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ACCA F2 / FIA FMA lectures Download ACCA F2 notes
November 23, 2015 at 7:21 pm
why did you do 50/80? did not get that part
November 23, 2015 at 7:23 pm
i got it
October 9, 2015 at 2:13 pm
Thanks for your lectures.
John Moffat says
October 9, 2015 at 2:27 pm
You are welcome
October 2, 2015 at 8:53 am
October 2, 2015 at 8:48 am
50 + 40 + 10 is not 90! very funny thank you for the laughter during an accountig lecture!
October 2, 2015 at 8:43 am
great lectures they are a great help. Thank you ever so much.
October 2, 2015 at 9:09 am
I am pleased that you like them
Tai Wo says
June 5, 2015 at 12:52 am
factory heat shpuld be allocated to fACTORY
June 5, 2015 at 7:48 am
It is – all the departments are in the factory otherwise there would be no point in the whole question!!!!
July 6, 2015 at 9:13 pm
sir I don’t understand how you got 39$
July 7, 2015 at 8:21 am
I assume you mean the cost of a desk in example 3 ?!!!
Materials are $12 per unit. Labour is 4 hours x $2 = $8 per unit.
Assembly overheads are 3 hours x $3 = $9 per unit.
Finishing overheads are 1 hour x £10 = $10 per unit.
Total = 12 + 8 + 9 + 10 = $39
(You can see answers to all of the examples at the end of the Lecture Notes)
June 4, 2015 at 1:04 am
I have a question regarding the example 3.
When I address this example, I added the labour cost for assembly and finishing department.
[For example, for chairs,I added 3hr*2$(assembly) + 1hr*2$(finishing) to the answer you got in the lecture]
Is it absolbed into the each department’s overheads??
Thanks for your lecture and care.
June 4, 2015 at 7:40 am
But I have included the labour in the cost cards (you certainly don’t include them in overheads).
For chairs I have charged for labour 4 hours at $2 (which is exactly the same as having 3 hours at $2 and 1 hour at $2).
Check the answer again (it is at the back of the lecture notes).
June 4, 2015 at 7:56 am
Oh you are right.
I thought it takes 4 hrs to make chairs itself and take extra 3hrs on assembling and 1hr on finishing additionally.
Now everything is clear for me.
Thanks for the fast reply ; )
March 12, 2015 at 8:02 pm
hey, at 27:40 the lecturer talks about rounding off to the nearest dollar… my question is if we have to round off to the next dollar whatsoever the amount is i.e if the amount is $12.5 we round it off to $13 but if the amount is $12.3 do we round it to $13 or we round it to $12?????
thanking you in advance, thanks
February 24, 2015 at 8:48 am
depreciation of equipment am not getting it i thoght of 7000/3000000 why did you put nbv up instead of deprciation to be up kindly explain
February 24, 2015 at 9:25 am
The depreciation is $7,000. On the information given, the only sensible way of apportioning it is to base it on the net book value of the equipment in each department.
The total NBV of all the equipment is 300,000 + 300,000 + 100,000 = 700,000.
Since processing is 300,000 out of the total, the amount of depreciation given to processing is therefore 300,000/700,000 x 7,000 = 3,000. Same for the other departments.
October 25, 2014 at 4:52 am
why is it that people find cost accounting papers so difficult?
October 24, 2014 at 2:09 pm
to be specific accounting for overhead ‘b’ is showing Financial Reporting
October 24, 2014 at 2:17 pm
try another browser, or device..
October 24, 2014 at 1:51 pm
I have selected to watch accounting for overheads, but the video which is showing is financial reporting. Please help!!!!
September 18, 2014 at 10:12 pm
Great explanation…BTW if i was sitting their i could point out the miscalculation. I do point while listening lecture and was rechecking…thought i might be wrong…
I didn’t ever get bore during lecture. THANKS.
July 17, 2014 at 12:31 pm
Hi John. Why do you allocate the canteen expense only to canteen? I cant get the logic. Doesn’t all three departments benefit from the services of the canteen?
July 17, 2014 at 4:11 pm
In fact only 2 departments benefit from the canteen – the canteen is only there to feed the employees in the other 2 departments.
If you continue with the next example you will see that having got the total cost of the canteen, we then recharge it to the two production departments.
The approach is always the same – we first allocate and apportion overheads between all of the departments. Then we recharge the service departments to the production departments.
Example 4 specifically asks for the overheads to be split between all three departments; example 5 then asks for the canteen costs to be reapportioned to the other two departments.
June 6, 2014 at 8:12 pm
I assume that you mean example 3 and that you have downloaded the Course Notes.
The question says (about 4 lines from the end) that the remaining overheads are to be split 40% to assembly and 60% to finishing
Carl Andrew says
June 6, 2014 at 12:13 pm
Can someone explain to me why the remaining fixed over cost of $600,000 was splitted so? 40% to assembly and 60% to finishing.
August 15, 2014 at 8:02 am
It is stated in the question. @Carl Andrews
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