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- February 16, 2021 at 5:41 pm #610650
Sir I meant that they have paid the 840 on 30/june/2003
And yes sir this question is indeed a question from the kaplan text but I typed out the relevant part that asks for the accruals since I am confused in that right nowSir so I thought the payment is supposed to cover from february to april since it said 3 months till 30 april
So why are we talking about may and june when the payment is only supposed to cover till april?February 16, 2021 at 3:55 pm #610634Also sir in the same way if they say that a bank error cheque has been debited to Worcestor instead of another customer…would that mean that the bank has accidentally given money to Worcestor?
February 16, 2021 at 4:23 am #610574Oh okay sir but when i’m doing the CBE exam..is it tested from the theory of kaplan or BPP since both textbooks seem to be very different in terms of the depth each book is covering in the syllabus
February 15, 2021 at 10:48 am #610478incurred at the date of sofp..which means that the exoense should not happen after the year end of the SOFP to be considered in the cost of inventory?
February 10, 2021 at 6:29 am #609879Sir the previous reply is supposed to be deleted and this is what I was meant to ask
Sir would the non-controlling interest also be recorded in the SOFP???
February 9, 2021 at 4:23 pm #609855But if the subsidiary sold the inventory to parent then it would affect both retained earnings and NCI right sir??
January 9, 2021 at 11:28 am #605357Oh okay understood that clearly sir but could we also take it as a going concern?
January 9, 2021 at 11:25 am #605356And what type of account is a disposal account sir?
I couldn’t figure out whether it is an asset account or not
December 29, 2020 at 3:56 pm #601143Oh okay alright..understood sir
December 29, 2020 at 3:51 pm #601142Oh okay sir thank you very much sir
December 29, 2020 at 1:26 pm #601123Poor question which means that the paper hasn’t clearly asked the question properly right sir?
December 28, 2020 at 2:49 pm #601068The answer for this question was in the kaplan revision kit book and yes $300,000 was the same answer for which you calculated
Sir could you explain where you got the figures of 10 and 8 when you found 6.25 hours for each unit
December 28, 2020 at 2:44 pm #601067Ohhh ok sir but isn’t 250 standard then because $5 is budgeted?
December 28, 2020 at 12:18 pm #601053Ok so for this question we don’t consider standard time because it is budgeted and not standard right?
Budgeted production in a factory for next period is 4,800 units. Each unit requires five labour hours to make. Labour is paid $10 per hour. Idle time represents 20% of the total labour time.
What is the budgeted total labour cost for the next period?December 28, 2020 at 9:03 am #601041Oh okay sir I understood this now thank you very much sir
December 28, 2020 at 9:01 am #601040Oh okay thank you sir
December 28, 2020 at 9:01 am #601039Okay but does that mean that cluster and quota are completely not random?
December 27, 2020 at 5:24 pm #600993Sir what about the rent that was already existing before the investment?
December 27, 2020 at 5:23 pm #600992Oh ok so basically for MA all that is needed to know about idle time is that it is included when we caluculate labour hours right sir???
December 27, 2020 at 2:26 pm #600971Sir I just found out that there is something called normal idle time and abnormal idle time
Apparently for normal idle time we include the cost but for abnormal idle time it is not?
Is this true and if so does that apply in a similar fashion for labour hours
December 27, 2020 at 1:46 pm #600969Oh ok sir I understood thank you very much for clearing this doubt
December 27, 2020 at 1:45 pm #600968Sir I was talking about cashflow statements in the mcq questions where they show cash inflows and cash outflows in order to find the netcashflow
I wasn’t talking about the financial statement
Let’s say that the question already included depreciation and fixed overhead (rent that already was there in the business) for the costs
Then we remove only the depreciation in order to calculate cash outflows right?
On the otherhand for capital budgeting ( i.e is int the mtq questions)
I know surely that the depreciation is not relevant but the rent is also not relevant right?
We shouldn’t include it as relevant costs right?I understand in capital budgeting both scenarios are essentially the same thing but for some reason mtqs seem to have a different way of handling the logic compared tot he mcq version of capital budgeting and I wanted to ask why is it like that
December 27, 2020 at 1:32 pm #600967Oh ok thank you very much sir
I understand it now
December 27, 2020 at 12:02 pm #600961ok so when we pay for labour we include idle time but when we try ti figure out usage we remive idle time right?
Im still not sure why we added the 20 because when we try to find efficiency ratios we include idle time but remove for variaces
December 26, 2020 at 1:58 pm #600911But in normal cashflow statements we include fixed costs right?( even the ones that does not change with a decision )
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