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October 4, 2023 at 8:05 am
Hello sir I have read that we don’t have process costing complete chapter in MA from September 2023 to April 2024. Can you please clarify about this sir? Thank you sir.
John Moffat says
October 4, 2023 at 8:43 am
As is written in the current edition of our free lecture notes (and explained in our free lectures), process costing with work-in-progress has been removed from the syllabus. The rest of process costing remains examinable.
Our lecture notes and lectures are all up-to-date for the new syllabus.
October 5, 2023 at 9:03 am
Thank you very much sir. I was watching some videos of syllabus change in process costing chapter on YouTube. I was bit confused. Thank you for clarifying sir.
October 5, 2023 at 3:48 pm
You are welcome 🙂
September 24, 2023 at 9:25 pm
Hey sir, wanted to confirm that is WIP, OWIP methods will no longer be tested right? Because i actually wasted quite alot of time on that stuff and yeah it was before i came across on this video.
September 25, 2023 at 8:49 am
For exams after September 20th 2023, work in progress is no longer examinable.
Our latest free lecture notes and lectures are all updated for the new syllabus.
September 14, 2022 at 1:14 pm
Well explained sir
September 14, 2022 at 5:18 pm
Thank you for your comment 🙂
March 24, 2022 at 3:15 pm
Thanks for the lessons sir
March 24, 2022 at 3:40 pm
September 26, 2021 at 11:22 pm
i m loving it …thanks
September 27, 2021 at 7:48 am
September 9, 2021 at 6:46 pm
Thank you very much for this video. you are making ACCA looks easier and removing the fear in us.
September 10, 2021 at 7:55 am
January 13, 2021 at 4:28 am
Thank you so much, sir.
January 13, 2021 at 8:56 am
June 10, 2020 at 11:11 am
I tried doing example 1 on my own before watching the lecture and did two separate versions – one with overheads and one without, as the text in the notes directly above the example shows you can calculate the CPU using marginal or absorption costing.
However, your answer appears to use only the absorption method and I am unsure what the reason for this is?
My first thought was that it may be because we are not told whether overheads are fixed or variable, and the default position with this lack of clarity would be to include overheads, but it would be great to have some clarification on this point.
June 10, 2020 at 3:05 pm
In practice a company could use either marginal or absorption costing – it is up to them.
This simple introductory example is just to explain the basic idea. However in the exam all process questions with deal with all overheads in this way (which is assuming absorption costing or, of course assuming that all the overheads are variable).
August 1, 2019 at 7:08 am
Where can I find lecture on debit and credit and entries if you can suggest any
August 1, 2019 at 7:49 am
If you mean the debit and credit entries with regard to process costing, then they are all explained in the lectures that follow from this one.
If you mean debit and credit (i.e. double entry) in general then this is examined in Paper FA (not Paper MA) and is explained in full in the free Paper FA lectures.
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