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Cost classification part a
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Q. Labor is assumed to be a variable cost, would it appropriate to be fixed if the salary has no reference to the no. of unit produced?
Yes – provided it does not change with the level of production.
this is very beneficial and very easy to learn
i have a question and i really need help with it.
A particular cost is fixed in total for a period, what is the effect on cost per unit of a reduction in activity of 50%?
Sir, in the last study book of BPP for F-2 there is additional division for direct/indirect costs. For instance direct costs consist of : Direct Material, Direct Labor and 3rd one Direct Expenses. As an example for Direct expenses they show:
The hire of tools or equipment for a particular job
Maintenance costs of tools, fixtures and so on.
It makes things more confusing and it is almost impossible to allocate these costs to cost unit. Could you please, clarify this?
I am not really sure that I understand what your problem is.
Direct expenses are those expenses that can be allocated or measured directly for a specific job or for a specific cost unit.
If we are costing a specific job, then hire of tools etc. can be measured directly and would be regarded as direct costs.
If we were costing units (which is more likely) then hire of tools etc. can not normally be measured for each individual unit and would be treated as indirect expenses.
Thank you very much!!
It seems they just didn’t clearly explain that in such situations Specific Job is considered as cost unit. However it was written here that “Direct expenses are charged to the PRODUCT as part of the prime cost”. Is it possible to cosider the word PRODUCT as specific job?
Usually we are costing individual units and in that case direct expenses are those that can be measured for each unit (for example, royalties payable per unit).
In some situations you can regard the product as being a specific job, as you write.
It seems that the text book is a bit confusing
Thank you for reply!
Yes, and it seems i will switch to textbooks of Opentuition
HELP!!!!
Two budgets are given below:
Output(units) 1,000 2,000
Budgeted cost 2,500 3.500
The total fixed costs estimated for the 2,000 units budget are 20% higher tha the total fixed costs for the 1.000 units budget.
What is the budgeted variable cost/unit of output?
You have posted the same question everywhere
The answer is $0.625, use algebra.
How did you work this question. Please show working. Thank you!
i am not able to see the video of this chapter, are there any?
Yes there is a video on this page. try another browser. like google chrome
excellent
Hi
I am in South Africa and I struggling to view the videos. what can i do or what can I check for?
try another browser, like google chrome
Its great lectures, are theses videos downloadable? pls could somebody help and explain.
No, you can only watch lectures on line
great leacture thank u sir
it’s easy to understand, thank you very much
This is sweet. Opentuition makes it so interesting.
Great lecture. Thanks for open tuition, amazing help in understanding.
thanks from opentuition.com, it is really usefule and easy to learn from notes and lecures.
Please,can anyone tell me which one is the lecture for Regression analysis??????????? Thanks
@qiuxiabowry, If I am not late to reply for your query ,Regression Analysis Leture is found in ACCA F2 Chapter 17 Semi- Variable Costs(Business Mathematics) .Very interesting lecture by John Moffat. Best of Luck
thank you make it seem so simple
Very difficul to play these vidoos.
@ahmeem9019, its fairly simple to play the videos. try using a different browser from the one you are using and try.
Great lectures and lecturer – easy to understand the whole meaning. All is left – to remember)). I also like sense of lecturer’s humour!!!!!
thx it is really useful i was unable to understand in class but learn it here….
I NEED BOOKS FOR F2 + F3
DOES ANYONE HAVE BOOKS OR KNOW WEBSITE FREE ???
Nice and simple, thanks a lot for the help.
what will be the cost unit for a car manufacturer?
@devikaramlugun, As it was said in the lecture: an appropriate cost unit for a car manufacturer is one car.
loved it,plain and simple.
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ThAnKu SiRrr!!!
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