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wasnt 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)
@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 herei 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!
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@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 hereHey – 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….
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@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$”
@marcin060482 said:
why you took 2200 to your calculations, when it said clearly that permanent labour was fully efficient? there was no variance on 2200 hours. Also how do you now actual rate that temporary staff was paid for? Temp staff rate was 18$- Topics: 0
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I 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!
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@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
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@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=550ok, 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 🙂
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I 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- Topics: 0
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question 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.- Topics: 0
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It 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 🙂
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@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!
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Oops..For ABC costing I put cost driver for machine running costs against production runs((( Please advise!
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What a mess!
If I’ve got time to copy the whole answer booklet again, should earn more marks 🙁
Hope for a pass only- Topics: 0
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i want only a pass !
Can any 1tell me plz about budgeting question was it numerical or about theory???i will sit for f5 in june11 so wana knw plz reply…..
@grindmastah said:
linear programmingx= 825, y = 1275
OMG.. My answer was x=828.57 and y=1,257.15 🙁
but the binding constranits is it:
1. 3x + 2y = 5000
2. 4x + 5y = 9600- Topics: 7
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