OpenTuition.com Free resources for ACCA and CIMA students
Free ACCA and CIMA on line courses | Free ACCA , CIMA, FIA Notes, Lectures, Tests and Forums
May 3, 2018 at 12:26 am
Hi Mr Moffat. I have a question. For the EOQ formula, do we have to calculate for the whole year or just the one month. I am confused as for the demand you include the full 12 months but this is not the case for the order costs. Please can you explain?
John Moffat says
May 3, 2018 at 6:04 am
In the formula we use the order cost each time (nothing to do with months).
February 8, 2018 at 4:12 pm
Hello, please we don’t have examples of EOQ with discounts.
February 9, 2018 at 7:09 am
No – it is only a quick test.
You must buy a Revision Kit from one of the ACCA approved publishers because practice at exam standard question is vital if you are to pass the exam. You will find many more questions in the Revision Kit.
February 2, 2018 at 2:18 pm
hi i can’t seem to where i can download these qtion papers pdfs please help
February 2, 2018 at 5:14 pm
These tests are to be attempted online. They are not available as pdf’s – there is no reason for them to be 🙂
January 29, 2018 at 6:23 am
VC per unit (<480)=12000-10500/450-300=10 VC=10*300=3000 DC=10500-3000=7500 Above 480 VC falls 15%. So, for 520 units VC = 520*10*85%=4420 TC=4420+7500=11920
Please do correct me if I'm wrong 🙂
January 25, 2018 at 12:35 am
please could you explain how we came about 4months in question 1 instead of 3 months
January 25, 2018 at 12:36 am
please ignore my question, i get it now. its a quarterly thing
January 25, 2018 at 7:37 am
January 23, 2018 at 8:52 pm
Waawo nice got 5/5
January 24, 2018 at 7:00 am
January 16, 2018 at 6:05 am
5/5 for this test
January 16, 2018 at 4:57 pm
January 3, 2018 at 5:51 am
Please do not set test questions a comment on a lecture. Ask in the Ask the Tutor Forum.
May 18, 2017 at 9:37 am
Good morning Sir, from the above question, EOQ of 1000 units= total of $10,600 while EOQ of 500 units= total of $600. so EOQ of 500 qualifies for optimal reorder quantity?
May 18, 2017 at 3:13 pm
I don’t understand you – the EOQ is what comes from using the formula and is 500 units.
They currently order 1,000 each time, but that is not the economic (or optimal) order quantity and so obviously costs more (but you are not asked for the costs).
I do suggest that you watch my free lectures on inventory control.
May 17, 2017 at 3:46 pm
Could you please explain on question number 3 how you calculated the Ch (soln. was .10 * 12) for the EOQ. I dint get it on how you reached on value 12.
May 17, 2017 at 3:58 pm
The question says that the holding costs are 0.10 per month. The formula needs the holding cost per year, and there are 12 months in a year 🙂
May 17, 2017 at 5:51 pm
Thank you 🙂
May 17, 2017 at 8:08 pm
You are welcome 🙂
April 10, 2017 at 12:09 pm
For my question, the EOQ in the MA2 and the EOQ in F2 are they same?
April 10, 2017 at 3:30 pm
The EOQ formula is obviously the same.
F2 also requires understanding of how to deal with quantity discounts, and also the EBQ.
February 16, 2017 at 9:34 am
Question 3 did not have the price per u bit in the question. I don’t understand where the answer got 2 from
February 16, 2017 at 3:39 pm
You don’t need the price per unit for the formula. The formula needs the demand, the order cost, and the holding cost per unit – all of these are given in the question. The ‘2’ is in the formula as well!!!! (and the formula is given on the formula sheet).
Have you watched the free lectures? They are a complete free course for Paper F2 and cover everything needed to be able to pass the exam well. There is not much point in attempting the tests unless you have watched the lectures 🙂
February 8, 2017 at 1:41 pm
Please add more questions to cater for the rest of the concepts.you only have EOQ
February 8, 2017 at 3:08 pm
No – these are only ever meant to be short tests.
As we explain throughout the website, you must buy a Revision Kit from one of the ACCA approved publishers if you are to pass the exam. They contain lots of exam standard questions to practice, and practice is vital.
January 10, 2017 at 7:10 pm
Hi, the questions don’t seem to match with the chapters in the notes?
Is this just me?
January 11, 2017 at 5:04 am
You are right – it will be put right today 🙂
August 6, 2016 at 8:41 pm
Can you plz explain the distribution of number of units as 500, 500 and 168 in the frst qs.
May 30, 2016 at 12:38 am
Why can’t I see the working to see whether my answers are correct
May 30, 2016 at 7:34 am
Maybe you have a pop-up blocker enabled.
The workings appear when you submit your answer.
You must be logged in to post a comment.