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I also read every ACCA technical article on the website, except the balance s/c article…..which now I regret.
Had the learning rate with labour variances for section C with the access the performance for Pets4All (20 marks) – could’ve wrote more but think I did enough for atleast 15/20 on that one
Section B was Limited factor (I’m hoping it was Throughput method), Absorption rate (they had some cost centres as batch numbers and others as units to trick you) and the last I’m sure was a learning rate section about building houses
Section A was a mix of lot more theory, but was decent all around
P.S. Shoutout to the guys who sat the exam at 6pm with me since we had to be redirected to a different centre cause of a “powercut” even though the power was working just fine O.o
I had 3 Es for the Novaland Universities and then mix and yield variances for section C.
section A l found tricky and very theory based as opposed to calculations.
Section B was as an absolute disaster, I didn’t leave myself enough time to think through it and panicked. I had learning rates for the some company building houses, environmental life cycle costing, can’t remember the other part.
Hi Zak,
I was at the venue but due to personal reasons couldn’t stay till 6pm.
Just wonder if most of the people stayed till so late 🙁 ..@brushydragon I had the same exam questions as you. and ive also spend most of my time revising everything else but this..btw How did u calculate the rolling budgets? I wasnt sure about the labour figure with that adverse variance. And what was your margin of safety and the selling price for the contribution graph?
omg I’ve got Noviland and Wonder co as well, got to say that Section B is quite challenging for that key factor analysis…Section C falls into expectation but they are not that easy to deal with. I’ll vote OK for this, definitely harder than the FM I took in Dec.
I found it really hard! Ran out of time for section C and wasn’t expecting that last question with another learning rate thrown in! Any one remember how many marks were applied to the last question in C broken down? I didn’t have time to answer A, and B was to explain the answer for A so I only really completed C. Also does anyone remember the question in section A about the photocopier? I just could not work out what the question meant!
I also got the same but didn’t get what it exactly want how you dealt with that
Hi, those who had mix and yield and noviland. How did you tackle in mix and yield question the waste? Did you calculate also mix and yield for specific material or only total? I used standard formula SQSP (actual number of batches x material per batch x standard price of material). Then calculated AQSmixSP. Basically I only recalculated actual qty based on standart mix and multiplied by standard price. And the last one AQSP. Yield variance was fav. Aroung 1mil and mix adv around 100k. If a did this question correctly I may pass the exam, but I am not sure because I did not know how to tackle waste and I also did not calculate variance per material only total. How did you approach this question? I did only selfstudy with LSBF and I basicilly found everything in this book to answer 95% of question. Section A, B very easy, but suprisingly comparing to other exams, very time consuming..
I skipped this part B to answer part C cos I was time pressured! How did you attempt part C? I guess it was not tied to part B. The change of mix must have made the more expensive component to be greater in the new mix hence the adverse mix variance.
@nikolavintrova with the rolling budget I think I added 2% to the cost of the actual and used that as the basis for the Q2 budget as the question stated that 2% was accurate. I personally thought the labour variance was a red herring and I didn’t adjust for that – probably wrong. I cant remember what I put for the MOS – I think I put the selling price at 22.50 or something, I took the $3000 revenue budgeted and divided it by the total number of units that was stated on the graph – I couldn’t see anywhere else what the bud no., of units was….. – again probably wrong. I hadn’t done a lot of practice on this question area, as I was more focused on linear prog, relevant costs and PED etc etc which none came up….
@pavolbondra Yea I calculated mix and yield for the specific materials and then added them up to get the total favourable/adverse variance. Your numbers sound like mine, i remember getting 1 milliom something for one and around 100k for the other. Hope its right but cant be sure. If not ive definitely failed lmao.
@brushydragon do you remember what level of output you did for the payoff table question?
I had a ABC costing with robot company,
What is the difference between component, units, and batch?
I confused so much@tomstrong96 The pay off table was probably the bit I struggled with the most (I was ready for a nasty linear programming question) …. I put the table together, set it up etc worked out the contribution per unit. I think I applied 80% to the supply units as only 80% produced could be sold and that was about it, then moved onto the next bit about maxi min…. had to manage the time, I could of spent an hour just doing the payoff table, sadly. So just cut my losses and moved on! 12 marks on the table I think, maybe I’ll get 1 or 2 marks for that question!!
How did you get on with the balance s/c?
@keisuke Batch is when a group of units are produced together. i.e there are 10 units per batch. So if you had 100 units and the batch size is 10, there would be 10 batches. Component is just the element of the final “product” it was referring to…. component 1, 2 and 3 are just parts of the final product….being a tech company, working out the costs for each component that make the final product…. I think.
I think we got the same set of questions. I just rambled for the balanced scorecard question. Didn’t consider the adverse variance either for the rolling budget. My Mos was 16.67%. That one was truly God directing me. That question took me a while to figure out.
@brushydragon yeah I think I basically did that I put the full production lines at the top which were 2000,3000,4000 and then the 1600 etc on the side and calculated the contributions taking into account that 20% wouldn’t be sold. Then I did a separate table for values taking into account the probabilities as it asked for the production based on expected values. I ended up choosing 1600 I think but I’m not sure how that added to 12 marks I’m assuming I missed a lot of steps.
The balanced score card was okay. Luckily I revised the perspectives of innovation, financial, internal and customer. I don’t think I explained them very well so the 4 mark one might have been poor but I think I put in a few decent examples on the 16 marker.
I’m expecting a fail to be honest but we’ll see haha!
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yess
Hey do you remember what was your answer I’m section c variance long . With learning curve and without???
It was okay. Way better than December’s exam. Had a full question on balanced scorecard for one part of section C and also expected values with minimax, minimax regret and maximax question.
Section A and B were okay just that I had a little problem with a PV curve that was give in section B. I totally forgot to revise on that one
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