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Can anyone tell me please what was actually to do in controll proforma of flexed and actual budgets?just to fill the spaces and no working were required?
That’s what I did, used formula in cell to show working, flexed to actual amount, couldn’t see how some semi variable specific notes needed to be incorporated but could be wrong
Proforma you needed workings to flex the budget to 8000 units. Workings needed to calculate variances between actual and 8K flexed budget. Semi variable notes needed to find the fixed costs within the total. Think I got something like 4600 (F) total variance. I hope it’s right lol!
But yeah a bit of a weird one, never really seen a proforma in a 20 mark q like that. I just put my workings for sales Rev, materials etc below and then put some written conclusion aswell.
Very surprised not see questions for ROI/RI, TPAR, Learning Rate, Maximin. Unfortunately I did a lot of revision for these areas. Found the Material Price / Usage variance questions overloading with information and throwing curveballs which caught me out
I thought the exact same, I think the only ROI/RI question was like Q4. No LR, no optimal pricing, was quite disappointed in that. The 20 marker on Sensa supermarkets was ok but long, the whole profitability calcs and all the percentages.
The multi product breakeven graph question caught me off guard though. Had to just guess that one
I think SecC questions might be different, I didn’t have that, I had to discuss financial performance of a law institute which was OK.
I had Economy, Efficiency and effectiveness in Section C.
Also optimal price in another section C.
There was a linear question in Section B that I didn’t quite get. The flexed budget was good for me. I don’t feel confident with my answers for the law institute. I know it’s a nonprofit but to me it appeared that institute was near to bankruptcy.
Flex to 8k.
The semi variable you would have had to use hi lo methodI was happy with it.
I had a question on using the 3 E’s to assess regions performance. Also had an optimal price question (using algebra to find the SP). Quite shocked to not have had any variance, CVP or budgeting questions as I was so ready to take those on 🙁
Ok.sana wrote:I had Economy, Efficiency and effectiveness in Section C.
Same. I also got some weird regression question in Section B I had never seen before in any kit or past exam. But I think I might get 6/10 out of it.
I’m torn between OK and Hard, but I think I might pass it. I think did much better than last time in June, and then I didn’t pass it by only 4 points.
Anyone have this questions
1) Wilfred Almeida:
Which of the following would a throughput accounting approach be most suitable for?A. Long-term decision-making in a highly automated manufacturing business
B. Short-term decision-making in a business which subcontract all its manufacturing and delivery activities
C. Short-term decision-making in a highly automated manufacturing business
D. Long-term decision-making in a business which subcontract all its manufacturing and delivery activities
2) Lewis Co is considering automating its production line. If it chooses to do so, fixed costs will rise from $40,000 per year to $120.000 per year, while variable costs will fall from $22 per unit to $12 per unit.
What is the minimum annual production level at which automation would be worthwhile (to the nearest unit)?
I got the same question as you mentioned in 1st place. I marked B. Considering that throughput accounting goes best with short term.
If I am not mistake, the option c was option B at the exam. So I choice b but now you put it c
Section C:
Q1 (a) Define 3Es
Q1 (b) Assess performance based on 3EsQ2 (a) Calculate optimum price and resulting profit
Q2 (b) ???????????????????????????????? Anyone remember this part?
Q2 (c) Consequences of not take account of learning curve
Q2 (d) Skimming pricing strategyAnyone remember what was Q2 (b)?
Oh dear. I don’t recall seeing a part b or d. If i recall correctly, for me, part A was find variable price and total cost and part b was calculate optimum selling price, part C was consequences of the learning curve.
What i had done was to calculate the fixed cost for both direct labour and indirect labour then calculate the variable cost per unit using each. Did this by using the high and low method, hopefully it was correct. Also indirect was a stepped fixed cost so you would have to less the 1000 stepped cost to calculate variable cost per unit.
Yes that variance question in section B was tricky. I did not see them say the price was revised by the entity so how will i go ahead with a material price planning variance.
I also got confused about the fixed costs and variable cost question that was asking for minimum number of units to be produced. Certainly, that wasn’t a breakeven question neither was it a total cost question or even price demand. Very confusing to me.
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