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May 3, 2014 at 11:49 am
I am doing FIA FA1,FA2, MA1 MA2 in June I wish I has found these videos earlier then I would not feel so lost in my class. Thank you. i watch your videos and work along with the examples before I go to my accounting classes each week. Your videos makes the topics so much clear.
April 29, 2014 at 5:35 pm
For example 3, any reason why supervisors salary is considered while calculating absorption rate? I understand supervisor’s salary is non-production cost. Please help. Thanks!
John Moffat says
April 29, 2014 at 6:09 pm
Assuming that the supervisor is in the factory (supervising the factory workers) then he is a production overhead 🙂
May 1, 2014 at 10:42 am
unless otherwise specified in a question, it would be part of production overhead?
May 1, 2014 at 11:01 am
Yes – although it would almost certainly be specified.
September 23, 2013 at 3:20 pm
Thank you it is helpful. I hope the lecture also shows how can tacle the exam Q&A techniques.
God bless Opentuition!!
September 7, 2013 at 1:35 pm
Hi John, the video doesn’t.work for overheads part b …. It gets stuck on 5:13 … Could you take a look please?
Btw … Good course I have been learning with a view to take F1 2 and 3 in december but could do with lots of practice questions? Any suggestions ? Thanks… Simon
September 7, 2013 at 7:19 pm
The video is OK – I think it must be your internet connection.
For practice questions you really need to get hold of revision/exam kist from one of the approved publishers.
September 3, 2013 at 1:48 am
Can I get the working for test question 4 (chapter 7). The answer is £2840 but how is this calculated? And would it not be more helpful to show how you get to the answer rather than just give an answer? Just a suggestion. Thanks anyway for the help and its is much appreciated.
September 3, 2013 at 8:41 am
I assume you mean test question 5 🙂
Because the labour is $400 in total and is paid $8 per hour, it means that there must be 50 hours of labour.
Production overheads are $26 per labour hour, and so total production overheads are 50 hours x $26 = $1300.
The prime cost is materials + labour = $300 + $400 = $700, and so the non-production overheads are 120% x $700 = $840.
So……the total cost of the job is $300 (materials) + $400 (labour) + $1300 (prod o/heads) + $840 (non-prod o/heads) = $2840
September 4, 2013 at 12:24 am
Yep that’s the one. So it was just dividing the 8 per hour by labour, make sense. Thanks for the quick reply.
August 21, 2013 at 11:21 am
Trying to get lectures on overhead. How do i get them
June 11, 2013 at 4:34 am
Why don’t we allocate Factory canteen expense base on the Number of Employees ?
June 11, 2013 at 6:22 am
We have apportioned it on the number of employees.
You could have apportioned it earlier (and would have got the same final answer), but since it is a cost centre on its own it is more sensible to get the cost of the canteen separately and then apportion this cost on the basis of the number of employees.
May 15, 2013 at 1:23 pm
ok i still dont get what he was doing at 23:55. did you divide 50 by 80??? or what?? because im trying to understand but still i dont get i.
May 15, 2013 at 2:24 pm
The answer is in one of the posts below.
The total space is 80,000 m^2. Of this, 50,000 is processing. Therefore processing has been given 50,000/80,000 of the total cost. (50/80 is the same as 50,000/80,000)
May 14, 2013 at 7:00 pm
Thank you for the great lecture! Very helpful!
December 16, 2012 at 3:18 am
Hi I don’t understand 23.55 where did he get 50/80000 I know 80000 is the total but I don’t know where he got the 50% from can some one help me plz
December 16, 2012 at 3:59 pm
@hussain87, Its not 50%! It is 50,000/80,000 (or 50/80) because processing has 50,000 space out of a total space of 80,000.
November 26, 2012 at 7:55 pm
thanks good job
October 29, 2012 at 4:17 pm
Thanks Open Tuition
October 2, 2012 at 9:27 pm
very clear and concise, it all makes more sense, i can rewind, pause certain parts i wasn’t too sure about previously and it’s all freee!! shazia siddiq
September 26, 2012 at 2:35 pm
Wonderful is all that I can say
August 21, 2012 at 1:15 am
Please where and how can i get the examples sheet they are solving? Thanks.
August 21, 2012 at 7:24 am
@examsuccess, If you look above the lecture it explains that all the lectures are using the free Course Notes that are available on this website.
July 18, 2012 at 5:21 am
Really good explanation, thanks so much.
Uzair Tareen says
July 4, 2012 at 3:25 pm
Can’t seem to play the above video ”accounting for overhead Part b”, I am getting the following message:
Server not found: rtmpt://r.acca.opentuitioncom.netdna-cdn.com:80/play
July 4, 2012 at 4:44 pm
you are behind a firewall, contact your internet provider to check this for you and un block it,
M. Osman Kamran says
June 27, 2012 at 5:57 am
Great ! It is really wonderful lecture and thanks alot from opentition.com people that help us for free learning.
June 5, 2012 at 12:14 am
excellent thank you
May 3, 2012 at 11:19 am
it helps me a lot thx
April 29, 2012 at 12:58 pm
It was really helpfull .
Thank you so much !!
April 29, 2012 at 12:57 pm
It was really helpfull .
Tahnk you so much !!
April 29, 2012 at 12:56 pm
It was really helpfull ..
Thank you sO much 🙂
March 21, 2012 at 3:50 pm
wow this was brilliant!! wayyyy more better than reading notes! uuuf
March 9, 2012 at 7:19 am
March 7, 2012 at 5:07 pm
please help no sound
March 5, 2012 at 1:13 pm
simple and clear workings & gorgeously explained :).
You did try n be pretty in your workings tho 😛
February 8, 2012 at 2:11 pm
REALLY GOOD & HELPFUL
MUST WATCH IT GUYS……………………………………………….
February 3, 2012 at 10:49 am
Just brilliant! Thank you!
December 30, 2011 at 6:06 pm
Very effective for practice.
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