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ACCA F2 Accounting for overheads part b
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Hello Sir John! Greetings to you!
When apportioning factory heat to packing dept you recommended rounding $1562.5 to its nearest dollar i.e. $1563 but when doing the same for canteen dept you didn’t round $312.5 to $313 but wrote it as $312. I didn’t quite get it! Could you please explain it to me?
When it is 0.5 it doesn’t matter whether you round up or down. Nobody worries in real life (or in the exam) about $0.50 馃檪
(And anyway, when we come to calculate the overheads per unit, which we always round to the nearest cent, it does not affect the answer at all.)
Hi, for the depreciation costs why is it 3/7, 3/7 and 1/7?
Because the value of the machines is 300,000; 300,000; and 100,000, which is 700,000 in total.
Hi John
why do we need to include service overheads into production?
why can’t we list it Independently ?
Because the ultimate purpose is to get the cost of units produced, and the service departments do not produce anything.
Your explanations are very clear and logical. You are an excellent lecturer indeed.
Thank you for the comment 馃檪
thank you for your wonderful lectures they made f2 very easy for me.
Thank you for your comment 馃檪
I wonder if he actually knows that he’s a great lecturer. Working away, enjoying the problems like…for free! What a legend!!!
Thank you very much for your comment 馃檪
You are definitely paying it forward in helping millions free of charge… Thank you for your amazing lectures and kind heart..?
You are welcome, and thank you for the comment 馃檪
gr8 leacture gr8 teacher open tuition is doing excellent for those who cant afford study or for those who want to do self study
wonderful lecture gr8 teacher
Thank you for your comments 馃檪
Hello.
Why did you take 90 for welfare costs?
And it is not 50+40+10?
Please explain me. I’m confused.
Didn’t watch what came after. I’m sorry.
OK 馃檪
why did you do 50/80? did not get that part
i got it
Thanks for your lectures.
You are welcome 馃檪
accounting
50 + 40 + 10 is not 90! very funny thank you for the laughter during an accountig lecture!
great lectures they are a great help. Thank you ever so much.
I am pleased that you like them 馃檪
factory heat shpuld be allocated to fACTORY
It is – all the departments are in the factory otherwise there would be no point in the whole question!!!!
sir I don’t understand how you got 39$
I assume you mean the cost of a desk in example 3 ?!!!
Materials are $12 per unit. Labour is 4 hours x $2 = $8 per unit.
Assembly overheads are 3 hours x $3 = $9 per unit.
Finishing overheads are 1 hour x 拢10 = $10 per unit.
Total = 12 + 8 + 9 + 10 = $39
(You can see answers to all of the examples at the end of the Lecture Notes)