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Kaplan exam kit q93:
Hey, is it just me or this question is a bit dodgy/typo with the “favourable” variance ? I got 10,037kg for AQ. Thanks 🙂My reasoning:
Favourable variance means we must’ve bought the materials in for cheaper than budgeted, so AQ*AP<AQ*SP. Price variance = $4,220 means AQ*SP=4,220+AQ*AP. SP=6 and AQ*AP=56,000 means 6AQ=4,220+56,000=60,220 so AQ=60,220/6=10,037kgAlso, I did a check on their answer, it seemed a bit inconsistent:
If AQ=8,630kg, then AQ*SP=51,780$ which is less than actual cost incurred of 56,000$ (=AQ*AP), pointing towards an adverse variance, hence the contradiction, as it’s actually a favourable variance… Hope that makes some sense…Hi definitely we agreed this one was incorrect – please see other post. thanks
Thanks for the response :). I’ve got my P1 exam is on Monday 4th May, fingers crossed it goes smoothly. 🙂
Thats great news – im sure you will be fine….
It often shows a great understanding if you can find faults in questions – (like the Kaplan one above) because they are inconsistent with your knowledge…So have you found a Pearson centre that is open or will you be sitting via home webcam invigilation?
Good luck from OT team here!!
Thanks?. I’ll be sitting there exam via Home, remote testing. Any advice for taking it without pen and paper/whiteboard ? There will an on-screen whiteboard to use that they’re developing, so we can draw tables etc, but as you can imagine there’d be a difference (probably on time taken for some questions as well in the time-pressed exam) compared to usual test center pen and paper…
What happens if in the exam we get a q with a typo issue on it like this one ? Then, wouldn’t we not secure the mark for the q ? As the solution wouldn’t be correct, like here, or it’d be the case that the answer we get isn’t one of the multiple choice answers to select from… Thanks:)
Hi there… no need to worry about exam errors in the real exam. Every single question will have been through quality testing -approx 3 different levels and separate reviews.
Can trust CIMA on that – I promise you 🙂
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