[kedeshw]

Hi,

Literally shortly after sending the question to you I understood where I was not understanding the question. It’s the fact that a payment is paid immediately. Okay, got you! Really appreciate you explaining that to me.

Thank you!

[kedeshw]

Thank you so much! ?

[kedeshw]

This was so helpful. Your knowledge is so impressive.
Thank you so so much!

[kedeshw]

Sorry, while i have you here may I ask one more question?
The traditional way of dealing with limiting factors is to use limiting factor analysis whereby you work out the limiting factor and attach contribution per limiting resource per product produced.

A modern approach to deal with this type of situation is throughput accounting whereby we find the bottleneck and attach a throughput per bottleneck resource per product produced.

Unless explicitly told in the question, is there a way to know which approach I should be using in the question? Am I to look out for specific words like ‘bottleneck’ or ‘limiting resource’ within the question?

[kedeshw]

Good morning,

Thank you, I got you! I was getting confused by the wording of the question but you reminded me absorption is based on whichever is most appropriate. I keep finding myself getting tripped up by the silliest of mistakes when practicing for this exam! I cant begin to explain how frustrating it is to get the more complex issues correct, but keep getting the more minor issues incorrect.
Apologies for the silly question.

Thank you again.

[kedeshw]

Thank you for your response.

I agree that fixed costs provide a better allocation of costs when absorbed on a per unit basis. However, when would you absorb over heads based on the quantity of Material A like the question said.. when there are is a step up in fixed costs?

[kedeshw]

Clears everything up for me.
Thank you so much Mr Moffat! Much appreciated. 🙂

[kedeshw]

Hi Mr Moffat,

Thank you for your input as well. Really appreciate your comments. Im all good now for absorption and marginal costing thanks to you. Cannot thank you enough.

I hope you have a lovely weekend.

Kindest Regard

[kedeshw]

Hi Ashutosh7,

Thank you so much for your response. Perfectly understood and explained. I really do appreciate it.

Have a lovely weekend.

Kindest Regards.

[kedeshw]

Hi Mr Moffat,

Yes, exactly that. The one I’m using is from BPP
Okay, I will keep at it.
Thank you so much for getting back to me, as well as your advice. Its honestly much appreciated.

Stay Safe.
Kindest Regards,
Kedesh

[kedeshw]

Hi Mr Moffat,

Hope you are well. Thank you for your response.
I was having problems regarding applying the knowledge from your lectures to exam questions from the revision book. I decided to purchase some practice exams from the ACCA website and have been going through these to see if I can apply the knowledge I have gained from your lectures.
I now understand the questions above, just need to apply the knowledge in a slightly different way. Thank you.

Is there anything you suggest for me to do relating to the exam? Im listening to your lectures for a 2nd time now, taking each topic and then using the revision guide/practice exam questions to attempt to apply the knowledge I’ve gained in your lectures. I feel overwhelmed with the amount of calculations needed to be learnt and understood, but I think this is just a matter of practice to overcome this feeling? Ive noticed theres a lot of questions concentrating on standard costing and budgeting and absor and Marg costing in the practice papers I’ve had a look at, so I’m trying to be as confident as possible regarding these topics. Is there any advice you have relating to preparing for this exam? My exam is on the 31st of March.

Kindest Regards,
Kedesh

[kedeshw]

Hi Mr Moffat,

Thank you for clearing that up. Am I right in saying that the answer to 2) mean- 1.4 and 3) standard dev – 1.96?

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