PMPaper F5 Dec 2010 exam was

I agree with what most of you said. It was quite a simple paper but like lots of you I messed up Q1 with the labour rate/efficiency variance, question 2 i loved but not sure if I wrote what she wanted! Question 3 Linear Programming was a wasted 20 marks - I wasnt prepared for it and left it for last and didn't have much time for it anyway. Q 4 and 5 I hope were ok. PG I am hoping for a pass!!

I am doing F7 tomorrow and took the exam today in Excel and they made us wait 25 mins after the exam was over whilst they were doing whatever they do... That was so unfair!

Good luck to us all!

Paper was easy but different format. Linear regression always trips me up but other than that easy. Ann Irons- love you- Merry Christmas!

i hv stdied everything n hv read bpp buk 5 times excpt linear prgrmng n see ma luck :(

Paper was an easy one...did nt expect to be examined on linear programming....i studied all the dificult topic ...but was shocked to see the paper..there were too much to read ...i hope i pass...

@ accakk... you are most welcome :)

It was easy and time was enough. The most difficult for me was labour variances. But I did it. thank yuo Ann Irons.

what shadow price you got? I got 16$...

what shadow price you got? I got 16$...

If I remember shadow price was 1.84

ok, wish you all pass :) anyway good prepared student should be able to pass this

@tk24 said:
labour rate variance: 4,950 (A)
labour efficiency variance: 6,XXX - 4,950 (6,XXX i don't remember but it's on question)

Is that correct? Sbd has same answer??

Question not too difficult but I did not well at all, don't know why that was,,, hmmmm. Only hope passing rate.

HI . LABOUR VAR was 6XXX

so all units actually produced (and sold) were 650 and 750. Permanent staff had only 2200 hours, so temporary staff SHOULD HAVE worked 2475 hours -2200

so temporary workers should have worked 275 x 18 $ = 4950
but did work (twice as much- was in question) 550 x18$ = 9900
VARIANCE = 4950 $ Adverse . Labour rate var = 6XXX - 4950

:)

( I have however mixed names - I named it labour eff var instead of labour rate

I cannot believe I messed up on linear programming. I was praying for it to be in the exam because I really like it. But I messed it up. Boooo.... :( Must be the time pressure. Need more practise at home as I almost didn't practise for this exam. Well... lesson learnt!

i dun know how to calculate to labour rate= =the 7 marks is lost...
Q2 is good for me, may be can take more marks in the paper.
Q3, linear programming, draw the graph >.< may be easy, but i didn't study ant LP question and the shadow price also dun know how to calculate. This question i got 0 mark, because dun know how to do, and not write any things. 20 marks is lost...
Q4, ABC question.... actually dun study this area, but try to do the best..hopefully can get some marks..
Q5, budget theory, i didn't got any points in the ZBB.... and write somethings i think that cannot got marks... the 20 marks also lost...

In F5, the atleast 40 marks that is gone= =
cry cry cry >.<''

I thought the exam was severly time pressured! I just about finished, labour rate and labour variance was a bit rubbish!

Linear programming, optimal point was at the two constraints that weren't 1+0.5 = can't remember!

I think I got 1275 and 875 for optimum plan, with a shadow price of 1 I think!

It said on the question that unfinished products were going to be made the following week, so I just got rid of the 2 decimal places and calculated the full products!

Q2, the company performed much better than the year before, and as market was going to decline by 20%, their turnover only decreased 8%!

Q4, cost drivers, I had procurement and purchase orders, delivery against deliveries, machine running costs and machine hours, and machine set up against production runs!

Anyone agree?! Please say yes! Lol!

@gracetsiga1 said:
it was such an easy paper.. i think its because it was her first time...Am sure the june sitting will be much harder....even though i did not have enough time for 3.

@gracetsiga1 said:
it was such an easy paper.. i think its because it was her first time...Am sure the june sitting will be much harder....even though i did not have enough time for 3.

I think it was her 2nd time.last june exam was easy too but only 50%passded

max contribution was where 2 materials (silk..) intersect i suppose? :)

Overall there were only 3 constrainstts - 2 materials + skilled labour + demand for Lotions <2000

P.s did anyone do anything with the fixed costs in the linear programming question?
I deducted them from contribution but wasn't sure!

labour rate variance
650*1.5+750*2=2475 hours should take
2475-2200=275
275*2*(18-14)=2200(A)
labour efficiency extra 275*14=3850(A)
in total 6050(A)
Did anyone do like this?

overall....did comments, not finished computations...lol

Piece of cake! I floated through the questions. Hopefully I will make it to 90!

@suso7 said:
labour rate variance
650*1.5+750*2=2475 hours should take
2475-2200=275
275*2*(18-14)=2200(A)
labour efficiency extra 275*14=3850(A)
in total 6050(A)
Did anyone do like this?

hmm seems logical, however i would say 275 hours x 18 because 14 $ is the rate of pay for permanent staff. we were supposed to calculate temporary staff labour variances. You had only total variance of 6050 (A) , and you only knew how many hours they should take - 275 hours x 18 = 4950
but did take 550 hours x 18 = 9900 (it was said that temps worked twice as much in the question)

9900 - 4950 = 4950 (A). To calculate rate variance you deduct 4950 from the total variance of 6050(A) - 4950 = 1100 (A)
6050=4950+1100

GrindMastah
silk powder <= 5000
=825*3=2475
=1275*2=2550
total 5025
labour <=9600
825*4=3300
1275*5=6375
total 9625

@marcin060482 said:
hmm seems logical, however i would say 275 hours x 18 because 14 $ is the rate of pay for permanent staff. we were supposed to calculate temporary staff labour variances. You had only total variance of 6050 (A) , and you only knew how many hours they should take - 275 hours x 18 = 4950
but did take 550 hours x 18 = 9900 (it was said that temps worked twice as much in the question)

9900 - 4950 = 4950 (A). To calculate rate variance you deduct 4950 from the total variance of 6050(A) - 4950 = 1100 (A)
6050=4950+1100

efficiancy variance is the difference between actual hours worked & standard hours for actual production * standard rate. difference is that extra 275 hours (new workers worked slower)*14. Is not so?

@suso7 said:
efficiancy variance is the difference between actual hours worked & standard hours for actual production * standard rate. difference is that extra 275 hours (new workers worked slower)*14. Is not so?

well , permanent staff was fully efficient (per question) so any variance was due to 275 hours. Standard time was then 275 hours but permanent staff worked twice as much.

so ...
;)

sorry tgemporary staff worked twice as much =550 hrs:)

it doesn'[t matter now, pray for pass,

and merry christmas,

PS> Exams is not most important thing in life...

Questions were too long - you need to spend a lot of timw reading through it before you answer the questions.

Not very confident.

Am surprised 2 questions were repeated from June exam - linear programming and ABC.

@joevassallo said:
Questions were too long - you need to spend a lot of timw reading through it before you answer the questions.

Not very confident.

Am surprised 2 questions were repeated from June exam - linear programming and ABC.

hi

i think same. I thought there will be no linear programming and AbC and they actually featured...

overall easy exam for well prepared student, but I am not confident too much about my result..

Q. 3 Linear Program, x= 1,000 ; y= 1,000; Optimal Contribution = 17,000. Does anyone come to this result?

Didn't like this paper at all. Was not expecting ABC and Linear to come up again. There was far too much reading in the Performance Measurement Q and the labour variances were difficult. Did not do well and I think I will be seeing this one again in June!

@nomno999 said:
Q. 3 Linear Program, x= 1,000 ; y= 1,000; Optimal Contribution = 17,000. Does anyone come to this result?

no didn't get that results..