Take This Quiz & Predict Your Score in the coming CA CS or CMA Exam!
  • How important it is for you to pass the exam in this attempt?
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ACCA F5 performance management specimen exams

ACCA F5 performance management specimen exams

ACCA F5 performance management specimen exams: The structure and format of F5-F9 exams (F6 UK only) are changing from September 2016. If you are preparing to take F5 Performance Management, in either the paper or CBE format, you should familiarise yourself with the exam style.

New versions of the F5 specimen exams can be found below. These will help you understand how the exam will be assessed, structured and the likely style and range of questions that could be asked.

Computer-based exam (CBE) specimens

Paper-based exam specimens


Before using the CBE specimen exams, you should look at the following:

  • Your guide to ACCA CBEs (F5, F6 (UK), F7, F8 and F9) (PDF, 3MB)
  • Guide to F5-F9 CBE specimen exams
  • Video: an introduction to F5 CBEs
  • Information about exam duration

ACCA F5 performance management specimen exams

The specimen exam indicates how the live exam will be structured and assessed, and the likely style and range of questions that could be asked.

You should use the specimen exam to become familiar with the question types and the features and functionality contained within the live exam.

The specimen exam is reflective of the live exam experience but has some differences:

• There is no timer in the specimen exam however the live exam will have a time limit.

• The live exam is worth a total of 110 marks, 10 marks of which are for questions that do not count towards your final result and are included for quality assurance purposes. This specimen exam is worth a total of 100 marks, reflecting the element of the live exam on which your result will be based.

• In the live exam your answers to the constructed response questions will be expert-marked. In the specimen exam you should use the solution material provided to assess your performance.

• Solution material is provided for each question in the specimen exam and can be accessed by selecting from the top toolbar.

• If you want to sit the specimen exam in exam style conditions you should answer the questions presented within a 3 hour time period without reviewing the solution material.

• In the live exam you will be able to highlight and strikethrough text in the question scenario (this feature is not currently available in the specimen exam).

ACCA F5 performance management specimen exams: Demo Of the Question paper:

Please use the grid provided on page two of the Candidate Answer Booklet to record your answers to each multiple choice question. Do not write out the answers to the MCQs on the lined pages of the answer booklet. Each question is worth 2 marks.

  1.  company manufactures two products, C and D, for which the following information is available:

Product C Product D Total Budgeted production (units) 1,000 4,000 5,000 Labour hours per unit/in total 8 10 48,000 Number of production runs required 13 15 28 Number of inspections during production 5 3 8 Total production set up costs $140,000 Total inspection costs $80,000 Other overhead costs $96,000 Other overhead costs are absorbed on a labour hour basis. Using activity-based costing, what is the budgeted overhead cost per unit of Product D?

A $43·84   B $46·25   C $131·00   D $140·64

2. The selling price of Product X is set at $550 for each unit and sales for the coming year are expected to be 800 units. A return of 30% on the investment of $500,000 in Product X will be required in the coming year.

What is the target cost for each unit of Product X?

A $385·00  B $165·00  C $187·50   D $362·50

3 P Co makes two products, P1 and P2. The budgeted details for each product are as follows: P1 P2 $ $ Selling price 10·00 8·00 Cost per unit: Direct materials 3·50 4·00 Direct labour 1·50 1·00 Variable overhead 0·60 0·40 Fixed overhead 1·20 1·00 ––––– ––––– Profit per unit 3·20 1·60 ––––– ––––– Budgeted production and sales for the year ended 30 November 20X5 are: Product P1 10,000 units Product P2 12,500 units The fixed overhead costs included in P1 relate to apportionment of general overhead costs only. However, P2 also included specific fixed overheads totalling $2,500.

If only product P1 were to be made, how many units (to the nearest whole unit) would need to be sold in order to achieve a profit of $60,000 each year?

A 25,625 units   B 19,205 units   C 18,636 units   D 26,406 units

4 Which of the following statements regarding environmental cost accounting are true?

(1) The majority of environmental costs are already captured within a typical organisation’s accounting system. The difficulty lies in identifying them

(2) Input/output analysis divides material flows within an organisation into three categories: material flows; system flows; and delivery and disposal flows

(3) One of the cost categories used in environmental activity-based costing is environment-driven costs which is used for costs which can be directly traced to a cost centre

(4) Environmental life-cycle costing enables environmental costs from the design stage of the product right through to decommissioning at the end of its life to be considered

A (1), (2) and (4)   B (1) and (4) only   C (1), (3) and (4)   D (2) and (3) only

5. To produce 19 litres of Product X, a standard input mix of 8 litres of chemical A and 12 litres of chemical B is required. Chemical A has a standard cost of $20 per litre and chemical B has a standard cost of $25 per litre. During September, the actual results showed that 1,850 litres of Product X were produced, using a total input of 900 litres of chemical A and 1,100 litres of chemical B. The actual costs of chemicals A and B were at the standard cost of $20 and $25 per litre respectively

Based on the above information, which of the following statements is true?

A Both variances were adverse

B Both variances were favourable

C The total mix variance was adverse and the total yield variance was favourable

D The total mix variance was favourable and the total yield variance was adverse

ACCA F5 performance management specimen exams

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