PM is a 3-hour computer-based exam in three sections, worth 100 marks in total, with 10 minutes before it starts to read the instructions. Every question is compulsory and a formulae sheet is provided.
Length
3 hours, computer based
Section A
15 objective test questions of 2 marks, 30 marks
Section B
3 scenarios, each with 5 questions of 2 marks, 30 marks
Section C
2 constructed response questions of 20 marks, 40 marks
Pass mark
50%
Section A: 30 marks
15 objective test questions of 2 marks. ACCA says they can cover any area of the syllabus.
Section B: 30 marks
3 questions, each a short scenario with 5 objective test questions of 2 marks on it. Each question is marked on its own, and the scenarios can cover any area.
Section C: 40 marks
2 constructed response questions of 20 marks. ACCA's study guide says one comes from performance measurement and control, the other from decision-making techniques and/or budgeting and control, and either can include parts on information systems and data analytics or on environmental and sustainability accounting.
The syllabus
A Management information systems and data analytics
B Specialist cost and management accounting techniques
C Decision-making techniques
D Budgeting and control
E Performance measurement and control
Sessions and results
PM is a session exam, sat in one of four sessions a year: March, June, September and December. ACCA says results come about 6 weeks after the exam.
Try 3 questions
Question 1 · Section A · Syllabus B12 marks
Activity-based costing
Holt Co makes two products, Standard and Deluxe. Its overheads for the year are set-up costs of $150,000, purchasing costs of $108,000 and machining costs of $120,000. Set-up costs are driven by the number of set-ups, purchasing costs by the number of purchase orders and machining costs by machine hours. Direct labour is paid $15 an hour.
Standard
Deluxe
Output (units)
20,000
5,000
Direct material per unit
$20
$35
Direct labour hours per unit
2
4
Machine hours per unit
1
2
Number of set-ups
10
40
Number of purchase orders
30
90
Deluxe sells for $160 a unit.
Under activity-based costing, what is the profit per unit of Deluxe, to the nearest cent? (2 marks)
$
Question 2 · Section A · Syllabus D12 marks
Budgetary systems and types of budget
Ulverston Co's customer service department has two activities. This year, processing returns cost $96,000 for 4,000 returns, and handling calls cost $150,000 for 25,000 calls. Both costs vary in proportion to their drivers.
Next year Ulverston Co expects 52,000 orders, of which 10% will be returned, and 28,000 calls. The cost of each activity will rise by 5% for inflation.
What is the activity-based budget for the customer service department next year? (2 marks)
$
Question 3 · Section A · Syllabus C42 marks
Pricing decisions
When Arden Co raised the price of its product from $20 to $22, monthly demand fell from 5,000 units to 4,400 units. Percentage changes are measured from the original price and quantity.
What is the price elasticity of demand, ignoring the minus sign, to one decimal place? (2 marks)
15 objective test questions in Section A, 3 scenarios of 5 objective test questions in Section B, and 2 constructed response questions in Section C: 30 objective test questions and 2 written questions.
How long is the ACCA PM exam?
3 hours, plus 10 minutes beforehand to read the exam instructions, as ACCA's study guide describes.
When can I sit PM?
In one of ACCA's four exam sessions: March, June, September and December. PM is not an on-demand exam.