[gyanmichael]

Thanks Mike, I figured the same.

[gyanmichael]

thanks John

[gyanmichael]

Thanks a lot Mike,really helpful. God bless you.

[gyanmichael]

Thanks John

[gyanmichael]

passed with 65. thanks alot John and everyone at opentuition. God bless you all

[gyanmichael]

Thanks

[gyanmichael]

Thanks alot

[gyanmichael]

Hi John, i have one question about planning variances, some questions calculate using actual production but others use budgeted production (as you stated above). how do we know which one to use.Thank you

[gyanmichael]

Thanks alot John. sorry for callling you Mike. i had in mind to ask two questions, one Mike(F4) and one to you about F5. I now understand why my calculation was wrong. I get it now. Thanks, Your the Best!!!!!!!!!!!!

[gyanmichael]

Thank you Mike.

[gyanmichael]

Sorry the first one is not readable. this is a bit clear. Thank you for your assistance.

My calculated PLANNING VARIANCES
Material rate variance
Revised–5150L @$.95 = $4892.5
Std— 5150L @$1 = $5150
Variance is $257.5 (F)

Usage variance
revised–5200u @1.2L= 6240L
Std—– 5200u @1L = 5200L
Variance = $1040(A)

Labour rate
revised–10200hrs @2.60 = $26520
std—– 10200hrs @2.50 = $25500
Variance is $1020 (A)

Sales variance
(4500-5000) *$8.60 =($4300A)

[gyanmichael]

Thanks John, God bless you

[gyanmichael]

passed with 82%. Glory be to Jesus.

[gyanmichael]

Thanks John. is it possible to get a trend equation by using regression analysis with the ACTUAL figures or use regression analsis with the TREND figures.

[gyanmichael]

Thanks John. that was helpful

[gyanmichael]

The paper was very easy. IAS 37 came up alot and extracts from consolidated statement ( calculating goodwill, consideration and adjustment for inventory), single quest. on control a/c reconciliation and suspense a/c, but more on adjustment to profit after correcting errors.1 question on sales tax account

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