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ACCA- F2. Budgeting

Forums › ACCA Forums › ACCA MA Management Accounting Forums › ACCA- F2. Budgeting

  • This topic has 4 replies, 3 voices, and was last updated 10 years ago by Mercy.
Viewing 5 posts - 1 through 5 (of 5 total)
  • Author
    Posts
  • February 9, 2015 at 4:08 am #227106
    Mercy
    Participant
    • Topics: 13
    • Replies: 22
    • ☆

    Hi Sir John,

    I have a problem in solving this question from open tuition mock question.
    (Question)
    Budgeted production next month is 8200 units. Each unit required 6 labour hour to make. Labour is paid $15 per hour and idle time represent 10% of the total time paid. what is the total budgeted labour cost for next month.

    Thank you for your time.

    February 10, 2015 at 1:35 am #227483
    Farzana sultana
    Member
    • Topics: 19
    • Replies: 43
    • ☆☆

    The answer could b 820,000.as the total labour cost is (8200*6*15)=738000
    10%idle time means 90% is used
    So the equation should b 738000*100/90=820000

    February 10, 2015 at 6:28 am #227508
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54755
    • ☆☆☆☆☆

    Mercy: Farzana is correct, but if you want me to answer questions then you should ask in the Ask the Tutor Forum – this forum is for students to help each other.

    February 10, 2015 at 6:39 pm #227708
    Mercy
    Participant
    • Topics: 13
    • Replies: 22
    • ☆

    Thank you Sir John, you are the best lecturer I have heard in my entire life. I am clear with Farzana answer, my mistake was calculating idle time wrongly. Also, I apologise for posting question on wrong forum.

    February 10, 2015 at 6:42 pm #227709
    Mercy
    Participant
    • Topics: 13
    • Replies: 22
    • ☆

    Thanks Farzana for the answer

  • Author
    Posts
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