F5 CR Question Practice final.xlsx

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1、 CBE-style question practice for F5This spreadsheet contains constructed response question practice for the F5 examThis file should be used in conjunction with the interactive PDF provided which contains a topic-based index as well as Objective Test (OT) and OT Case questions.Each question contains

2、a scenario which relates to one or more requirement(s) which may be split over multiple tabs in this excel document.Important: 1. The format of questions in this pack mimic that of the live exams as far as is possible in this offline format, but with significant limitations in the formatting and oth

3、er functionality within the word processing and spreadsheet answer spaces. 2. To prepare for your exams and familiarise yourself with the functionality of the live exams, you must make use of the Specimen Exam and other support materials available at (http:/ 3. In the live exams, markers will give c

4、redit for workings as long as they are in the answer space. Markers will be able to see formulae in cells in spreadsheet answers, just as they can in answers saved in this question pack.Please save a copy of this excel document after you complete your answers for your future reference or if you are

5、going to submit your answers to your tutor for marking.This file should be used in conjunction with the interactive PDF provided which contains a topic-based index as well as Objective Test (OT) and OT Case questions.1. The format of questions in this pack mimic that of the live exams as far as is p

6、ossible in this offline format, but with significant limitations in the formatting and other functionality within the word processing and spreadsheet answer spaces. 2. To prepare for your exams and familiarise yourself with the functionality of the live exams, you must make use of the Specimen Exam

7、and other support materials available at (http:/ 3. In the live exams, markers will give credit for workings as long as they are in the answer space. Markers will be able to see formulae in cells in spreadsheet answers, just as they can in answers saved in this question pack.Please save a copy of th

8、is excel document after you complete your answers for your future reference or if you are going to submit your answers to your tutor for marking.1. The format of questions in this pack mimic that of the live exams as far as is possible in this offline format, but with significant limitations in the

9、formatting and other functionality within the word processing and spreadsheet answer spaces. 2. To prepare for your exams and familiarise yourself with the functionality of the live exams, you must make use of the Specimen Exam and other support materials available at (http:/ 3. In the live exams, m

10、arkers will give credit for workings as long as they are in the answer space. Markers will be able to see formulae in cells in spreadsheet answers, just as they can in answers saved in this question pack.Topic 6 Budgeting and Standard Costing, Q.26a) Prepare a flexed budget for the month of May, ass

11、uming that the standard mix of customers remains the same as budgeted.12 marksa) Prepare a flexed budget for the month of May, assuming that the standard mix of customers remains the same as budgeted.Topic 7 Variance Analysis, Q.27 (a)a) Discuss the behavioural problems that can arise from using sta

12、ndard costs and ways to prevent them.Double-click in the box to start typing answer and click OK if a message window appears.4 marksa) Discuss the behavioural problems that can arise from using standard costs and ways to prevent them.Double-click in the box to start typing answer and click OK if a m

13、essage window appears.a) Discuss the behavioural problems that can arise from using standard costs and ways to prevent them.Double-click in the box to start typing answer and click OK if a message window appears.Topic 7 Variance Analysis, Q.27 (b)b) Analyse the above total variances into component p

14、arts for planning and operational variances in as much detail as the information allows. 8 marksb) Analyse the above total variances into component parts for planning and operational variances in as much detail as the information allows. Topic 7 Variance Analysis, Q.27 (c)c) Assess the performance o

15、f the production manager.Double-click in the box to start typing answer and click OK if a message window appears.8 marksc) Assess the performance of the production manager.Double-click in the box to start typing answer and click OK if a message window appears.c) Assess the performance of the product

16、ion manager.Double-click in the box to start typing answer and click OK if a message window appears.Topic 8 Management Information, Q.28 (a)a) Discuss the issues involved in upgrading the existing information system and the proposed changes, with reference to both the wider business environment and

17、the decision making process.Double-click in the box to start typing answer and click OK if a message window appears.8 marksa) Discuss the issues involved in upgrading the existing information system and the proposed changes, with reference to both the wider business environment and the decision maki

18、ng process.Double-click in the box to start typing answer and click OK if a message window appears.a) Discuss the issues involved in upgrading the existing information system and the proposed changes, with reference to both the wider business environment and the decision making process.Double-click

19、in the box to start typing answer and click OK if a message window appears.Topic 8 Management Information, Q.28 (b and c)b) Explain what is meant by the terms open systems and closed systems as applied to systems theory. Identify, with justification and where possible, any examples of these from the

20、 information given in, or inferred from, the case study.c) Management Information Systems (MIS) allow managers to make timely and effective decisions using data in an appropriate form. List three types of MIS and how they would be used in an organisation.Double-click in the box to start typing answe

21、r and click OK if a message window appears.7 marks5 marksb) Explain what is meant by the terms open systems and closed systems as applied to systems theory. Identify, with justification and where possible, any examples of these from the information given in, or inferred from, the case study.c) Manag

22、ement Information Systems (MIS) allow managers to make timely and effective decisions using data in an appropriate form. List three types of MIS and how they would be used in an organisation.Double-click in the box to start typing answer and click OK if a message window appears.b) Explain what is me

23、ant by the terms open systems and closed systems as applied to systems theory. Identify, with justification and where possible, any examples of these from the information given in, or inferred from, the case study.c) Management Information Systems (MIS) allow managers to make timely and effective de

24、cisions using data in an appropriate form. List three types of MIS and how they would be used in an organisation.Double-click in the box to start typing answer and click OK if a message window appears.Topic 9 Performance Management, Q.29 (a)a) Assess the performance of the business in 20Y0 using bot

25、h financial performance indicators calculated from the above information AND the non-financial performance indicators provided . Note: Clearly state any assumptions and show all workings clearly. Your answer should be structured around the following main headings: turnover; cost of sales; gross prof

26、it; indirect expenses; net operating profit. However, in discussing each of these areas you should also refer to the non-financial performance indicators, where relevant. Double-click in the box to start typing answer and click OK if a message window appears.20 marksa) Assess the performance of the

27、business in 20Y0 using both financial performance indicators calculated from the above information AND the non-financial performance indicators provided . Note: Clearly state any assumptions and show all workings clearly. Your answer should be structured around the following main headings: turnover;

28、 cost of sales; gross profit; indirect expenses; net operating profit. However, in discussing each of these areas you should also refer to the non-financial performance indicators, where relevant. Double-click in the box to start typing answer and click OK if a message window appears.a) Assess the p

29、erformance of the business in 20Y0 using both financial performance indicators calculated from the above information AND the non-financial performance indicators provided . Note: Clearly state any assumptions and show all workings clearly. Your answer should be structured around the following main h

30、eadings: turnover; cost of sales; gross profit; indirect expenses; net operating profit. However, in discussing each of these areas you should also refer to the non-financial performance indicators, where relevant. Double-click in the box to start typing answer and click OK if a message window appea

31、rs.Topic 10 Divisional Performance Management, Q.30 (a,b)a) Calculate the price that Nail would charge for the garden shears under the existing policy of variable cost plus 30%.b) Calculate the increase or decrease in price if the pricing policy switched to total cost plus 10%.6 marks4 marksa) Calcu

32、late the price that Nail would charge for the garden shears under the existing policy of variable cost plus 30%.b) Calculate the increase or decrease in price if the pricing policy switched to total cost plus 10%.Topic 10 Divisional Performance Management, Q.30 (c,d)c) Discuss whether or not includi

33、ng fixed costs in a transfer price is a sensible policy.d) Discuss whether the retail stores should be allowed to buy in from outside suppliers if the prices are cheaper than those charged by Nail. Double-click in the box to start typing answer and click OK if a message window appears.4 marks6 marks

34、c) Discuss whether or not including fixed costs in a transfer price is a sensible policy.d) Discuss whether the retail stores should be allowed to buy in from outside suppliers if the prices are cheaper than those charged by Nail. Double-click in the box to start typing answer and click OK if a message window appears.c) Discuss whether or not including fixed costs in a transfer price is a sensible policy.Double-click in the box to start typing answer and click OK if a message window appears.