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PM Chapter 1 Questions Activity based costing
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Got 80% on first attempt
Great 馃檪
The quiz is very helpful and I am very grateful.
got 80% in first attempt
Scored 100% on 1st attempt
Do you think will get the same question from here? Does anyone have any experience?
You are likely to get similar questions in the exam but obviously they do not simply repeat questions! You need to buy a Revision Kit because it is full of exam questions for practice.
Sir, I get 75% in your Mock exam so I can pass in ACCA original exam on march
Thank you for the quiz… very handy ?
Here is my calculation for question 3:
set-ups cost fot Q per unit?$33600*15/28/9600=$18.75
Insepection cost for Q per unit?$19200*3/8/9600=$7.5
other overhead cost for Q per unit: $230400/(2400*3+9600*10)=$2
so total overhead for Q per unit :$28.25
According to the quesiton, only other overhead are absorped by basic of labour hours,so it does not mean all the overhead have to be absorped by labour hour. who can tell me why my understanding is wrong ?
best regards
The ‘other overhead costs’ are $2 per labour hour. Each unit of Q takes 10 hours, so the labour cost per unit is 10 x $2 = $20.
60% on first attempt but then again the statement choices were quite unclear at first
All these questions are past exam questions 馃檪
I scored 80 on first attempt
I got confused at “Which is not an advantage of ABC?”. I thought it won’t reduce total overheads (because total overheads may stay the same, only more realictic costs apportionment) but the correct answer was “it may be impossible to allocate all overheads to specific activities”. Can you please explain, Sir?
But I do explain this in detail in my free lectures – it is the main advantage of implementing ABC because it requires investigation of why overheads are being incurred.
100% on first attempt. 馃檪
80% in first attempt 馃檪
Hello, just wanna clarify on question 1.
Does it not necessarily need to use cost driver data related to “number of set-ups” when calculating the set up cost?
Because from the question and answer itself, it using data of production per units to get the set up cost per unit.
It’s fine for a start because it gives you the opportunity to do more studies.
80 at first attempt
Hi! Can you please explain why we’re taking 96.000 in calculating other overheads no 9.600?
Thanks for the answer.
its because 9600 units x 10 labor hours as other overheads are absorbed basis number of labor hours
In question 3 of 5 how do you get the number 115,200 ?
The total number of labour hours for P are 2,400 units x 8 = 19,200
The total number for Q are 9,500 x 10 = 96,000
So the total number of labour hours budgeted is 19,200 + 96,000.
Thank you
but then 9500X10 is 95000 where is the 96000
ignore me just your typo
80%
I got 60% on my 1st quiz. Not what I expected but it’s pretty good for a 1st timer I guess. Though the calculations are confusing
There is a bit of confusion in this question. Which says which statement of the following about Activity Based Costing is true?
So statement number 1 is about (Traditional costing) and statement number two is about ABC, so answer 1 should be correct but not both as the first is about Traditional costing ??
No. This was a real exam question and the wording is fine. The first statement is a statement of fact that is comparing traditional absorption costing with absorbing the overheads using ABC principles.
What do I do to improve on the theoretical questions? I failed all 3 questions.
Go back through all of our free lectures, work through every question in your Revision Kit, and ask in the Ask the Tutor Forum about anything you are not clear about in either the lectures on in the answers to your Revision Kit questions.
Got 60% in first attempt for this, Getting confused with the calculation questions.
In question 3 how do you get 192000/8? how do you arrive at 8?
There are a total of 8 inspections (5 for P and 3 for Q)