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PMPaper F5 Dec 2010 exam was
Anyone agree?! Please say yes! Lol!
Yes :)
I agree with you. Only for the units - I think you had to keep the 2 decimals..as it was written on the question, but I don't think they will take points for this..I also got confused and at the beginning got rid of the decimals..but if you do so..and when you calculate the shadow price..it will show you that for the Optimal level...the grams used were over the limit of 5000..which can't be possible as you have make the equations.. to restrict to that level....when you calculate it with 2 decimals..result was 4999.13 grams used..which is less than 5000 and in other conditions..this would be not Binding..but as the diff is less than 1 unit...I said that is limiting and calculated the Shadow Price...Hope this will be fine and correct!@
@willynwilson said:
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!
Yes :)
I agree with you. Only for the units - I think you had to keep the 2 decimals..as it was written on the question, but I don't think they will take points for this..I also got confused and at the beginning got rid of the decimals..but if you do so..and when you calculate the shadow price..it will show you that for the Optimal level...the grams used were over the limit of 5000..which can't be possible as you have make the equations.. to restrict to that level....when you calculate it with 2 decimals..result was 4999.13 grams used..which is less than 5000 and in other conditions..this would be not Binding..but as the diff is less than 1 unit...I said that is limiting and calculated the Shadow Price...Hope this will be fine and correct!@
15y ago#62@vthiru7777 said:
new examinar she shows her talent on us.......
she change the entire formate of the paper.
I
OK so new examiner showing style on us ...BAD BAD VERY BAD
and i saw the same thing in F9 paper this time...so much concentration on NPV and other few topics...others like Forex,interest rates, hedging, etc were not even touched in the paper...skewed papers cannot be test of someone's ablity....although I am hoping for a pass in both F5 and F9 ... cheers
15y ago#63@vthiru7777 said:
new examinar she shows her talent on us.......
she change the entire formate of the paper.
I
OK so new examiner showing style on us ...BAD BAD VERY BAD
and i saw the same thing in F9 paper this time...so much concentration on NPV and other few topics...others like Forex,interest rates, hedging, etc were not even touched in the paper...skewed papers cannot be test of someone's ablity....although I am hoping for a pass in both F5 and F9 ... cheers
15y ago#64Well f5 is in the bag.Easy paper the examiner was very generous in alloting easy marks.
15y ago#65hey guys i think i did not bad with regards to Q1, Q2, Q4 and Q5 i did not have alot of time for Q3! All i did on Q3 was define variable and establish constraints....what did people put for the contraints please? will i get marks for this part? thanks!!
15y ago#67the questions were too long and wasted a lot of time.
For example for linear progression i calculated the contribution to find that the contribution was given.
Performance management I could have spent two hours on it.
variances- too much junk for a variance question.
generally f5 has been one of the worst subjects.Hope Ann Irons will credit us wisely.
For example for linear progression i calculated the contribution to find that the contribution was given.
Performance management I could have spent two hours on it.
variances- too much junk for a variance question.
generally f5 has been one of the worst subjects.Hope Ann Irons will credit us wisely.
15y ago#68Hey people
I thought it was a fair paper, howver very lengthy questions.
Im kicking myself over linear programming! I put the opitimal point at as 2000 lotions and 333 creams hoever after coming home i realised it should have been 400creams and 1400 lotions,
Constraint 1 was
3Creams + 2 lotions < 5000
Whilst contraint 2 was
1cream + 0.5 lotion<1600
The optimal poin is when the 2 constraints crosses eachother...
So we can solve simutaneously...
Take constraint 2 and multiply by 3 to give u
3C + 1.5L = 4800
Minus this equation from the 1st contraint
To leave u with: 0C + 0.5=200
which means L is 400 and C is 1400...
Did anyone get the same!
That was the only question that mucked me up...
No point worryin now, its over :)
I thought it was a fair paper, howver very lengthy questions.
Im kicking myself over linear programming! I put the opitimal point at as 2000 lotions and 333 creams hoever after coming home i realised it should have been 400creams and 1400 lotions,
Constraint 1 was
3Creams + 2 lotions < 5000
Whilst contraint 2 was
1cream + 0.5 lotion<1600
The optimal poin is when the 2 constraints crosses eachother...
So we can solve simutaneously...
Take constraint 2 and multiply by 3 to give u
3C + 1.5L = 4800
Minus this equation from the 1st contraint
To leave u with: 0C + 0.5=200
which means L is 400 and C is 1400...
Did anyone get the same!
That was the only question that mucked me up...
No point worryin now, its over :)
tooo ttoooo waayyyy easy paper
i did forecastingggg , just managed to understand it 4 am in the morning ATLAST. it didnt come
curves, i spent like hours on these questions
didnt come
paper was very easy
lengthy i would agree...could have done even better if had 30 more mins :D
but yes ppl u cant complain...if u didnt find this easy,,,then i would like u to explain me wht easy is
i did forecastingggg , just managed to understand it 4 am in the morning ATLAST. it didnt come
curves, i spent like hours on these questions
didnt come
paper was very easy
lengthy i would agree...could have done even better if had 30 more mins :D
but yes ppl u cant complain...if u didnt find this easy,,,then i would like u to explain me wht easy is
For me wasn't difficult but I am afraid that because of short in time I didn't answer everything what should be included. I hope what I did is enough to pass.
I thought the 1c+0.5l wasn't one of the optimal constraints? I calculated at all points in the graph,
I can't remember the other 2.
I can't remember the other 2.
15y ago#72@rach101 said:
Hey people
I thought it was a fair paper, howver very lengthy questions.
Im kicking myself over linear programming! I put the opitimal point at as 2000 lotions and 333 creams hoever after coming home i realised it should have been 400creams and 1400 lotions,
Constraint 1 was
3Creams + 2 lotions < 5000
Whilst contraint 2 was
1cream + 0.5 lotion<1600
The optimal poin is when the 2 constraints crosses eachother...
So we can solve simutaneously...
Take constraint 2 and multiply by 3 to give u
3C + 1.5L = 4800
Minus this equation from the 1st contraint
To leave u with: 0C + 0.5=200
which means L is 400 and C is 1400...
Did anyone get the same!
That was the only question that mucked me up...
No point worryin now, its over :)
Hi
I have had 400 + 1400 :)
however i messed b) of Q3 + few things in other questions... I failed last time @ 46 marks, I think it's unwise to say the exam was easy. I think It will become apparent to many in February that they were wrong and the exam was not that easy they were thinking...
You are right there was one more constrain - labour if I am right (9600 min?) and on my graph two constrains crossed each other was that one with 5000 and labour with 9600 - I got answers as somebody already posted it here
15y ago#74wasnt prepared whatsoever for linear programming. just hope that i have done enough, there was a lot of written questions. agree with a lot of people mix & yeild and things like curves or target costing where were these.
Well done!!!
labor rate variance:
Actual price 2200*14+550*18=40700
Standard price (2200+550)*14= 38500
Difference 2200(A)
Efficiency
Actual hours 2200+550=2750
Standard hours 650*1,5+750*2=2475
275*14=3850 (A)
TOTAL 6050(A)
labor rate variance:
Actual price 2200*14+550*18=40700
Standard price (2200+550)*14= 38500
Difference 2200(A)
Efficiency
Actual hours 2200+550=2750
Standard hours 650*1,5+750*2=2475
275*14=3850 (A)
TOTAL 6050(A)
@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?
@pannanikt said:
You are right there was one more constrain - labour if I am right (9600 min?) and on my graph two constrains crossed each other was that one with 5000 and labour with 9600 - I got answers as somebody already posted it here
i think that they were the constraints, but i cant remember,
you also have to remember that in the exam they wouldnt have said please round to 2 decimal places, if the numbers you have calculated dont have more than 2 decimal places, you could probably assume that you were incorrect!
15y ago#77@pannanikt said:
You are right there was one more constrain - labour if I am right (9600 min?) and on my graph two constrains crossed each other was that one with 5000 and labour with 9600 - I got answers as somebody already posted it here
Hey - although they stated labour was a constraint - there was enough capacity to fulfil the optimal point that would give u the best contribution as possible!
The constraint for labour if i remember correctly is 4L + 3C < 9600mins
Whilsts if L is 0, C is 3200
And if C is 0, L is 2400...
Remember the maximum demand for C is 2000, therefore the labour constraint is irrelavant!
By plottin the graph and using the follow through figures we should pick up marks...
I think its infair for students to say this exam was easy - under time pressure, it is very easy to make silly mistakes :(
But , we can only try our best...
Best of luck to everyone....
15y ago#78@sefiller said:
Well done!!!
labor rate variance:
Actual price 2200*14+550*18=40700
Standard price (2200+550)*14= 38500
Difference 2200(A)
Efficiency
Actual hours 2200+550=2750
Standard hours 650*1,5+750*2=2475
275*14=3850 (A)
TOTAL 6050(A)
why you took 2200 to your calculations, when it said clearly that permanent labour was fully efficient? there was no variance on 2200 hours. Also how do you now actual rate that temporary staff was paid for? Temp staff rate was 18$
It doesn't matter I calculate the overall labor costs of a company and compare it with budgeted figures.
You ask a question and answer to it? It is given in the question...
"Also how do you now actual rate that temporary staff was paid for? Temp staff rate was 18$"
You ask a question and answer to it? It is given in the question...
"Also how do you now actual rate that temporary staff was paid for? Temp staff rate was 18$"
@marcin060482 said:
why you took 2200 to your calculations, when it said clearly that permanent labour was fully efficient? there was no variance on 2200 hours. Also how do you now actual rate that temporary staff was paid for? Temp staff rate was 18$
15y ago#80I think F5 was a good paper. Only constraint was time. I did four complete questions 4-5 and had only 15 minutes for Q1, so the most I could have done in that case was to write out all formulas quicky and do the written part. 10 minutes extra would have made a great difference in answering this question. Thank you open tuition for boosting my confidence in this paper. I was well prepared for any question!
15y ago#81@sefiller said:
It doesn't matter I calculate the overall labor costs of a company and compare it with budgeted figures.
You ask a question and answer to it? It is given in the question...
"Also how do you now actual rate that temporary staff was paid for? Temp staff rate was 18$"
sorry i was not clear. How do you know that ACTUAL rate paid to temporary workers was 14$? their std rate was 18$
14$ was standard rate of Permanent staff
If 2200 hours were used by permanent then the remaining hours were used by temporary staff. In overall it should take 650*1.5+750*2=2475 hours but only 2200 is present remaining part 275 were used by temporary but two times inefficient that is 275*2=550
@marcin060482 said:
sorry i was not clear. How do you know that ACTUAL rate paid to temporary workers was 14$? their std rate was 18$
14$ was standard rate of Permanent staff
15y ago#84@sefiller said:
If 2200 hours were used by permanent then the remaining hours were used by temporary staff. In overall it should take 650*1.5+750*2=2475 hours but only 2200 is present remaining part 275 were used by temporary but two times inefficient that is 275*2=550
ok, so temp staff efficiency variance would be like this:
they should have worked 275 hrs
but did work 550
variance 275 (A)
x their standard rate 18$ = 4950 (A)
TOTAL labour variance was 6050 , so labour RATE variance would be TOTAL labour variance 6050 - labour efficiency var 4950 = 1100 (A), since 2 of the discussed variances (Labour and efficiency constitute total labour var.)
I understand your approach and honestly I dont knwo which one was correct :) I think they may give credit to both approaches. I treated this separately, as there was some kind of a hint in the question saying that Total labour variance relates to temporary staff..
anyway wish you all passes :)
15y ago#85I did the linear programming in 2 ways...1st i just simply do like TPAR style..then the next page I do with the equation with many constraints identified..however I just plot with 3 point...sales demand...3C + 2L = 5000 & 2C + L = 3200... ended with 1400 and 400 ...cant remember which is which but total contribution is 15800..
how if the 1st page answer is wrong...will they mark 2nd page?
btw my 2nd page is darn messy as I did not prepare for it
how if the 1st page answer is wrong...will they mark 2nd page?
btw my 2nd page is darn messy as I did not prepare for it
15y ago#86question 5 asked about the diference between budgeting in private and public sector orgs. I had no idea about this and i dont see it in my book. 6 marks gone there.
Also labour variances was abit confusing. Everything else was good.
Also labour variances was abit confusing. Everything else was good.
15y ago#87It was definitely an easy paper too easy so easy that i had difficulties doing it, i studied for harder stuff, but i guess time will tell. Merry Xmas everyone.
Thats why I read Kaplan textbook and practise BPP as my ACCA experiensed friend advicedme :)
15y ago#89@willynwilson said:
I thought the exam was severly time pressured! I just about finished, labour rate and labour variance was a bit rubbish!
I got 875 and 1275 too
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!
15y ago#90Oops..For ABC costing I put cost driver for machine running costs against production runs((( Please advise!
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