PM Chapter 1 Questions Activity based costing
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Hi! Thank you for your lectures! Where can I find more excercise to practice ABC for ACCA? Thank you in advance!
You will some in the Study Hub on the ACCA website, but also it is best to buy a BPP Exam Kit – it contains lots of past exam (and other exam standard) questions.
Hello! Thank you for the lecture! I do not understand how you calculate other overheads in Q3 . Where did you find 96000 and 115200 to calculate it? Thank you in advance!
The total labour hours for P are 2400 x 8 = 19200, and for Q are 9600 x 10 = 96000. In total it is 115200 hours.
What informed us that labour hours are the cost drivers for other overheads?
first attempt 80%, though I am writing ICAN not ACCA
for question 1, is ABC used in this? I thought it would be because cost driver is used in the text.
or is it because it only says work out the set up costs for product X, so ABC doesn’t need to be used?
Calculating the setup cost is using ABC. Basic absorption costing would simply spread the costs over the number of units.
The second question asks which ones are true as per ABC. But the first statement is relevant to Traditional costing. So shouldnt the answer be only statement 2 ? Pls let me know….Thanks!
I guess the wording could be better – the statement is true but I agree that it is not really about ABC
I also thought that statement 2 only was correct because the question is talking about ABC and not the traditional costing. Please clarify on this one
See my previous reply. The wording could be better – it should really be saying about traditional costing as compared with ABC
Good practise
So glad I found Open Tuition, 100% first attempt yaay
Good practice
Good practise
Am failing to view the lecture Videos …what could be the problem.
Please ask in the ‘technical problems’ forum and admin should be able to help you.
https://opentuition.com/forum/technical-problems/
100% 1st Attempt. Off to a good start for the March Session