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Process Costing – Losses (part a)
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you are the best teacher,i am so saturated by your lectures that i am only listening in to learn your upper class english accent.thanks a million and keep up the good work
Thank you very much, but my accent is certainly not upper class!! I am originally from Manchester and we are not upper class in Manchester
why cant play the video?
Brilliant! thanks so much!
this is magnificent
should not be assumption there that 1 unit contains 1 kg of material(a unit=a kg)? Because, under heading kg you say units..
@gahraman, I say at the beginning of the lecture that in this example it is in kg rather than in units. The same happens in the examination.
where is the loss a/c?
@adnanaadi101, What loss account? There is no loss account unless there are abnormal losses or gains. Watch the later lectures where there are abnormal losses and gains.
superb
“Happy Happy”…. You deserve a high 5 lecturer, this is superb!
Short Class very interesting with more simplicity .Thanks you Opentuition Team.
Great!
I love these lectures. Thank you
i cant get this video to play
very clear understandable and enjoyable
The course notes and the lecture both explain this.
In example 1, the losses have no sale value.
In example 2, the losses are sold for $5 a kg and any sale proceeds of normal losses are subtracted from the costs (i.e. treated as a negative cost)
@johnmoffat, Thanks I have got it now.
In the Example # 2 the 300 KG of Normal loss whose value will be 1500$ (300* 5$) but why this value 1500 $ has been subtracted from the value 52800 $? Explain this.Because in the example #1 the Value of Normal loss was not subtracted only the kg value was subtracted.
@maniali272, Because in the second example the damaged material will be sold per Kg $5.