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mido8o

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Active 11 years ago
  • Topics: 2
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  • May 5, 2010 at 9:19 am #59931
    mysterymido8o
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    I totally agree with your comment sosologos and thanks alot for your comments.

    But i disagree with you in the part regarding identical income as in most question solved even in Open tiution notes and other questions from revision kit or old exams it was matching in income side so it is not an issue. I wish this type of question won’t come this time

    May 5, 2010 at 6:40 am #59928
    mysterymido8o
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    • Topics: 2
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    In the question they ask us to prepare income statement. For us to prepare flex income statement we should compare the actual with a budget flexed to the actual activity level (i.e. the activity level is based on the number of students of each funded type enrolled in each course). In the examiner solution, he didn’t take these basis for income side from the income statement. He just took it for expense side from income statement. For income side he used 6900 students in total while in expense side he used 7200 students ??? Thats why am shocked. Plzzzzzz clear it to me sosologos. Thanks in advance

    May 4, 2010 at 4:24 pm #59926
    mysterymido8o
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    • Replies: 3
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    Thanks alot for the response. But still am not sure regarding my second question if you can clear it more?

    why the examiner didn’t take the actual input for income as the flexible budgeting takes both sides from income and costs?????

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