KA PL AN PU B LISHING i
Professional Level
Paper F5
Performance Management
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KA PL AN PU B LISHING i i
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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
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