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ACCA F5 Types of budget Example 2

VIVA

Reader Interactions

Comments

  1. loukasierides says

    July 28, 2018 at 9:34 pm

    Dear Sir,

    once again, thank you very much for an excellent lecture, and happy 10th birthday!

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    • John Moffat says

      July 29, 2018 at 10:52 am

      Thank you for your comment 馃檪

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  2. haluong0107 says

    May 25, 2018 at 4:25 pm

    Dear Mr. Moffat,

    I have watched most of your lectures and find them very understandable and informative. However, I have one concern which is related to fixed overheads. In this example 2, it is required to prepare the flexed budget and what you did was that you kept the fixed overheads unchanged, as the nature of fixed cost.

    However, in another lecture of yours, which is chapter 13, basic variances analysis topic, requiring preparation of flexed budget and calculations of variances, you treated fixed overheads changed as other variable costs.

    Can you please clarify this?

    Thank you and wish all the best!

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    • John Moffat says

      May 25, 2018 at 5:54 pm

      If we are simply flexing a budget then we keep total fixed overheads the same because the total will not change, by definition.

      In the lectures on variances, I do flex the fixed overheads when we are doing absorption costing, but I make it clear in the lecture that I am only doing it to explain why the fixed overhead volume variance appears. You will not be expected in the exam to flex fixed overheads, but you are expected to understand the variances (and are tested on your understanding) – not simply learn rules – which I why I did this.

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  3. alaa91 says

    August 23, 2017 at 12:05 pm

    very helpful

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    • John Moffat says

      August 23, 2017 at 3:31 pm

      Thank you for the comment 馃檪

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  4. chrismary says

    May 20, 2017 at 10:47 am

    I have had difficulties understanding fixed, flexed and actual budget calculations. but, with this lecture, I now fully understand them and well prepared to face them in the exam no matter how twisted they appear.. Thank you Sir.?

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    • John Moffat says

      May 20, 2017 at 7:21 pm

      You are welcome (and thank you for the comment) 馃檪

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  5. John Moffat says

    February 28, 2017 at 6:02 am

    Effectively yes. Strictly flexible budgets are prepared in a way that can be easily flexed (so fixed and variable costs show separately).

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  6. pmon4 says

    February 27, 2017 at 8:04 pm

    Hi – I am assuming that flexible budgets and flexed budgets are the same thing – can you please confirm. Thanks

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