OpenTuition.com Free resources for accountancy students
Free ACCA and CIMA on line courses | ACCA , CIMA, FIA Notes, Lectures, Tests and Forums
ACCA F2 / FIA FMA lectures Download ACCA F2 notes
December 18, 2017 at 7:48 pm
Dear Sir, using the Direct method, are the service centers’ costs apportioned to the production centres only while using the step method the service cost centers’ costs reapportioned to the production centers and to each other and that is when the algebraic or serial repeated reapportionment necessary ?
John Moffat says
December 19, 2017 at 7:45 am
December 19, 2017 at 7:14 pm
Thank you very much
December 20, 2017 at 8:42 am
You are welcome 🙂
February 14, 2017 at 1:18 am
Hello sir can you explain to me in a little bit of detail how you arrived at 0.975. I don’t quite understand. Thanks in advance
February 14, 2017 at 7:21 am
But I explain in the lecture (and of course in the printed answer in the lecture notes).
Halsey Irwin says
November 29, 2016 at 2:47 pm
sir in the last part of recharging the maintenance in example 6, why did you use 50% for product x?
November 29, 2016 at 5:05 pm
I do say in the lecture, that when it gets so small there is little point in carrying on precisely.
Do so if you want, but it will not change the final results.
August 16, 2016 at 11:02 am
Morning John, At 09:36 of the video lecture you refer to the test on Page 43- Question 1
I can’t find it in the lecture notes ?
August 16, 2016 at 3:26 pm
Sorry – I need to amend the lecture because there used to be tests at the end of each chapter in the lecture notes, but now we have removed them.
Instead we have online practice tests for each chapter – they are linked from the main Paper F2 page.
April 14, 2016 at 4:54 pm
Hi, may I ask why you ignore cents in the working? Will I be reprimanded in the exam for including it as it’s sort of stuck in my head by my old teachers to always use cents when calculating monetary figures.
April 14, 2016 at 7:25 pm
It depends on the question.
If they want cents then the question will say so. Usually it will be wanted to the nearest dollar when calculating the total overheads,
(Although obviously, as I explain in the lecture, more likely it will be to the nearest cent if you are asked for the unit cost.)
January 12, 2016 at 11:33 am
Midway through this video you ask the students to attempt the test question? Where do you get these particular questions?
Many thanks for your great videos/lectures!
January 13, 2016 at 8:24 am
In the free lecture notes – you need the lecture notes in order to follow the lectures (and the link for downloading them is above the lecture).
January 28, 2016 at 10:44 pm
Hi John, I have the same question as above. With the free lecture notes it goes straight from Example 5 on pg 31, to Example 6 on page 32. There is no example that I can see (nor any question on the Test Questions available online) that match the question you refer to…..albeit I can still follow the workings.
January 29, 2016 at 7:49 am
Sorry – the question no longer exists. I must re-record the lecture.
February 14, 2016 at 12:58 pm
Shouldnt the total of the Production department X be 27,283? and not 90,284? Thank you!
February 14, 2016 at 1:09 pm
How can it be 27,283 when 70,000 had already been allocated directly to that department before reallocating the service departments? The answer in the lecture is correct.
February 14, 2016 at 1:20 pm
sorry i wrote 7,000 instead of 70,000. My mistake! i looked at it like 3 times and didnt spot it. silly me. Thank you for the prompt response Jhon! your amazing!
February 15, 2016 at 7:35 am
Vivian Ying says
December 14, 2015 at 2:03 pm
Hi,John.For Question 1,I don’t understand why need to do twice?Is for what purpose and when we know need to use this method?
December 14, 2015 at 2:30 pm
Do you mean test question 1?
If you do, then I don’t know what you mean about needed to do twice. There are two methods of arriving at the solution and you can do it whichever way you prefer (and I do say this in the lecture).
This would only be asked as a multiple choice question and for these nobody looks at your workings. You do it whichever way you find the easiest.
December 14, 2015 at 2:33 pm
OK.Thank you for your guide.
December 14, 2015 at 2:40 pm
October 20, 2015 at 2:24 am
Great lecture..does it matter which service cost centre you reapportion first?
October 20, 2015 at 7:54 am
No – it will end up with the same answer. (Try it and see 🙂 )
October 5, 2015 at 12:52 am
Finally I understand reapportioning using the repeated distribution method. Thank you John.
August 23, 2015 at 2:58 am
Hi I really like the approach of your teaching, it is really easy to follow, does opentuition have lectures for F3 in pounds,cause everything i see is in dollars
August 23, 2015 at 5:46 am
The lectures use $’s simply because all of the ACCA exams are in $’s. (The entries are exactly the same whatever the currency)
August 24, 2015 at 9:21 pm
May 19, 2015 at 4:16 am
The last recharge M total $4: 50% for X ($2) 40% for Y ($2). I don’t understand. Can you explain for me? Thanks.
May 19, 2015 at 8:03 am
It is simply that we are rounding to the nearest $. (There is no need to work in cents 🙂 )
May 12, 2015 at 9:10 pm
Hello, Thank you for the lectures. Is there a possibility to buy a kindle version of the support notes? I transferred them to my kindle through my amazon account, the conversion is better than expected considering the many charts, still I cannot acces the table of contents and some formulas are harder to read.
May 12, 2015 at 10:57 pm
No, sorry, we do not offer Kindle version, just the PDF (glad to hear that basic conversion worked for you.) as you know there are many different kind of devices and standards and we can’t start offering them all, at least for now.
October 15, 2014 at 2:42 pm
If I start with Stores first , recharge Maintenance , will I reach the same answer ?
October 15, 2014 at 4:36 pm
Yes you will. (Try it and see 🙂 )
October 16, 2014 at 2:46 pm
Thank You Sir.
July 1, 2014 at 2:01 pm
Hello Sir.. Thank you so much for teaching the repeated distribution method systematically.. I was so lost in class when my lecturer taught us. Thanks once again 🙂
July 1, 2014 at 2:07 pm
You are welcome – I am pleased that the lecture helped 🙂
May 26, 2014 at 8:34 am
Hi during reaportioning the service centres and rounding to the nearest dollar, what if your answer is different from the correct one in the multiple choice? Thanks
May 26, 2014 at 8:51 am
The choices of answers will be different by a big enough amount in the exam for it not to be a problem 🙂
May 25, 2014 at 6:04 pm
Hi! ok if the question mentioned the percentage of X first and then for Y, why do we calculate recharging for Y first?? Thanks
May 25, 2014 at 6:09 pm
It does not matter which one you recharge first – you will end up with the same final answer. (Try it yourself and you will see that I am correct 🙂 )
May 25, 2014 at 4:36 pm
sir in question 1 on depart. A how did you get that value of 9000 for service cost center Y i kinda lost it nd cant figure it out :/
May 25, 2014 at 5:04 pm
Department Y is 30,000.
When we come to recharging, the little table in the question says that Y does 30% of its work for department A.
30% x $30,000 = $9,000.
April 21, 2014 at 4:20 pm
Love open tution GOD bless u ??????
April 18, 2014 at 6:15 pm
Can you please explain Question 4 on the test question,From CH7 not sure how you got 13 euro for ans
April 18, 2014 at 9:59 pm
Department X has total overheads of $88000.
The total hours worked in dept X are (8000 x 3) + (8000 x 2.5) = 44000
So the overhead absorption rate is $88000/44000 = $2 per hour.
You can do the same for Dept Y and work out overheads per hour for Y.
To calculate the cost per unit for product M, it is 2.5 hours at the adept X rate, plus 2 hours at the Dept Y rate.
( incidentally, there are no euros in paper F2 – everything is in dollars 🙂 )
In future, if you want me to answer a question, then please ask it in the Ask ACCA Tutor Forum. I can not always read comments below lectures.
February 15, 2014 at 1:11 pm
Sir, at the last line ( recharge for M ) why did you take 50 % instead of 45 % for x ? and why did for y it remains the same ’45 %’ ?
January 24, 2014 at 5:34 pm
Hi sir just wondering about question 1. Why have you reapportioned X again to get the figure 1500 to add to A?
January 24, 2014 at 5:52 pm
Sorry, but I am a bit puzzled which question you are referring to. Do you mean question 1 of the test at the end of the chapter? (If you do, then I don’t know where you get the 1500 from)
October 29, 2013 at 4:40 pm
Great tutor! I wish I could be in that class! I hear a lot of Latvian names been mentioned in this class. Where is this based? I’m Latvian myself but study from home with BPP.
October 29, 2013 at 6:20 pm
Maybe it’s time to come back home 😉 to Riga 😉
September 25, 2013 at 8:05 am
Thanks a mill. Opentuition.Com. Why need recharge the service cost center over production?
September 25, 2013 at 4:31 pm
Because we need to absorb the overheads over the production, but the service centre does not produce anything – it just does work for the productions centres that do produce units.
September 18, 2013 at 9:11 pm
Hello teacher, i understood this chapter very clearly but when i opened the kaplan an bpp kits to solve them i found questions of under absorbed and over absorbed ovhds. There is no lecture on this topic?
September 19, 2013 at 11:13 am
The lectures are with the chapter on absorption costing.
July 26, 2013 at 2:08 am
You are AWESOME SIR!!!! . Dont let anyone tell u otherwise 🙂
July 15, 2013 at 4:38 pm
these easy understanding lectures are saving my life! Thanks a lot!!.
I have a question around 5:35 at recharge canteen cost. Why dont we dived 50/100 and 40/100 instead of 50/90 and 40/90 since there are total 100 employees?
July 26, 2013 at 2:16 am
You are absolutely right.He made a mistake the first time which he corrected later on in the lecture
July 26, 2013 at 2:28 am
oh sorry i thought u were talking about the previous lecture. The reason that he didnt use 100employees is because 10 employees are of the canteen depaertment. He is recharging the total canteen costs to the production departments which have total of 90 employees.
October 23, 2015 at 8:43 am
i also have the same ques, why we counting 90 employees… thanks Nouman for the answer.
July 14, 2013 at 2:10 pm
Dear sir, i want to know which book or notes or kit is using in these lectures?? so that i can practice same question… plz rply fast
July 14, 2013 at 10:07 pm
All the lectures are based on the OpenTuition course notes which you can download on this site
April 22, 2013 at 10:02 pm
This is really good because the BPP notes don’t explain anything and use unnecessarily complicated examples!
April 23, 2013 at 6:59 am
Thank you 🙂
March 14, 2013 at 1:47 am
really appreciate for all of your work , hope this website will last forever , it a great touch for all of the ACCA students , and really thanks
December 15, 2012 at 8:44 am
these lectures are really great…thanks to lecturer for really helping me 😀 likes likes cheers to the lecturer
October 14, 2012 at 3:41 pm
Thanks opentuition for the lectures, very good OT
September 26, 2012 at 3:18 pm
Self study made easy via Open Tuition for Free.
September 20, 2012 at 11:44 pm
Thanks a lot to Open Tution ,….absoultely very help ful but i dont want to get too much excited becoz i have a fear that if this website will be closed or stop serving coz of so many reason their rivals or other ACCA tution proivder may force them to close it down for free ,…..:( I Pray its never happen ….Thanks Again all team members behind this great job ….highly appreciated and please keep educating the world and serve the humanity !!
December 16, 2012 at 3:55 pm
@amin22, Thank you 🙂 And we have no intention of closing down 🙂
September 12, 2012 at 12:40 pm
seems like i almost dont need the bpp text book anymore………….you are that good OT!!! hmm……..now it begs me to wonder if i new of these lectures before taking my F1 exam would my results be much much higher?
September 4, 2012 at 3:11 pm
I have nothing to say to open tuition team rather than to say muuuuuuuuuuuuuch thanks to open tuition lecturers for their beneficial assistance they provide!!!!!
August 23, 2012 at 3:53 pm
Many thanks to opentuition for providing such helpful lectures.
August 20, 2012 at 8:16 am
Thanks a lot open tuition it very helpful but this chapter the explanation is too quickly I need to follow it I have problem with the explanation.
September 26, 2012 at 3:14 pm
@Reena, it happens that explanations are a bit quick and I think its a good platform to get that skill and do calculations accurately & quickly even in the exam.
May 3, 2012 at 11:55 am
it is really nice to be ready for exam
May 12, 2012 at 7:31 am
@Fari, hi h r u
May 1, 2012 at 6:10 pm
You guys re the best ever. My thanks goes to open tution team. Keep up with ur good job.
April 9, 2012 at 12:46 am
opentution is really awesome 😀
March 29, 2012 at 4:17 pm
I must say self study is challenging but surely open tuition makes it easierr 🙂
February 23, 2012 at 7:20 am
Opentution is AWESOME ….
January 4, 2012 at 12:50 pm
I think the most valuable things in life can be free..thanks Opentuition
September 12, 2012 at 12:41 pm
@orxan, very well said orxan !!!!thumb way up
January 4, 2012 at 9:41 am
Why at the end you multiply with 50 and not with 45???? the recharge to maintenance at X is 45 %!
January 4, 2012 at 12:46 pm
@natasakwn, you are right it is 45 not 50, but it is repeated distribution method and we are not dealing with cents here..if you multiply 0.45 with 4 you will see the result 1.8 at X and 1.6 at Y and 0.6 at S. But you should again recharge S(0.6). As you see it will take much time for us to calculate in cents
December 11, 2011 at 9:42 pm
YH IM DOING SELF STUDY TOO SOHAILSSAEED N THESE LECTURES REALLY HELP ME.WONDERFUL 🙂
December 6, 2011 at 1:31 pm
very very useful for me .really i appreciate 1000 times.because i am doing self study. thanks a lot.
@sohailssaeed, dats tru
You must be logged in to post a comment.