Process costing

This topic has 5 replies, 3 voices, and was last updated 9 months ago by John Moffat.

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September 25, 2021 at 9:31 am #636452
James124
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It is saying that losses made part way through production so in calculation of equivalent units “we do not consider normal loss as it is absorbed in good units.”
Why Equivalent units are not calculated tutor?
September 25, 2021 at 10:56 am #636461
John Moffat
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You will have to tell me which question you are referring to (assuming it is from the BPP Revision Kit).
September 25, 2021 at 12:10 pm #636474
James124
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Tutor, it is line written in Kaplan book (Chapter 9, Illustration 11).
It says as “Calculate EUs for completed output plus the abnormal loss units. Normal loss is absorbed into good output so does not appear in statement of EUs.”
September 25, 2021 at 3:39 pm #636486
John Moffat
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I do not have the Kaplan book (only the BPP Revision Kit).

However the statement as you have now typed it is all explained in my free lectures on process costing.

The lectures are a complete free course for Paper MA and cover everything needed to be able to pass the exam well.
September 26, 2021 at 2:23 am #636500
maximus07
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Sir, sorry to interrupt, do you prefer BPP more or Kaplan?
September 26, 2021 at 10:14 am #636513
John Moffat
Keymaster
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If you are watching my free lectures then you do not really need either of the Study Texts.

A Revision Kit is vital because practice is so important. I personally prefer the BPP Revision Kit, but it is purely a personal thing – the Kaplan Exam Kit is just as good and some people prefer that.
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