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  1. Dear Mr Moffat

    I would like to ask you for help. If your maximum production capacity is let’s say 1000 units per mont and you produce 800 units this means your idle capacity is 200 units. You should treat idle capacity as period cost and charge it to expense in period when incurred rather than allocating its cost to inventory. Which of your videos discusses the problem of idle production capacity? Do you talk about this issue in F5 or F2 videos ?

  2. Dear Sir,
    Thank you for teaching me accounting.
    making beer:
    barley seeds are germinated
    seeds are killed and dried to make malt (in a malthouse)
    malt is ground up and mixed with water in a mash tun.
    Mash is boiled and filtered.
    Hops are added for taste and yeast is added.
    Beer is centrifuged.
    Beer is bottled.

  3. These Lectures really clear up a lot of questions I’ve had whilst using BPP’s textbooks; much of the information in there can be repeated throughout the book but Open Tuition orders it in an easily digestible way

  5. Hi Sir,

    Thanks for your great lectures. I have already went through this series of lectures, but i was wondering why we only talk about normal losses and not normal gains?

    • A normal gain is not possible – I don’t think there are many products where more comes out than you put in 馃檪
      (Certainly not in Paper F2!)

      (And don’t forget that an abnormal gain only occurs because the loss/waste less than expected – it not because we produce more than we put in.)

      • I think it is possible to record abnormal gains in bread making/baking since it involves the use of yeast which has a multiplicative effect on the materials input into the process (flour, cake mix etc). This might then make the mixture rise more than expected either due to the quality of yeast or the temperature and humidity levels being used to facilitate the yeast reaction. This then leads to an abnormal gain. (Notice that the quantity of yeast input into the process did not change but the end product’s quantity changed)

    • We use our own Lecture Notes!!

      There is a link above the lecture for you to be able to download them.

      (And why on earth would you think we use a 2010 edition of anything?!! Our lectures are always up to date for the current syllabus. If you start at the beginning and work through them then you do not need a Study Text – they are a complete course.)

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