different way. i calculated the total cost for overtime. then i re-calcultated the contribution by adding extra hours. then i deducted the OLD contribution from the new one and the extra contribution was a little less then the costs incurred for overtime. I GUESS THIS WAS RIGHT TOO... :)

I did the exact same thing! Lets hope its right!

Aacltang7216y ago#87

I don't understand how people managed to get 2 shadow prices. Shadow price is the additional contribution earned from one additional unit of SCARCE resource. The scarce resource was the tailor time. For example you can't possibly use up the maximum fabric of 240 L suits because tailor time limits production to 200 L suits. (There is a slack of fabric so therefore no shadow price as it's not a scarce resource). Could be wrong, but that's what I did.

Also that contract offer of pay at 3 times should have been rejected. Calculate the contribution less the labour costs of the original and new contract and you should find that the new contract generates less contribution.

The question about the manager manipulating the company records was about budgetary bias and slack. Well that's what I assumed. I gave a definition and an example.

One thing I remember being stuck on was how can there possibly be 150 staff days in a quarter when there are only 90 days in a quarter (3 months x 30)....... I ignored the staff days and just used the normal days. But I'm sure I won't lose many marks if its wrong. I'm pretty sure I got target 2 and 3 right. For target 2 I got NIL bonus for quarter 1 only, and NIL bonus for quarter 1 and 2.

For the staff lateness' I mentioned that it may not be controllable as the lateness was at its greatest during quarter 2 and 3. Quarter 2 and 3 was during Autumn and Winter seasons, where traffic, train delays & staff illness are at it's worst due to poor weather, therefore uncontrollable.

Hope for 50!

Aarleneld16y ago#88

Does anyone have all the answers ?

Former user16y ago#89

@saad0090 said:
my shadow prices wer 24 and 8!

for materials, making w was more benificial as it was miking more cntribution per unit of material i.e 48/2 > 40/2, so more w shud b produced. by 1 unit of material, 0.5 w could b manudactured, giving a contributn of 24 i.e 48 x 0.5. so shadw price of material is 24.

for labor, making L was more benificial as contributn per limiting factr was higher fr L i.e 40/5 > 48/7. by 1 hour of labour, additional 0.2 units of l could b produced giving a contributn of 8 i.e 40 x 0.2! so shadw price of labur is 8!

i think detaild calculatn was req fr 6 marks, and i hope my is correct!

for part c, 300 additional hours wer required!

any1 plz cup up with a logical arguemnt why this isnt correct???

ACACCA crazy16y ago#90

Question paper has come on ACCA website.

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