ACCA F2 Revision Variances
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I’m not sure why or if it’s only on my end but the video and audio are out of sync.
Hi Sir your classes amazing and really helpful when it comes to concepts. I just wanted to request that when you please keep the mic a bit closer because its very hard to understand when the voice keeps fluctuating as sometimes its very low sometime high. Please keep it close so that it would be loud and clear and no student could miss any concept while you are making us understand it.
Hope you will consider my request and thank you for being such an amazing teacher.
Thank you for your comments.
The Revision Lectures were recorded in a classroom which is why the sound is erratic. However if you listen to the main lectures (which cover the entries syllabus) then these have all been re-recorded and you should not have a problem with the sound on those 馃檪
Hi John,
Hope you are well. I just want to say a very big THANK YOU to you. You teach to know what the concept is and how to understand what the whole thing is but not to just memorize the formula or workings. That was what helped yesterday when I did my F2 paper and I passed hurrayyyyyyy….The questions was so twisted that only someone that understand the concept behind it will pass. Thank you so much. you are a natural.
Thank you so much John.
Have a fab. weekend
That is great – many congratulations 馃檪
lectures are extremely helpful. Thanks a million.
I’m very happy that you find them useful 馃檪
Sorry !!…. may i know where can i get the question in this video..
It is in the Revision Notes (which are linked to from the main F2 page).
(Do appreciate these lectures are notes are only for quick revision assuming that you have watched the main F2 lectures already)
Alright tq
I need help .. questions 3
https://specimen.iassess.com/Assignments/F2_MTQ/ACCA.html
line 3
“Production was …………………. than budgeted ” how can i get it..i tried it many times.. also the last line !
sorry for bothering you ..
In future you must ask this sort of question in the Ask the Tutor Forum, and not as a comment on a lecture.
The fixed overhead volume variance is 2,000 adverse. The standard cost for fixed overheads is $20 per unit. Therefore they must have produced 2,000/20 = 100 units less than budgeted.
The material price variance is favourable, so they paid less than the standard price. The usage variance is adverse, so they used more than budget.
I really do suggest that you watch the free lectures on variances (not just the revision lecture).
sorry !! This is my first time comment.. anyway thanks for answering my question..
Can’t access the lectures on my phone pls help Nokia Lumina 820Revision Video Lectures for Paper F2Revision Video Lectures for Paper F2
You may have to use PC
If your phone does not support mp4 streaming playback or flash player
Lumina or Lumia?
Please explain me question 8 and question 9 for the test?
Which test?
You have put this comment below F2 Revision questions.
Sorry forgot to mention. Its the chapter variance analysis. Please explain me question 8 and 9 in detail. Thanks
For question 8:
We know that the variance is 1250, and because it is the expenditure variance, this is the difference between the actual and the budget fixed overheads.
We also know that the actual is 2% below budget, and so the variance (or difference) is 2% of the budget figure.
Since we know that the variance is 1250, this must be 2% of the budget amount. So….we can calculate the budget amount (1250/2%) and the actual expenditure will be 1250 lower than this budget figure.
For question 9:
We calculate the labour efficiency variance by comparing the actual hours (27,000) with the standard hours for the actual production (29880) and then we cost out the difference at the standard cost per hour (of $8.50).
Hi..I’m having problem in viewing the lecture..it’s not opening in my S3. Do I need to download any other application to view the video? Please tell me.
Have you looked at the technical support page?
I think you will find help there. The lecture is working fine and so it must be to do with your S3 (whatever that is).
Cannot see the video,why?
Is labour capacity variance same as idle rate variance? cos some textbooks deals with labour capacity variance and no idle variance
Capacity variance relates to fixed overheads. If there is more labour available than budgeted then it is possible to produce more units, and this gives rise to a fixed overhead variance if we are using absorption costing.
It is different from the idle time variance which related purely to the labour.
Capacity variance is not a labour variance.
PLEASE THIS VIDEO IS NOT SHOWING
don’t know what to say,.. lecture works fine!
Please visit the support page: https://opentuition.com/support/
the sales variances are not there….the rest of the revision course has been very helpful…
thank you for the lecture and revision it is very understandable
the xplanation is xcellent bt the questions should b displayed so as we can have reference to it
@shaheennaujeer, You can download the revision notes and see the question there.
hey the variance on sales not seeing the lecture please help
hi can anyone send me f2,,,q n ans plz
Sir ,what about the question.Pls write the question out.
sir z topic is better explained however there is some doubt on figures as we don’t have question in front of us so it is not clearly understandable sir!!!so please if we could be given questions except on material n labour which is given!!!
the sound is not too good, sometimes its very low
@mavella8, Yes we know, but there is nothing that can be done,