FNPF CBA Part 1 written Q on Variances....

stephleedz

Hi,

I am due to take my FBPF exam next week and looking for some insight on those who have already sat this exam.

My friend who took this exam early December said that the written question in part 1 of the exam on variances asked you to go into detail about every single variance for materials, labour and fixed overheads. Doing the revision kit provided my Kaplan and looking over the mock exams on the AAT website I have only come across questions where they are asking you to explain the material price variance for product A, material price Variance for product B, material usage variance for product A, material usage variance for product B, labour variances. I wouldn't really know how to answer a question on a fixed overhead variance as I have had no practice.

Also for the written question in part 2 did the majority have questions on gross profit margin or net profit margin?

Thank you all in advance for taking the time to help me.

Steph