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Also. Can you pls explain the calculation of $6900 for their service cost tax benefit. I don’t know how to calculate to have that number .thank you very much

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Oh you helped me to pass AB and FA already Mr John 🙂
I have completed 3 papers.

But I heard that I need to finish Foundations in Professionalism to get diploma of business and accounting ?

Can you pls recommend the material for this professionalism ? As I didn’t see it on the website .

Thanks Mr John

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You are the best MA teacher , Mr John
I’ve passed with 60% yesterday ?

I’ve lost and was panicked at part A . But your lecturer of standard costing in Part B saved me ?

I’m completing FIP to get the diploma of business and accounting . Can you pls recommend the material to support for this ?
Thanks Mr John

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Oh I’ve got it . Thanks Mr John

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Ah no , I’m so silly , if my workings is like what you taught in the lecture , it will be much faster .

25000 unit x (80-60) = 500.000
Less all fixed ( 113000+ 69.000)
Final profit is still 318000

Thanks Mr John ?

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Ah I understood now . As I just rewatch your lecture …

One value at variable and fixed cost
Another one values at variable only
So the difference is the fixed cost

Thank you Mr John ?

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Ahhhhh I’ve got it . Thank you

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Ahhhhhhh I’ve got it .

I think it will be easier for me to calculate separately as what you taught in the previous chapter .

So I’ll have that 800 of actual kg when I calculate expenditure variance .

And I’ll use that 800kg to calculate usages variance , then I’ll have units produced :)))

Your calculation is the easiest to remember .

Thanks Mr John ( pls don’t close the topic . I have few questions to ask in the chapter

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My workings for for 14b 3 :

The difference between actual purchase @ actual cost ( $2400) and actual purchase @ standard cost is 800(A) .

So actual purchase @ standard cost is 1600$ . It mean actual purchase is 800kg .
But when I devide this 800kg with standard kg per unit ( 5kg ) . The results is only 160 units

What should I do to have 200 unit ?

Thanks Mr John

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Thanks for your reply

Question 14b3 from BPP

I’m struggling with this question . I don’t know where to start to calculate actual production .

Can you pls show me the way ? Thanks Mr John

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Thanks for your reply . Can you pls help me question 14a13

1- Based on your lecture :

Actual purchase @ actual cost 110.000

Actual purchase @ standard cost = 50$ x actual kg purchase( which I can’t find that actual kg)

But The answer shows 50$ x 2000 unit . I’m confused with this 2000 unit . As this is unit produced , not Kg of material ?

2- On the top , the question show ” ” number of units produced budget -2200 and actual 2000 ”

Buf the bottom also show ” the actual number of units produced was 2000″

Should I understand it’s the same actual unit produced ? As its repeated , so I’m confused .

Thanks Mr.John

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Question 12b22 from BPP

For Wye , why is the power of 0.25 there ( 1.20^ .025 ) ?

Thanks Mr John

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I have watched your lectures twice .but there is few things that I’m still confused

And the way BPP explains their answer is so difficult to understand .

Btw , can you pls tell me parts will be asked in Part B ? Is it all about budgeting ?
Pv table will be provided in the exam ?

Thanks Mr. John

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Oh thank you . You’ve made the rest of all related questions is much easier …

Question 10b.18 from BPP

When we calculate fixed overhead , why do we subtract depreciation of $2280 from fixed production overhead cost incurred ? As depreciation is also fixed overhead cost ? Should it be included ?

Thanks Mr. John

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Question 10b.8

I’ve already calculated the budgeted production of competition units .

And I m starting to be confused with that allowance for defective units 1.600 . I don’t understand ” 10% of output = 1/9 of input )

That 10% should be 1.440 ?

Should I understand the word ” allowance ” is like the ” allowance” in F3 ?

Thanks Mr.John

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1- Question 10a 13 from BPP

Can you pls explain why the answer of this question is option D ( B8+B7+B4) ?

when sale – variable = contribution
The answer should be A ( B2-B3 ) ?

2- Question 10 a11 and 10 a12

In chapter absorption and marginal costing , we take contribution cost p.u multiply with budget unit , but we multiply with actual unit in these ones ?

Thanks Mr John

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So .. is it correct if I say a wine factory or soft drink company won’t use batch cost ?

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Thanks for your reply .

Btw , chapter 17 and 18 will solve questions from budgeting , budgetary process and making budget work in BPP ? As the title is different so I’m a little bit confused …
Thanks Mr John.

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Oh yes . I’ve missed chapter 19 which talked about the correlation coefficient. Thank you

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Excuse me ,
For FIFO , if the question show

” opening inventory 500 units , degree of completion – 60% )

This 60% is the completion for conversion cost , material or both of them ?

Thanks , Mr.John

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Thank you Mr John

English is not my 1st language , so I still have confused the words they use in this paper like ” budget , ” standard cost , ” expected “….

Like this one , How should I understand this ?

” budget production for the month was 5000 units although the company managed to produce 5.800 units ”

Does it mean ” the company wants to produce 5.800 units , but they just have enough money to produce 5.000 unit ?”

Thanks Mr John.

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Yes . I do understand 7a.15 now ( as I thought i have to calculate all departments all the time like what you shown in your lecture ) .
Thank you for the reply of question 7a23 …

For question 7a26 .

They said ” no overhead is reapportioned to service department Y , so the balance of overhead should be reapportioned 40/90 and 50/90 ” ( which I understand they reapportioned by direct method )

Assuming department Y still need to be reapportioned , then I will use ” step down method ” ? Mean 600* 40% and 600* 50% ?
Is it correct ?

Thank you Mr John

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Question 7a.23 from BPP practice

When we recharge canteen . The equation will be 83.520 * 45% ( mixing Dept ) = 37.584 and 83.520 * 40% (stirring ) = 33.408

But in the answer shown ” 44216 ” and ” 39304 ”
How can they have that number ?

2- can you talk lil bit about “direct method” and “step down method” , you haven’t mentioned it in your lecturer .

Thank you Mr John

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Sorry I didn’t read the question carefully . I thought Jane is a leader and she receives 40% of the group bonus .
Thank you …

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Mr John
Can you pls help me question 5.22 from PBB practice book ?

Im not sure if there is misprint here. But how can we know which one is sale and which one is purchase ?

I have checked in the answer . They take 2 Jan , 21 Jan and 29 Jan as the sales . And 12 Jan is purchase. How can we know it ?

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