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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › Process Costing
Dear Lecturer,
I have few questions on process costing and these are as follows:
1) What is the impact of normal & abnormal spoilage in process costing (using FIFO method) will these two affect the calculation of equivalent units & unit cost?
2) Inspection takes place when products are 70% complete, what are the impacts from this sentence.
3) Cost transferred in $xx amount from previous department (X to Y), will it affect unit cost calculation for department Y.
Ending WIP 60% completed, beginning WIP 80% completed. Spoilage 5% of unit produce.
I sincerely appreciate your detail guidance on the above. Thank you.
Regards
Acharya
Everything you ask is explained in detail with examples in my free lectures.
I am sorry but I cannot type out all of my lectures here 🙂
(The free lectures are a complete course for Paper F2 and cover everything needed to be able to pass the exam well)