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claire.giord18

Profile picture of claire.giord18
Active 1 year ago
  • Topics: 7
  • Replies: 10
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Viewing 10 posts - 1 through 10 (of 10 total)
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  • September 13, 2021 at 5:18 pm #635688
    763badded3d0f705cbfb27839e6d6f40194e1c693ef68edc1de4b94125dc1454 80claire.giord18
    Participant
    • Topics: 7
    • Replies: 10
    • ☆

    Thank you for your reply, helped me understand what I was doing, things started making sense and was able to reason them out together with your lecture, thank you.

    September 13, 2021 at 5:13 pm #635687
    763badded3d0f705cbfb27839e6d6f40194e1c693ef68edc1de4b94125dc1454 80claire.giord18
    Participant
    • Topics: 7
    • Replies: 10
    • ☆

    Thank you for your reply, yes afterwards I did watch them and found them very helpful, thank you.

    September 13, 2021 at 5:11 pm #635686
    763badded3d0f705cbfb27839e6d6f40194e1c693ef68edc1de4b94125dc1454 80claire.giord18
    Participant
    • Topics: 7
    • Replies: 10
    • ☆

    Not that hard, could have solved if I concentrated a bit more, the wording confused me, yes I did watch and found them very well explained, thank you.

    September 7, 2021 at 7:29 pm #634793
    763badded3d0f705cbfb27839e6d6f40194e1c693ef68edc1de4b94125dc1454 80claire.giord18
    Participant
    • Topics: 7
    • Replies: 10
    • ☆

    Thank you for your reply.

    Yes you are right on these questions I asked I did not watch yet but will do tonight, don’t worry I want to pass as well, however, I did watch on the markups and consolidated and found them very well explained as I was getting questions wrong but now I feel confident on these, thank you.

    September 4, 2021 at 7:14 pm #634337
    763badded3d0f705cbfb27839e6d6f40194e1c693ef68edc1de4b94125dc1454 80claire.giord18
    Participant
    • Topics: 7
    • Replies: 10
    • ☆

    Thank you for your clarification.

    September 4, 2021 at 7:12 pm #634336
    763badded3d0f705cbfb27839e6d6f40194e1c693ef68edc1de4b94125dc1454 80claire.giord18
    Participant
    • Topics: 7
    • Replies: 10
    • ☆

    ok, must have copied the question wrong, however, I did watch your videos and found them very helpful together with your quick responses to questions, even more, helped me to clarify thoughts and doubts. Managed to pass MA exam so thankyou for your videos, notes and responses.

    September 2, 2021 at 1:26 pm #633977
    763badded3d0f705cbfb27839e6d6f40194e1c693ef68edc1de4b94125dc1454 80claire.giord18
    Participant
    • Topics: 7
    • Replies: 10
    • ☆

    I find these topics a bit confusing although may be very simple to others

    For the ear what I find confusing is on the book for quarterly sometimes the square is 4 and sometimes 0.25 so I get doubt if I should do 1.147 to square 0.50 or 2 or 6? and then -1

    For the variance correct like this?

    20×8 = 760 n=40
    40×31=1240

    28+31 = 59 so mean = 59/40 = 1.475

    than variance is square root (59-1.475) squared division 40?

    September 2, 2021 at 1:19 pm #633974
    763badded3d0f705cbfb27839e6d6f40194e1c693ef68edc1de4b94125dc1454 80claire.giord18
    Participant
    • Topics: 7
    • Replies: 10
    • ☆

    I came across this question recently it goes like this

    production standard selling price 80/unit
    production standard contribution 18/unit

    sales volume 3600A
    if use absorption 2000A

    What is absorption cost/unit
    Ans are 8, 70, 52, 62

    Is it correct like this?

    absortion costing = standard selling price marginal costing = contribution so ignore

    so you do 3600 + 2000 division 80 = standard cost – correct?

    August 31, 2021 at 8:09 pm #633713
    763badded3d0f705cbfb27839e6d6f40194e1c693ef68edc1de4b94125dc1454 80claire.giord18
    Participant
    • Topics: 7
    • Replies: 10
    • ☆

    Thankyou, now I say how easy it is. Already did watch some of your lecutres of other topics and I finding them very helpful.
    Also to provide all of this material for free, wow, I am sure many people are thanking you, starting with me, as this qualification is super costly.

    August 31, 2021 at 7:20 pm #633705
    763badded3d0f705cbfb27839e6d6f40194e1c693ef68edc1de4b94125dc1454 80claire.giord18
    Participant
    • Topics: 7
    • Replies: 10
    • ☆

    Thank you for your reply.

    Absorption profit is 47200. I need to find what profit would be if marginal was used.

    Inventory is 4500
    Increase in finished goods = 600
    fixed production overhead = 7.50/unit
    fixed production overhead absorbed = 3750

    I think by reading your reply I should do 4500 + 600 x 7.50? but how do you use the 3750 ?

    Answers available are 55450, 51700, 42700, 38950

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