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January 23, 2016 at 6:00 pm
thats amazing lecture
i salute you. thanks again.
really much appreciated 😉
John Moffat says
January 24, 2016 at 9:15 am
Thank you 🙂
January 21, 2016 at 3:04 pm
I truly appreciate all your efforts. Extremely helpful lectures. specially for students like who don’t have ACCA tuition provider in the country.
Thank you very much once again.
January 21, 2016 at 3:29 pm
Thank you for your comment 🙂
October 20, 2015 at 1:21 pm
I am doing Dec.2007 question- Edward Co. and i need help in calculating the fixed production overheads per unit if you could assist me in there.
I managed to calculate variable overheads using the high low method.
October 20, 2015 at 6:12 pm
You must ask this sort of question in the Ask the Tutor Forum and not as a comment on a lecture 🙂
May 26, 2015 at 9:26 pm
Great lecture! Quick question: you said that there might be a 5 mark question asking you to come up with 2 examples of service vs manufacturing, what would those marks be allocated for? I presume that 2 marks for naming the 2 examples, 2 marks for coming up with an example, what would be the final mark for?
Thanks in advance 🙂
May 27, 2015 at 9:26 am
I only said about 5 marks – it is the examiner who decides how to allocate the marks 🙂
May 27, 2015 at 5:32 pm
April 15, 2015 at 2:13 pm
I need some more examples about non transferability of ownership and perishability.
April 15, 2015 at 2:16 pm
As we state throughout this website you need to get a current edition of a Revision/Exam Kit from one of the ACCA approved publishers. They contain lots of exam-standard questions and question practice is vital.
January 26, 2015 at 11:59 am
where is the download link to the video
January 26, 2015 at 12:04 pm
The lectures can not be downloaded – they can only be watched online.
It is the only way that we can keep this website free of charge.
December 23, 2014 at 10:17 am
Thank you so much sir. If God wills, I wont be mixing up the ABC and target costing part of the exam this time around.
May 20, 2014 at 3:46 pm
Sir, can you please tell me when calculating the expected cost per unit how I should treat with wastage and idle time. I’m doing a Dec 2007 past paper which includes both.
May 20, 2014 at 5:09 pm
(This isn’t actually a target costing problem – it could be in any question where you have to calculate the expected cost. In future, please ask in the Ask the ACCA Tutor F5 forum rather than as a comment under a lecture. 🙂 )
However……wastage and idle time are really the same problem
Suppose that 10% of the materials that we buy are wasted.
That means that for every 100 kg we buy, 10kg are wasted and so only 90 kg are available for production. Or, to put it the other way round, for every 90 kg we need for production we will need to buy 100 kg.
So….if we need (for example) 450 kg for production, then we will need to buy 450 x 100/90 = 500 kg. (and it obviously checks, but 500, waste 50 (10%) and you are left with the 450 you need).
It is exactly the same idea for idle time. Instead of materials to buy, it is hours to pay for. Instead of wastage it is idle time. Instead of materials needed for production, it is hours we need to work.
April 27, 2014 at 7:23 pm
Can reducing wastage be a possible means of closing the gap. My reasoning for this is that if we waste less materials we purchase less.
April 28, 2014 at 5:36 am
Yes – that is a possible way of reducing the cost gap.
February 23, 2014 at 7:15 am
I had not realised the value of your lectures until now that I want to sit for my F5 exam on June 2nd 2014. I however feel that on your explanations of closing the “cost gap” you did not talk about varying production levels. Here I am talking about economies of scale. I hope the cost we are talking about is not just the variable cost but also the overheads i.e fixed costs.
Won’t that be another way of closing the cost gap?
February 23, 2014 at 7:41 am
However, the problem is that economies of scale would be achieved by producing more. But there would only be point in producing more if we could sell more, and that would likely mean having a lower price.
You would usually expect the estimate of reasonable selling price to be tied in with estimate of likely demand.
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