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ACCT5002 2017S2 Week 5 Feedback and Common Weakness

Overall, there is some lack of understanding of the key concepts on issues with cost allocation,

particularly, single rate and dual rate, actual and budgeted usage, insulating and non-

insulating cost. RASA performance was consistent with the previous weeks, even a littlter

in some streams. Generally, the business practical performance improved this week as

detailed below.

RASA

•You had a similar performance on RASA this week. The concept questions were

answered really well. You knew how to allocate support department costs using direct

method, but some of you had trouble using step-down method.

•The scores were particularly low for Q5 in some streams. The key to this question is

understanding the implications for using actual vs budgeted usage in cost allocations.

•The lack of understanding of support department cost allocation in using the step-

down method was evident in results for q8. The question stated the support

department that should be allocated first. If not stated in the question the general

approach is to firstly allocate the support department that provides the most services

to other support departments. The second-ranked department should then be

allocating to operating departments only (including the support allocation from the

first-ranked support department).

BP

•There were improvements in BP. Unfortunately, some teams went backwards.

•The analysis questions were well answered by most of the teams, but the calculations

were not difficult this week.

•Some of you didn’t study the additional reading. You had difficulty completing the

questions initially. Although you may be able to c