[csacct1]

Thanks a lot for the explanation. understood now.

[csacct1]

didn’t pay attention to that part previously. noted. Thank you very much for your help Sir.

[csacct1]

Hi Sir, I have seen the notes, and my question is.. for chapter 2, example 5, what if the non savings income is 9,000 , ie less than the personal allowances 10,000? negative taxable income, will it be exempted?

[csacct1]

So the 1month before salary increased will be based on the old salary 12000 and 13000. I got it. Thank you very much for the clear explanation.

[csacct1]

So just to confirm, I will just compute the taxable income from the bank interest?

[csacct1]

I am sorry sir. We are having study break before finals and couldn’t ask lecturer anymore questions. Anyway,thank you for all your help all this while. You’re great.

[csacct1]

Another doubt ..

A 20yr 9% semi annual coupon bond with a par value of $1000 may be called in 8years at a premium of 12%. The bond sells at $1260

iv) If a friend offers to sell you this bond at $1200, would you take up the offer?

(( part i it asked the YTM, i found out its 6.63%
part ii cap/gain loss yield, my answer is 0.51% loss
part iii YTC, 6.04% ))

[csacct1]

remembered my lecturer said about the last part of what you explained. Thank you so much for your help Sir.

[csacct1]

found my mistake. i have to use flexed as sq.

-closed 🙂

[csacct1]

sorry, download the file to view the answers as well

[csacct1]

oh okay! Thank you so much for your explanation.

[csacct1]

Thanks so much, i understood what you have said. i have been doing marginal costing for it, Sir, how do you know the question ask for absorption costing?

[csacct1]

oops sorry, i think i attached the wrong question. here https://oi40.tinypic.com/9u1bvo.jpg

Sales price : AM-SM x AV which is (102-75)-(100-75)x1200 = 2400 F
and sales volume AV-BV x SM 1200-1000 x 25 = 5000 F

is this correct?

And also, if the actual production and sales units is different, how do we check if the actual profit in reconcile part is correct ?

[csacct1]

Hi,https://www.cimaglobal.com/Documents/ImportedDocuments/ci_april_04_p19_20.pdf for absorption costing.

fixed overhead capacity, isnt it 110-110 x 2.5

and effiency 105-110 x 2.5

why cant i get Fixed overhead volume variance £125 ? Thanks in advance

[csacct1]

Sorry for not attaching the whole question, the question did not mention about what the reward was and it was for finding missing phone, so i guess i should use this
You make no reference about whether the notice offering the reward makes any mention of money and, given that, if a paper bag were given as the “reward” then there can be no complaints.

Thank you very much!

[csacct1]

oh it means that, thanks again.

[csacct1]

oops sorry, one more question,

the equivalent units are 9580 (finished) – 48 (60% x 80 abnormal gain).

does that mean the abnormal gain for labour is 48? why is it 60% of 80?

[csacct1]

Thank you so much for your help. finally understand it. 🙂

[csacct1]

An organisation’s stock records show the following transactions for a specific item during last month:
Date Receipts Issues
units units
4th 50(issues)
13th 200(receipts)
20th 50(issues)
27th 50(issues)
The stock at the beginning of last month consisted of 100 units valued at £6,700.
The receipts last month cost £62 per unit.
The value of the closing stock for last month has been calculated twice – once using a FIFO valuation and once using
a LIFO valuation.

what is the fifo and lifo ending inventories. i need to check with mine. thanks if you can help

[Author]

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