2014年12月ACCA F5考试真题答案概要1.docx

AnswersFundamentals Level – Skills Module, Paper F5Performance ManagementDecember 2014 AnswersSection A1ADivision A: Profit = $14·4m x 30% = $4·32mImputed interest charge = $32·6m x 10% = $3·26mResidual income = $1·06mDivision B: Profit = 8·8m x 24% = $2·112mImputed interest charge = $22·2m x 10% = $2·22mResidual income = $(0·108)m2345DAll costs are included when using life cycle costing.AThis is the definition of a basic standard.BThe first statement is describing management control, not strategic planning.CNumber of units required to make target profit = fixed costs + target profit/contribution per unit of P1.Fixed costs = ($1·2 x 10,000) + ($1 x 12,500) – $2,500 = $22,000.Contribution per unit of P = $3·20 + $1·20 = $4·40.($22,000 + $60,000)/$4·40 = 18,636 units.6AProductABCDSelling price per unitRaw material costDirect labour cost at $11 per hourVariable overhead costContribution per unit$160$24$66$24$214$56$88$18$100$22$33$24$140$40$22$18$46$52$21$60––––––––––––––––Direct labour hours per unitContribution per labour hourRank6$7·6728$6·5043$72$3013Normal monthly hours (total units x hours per unit)1,8001,000720800If the strike goes ahead, only 2,160 labour hours will be available.Therefore make all of D, then 1,360 hours’ worth of A (2,160 – 800 hrs).78B460 – 400 = 60 clients$40,000 – $36,880 = $3,120VC per unit = $3,120/60 = $52Therefore FC = $40,000 – (460 x $52) = $16,080BIncrease in variable costs from buying in (2,200 units x $40 ($140 – $100)) = $88,000Less the specific fixed costs saved if A is shut down = ($10,000)Decrease in profit = $78,000179AOnly the first statement is correct. Traditional absorption costing tends to over-allocate costs to high volume products, notunder-allocate them.1011BBy definition, a shadow price is the amount by which contribution will increase if an extra kg of material becomes available. 20 x$2·80 = $56.CNeither statement is correct. Responsibility is not assigned solely to senior managers as, f