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Many thanks. I found this question interesting. My solution was different though:
I deducted 0.23 from the increase of 3 to give a growth rate of 2.77%
Thus: 0.23(102.77%)/12%-2.77%
0.236371/9.23%
=$2.56
Is my solution correct, or just a coincidence?
My advice would be not to leave it that late as the website can get VERY busy towards the deadline.
As you said you don’t have much money to spend, why don’t you try the following:
1. OpenTuition notes (free)
2. OpenTuition lectures (free)
3. Revision/exam kit from an approved publisher (about £20)You have virtually everything you need on this site for free 🙂
According to the exam timetable, P6 (IRL) is not being offered in September. The only IRL options offered are P2 and P7. The next sitting for P6 (IRL) is on Thursday 10th December.
https://www.accaglobal.com/uk/en/student/acca-qual-student-journey/sa/news/exam-timetables2015.html
You can get your certificate by using the following instructions:
1. Login to your myACCA account
2. Click ‘Exam status & results’
3. Click ‘Print a certificate’
4. Select the certificate from the drop-down menu
5. Click ‘View certificate’
6. When the certificate has loaded, print the certificate66 and 58 respectively, but you’ll need an A in the dissertation with both.
https://www.accaglobal.com/uk/en/help/oxford-brookes.html
Also note: ‘Where the calculated average mark is not a whole number, the calculated average will be rounded up or down accordingly’.
So I guess averages of 65.5 and 57.5 will be rounded up to 66 and 58 respectively. If you average 57.4 then you’ll be rounded down to 57 and only be able to get a 2:2 at best.
1. Login to myACCA
2. Click ‘Exam status & results’ on the navigation menu.
3. Click ‘Print a certificate’.
4. Select the certificate from the drop down menu.
5. Click ‘View certificate’.
6. Wait for certificate to load in the new window (make sure to allow pop-ups).
7. Print the certificate.John Moffat discusses this issue in the F5 and F9 introductory lectures. Essentially the only thing you must buy is an up-to-date revision/exam kit from an approved publisher.
“All exam entries for September will be charged at the early entry rate”
I’m afraid this link does not work either. All the other links for F6 lectures work for me. Plus, another user has reported exactly the same problem under the F6 ask the tutor forum. I’ve tried pasting in different browsers too.
F6 is 13 weeks tomorrow. And even if you were to just use TaxTutor’s fantastic OpenTuition lectures on here (followed by a revision kit), they are numerous and quite lengthy. I advise to allow sufficient time.
I hope you can understand the above.
The important line in the question is “All materials are input at the commencement of the process.” This means the Materials are 100% complete and actually the percentages of 60% and 30% given in the question only apply to the Conversion costs.
As usual, in the B/F units, 100% Mats are complete and so only 0% remain, likewise 60% Conversion complete so 40% remain.
Equivalent units: 15000 = 0 + 12000 + 3000; and 13700 = 800 + 12000 + 900
The final figure of $22890 is 10200 + 12690
Working out the Process a/c first:
———————————————
B/F 2000 | Finished 14000
[Started 15000] | C/F 3000The started units is the missing figure in the ‘T’ a/c
Therefore started and finished units is 12000 [either 15000-3000 or 14000-2000]
Mats. Conv.
Cost 51000 193170Units
B/F (2000u) 0 (0% remain) 800 (40% remain)Start to finished 12000 12000
C/F (3000u) 3000 (100% done) 900 (30% done)
——————— ———————-
Equivalent units 15000 13700Therefore 51000/15000=$3.4 193170/13700=$14.1
Hence Value of C/F (3000u): Mats. 3000u x 100% x $3.4 = 10200
Conv. 3000u x 30% x $14.1 = 12690
———
$22890Difference in inventory: 25000 vs 28000 ie a decrease of 3000
Multiply by fixed production overheads of $7.60
= A $22800
It’s important to note that the only difference between absorption and marginal costing profits is the inventory valuation ie the fixed overheads in the inventory.
