Risk and Uncertainty - Maximin - ACCA Performance Management (PM)

Risk and Uncertainty - Maximin - ACCA Performance Management (PM)
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[@blackm9063]

Thank you

[@sipokazispokazi5880]

Please show the questions you're working with on screen so that we could understand what we see sir👏👏

[@opentuition]

Download our free PM lecture notes from OpenTuition.com

[@mirafzalraxmonov2627]

@opentuition have you uploaded Environmental costing lectures as well, because recent PM exam asked for EVM ?

[@opentuition]

Of course, because it has been in the syllabus for many years now. You can find an index linking to all of our lectures on our free website.

[@AbdulRahman-kn5zw]

calculation at 14:21 (c) is wrong. It should be 900x5 + 700x3. Right sir? My answer comes to 6600 instead of yours 4600. And as well other values are also wrong such as uncertainity at 700 and fixed contract 800.

[@opentuition]

No - all the figures in the lecture are correct (and you can check with the printed answer in the free lecture notes also). They cannot sell 900 to 'normal' customers and 700 to the contract customer because that would mean producing a total of 1,600 units nut the first like of the question says that the capacity is only 1,200 units! Therefore they will sell 700 to the contract and only have the remaining 500 available to sell to the 'normal' customers, which will give $4,600. I do explain this in the lecture.

[@AbdulRahman-kn5zw]

@@opentuition Ohkay Sir. Thank you !

[@azaanmohammed21]

Why 300 × 3 and 400 ×5 ??

[@opentuition]

Because the profit on 'normal' sales is $5 (11 - 6) and the profit on sales to the customer on contract is $3 (9 - 3). (I assume that you have downloaded the free lecture notes from our website and so you have the question in front of you :-) )

[@azaanmohammed21]

@@opentuitioncan i get past question papers from your website m

[@opentuition]

@@azaanmohammed21 No - you can download recent papers from the ACCA website, but you need to buy a Revision Kit from one of the ACCA approved publishers (BPP and Kaplan) because they have older past exam questions but only those that are still relevant (because the syllabus has changed over the years) and also they are in the current exam format (because the format of the exam has changed also) :-)

[@azaanmohammed21]

@@opentuition currently I have BPP revision kit 2019's is that enough ?

[@opentuition]

@Gisore Francois As I am sure you realised if you have looked at the question and if you have watched the lecture, then it was just a mistyping in my answer and that the profit on contract sales is 9 - 6 = $3.