Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › emile woolf kit
- This topic has 9 replies, 2 voices, and was last updated 7 years ago by John Moffat.
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- October 21, 2016 at 4:40 pm #345483
question states which is data among the following
A-profit in a year
B-increase in total profit than previous year
C-profit as per marginal costing
D-profit as per absorbtion costingAs per me it should be option A, as it is not solely useful for managers than the other ones.
Am i right?can u please tell the answer,as the answer is missing for some questions of ch1 in the kit due to misprint.
October 21, 2016 at 5:36 pm #345485sorry i written wrong
option A is – profit margin of a product
October 21, 2016 at 5:47 pm #345493The answer is indeed A.
Please tell me why on earth have you not contacted Emile Woolf if there is a misprint? They will either send you a new copy or an errata sheet!!
October 21, 2016 at 6:32 pm #345502NO actually i have my bpp kit.This emile woolf kit is of my friend who have already cleared the exam before and its of 2014 edition .He just had it so i took it from him.
October 21, 2016 at 7:47 pm #345504Sir also can u tell if i’m logically correct or not
Profit measures the performance of a business over a period and that information is valuable for managers to know so that they can plan out things. So profit as per Marginal, Absorbtion Costing & comparing to previous year- these are all informations. But profit margin of a product is something that is already set,and more of like a data, and itself is of no use to the manager. That’s why option A is a data that cab be used for processing.
October 22, 2016 at 9:57 am #345547But the profit margin is not something that will necessarily have been set! (They may possibly have set a gross profit margin, but they cannot have set a net profit margin)
The margin they end up achieving depends on the level of sales revenue and the level of the costs.
October 22, 2016 at 10:30 am #345556ok so option A which is a data is probably talking about gross profit margin.
if it was net profit margin then it would have become an information.right?
October 22, 2016 at 2:54 pm #345590Correct 🙂
October 22, 2016 at 4:34 pm #345604really sir john , you make it so easy
Thanks for these support
OT rocks
October 22, 2016 at 7:05 pm #345616You are welcome 🙂
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