ACCA F2 Revision part 6 Joint Products

Comments

1. Marta says

   June 6, 2013 at 4:21 pm

   the answers given in revision notes to this example are incorrect

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   • John Moffat says

     June 6, 2013 at 4:37 pm

     Well that was a useful comment!!!
     The answers are perfectly correct for the values when the products leave the joint process.
     The final stock value of A will of course be higher in each case by the $3 per kg spent on further processing.

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     • Marta says

       June 6, 2013 at 4:46 pm

       I still dont get it.. The answer to point i) : cost per kg is counted: 446,000 : (10,000+50,000) = 7.43 $ (for A and B) , so the by-product is not substracted in units but it is in cost, why? In your lecture the answer is 8.92 $
       point ii) : the answer for A – 6.76 $ but in your lecture 7.96 $, for B – 9.46 $, in your lecture 9.91 $… there is no difference of 3 $ :-S..
       ps. btw – i totally love your lectures, thanx a lot!!! 🙂

     • John Moffat says

       June 6, 2013 at 4:53 pm

       Oh dear – I am terribly sorry.
       It has been a long day and I quickly checked the answer before and didn’t spot my mistake.

       The lecture is correct. I will correct the printed answer and get admin to upload it ASAP.

       I do apologise again 🙁

     • admin says

       June 6, 2013 at 6:00 pm

       Corrected answer in now on line
       Please download revision notes again

2. nayagamm says

   April 14, 2013 at 6:53 am

   very clear ,good lecture

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3. shareef82 says

   July 30, 2012 at 1:25 pm

   thanks alot

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4. cornelius says

   December 6, 2011 at 1:52 pm

   I have found this very useful, the lecturer repeats all the pitfalls very clearly, always work with production units 🙂 and read carefully what the question ask of you, that will lead you what to do with the by product (subtract it from total production cost or nothing if it goes to sales)
   Thanks

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