- April 6, 2020 at 2:34 pm
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 🙂
Favourable variance means we must’ve bought the materials in for cheaper than budgeted, so AQ*AP<AQ*SP. Price variance = $4,220 means AQ*SP=4,220+AQ*AP. SP=6 and AQ*AP=56,000 means 6AQ=4,220+56,000=60,220 so AQ=60,220/6=10,037kgApril 6, 2020 at 2:35 pmApril 6, 2020 at 2:36 pmApril 6, 2020 at 4:27 pm
Also, I did a check on their answer, it seemed a bit inconsistent:
If AQ=8,630kg, then AQ*SP=51,780$ 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…April 23, 2020 at 1:58 pm
Hi definitely we agreed this one was incorrect – please see other post. thanksApril 23, 2020 at 2:58 pm
Thanks for the response :). I’ve got my P1 exam is on Monday 4th May, fingers crossed it goes smoothly. 🙂April 23, 2020 at 3:03 pm
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!!April 26, 2020 at 9:41 am
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…April 26, 2020 at 9:43 am
Also, I’ve reported the typo issue with this this q to the publisher…April 26, 2020 at 9:53 am
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:)May 1, 2020 at 3:12 pm
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 🙂May 1, 2020 at 3:59 pm
Thanks for clarifyingMay 1, 2020 at 4:21 pm
Ok.- just writing this to close the question.( my comment needs to go last!) 🙂
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