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ACCA F5 The use of the target cost – Lecture 2

VIVA

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  1. Dear Sir,

    Now there has been a change in the ACCA exams from Paper-based to CBE and I was wondering if the lectures here in open tuition is now switching to lecturing in CBE style as well?
    Or whichever method is still the same ?

    Thanks a lot

    • CBE was introduced some time ago. The topics are the same whether CBE or paper-based and the style of the exams is exactly the same – we can’t teach understanding in a CBE style!!

      We have short CBE type practice questions for each chapter, and, of course, you must buy a Revision Kit from one of the ACCA approved publishers so that you can practice lots of exam-type questions.

  5. Sir, Your lectures are so good. Its honestly too good to be true!
    I find it hard to believe that these short 10-15 min lectures is covering all the topic(all though i really hope they do)..
    a word of reassurance from you would be great.
    Thanks!

    • Thank you for the comment 馃檪

      The lectures as a whole cover more than enough to be able to pass the exam well, provided that you also get as much question practice as possible (you should buy a Revision Kit from one of the ACCA approved publishers) and that if you have any problems you ask in the Ask the Tutor forum and I will help.

    • If a company is making an actual physical product, then it can be checked later to see how good or bad it is.
      If they are giving a service then there is no product to check and it is much harder to check later whether the service was good or bad (not necessarily impossible, but certain much harder). The service is no longer there (it has ‘perished’) whereas the product is still there (it has not ‘perished’).

  9. sir, in example 2 why aren’t we getting the same answer when we are deducting a mark up of 25% from the selling price?

    because if 30% of cost it should be 25% of selling price ri8

  10. Dear Tutor

    When you said “re-examine the design of the product – can we reduce cost without needing to reduce price”.
    Can you please explain the second part “can we reduce cost without needing to reduce price”

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