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IAS 2 inventory overhead

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › IAS 2 inventory overhead

  • This topic has 1 reply, 2 voices, and was last updated 2 years ago by P2-D2.
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  • Author
    Posts
  • May 13, 2023 at 2:46 pm #684301
    trainee1
    Participant
    • Topics: 57
    • Replies: 30
    • ☆☆

    Dear Tutor,
    Hope you are fine.

    Could you please explain how we should calculate the OH in IAS 2? in example 2 of chapter 10 of FR notes you use the budgeted volume. But what about the overhead expense? We should use the BUDGETED overhead or ACTUAL overhead? In that example you calculate 72.000 / 12.000 . What is 72.000. It is the budgeted OH or ACTUAL OH?

    Thanks

    May 14, 2023 at 10:10 am #684330
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7163
    • ☆☆☆☆☆

    Hi,

    The standard states that we should use the budgeted amount for calculation of the fixed overheads.

    Thanks

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