Comments

  1. Profile photo of Chris says

    Hi John
    Just started work into this paper today in readiness for the Dec 15 sitting (in conjunction with F6 which I finished the OT course on at lunch today). Just want to say what a comfort it is to have you lecturing this. My stomach turned when I looked at the syllabus but seeing you appear on these lectures is a saving grace. I felt the same way on the F5 paper and with you support and BPP distance learning managed 89% on that paper. Based on this lecture alone it’s a real confidence booster to have a tutor make you “understand” rather than merely “learn”. Apologies for the hyperbole but I will sleep a lot easier tonight knowing you’re running the course – my wife will be much happier too as stress levels decrease considerably which in turn makes it easier for her to live with me for the next 5 months!

    Thanks so much once again – I’m sure I speak on behalf of ALL students in our sincere gratitude for your time and effort. OT should be put forward for any and all awards for what you achieve and the time you give up without financial reward.

    Kind Regards

    Chris

  2. avatar says

    Sir,
    Does the cost of the inventory itself (in this case $25/unit) not matter? The question is about calculating the cost of Inventory p.a (which I think includes the purchase price of the inventory)

    Also if we used that, would it distort the EOQ?

    • Profile photo of John Moffat says

      The cost of the inventory of $25 if not relevant because it would be the same total cost over the year however many we order each time. We are still ordering the same total number of units over the year, and so the total purchase price will be the same. We are costing out over the year and only the total order and total inventory costs will change with the number ordered each time.

      The purchase price is only relevant if the holding cost per unit is a % of the purchase price (but only relevant for calculating the holding cost per unit), or if there are discount offered for purchasing larger quantities each time (which is dealt with in the later lectures.)

  3. Profile photo of Sophia says

    Thx for lectures,John.
    but I have a small question,I bought a latest text book published by BPP,and I planned to look though each chapter of the book after watching lectures ,but the contents of your lectures are quiet different from the book,which makes me confused %>_<%

    • Profile photo of John Moffat says

      The chapters may be in a different order, but the contents are not quite different! Our lectures go through most of what is needed for the exam.
      If you understand our lectures you do not really need to use the Study Text, but what you must have is a Revisiom Kit because it is vital to practice as many questions as possible.

      • Profile photo of Sophia says

        sorry I didn’t express myself properly, I do wanna say the order is different…
        But it’s good to know that I don’t have to go through the whole textbook coz it’s too much in the book!
        THX AGAIN!^_^

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