F2 Chapter 7 Questions
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these questions are quite helpful thank you
You are welcome (but do make sure you buy a Revision Kit from one of the ACCA approved publishers, so you will have many more questions to practice 馃檪 )
hey.. thank you for all the help you are giving.. 馃檪
Thank you for your comment 馃檪
Thanks a lot. I was ill and behind schedule, the lecture notes and video summed the whole chapter perfectly. I got all the questions on the quiz correct but I noticed a different formula was used to find the standard hours for actual output although the answer is the same.
No problem what formula you use – the marks are for the final answer 馃檪
5/5 correct
Well done 馃檪
I scored 4/5 in my first attempt.thanks so much Sir. I observed it will be difficult to calculate without the formula at one’s finger tips
You are given the formulae in the exam 馃檪
Hello Sir, do you mean that the formula in accounting for labor such as labor turnover, capacity ratio etc..will be given during the exam? thank you so much for the lectures. I have no previous knowledge of accounting yet I find them helpful and easy to understand.
No – those formulae are not given. If you look at the first few pages in the free lecture notes you will find the formula sheet that is given to you in the exam.
the questions are just like high school maths
Just that people often get confused when it comes to applying it in senerio
Q3 Labour capacity ratio, untill now i don’t understand this ratio because the units produced with each hours is not the same !
The units produced are irrelevant for the capacity ratio. The capacity ratio is simply seeing whether more or less hours were available than were budgeted.
It is explained in Chapter 7 of our free lecture notes, and the free lectures that go with it.
Perfect, this comment answered what I was curious about. Thank you
Great 馃檪
Q3 The answer says 11000/8000 ? but the units produced is not the same so how can i take the same hours !
my bad .. got confused cause the second question was simillair
No problem – I am pleased you have sorted it out 馃檪
explain question 2 馃檨
Hello,
Are there no questions for Chapter 8? They were mentioned in the lectures but the link for the questions doesn’t seem to be working..
Yes there are – there was a problem with the link 馃檨
It should be OK now.
Thank you!
Thanks.
3 sir
It is similar to one of the examples I work through in the lecture.
You need to calculate the rate per hour for each department separately by dividing the cost of that department by the total hours worked in that department.
Then you can cost out the units based on the hours worked in each of the departments.
The full workings appear after you have submitted an answer.
If you have not already done so then I do suggest that you watch the free lectures where I work through a very similar example.
Hello sir, really appreciate what you`re doing for us. Please can you give me an explanation to this practice question
Which practice question? There are 4 of them!