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Profile picture of abdulrahmanbakhtani@gmail.com
Active 8 months ago
  • Topics: 8
  • Replies: 12
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Viewing 11 posts - 1 through 11 (of 11 total)
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  • October 1, 2024 at 3:24 pm #712001
    mysteryabdulrahmanbakhtani@gmail.com
    Participant
    • Topics: 8
    • Replies: 12
    • ☆

    Sir the table is like this

    2001 price per unit
    Flour 0.25$ – egg 1$ – milk 0.3$ – potatoes 0.05$

    2002 price per unit
    Flour 0.03$ – egg 1.25$ – milk 0.35$ – potatoes 0.06$

    2001 quantities
    Flour 8000 kg – egg 4000 box – milk 10000 liter – potatoes 6000 kg

    2002 quantities
    Flour 10000 kg – egg 5000 box – milk 10000 liter – potatoes 10000 kg

    August 8, 2024 at 9:03 am #709288
    mysteryabdulrahmanbakhtani@gmail.com
    Participant
    • Topics: 8
    • Replies: 12
    • ☆

    Thank you sir,

    Yes, I do see your free lecture notes. They are very effective, and you are the only teacher who explains the formulas in a logical way. I appreciate you taking the time to provide these valuable resources for free. They have been incredibly helpful in my preparation for the Paper MA exam.

    August 6, 2024 at 9:56 pm #709240
    mysteryabdulrahmanbakhtani@gmail.com
    Participant
    • Topics: 8
    • Replies: 12
    • ☆

    Hello Sir
    there is a topic by the name of material inventory and variances in standard costing chapter
    It’s told that if the material we purchasing is not fully used and inventory remains at end of period

    When we calculating material price variance the calculation is based on total of material we purchase weather they are used or not

    But there is no information what if we have opening inventory as well
    The calculation is based on material purchase + opening inventory
    Or only based on material purchased

    Thank you

    August 6, 2024 at 8:51 pm #709236
    mysteryabdulrahmanbakhtani@gmail.com
    Participant
    • Topics: 8
    • Replies: 12
    • ☆

    And sir, I forgot to write this in my previous massage. What if we make the formula a bit easier? Is it right to use:

    (Standard usage – Actual usage) x standard cost

    Cause by subtracting Standard usage from actual usage, we just know whether we use more or save material than our expectation, and by multiplying the cost, we find how much profit/loss it becomes.

    Is it right?

    February 22, 2024 at 9:10 am #700862
    mysteryabdulrahmanbakhtani@gmail.com
    Participant
    • Topics: 8
    • Replies: 12
    • ☆

    I am sorry sir but I am still confused
    We just ignore 3 labour hour of assembly department and 2 machine hour of polishing department

    February 12, 2024 at 5:36 pm #700180
    mysteryabdulrahmanbakhtani@gmail.com
    Participant
    • Topics: 8
    • Replies: 12
    • ☆

    I apologize for any confusion caused sir and kindly request further clarification.

    I am still uncertain about the individual measurements and definitions of these ratios(Capacity, production volume and efficiency).

    Can you please take me explanation about what does these 3 ratios individually measure
    And could you please provide me a definition for each ratio

    Thank you

    January 10, 2024 at 6:06 am #697885
    mysteryabdulrahmanbakhtani@gmail.com
    Participant
    • Topics: 8
    • Replies: 12
    • ☆

    It’s mean that cause the company announce this news to workforce and news
    This announcement make this highly probable cause it’s unlikely that company will take action contradictory to it’s announcement
    Got it sir, Thanks a million

    October 13, 2023 at 12:21 pm #693110
    mysteryabdulrahmanbakhtani@gmail.com
    Participant
    • Topics: 8
    • Replies: 12
    • ☆

    Consider that we drawn 76$ from bank sir, and we already have 29$ dollars in petty cash box and let’s say we treated the IOUs as cash now we have 140$ cash in box
    But our petty cash imprest system is in operation of 150$ being maintained
    Now we will faced to shortage of cash in this period

    October 13, 2023 at 10:07 am #693101
    mysteryabdulrahmanbakhtani@gmail.com
    Participant
    • Topics: 8
    • Replies: 12
    • ☆

    Sir l am studying bpp book in chapter 10 para 8 describe how to topping up petty cash which run on imprest system

    There is 2 methods
    1: imprest amount less cash in petty cash box = cash needed
    2: total payment less receipt = cash needed

    It say total payment not total voucher the IOUs is also refer as a payment and what about advance payment we only reimburse the change

    What is your opinion now?
    Thank you

    October 13, 2023 at 7:44 am #693092
    mysteryabdulrahmanbakhtani@gmail.com
    Participant
    • Topics: 8
    • Replies: 12
    • ☆

    Sir but we are not sure about when we reimburse money from IOUs if we don’t claim it from bank maybe we faced to shortage of cash

    There for I think the IOUs also add to voucher total and advance payment and the correct answer is 121

    One method to top up a petty cash which run on the imprest system is (imprest amount-cash in petty cash box) page 218 chapter 10 Fa1 bpp book

    What is your opinion sir
    Thank you

    October 12, 2023 at 11:00 am #693066
    mysteryabdulrahmanbakhtani@gmail.com
    Participant
    • Topics: 8
    • Replies: 12
    • ☆

    I am reading chapter 10 (maintaining petty cash records) fa1 Kaplan book but I can’t find out how to deal with IOUs and advance payment

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Viewing 11 posts - 1 through 11 (of 11 total)

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