I'm doing Secure Net (12/09 Q1)
(a) The total material price variance is 4375(A) and the total material usage variance is 2000 (F).
(b) The examiner answer: The planning price variance is 3360(A) and the operation price variance is 1575(A). Total up would be 4935(A) which is different from the total material price variance in Q1(a).
And so are the planning usage variance and operation usage variance, which total is 2560(F). this is also different from Q1(a)'s total material usage variance.
However, if you sum them up, 4935 (A) + 2560 (F) = 2375 (A), which is equal to the material cost variance (4375(A) + 2000(F) = 2375(A)

That's what my answer was!!!
So both methods are right? Even if their total planning & operational variance are different???

Finally, waste my whole morning to understand why it's different
Million thanks ya

Foundation in art?? =.= ACCA???

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Added on May 23, 2012, 6:49 pmThe other thing is that i found that assessing performance is really time-consuming.
It's really hard to link the clues given by the examiner...
So long as I make sensible comment, it wouldn't be marked wrong right??
For example, Crumbly Cake (June 09).
We has been told that 'the business should use only organic ingredients in its cake production. Organic ingredients are more expensive but should produce a product with an improved flavour and give health benefits for the customers. It was hoped that this would stimulate demand and enable an immediate price increase for the cakes.'

And it turns out the material price variance is adverse.
However, we has not been told that whether previously is organic ingredients being used in production.
If it really does use organic ingredients previously, then there would have been a standard price for organic ingredients.
So the material price variance would not be an effect for changing of the ingredients used.
Thus can i say that the adverse material price variance is caused by the poor negotiation skill instead of saying that the variance is caused by changing of ingredient based on my assumption??

This post has been edited by junggle: May 23 2012, 06:49 PM

Being first time for me to sit for written based exams, I have some questions regarding the exam:
During the first 15 minute reading & planning time can we write on the question paper?
Must we answer the question in order?
Can I use correction fluid/tape??
If I really can't answer the question, should I leave the answer blank or simply bullshit??

How is your revision for F4??
I'm sick of memorizing already, never gonna finish memorizing the company law.
Did your lecturer give any tips for F4??

Nothingz, do you think i can use 2011 F6 textbook for Dec 2012 sitting??

Thanks for the tips. I didn't even touch my textbook for revision.
Since people saying that mostly 70% to 80% will be repeated from the PYPs, so I just read the PYPs and memorize.

Ok thanks

Don't know did anyone share this? If yes then just ignore~~

From Open Tuition,

ACCA Exam tips for Paper F5

Activity Based Costing

Cost volume profit analysis

Planning and Operational Variances

Budgets – mainly written, but with preparation of a flexed budget and commenting on it

Financial and non-financial performance measures (with main emphasis on non-financial)

Pray hard for these to come out!!

I'll scream in the exam hall if it really does.

This post has been edited by junggle: May 28 2012, 10:15 PM

http://www.youtube.com/watch?v=kJ_Os5iP0IA
I'm not sure whether is it useful for P3 but I find it useful for my F5...



This post has been edited by junggle: May 28 2012, 11:51 PM

All tips are unreliable... =.=

This post has been edited by junggle: Jun 2 2012, 09:19 AM

you are just scaring me!!!!!

lol.. i think i really have to kill my lecturer!!!!
For CVP & Environmental Accounting, there are technical articles written by the current examiner.
I really hate the style she set the questions, more towards theoretical rather than applying =.=

Me too. just hope for pass...
never thought ACCA would be so difficult as it is.

But their fees are increasing... lol

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Added on June 5, 2012, 2:27 pmRegarding F4, do i really have to write exactly like the suggested solutions??

This post has been edited by junggle: Jun 5 2012, 02:27 PM

My exam status states that i'm opted into obu but in fact i have not yet completed F4. O.O
Does it mean that even i fail F4 this time i would still be opted in if i passed F7??

normally people would have to pass f4 to opt in

You can take F7 with other P papers, subject to a maximum of 4 papers.

Die Die Die...
Feel like well prepared, but still feel not enough...
Just scared of some irregular question will come out... =.='''

Is it really that heavy to bring one more piece of paper==?? lol
Just bring both lar

I know... that's y i stop learning... the more i learn, the more i worry lol.

No. I leave up some of the company law, about 15 to 20% of it. Really can't squeeze anything in my head right now. And partnership, still wondering should i learn it or not lol.
Just hope can pass through it as soon as possible.
I just wonder did your lecturer teach about Royal British Bank Rules, oppression, Foss & Habottle ??
According to my lecturer, they are not longer of much important already but i just wonder lol.

This post has been edited by junggle: Jun 8 2012, 02:16 PM