Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › this is a qtn from the revision kit, I dont understand how it was worked out
- This topic has 3 replies, 2 voices, and was last updated 8 years ago by John Moffat.
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- February 7, 2016 at 11:18 pm #299654
In process Y, 6,000u were started during the month. W.I.P. at the start of month: 400u [Materials 100% complete: $1,600 Labour 30% complete: $240]
W.I.P. at the end of month: 600u [ Materials 100% complete Labour 60% complete]
Expenditure during the month: Materials: $30,000 Labour: $18,120
there were no losses: write out the process account using FIFOFebruary 8, 2016 at 8:10 am #299678I cannot write out a process account here (and you cannot be required to produce a t-account in the exam, although you might want to do it as part of your workings).
You need to watch our free lectures on process costing.
Our free lectures are a complete course for Paper F2 and cover everything needed to be able to pass the exam well.
February 9, 2016 at 9:46 pm #299868Many thanks, I did F2 today and I passed?
February 10, 2016 at 6:24 am #299889That’s great – many congratulations 🙂
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