Association of Chartered Certified Accountants Performance Management Sample Question Paper : accaglobal.com/in
Name of the Organaization : Association of Chartered Certified Accountants
Exam : ACCA Exam
Document Type : Sample Question Paper
Category or Subject : Performance Management
Year : 2017
Website : http://www.accaglobal.com/in/en/student/exam-support-resources/fundamentals-exams-study-resources/f5/past-exam-papers.html#
Download Sample March/June 2017 questions : https://www.pdfquestion.in/uploads/13758-ACCA2017.pdf
Performance Management Sample Question Paper :
Time allowed: 3 hours 15 minutes
Related :Institute of Chartered Accountants of India CA CPT Common Proficiency Test Model Paper : www.pdfquestion.in/7239.html
This question paper is divided into three sections:
** Section A – ALL 15 questions are compulsory and MUST be attempted
** Section B – ALL 15 questions are compulsory and MUST be attempted
** Section C – BOTH questions are compulsory and MUST be attempted
** Formulae Sheet is on page 6.
** Do NOT open this question paper until instructed by the supervisor.
** Do NOT record any of your answers on the question paper.
** This question paper must not be removed from the examination hall.
Section C – Both questions are compulsory and MUST be attempted :
Please write your answers to all parts of these questions on the lined pages within the Candidate Answer Booklet. 31 The School Uniform Company (SU Co) manufactures school uniforms. One of its largest contracts is with the Girls’ Private School Trust (GPST), which has 35 schools across the country, all with the same school uniform. After a recent review of the uniform at the GPST schools, the school’s spring/summer dress has been re-designed to incorporate a dropped waistband.
Each new dress now requires 2·2 metres of material, which is 10% more material than the previous style of dress required. However, a new material has also been chosen by the GPST which costsonly $2·85 per metre which is 5% cheaper than the material used on the previous dresses. In February, the total amount of material used and purchased at this price was 54,560 metres. The design of the new dresses has meant that a complicated new sewing technique needed to be used. Consequently, all staff required training before they could begin production.
The manager of the sewing department expected each of the new dresses to take 10 minutes to make as compared to 8 minutes per dress for the old style. SU Co has 24staff, each of whom works 160 hours per month and is paid a wage of $12 per hour. All staff worked all of their contracted hours in February on production of the GPST dresses and there was no idle time. No labour rate variance arose in February.
Required :
(a) Calculate the material variances in as much detail as the information allows for the month of February. (7 marks)
(b) Calculate the labour efficiency variances in as much detail as the information allows for the month of February. (5 marks)
(c) Assess the performance of the production manager for the month of February. (8 marks) (20 marks)
2 The People’s Bank is a bank based in the country of Nawkrei. It has a total of 65 branches across the country and also offers online banking (access to services via computer) and telephone banking (access to customer service agents over the telephone) to its customers. Recently, The People’s Bank also began offering its customers a range of mobile banking services, which can be accessed from customers’ smartphones and tablet computers. Its customer-base is made up of both private individuals and business customers. The range of services it offers includes:
The People’s Bank’s vision is to be ‘the bank that gives back to its customers’ and their purpose is ‘to help the people and businesses of Nawkrei to live better lives and achieve their ambitions’. In order to achieve this, the bank’s values are stated as
1) Putting customers’ needs first, which involves anticipating and understanding customers’ needs and making products and services accessible to as many customers as possible. The People’ Bank has recently invested heavily in IT security to prevent fraud and also invested to make more services accessible to disabled and visually impaired customers
(2) Making business simple, which involves identifying opportunities to simplify activities and communicating clearly and openly
(3) Making a difference to the communities they serve, which involves primarily helping the disadvantaged and new homeowners but also supporting small and medium-sized businesses (SMEs) and acting fairly and responsibly at all times Extracts from The