KA PL AN PU B LISHING i

Professional Level

Paper F5

Performance Management

LECTURER RESOURCE PACK

KA PL AN PU B LISHING i i

Lecturers who have adopted and purchased Kaplan Publishing Study Text may photocopy all or part of this

resource pack for no fee. They may photocopy copies of each title equal in number to the number of Study

Text of that title purchased.

The text in this material and any others made available by any Kaplan Group company does not amount to

advice on a particular matter and should not be taken as such. No reliance should be placed on the content

as the basis for any investment or other decision or in connection with any advice given to third parties.

Please consult your appropriate professional adviser as necessary. Kaplan Publishing Limited and all other

Kaplan group companies expressly disclaim all liability to any person in respect of any losses or other

claims, whether direct, indirect, incidental, consequential or otherwise arising in relation to the use of such

materials.

All rights reserved. No part of this examination may be reproduced or transmitted in any form or by any

means, electronic or mechanical, including photocopying, recording, or by any information storage and

retrieval system, without prior permission from Kaplan Publishing.

We are grateful to the Association of Chartered Certified Accountants, the Chartered Institute of

Management Accountants and the Institute of Chartered Accountants in England and Wales for permission

to reproduce past examination questions. The answers have been prepared by Kaplan Publishing.

© Kaplan Financial Limited, 2012

KA PL AN PU B LISHING i i i

INDEX TO QUESTIONS AND ANSWERS

Questions Answers page page

Specialist cost and management accounting techniques

1 Management accounting 2 48

2 A College 3 49

3 Admer 5 52

4 QP plc 7 56

5 MN Ltd 9 58

6 BML 11 60

7 ABC plc 12 64

8 Key factors and throughput accounting 14 67

Decision making techniques

9 JB Ltd 16 70

10 Exe and Wye 17 72

11 Plastic tools 18 76

12 BIL Motor Components plc 19 78

13 MOV Company 20 81

14 Private Hospital 22 85

Budgeting

15 Accounting type control information for management 23 87

16 Sychwedd plc 24 89

17 Budget Compilation 26 93

18 Acred Limited 27 96

19 Accounting systems 28 99

20 Budgetary planning 29 102

Standard costing and variances

21 Q Ltd 30 104

22 Hairdressing 31 106

23 Food Manufacture 32 109

24 Mermus plc 34 112

25 Ash plc 35 115

26 Linsil 36 119

Performance measurement

27 Carr Ltd 38 122

28 Spring plc 40 124

29 Divisions A and B 41 127

30 Not for profit sector 42 130

31 Performance management 43 133

32 Windermere 44 135

Performance information systems

33 Sources of information 45 139

KA PL AN PU B LISHING i v

Formulae sheet

Learning curve

Y = axb

Where y = cumulative average time per unit to produce x units

a = the time taken for the first unit of output

x = the cumulative number of units produced

b = the index of learning (log LR/log 2)

LR = the learning rate as a decimal

Demand curve

P = a – bQ

b = change in price / change in quantity

a = price when Q=0

MR = a – 2bQ