PM Chapter 1 Questions Activity based costing
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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