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F2 Specimen Exam

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › F2 Specimen Exam

  • This topic has 3 replies, 2 voices, and was last updated 7 years ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • November 15, 2015 at 7:32 pm #282691
    sburge
    Member
    • Topics: 2
    • Replies: 7
    • ☆

    hi
    i have just one question about the Specimen Exam Paper that is in the revision kit:

    Question 4, includes the $63,000 for the fixed production costs, but why are the $12,000 fixed selling costs ignored? is this to do with only production costs being absorbed into the 14000 units produced?

    many thanks.

    November 15, 2015 at 7:53 pm #282699
    John Moffat
    Keymaster
    • Topics: 56
    • Replies: 51583
    • ☆☆☆☆☆

    I am sorry, but I have absolutely no idea which revision kit you are using – there are many publishers who produce revision kits.
    Without therefore being able to see the question I cannot help you.

    November 15, 2015 at 8:07 pm #282703
    sburge
    Member
    • Topics: 2
    • Replies: 7
    • ☆

    sorry i should have said on the this site the Live Revision kit – Lectures based on the F2 Past ACCA exams
    or posted the link:
    https://opentuition.com/acca/f2/acca-f2-specimen-exam-section-a-lecture-1/
    Its question 4

    November 16, 2015 at 7:06 am #282737
    John Moffat
    Keymaster
    • Topics: 56
    • Replies: 51583
    • ☆☆☆☆☆

    It is the fixed overheads in the inventory valuation that create the difference between marginal and absorption profits.

    When valuing inventory we only ever take into account costs of production – never selling or admin costs.

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