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It’s a hyrid paper.
Section A is from Sept 2015 Section A.
Section B has one question from Sept 2015 & other 2 from Dec 2015.Neither Sept nor Dec 2015 complete exam paper with answers are uploaded on acca website.
What has acca told you ? They won’t publish complete papers now??
Cover a chapter/topic then shift to attempting question related to that topic.
Don’t delay question practice.Key is pass p1 is having knowledge & the ability to answer according to examiner requirement.For that you make sure you read answers of the question after you attempt them and do read the related examiner comments too as well as marking scheme.
Make sure you know the format of memo, letter, briefing notes etc.
As salam u alykum.
Yes, they are enough to pass exams p3 in first attempt.
Listen to opentuition lecture of a topic, read it’s relevant opentuition notes & any technical article.Then practice 3 to 4 questions in timed conditions.Do read examiner comment related to the questions you attempt.
Attempt a mock exam in time.
Pray to Allah, Work hard and success will come.
I downloaded abode flash player again but dont know why the vidoes are not opening.
Dear admin , I am also experiencing the same adobe flash plugin crashing problem.I leave the page opened but no result.
@johnmoffat said:
It does not ignore the effect of the selling price – they may then (for example) have to reduce the selling price because of competition.ok…..conclusion , is that traditional costing doesn’t ignore the effect of selling price on the demand of the product.
@ gurly ……..books write SQ as an abbreviation for standard quantity & AQ for actual quantity
ok..i remember that its main context was that company is a separate entity from its owner.Anything belonging to solomon’s company didn’t belong to solomon,even though he was its owner.
I
It is the fixed overhead variances that are different – if it is marginal costing then the only variance is the expenditure variance. If it is absorption costing then there is expenditure variance, but there is also the volume variance (which can then be split into capacity variance and efficiency variance).
thats what i also actually mean…
you haven’t included fixed overhead expenditure variance in the example of the lecture https://opentuition.com/acca/f5/planning-and-operational-variances while making its operating statementok ,,I got your point.
I have watched all of your variances lectures.In one of them , you said that if the company uses marginal costing approach & when we make its operating statement, we take only fixed overhead expenditure variance & all other routine variances.
In the lecture you told fixed variable overhead volume variance comprises of fixed overhead capacity variance & fixed overhead efficiency variance. I dont exactly remember as many weeks have passed since i watched them but i think you said that in this lecture https://opentuition.com/acca/f5/standard-costing-and-basic-variance-analysis-part-1/ or https://opentuition.com/acca/f5/standard-costing-and-basic-variance-analysis-part-2/.
sir, in the answer to the notes of the lecture
https://opentuition.com/acca/f5/planning-and-operational-variances, you have not have included fixed overhead expenditure variance.Shouldn’t it be included in it?anyways Sir, in the answer to example in f5 question notes, you wrote over there variable overhead variance as 7000-(5200*1.4)=280,,,,then thats wrong.?????
it should be $140 F as you calculated above.Right or not??
And i think opentution has a great future if it continues to work like this.:)
And Sir, i salute to your prompt response.May this website be more famous than accaglobal.com.They respond too slowly to any query.They must learn from opentution.com
Sir, i didnt ask for variable overhead efficiency variance as the question says that the company uses marginal costing system.And while making operating statement of it, we would only take variable overhead expenditure variance and ofcourse all other routine variances too.We wont take or calculate variable overhead volume variance(variable overhead efficency & capacity variance).Right Sir?
how come is that If we pay payables early then we will have a bigger overdraft??
but on the other hand , service organisations dont have the motive of profitability like other organsations.
