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I am so sorry tutor. I have mistakenly chosen the wrong forum.
Thank you for your reply. I will repost it to another forum.
Thank you tutor for your reply. But for C, as in SOFP we only record the value of the shares at the time of issuance, how can an increase in market price of these shares result at an impairment of net asset?
If that is the case, then a public company can record impairment for net asset every year.
Thank you tutor!
Thank you tutor for your answer.
So from your explanation, can I understand that there are 2 kinds of idle time? One is expected and the other is unexpected. And for budgetary, the first will be classified as direct cost of labour and the latter as indirect cost?
Thank you tutor!
Thank you tutor for your reply. This question is from BPP KIT book.
Because of the copy right issue, I just paraphrased the question. But you can have a look at this website, I checked and the content is the same as the one in BPP KIT:
Thank you tutor.Thank you tutor for your reply. In your solution, is the $3 is the difference between the standard absorption cost per football of $21 and the standard contribution per football of $18?
Thank you tutor for your reply. For your 2nd question, they did not provide the solution on how to calculate the indirect cost, but just mentioned that the cost incurred in the idle time is indirect cost.
Hello tutor. Thank you for your reply.
The question of the exercise above is “Prepare the marginal costing operating statement.”
No, following is all they wrote in the answer: ”
Adverse Note
Actual fixed production overheads (19,760) W4
[W4] Actual fixed production overheads = $19,760″
They did not explain further.
Thank you tutor.
Thank you tutor. In my textbook, they do not give the context, but just ask readers to classify these costs into direct or indirect.
Thank you tutor for your explaination. I will watch your lecture on this issue.
Thank you Tutor for your explanation. I will watch it again, maybe I am missing something there.
Thank you!
Thank you Tutor for your promtly response. I really appreciate that!
I have this question from an old text book of 2020. I think it was out of date now.
I will look for and use the newer version.
Thank you Tutor and I wish you a nice weekend!
Thank you Tutor for your speedy response. I really appreciate that.
Yes, this question is in F3 revision bank quesions. However, I know this rule as I read other learning materials 🙂
Thank you tutor for your detailed explanation. I really appreciate that!
But one concern is still that, why they used the term “The discounts received column of the cash payments book” when discounts received have nothing to do with cash payments book? I remember that the double entry is: DR: Payable Control Account, CR: Discounts received.
Thank you tutor!