2014年12月ACCAF5考试真题答案.docx

Answers Fundamentals Level –Skills Module, Paper F5 Performance Management December 2014 Answers Section A 1A Division A: Profit = $14 4m x ·30% = $4 32m· Imputed interest charge = $32 6m ·x10% = $3 26m· Residual income = $1 06m· Division B: Profit = 8 8m x ·24% = $2 112m· Imputed interest charge = $22 2m ·x10% = $2 22m· Residual income = $(0 108)m· D All costs are included when using life cycle costing. 3 A This is the definition of a basic standard. 4 B The first statement is describing management control, not strategic planning. 5 C Number 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. 6 A Product A B C D Selling price per unit $160 $214 $100 $140 Raw material cost $24 $56 $22 $40 Direct labour cost at $11 per hour $66 $88 $33 $22 Variable overhead cost $24 $18 $24 $18 Contribution per unit $46 $52 $21 $60 Direct labour hours per unit –––– –––– –––– –––– 6 8 3 2 Contribution per labour hour $7·67 $6·50 $7 $30 Rank 2 4 3 1 Normal monthly hours (total units x hours per unit) 1,800 1,000 720 800 If the strike goes ahead, only 2,160 Therefore make all of D, then 1,360  labour hours will be available. hours ’ worth of A (2,160800hrs). – B 460 –400 = 60 clients $40,000 –$36,880 = $3,120 VC per unit = $3,120/60 = $52 Therefore FC = $40,000 –(460 x $52) = $16,080 8 B Increase in variable costs from buying in (2,200 units x $40 ($140 –$100)) = $88,000 Less the specific fixed costs saved if A is shut down = ($10,000) Decrease in profit = $78,000 17 A Only the first statement is correct. Traditional absorption costing tends to over-allocate costs to high volume products, not under-allocate them. B By 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. 11 C Neither stat