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Mock !!

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › Mock !!

  • This topic has 6 replies, 2 voices, and was last updated 9 years ago by John Moffat.
Viewing 7 posts - 1 through 7 (of 7 total)
  • Author
    Posts
  • November 16, 2015 at 8:57 am #282765
    sumyyy
    Member
    • Topics: 3
    • Replies: 3
    • β˜†

    could anyone help me know how question 5 is to be done in the mock paper?answer=$6.69

    November 16, 2015 at 9:00 am #282766
    sumyyy
    Member
    • Topics: 3
    • Replies: 3
    • β˜†

    thanks in advance πŸ™‚

    November 16, 2015 at 9:36 am #282773
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54701
    • β˜†β˜†β˜†β˜†β˜†

    If you mean the mock exam on our website then you need to copy and paste the question in order to get an answer.

    The reason is (as is stated on the introductory page before the test), the questions are taken at random from a large bank of questions. Every time you take the test you are likely to get different questions, and so ‘question 5’ is different every time.

    November 16, 2015 at 10:28 am #282783
    sumyyy
    Member
    • Topics: 3
    • Replies: 3
    • β˜†

    this year the output is 5000 units and overhead cost is $31,000.
    three years ago the output was 2000 units and overhead costs was $8,800.
    the price index was 132 three years ago and is 164 this year.

    using the high low technique, calculate the variable cost per unit(to the nearest $0.01) expressed in current year prices?

    November 16, 2015 at 11:36 am #282806
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54701
    • β˜†β˜†β˜†β˜†β˜†

    First you need to restate the cost 3 years ago in current prices:

    8,800 x 164/132 = $10,933

    Now you can use the normal high-low approach. So the variable cost per unit = (31,000 – 10,933) / (5,000 – 2,000) = $6.69

    November 16, 2015 at 11:42 am #282815
    sumyyy
    Member
    • Topics: 3
    • Replies: 3
    • β˜†

    thank you very much

    November 16, 2015 at 7:56 pm #283110
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54701
    • β˜†β˜†β˜†β˜†β˜†

    You are welcome πŸ™‚

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